The industrial sector is in demand across the country, but California leads the way with the top five markets for industrial real estate investment nationwide, said Ten-X, Irvine, Calif.
Category: News and Trends
Commercial/Multifamily Briefs
Capital One, McLean, Va., established a new unitranche loan program focused on commercial and healthcare real estate with Kayne Anderson Real Estate, Los Angeles, as co-investor.
Tech Employers’ Spillover Effect on Office Rents
Technology companies from northern California, Seattle, Boston and New York are expanding into new markets, creating more office space demand and rent growth in beneficiary markets, reported CBRE, Los Angeles.
Green Buildings Gaining Ground
The commercial real estate industry is making significant progress in reducing energy consumption, carbon emissions, water usage and waste disposal, reported the Urban Land Institute, Washington, D.C.
Hotel Sector Sees Mixed 3Q Performance
The U.S. hotel sector saw mixed year-over-year performance during the third quarter and full-year 2017 performance fell short of expectations, analysts said.
MBA, Trade Groups Ask Agencies to Revise Volcker Rule
The Mortgage Bankers Association and other industry trade groups urged federal banking agencies to streamline the “Volcker Rule” to reduce costs for businesses.
Single-Family Rent Prices Increase 3.1% Year-over-Year
Rent prices in single-family rental properties increased 3.1 percent year-over-year in August, reported CoreLogic, Irvine, Calif.
MBA Launches New Business Council for Commercial Real Estate Finance Members
The Mortgage Bankers Association announced formation of the Capital Council, a new business council, consisting of commercial real estate finance professionals from MBA member firms.
Commercial/Multifamily Briefs
RealPage, Richardson, Texas, agreed to acquire Rentlytics, San Francisco, for nearly $57 million.
Cap Rates Edge Higher
Cap rates edged higher in the second quarter, but they remain low; economic growth should support demand for commercial properties, offsetting further cap rate increases, reported Wells Fargo Securities, Charlotte, N.C.
