LightBox RCM, Carlsbad, Calif., said commercial real estate investors are “navigating a delicate balancing act” as strong demand across many sectors hits headwinds from inflation, construction costs and labor issues.
Category: News and Trends
Personnel News From HUD, Arbor Realty Trust, CBRE, Berkadia
HUD Deputy Assistant Secretary Ethan Handelman announced Willie Fobbs joined HUD as Director of HUD’s Multifamily Office of Production.
Dealmaker: New York Life Real Estate Investors Originates $1.3B for Industrial, Multifamily
New York Life Real Estate Investors originated $1.3 billion for industrial and multifamily assets in multiple states
Freddie Mac Multifamily Investment Index Drops
Freddie Mac, McLean, Va., said multifamily market investment conditions turned negative in late 2021 as price appreciation and rising mortgage rates more than offset net operating income growth.
Evolving Office Sector Could Drive Flight to Quality
Workers are slowly returning to the office as the pandemic wanes, but office buildings remain relatively empty, reported Yardi CommercialEdge, Santa Barbara, Calif.
Data Center Market Shatters Leasing Records
North American data center leasing reached record levels last year, driven by demand from large cloud service providers and social media companies, reported CBRE, Dallas.
Commercial Real Estate Sees Double-Digit February Price Growth
Commercial property price growth continued in February as all four major property types posted double-digit annual price growth, reported Real Capital Analytics, New York.
CREF Policy Update March 31, 2022
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Commercial and Multifamily Briefs March 31, 2022
Cushman & Wakefield acquired Grant Street Associates Inc. in Pittsburgh, Pa., after an 18-year alliance.
Quote
“It’s been a remarkable run for commercial property, but with interest rates higher, equity markets lower and now the strains of warfare in Ukraine, investors should expect price increases to slow. Because things were so hot before and real estate was so cheap versus the bond markets, bidders may push pricing a little more, but for the most part, investors should expect real estate values to stabilize.”
–Peter Rothemund, Co-Head of Strategic Research with Green Street, Newport Beach, Calif.