Real estate and land use professionals can address challenges associated with drought and limited freshwater availability by prioritizing water conservation, efficiency and reuse, according to a report from the Urban Land Institute.
Category: News and Trends
Commercial/Multifamily Briefs July 7, 2022
Commercial and multifamily briefs from EQT Exeter, Redwood Capital Group, Colliers and Versus Capital.
May CRE Prices Hold Steady
Real Capital Analytics, New York, reported U.S. commercial property price growth held steady in May, supported by price gains in the industrial and apartment sectors.
Record-Breaking Home Prices, Rents Likely to Cool
After a record-shattering 2021, the housing market has reached an inflection point, according to the Harvard Joint Center for Housing Studies, Cambridge, Mass.
Multifamily Rent Growth Climbing
Momentum surrounding multi-housing rent growth has continued in 2022 and currently outpaces inflationary growth, reported JLL Capital Markets, Chicago.
Net Lease Retail, Office Cap Rates Expand
The Boulder Group, Wilmette, Ill., said single-tenant retail and office net lease cap rates increased slightly in the second quarter as interest rates and inflation increased.
Dealmaker: Institutional Property Advisors Brokers $47M Arizona Multifamily Sale
Institutional Property Advisors, Ontario, Calif., sold Port Royale, a 252-unit multifamily property in Sierra Vista, Ariz., for $46.5 million.
CREF Policy Update July 7, 2022
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
CMF People in the News July 7, 2022
Greystone, New York, appointed Hafize Gaye Erkan its Chief Executive Officer effective immediately. Her executive responsibilities will commence in September.
Quote
“Multi-housing market fundamentals are exceptionally strong, and the relatively shorter nature of leases is a favorable attribute in an environment of higher inflation, which allows properties the ability to mark-to-market on an annual basis versus other asset types.”
–JLL Senior Managing Director Roberto Casas.