Investors are following shoppers as they return to lifestyle centers, said JLL, Chicago.
Category: News and Trends
Personnel News From Marcus & Millichap, JLL, Eastern Union
Marcus & Millichap, Calabasas, Calif., expanded its Board of Directors with by electing Collete English Dixon effective November 2. She will also serve as a member of the Board’s Nominating & Corporate Governance Committee.
Commercial/Multifamily Briefs from American Equity, SS&C, Cushman & Wakefield and Marcus & Millichap
SS&C Technologies Holdings Inc., Windsor, Conn., announced American Equity Investment Life Holding Co., West Des Moines, Iowa, will migrate its $5.4 billion commercial, agricultural and residential mortgage loan portfolio to SS&C’s Precision LM loan management software.
Fitch: REITs Can Withstand Short-Term Inflation Pressures
Fitch Ratings, New York, said it sees limited risks to real estate investment trust credit fundamentals from a transitory inflation-rate increase, but noted prolonged elevated inflation could pressure REITs.
Hotel Demand, ADR Could Approach Full Recovery Next Year
U.S. hotel demand and average daily room rates should near full recovery next year, a new forecast from STR and Tourism Economics said.
Investors Increase Commercial Real Estate Allocations
Despite decreased returns in 2020, institutional investor confidence in commercial real estate remains strong, according to Hodes Weill & Assocs. and Cornell University’s Baker Program in Real Estate.
Dealmaker: Greystone Capital Advisors Arranges $77M Multifamily Refinance
Greystone Capital Advisors, New York, arranged a $77.2 million loan for a joint venture between Young Cos. and Phil Craft to refinance to refinance The Rockwell in New Rochelle, N.Y.
COMBOG Corner: Interview with StanCorp’s Amy Frazey
Commercial real estate lending markets are on a tear heading into the last months of 2021. Life insurance companies are one of many capital sources benefiting from improved transaction volumes and economic fundamentals.
Tenants Committing to Longer Leases
Commercial real estate tenants are ready to commit to longer lease terms, reported software firm Visual Lease, Woodbridge, N.J.
Quote
“This past year and a half highlighted the need to adapt and stay current with numerous changes in state and federal rules while working with borrowers on COVID-19 forbearance requests and/or issues.”
–Stancorp Assistant Vice President and MBA COMBOG member Amy Frazey.