Dallas, Seattle and San Francisco offer commercial real estate investors the best opportunities among large markets from a relative value vs. price perspective, reported Situs RERC, Houston.
Category: News and Trends
Senate Confirms Patenaude as HUD Deputy Secretary
The Senate yesterday confirmed President Trump’s nomination of Pamela Patenaude to serve as Deputy Secretary of HUD.
Hotel Sector Pipeline Increases
There are currently nearly 600,000 hotel rooms under contract to be built in the United States–up 8.8 percent compared to a year ago–reported STR, Hendersonville, Tenn.
Autonomous Vehicles Changing Real Estate Design
Though autonomous vehicles are years away from popular usage, they are already changing how land-use planners and developers think about commercial real estate, said valuation and assessment firm BBG, Dallas.
CMBS Issuance, Spreads Increase
Private-label commercial mortgage-backed securities issuance volume remained strong through August with $9.9 billion priced, reported Kroll Bond Rating Agency, New York.
CMBS Issuance, Spreads Increase
Private-label commercial mortgage-backed securities issuance volume remained strong through August with $9.9 billion priced, reported Kroll Bond Rating Agency, New York.
Renter Demand Puts Pressure on Single-Family Rental Prices
The median monthly rent for single-family rental properties is rising faster than rents for apartment units, reported Zillow, Seattle.
Ten-X: CRE Volume Bounces Back in 2Q
Commercial real estate investment activity expanded in the second quarter after a “sharp” contraction early in the year, reported Ten-X, Irvine, Calif.
Commercial/Multifamily Briefs
Arbor Realty Trust, Uniondale, N.Y., closed a $365 million commercial real estate mortgage securitization.
MBA Chart of the Week: Commercial/Multifamily Property Sales, Mortgage Bankers Originations and Non-Bank Maturities ($ Millions)
Traditionally, commercial/multifamily mortgage bankers originations have tracked very closely with property sales volumes, with 2016 recording $490 billion of originations and $496 billion of property sales. That relationship broke down in the first half of 2017.
