News in brief from NewPoint Real Estate Capital, Green Street and CBRE Group.
Category: News and Trends
Life Science Real Estate Poised for Growth
Despite stock market turmoil, slowing venture capital funding and interest rate volatility, life science real estate remains well-positioned for future growth, said Newmark, New York.
Commercial Property Price Growth Cools Off
Real Capital Analytics, New York, said commercial real estate price growth faded in July, though most indexes still showed double-digit gains.
CoreLogic: 30 Years After Hurricane Andrew, Problems Persist for Insurance, Mortgage Industries
CoreLogic, Irvine, Calif., said in the 30 years since Hurricane Andrew devastated much of South Florida, the risk management landscape has evolved “tremendously.” But many questions remain—and with South Florida still a popular place to live, many of the risks from 1992 still exist today.
Bright Spots Amid Offices Sectors Struggles
Office absorption remains negative even though office-using employment increased by 1.9% in the first half of the year, adding 635,000 jobs, reported Cushman & Wakefield, Chicago.
Dealmaker: M&T Realty Capital Corp. Provides $119M in N.J., N.Y.
M&T Realty Capital Corp., Baltimore, provided $119.2 million for multifamily properties in New Jersey and New York.
CBRE: Construction Costs Could Jump 14%
CBRE, Dallas, said it expects U.S. construction costs to jump 14.1 percent year-over-year by year-end due to pressures including labor shortages, inflation, supply chain disruptions, pandemic reverberations and the war in Ukraine.
Ellen Comeaux of TIAA Bank: Surveying The Small Balance Space
Ellen Comeaux is Senior Vice President and Commercial Division Leader with TIAA Bank, Jacksonville, Fla.
CRE People in the News Sept. 1 2022
Personnel News from Freddie Mac Multifamily, BH Properties, Matter Real Estate Group.
Quote
“The current slowdown in the broader commercial real estate market notwithstanding, the market for investment in commercial real estate at lower price points continues to grow among individual investors and small investment groups seeking diversification.”
–Ellen Comeaux, Senior Vice President and Commercial Division Leader with TIAA Bank, Jacksonville, Fla.