The U.S. is generally the largest and most liquid region for commercial real estate deal activity, but Europe surpassed the U.S. for investment in the second quarter, reported Real Capital Analytics, New York.
Category: News and Trends
Personnel News from Hines, Eastern Equity Advisors, NorthMarq
Gerald Hines, founder and chairman of real estate firm Hines, passed away peacefully at home on August 23.
CMBS Market Musings by Andrew Foster
For better but more often for worse it seems lately, the commercial mortgage-backed securities market is continuing to experience interesting developments, whether it be updated credit rating agency analysis on evolving outlook, recent insights on the landscape from the special servicing community or the latest from bank research desks and MBA’s latest Quarterly CMF Originations Survey.
Pandemic Hits Single-Family Rent Prices
CoreLogic, Irvine, Calif., said single-family rent growth reached its slowest rate in a decade during June amid elevated unemployment rates.
North American CRE Market Reacts to COVID Downturn
After a strong start to 2020, COVID-19’s impacts on North American commercial real estate hit during the second quarter, reported Transwestern, Houston, and Devencore, Toronto.
Personnel News from CBRE, Walker & Dunlop, Marcus & Millichap
CBRE, Los Angeles, announced Bill Grice joined CBRE Hotels as Executive Vice President and Co-Head of Hospitality Capital Markets. Based in the firm’s Atlanta office, he will focus on the origination and placement of debt and equity for hospitality-related transactions.
Can U.S. Retail Sector’s ‘V-Shaped’ Rebound Jump the Fiscal Cliff?
Reuters, Aug. 14, 2020–Howard SchneiderEven with nearly a fifth of the labor force collecting unemployment benefits in July, Americans continued spending with relative gusto, driving retail sales back to pre-coronavirus …
Dealmaker: Greystone Provides $100M in HUD-Insured Multifamily Financing
Greystone, New York, provided $100.3 million in HUD-insured loans for multifamily properties in California and Texas.
Analysts Downgrade Hotel Outlook
Full recovery in U.S. hotel demand and room revenue remains unlikely until 2023 and 2024, respectively, said STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa. The firms slightly downgraded their hotel outlook report.
North American CRE Market Reacts to COVID Downturn
After a strong start to 2020, COVID-19’s impacts on North American commercial real estate hit during the second quarter, reported Transwestern, Houston, and Devencore, Toronto.