New hotel construction continued at a “rapid” pace in California and Chicago has the greenest commercial real estate in the nation. Details below.
Category: News and Trends
Fitch Ratings: Decelerating CRE Construction Spending Growth
New commercial real estate construction activity should improve “moderately” in 2017 and 2018, although at a slower pace than in recent years, said Fitch Ratings, New York.
Federal Reserve: CRE Activity ‘Flat to Expanding’
Economic activity expanded “slightly to moderately” in June while commercial real estate activity was flat to expanding in most areas, the Federal Reserve Board’s Beige Book reported yesterday.
New Renters Paying More Than Renewing Tenants
Apartment rents have increased across the country, but market-rate rents for new renters increased more than rents for renewing tenants, reported Zillow, Seattle.
New Renters Paying More Than Renewing Tenants
Apartment rents have increased across the country, but market-rate rents for new renters increased more than rents for renewing tenants, reported Zillow, Seattle.
CMBS Lenders Cast a Wider Net
Commercial mortgage-backed securities lenders are shifting their attention–and their capital–to some alternative U.S. markets, reported Trepp, New York.
Multifamily Investment Opportunities Moderate–As Expected
Multifamily investment opportunities moderated in the first quarter, reported Freddie Mac, McLean, Va.
Lackluster Second-Quarter Office Performance
The office market continued its “lackluster” pace in the second quarter–recording the lowest quarterly net absorption in three years–said Reis Senior Economist Barbara Byrne Denham.
Many Firms Slow to Adopt Looming Lease Accounting Standards
Nearly one-quarter of firms have not started implementing new lease accounting standards nearly 18 months after their release, reported CBRE, Los Angeles, and PwC US, New York.
MBA 1Q Commercial/Multifamily DataBook Reports ‘Downshift’
The Mortgage Bankers Association released its first-quarter 2017 Commercial/Multifamily DataBook today.