U.S. hotel occupancy should remain at record levels into 2017, predicted PKF Hospitality Research, Atlanta.
Category: News and Trends
Fitch: Positive Outlook for REITs in 2016
Good portfolio management, lower-risk growth strategies and more conservative financial policies lead to a continuing positive outlook for real estate investment trusts from Fitch Ratings, New York.
Double-Digit Property Price Growth Continues
Property prices increased again in October, extending their streak of double-digit year-over-year gains to 33 months, reported Moody’s Investors Service and Real Capital Analytics.
Commercial Briefs
Sperry Van Ness International Corp. changed its brand name to SVN. The SVN brand name and new logo will roll out globally over the next 18 months.
JCHS: Apartment Demand Exceeds Construction
Though apartment construction now stands at its fastest pace in nearly 30 years, those deliveries will not meet the surging demand for rental housing, the Harvard Joint Center for Housing Studies reported.
MBA: 3Q Commercial/Multifamily Mortgage Debt Continues Rise Led By Commercial Banks
Commercial/multifamily mortgage debt outstanding increased by $38.0 billion in the third quarter, as three of the four major investor groups increased their holdings, the Mortgage Bankers Association reported this morning.
CBRE: Data Center Site Selection Offers Significant Savings
Data center users can save up to $140 million over 10 years by choosing markets with lower tax burdens, affordable power rates and favorable weather conditions, reported CBRE Group, Los Angeles.
Homes 4 Rent, American Residential Properties in $1.5B Merger
Single-family rental firm American Homes 4 Rent will merge with rival American Residential Properties in a deal valued at $1.5 billion, the firms announced.
Apartment Starts Tumble
September’s increase in apartment starts turned into a sharp decrease in October, the Census Bureau said.
Houston CRE Performance Diverges by Sector
Houston’s different CRE sectors are responding to the city’s recent economic uncertainly in different ways, reported Transwestern, Houston.