There remains a “consistent” positive case for multifamily investment, but said things could get “a bit bumpy” ahead, said Yardi Matrix, Santa Barbara, Calif.
Category: News and Trends
Commercial/Multifamily Briefs
CBRE, Los Angeles, acquired a 50 percent interest in Streetsense, a privately held strategy and design company, creating a joint venture to provide services that help retailers create “compelling” consumer experiences.
Hotel Pipeline Shrinks
Hotel rooms currently under construction fell slightly–0.1 percent year-over-year–to 183,187, reported STR, Hendersonville, Tenn.
FHFA Shrinks Fannie Mae, Freddie Mac Multifamily Lending Caps
Fannie Mae and Freddie Mac multifamily lending caps will shrink slightly in 2018, the Federal Housing Finance Agency announced yesterday.
Transwestern: Increasing Office Demand in New York, New Jersey
Increasing demand for new construction in the Hudson Yards, Manhattan West and World Trade Center areas continues to benefit Manhattan’s office market, reported Transwestern, Houston.
New York’s Upper 5th Avenue Remains World’s Most Expensive Retail Street
Upper 5th Avenue in New York remains the world’s most expensive retail street, reported Cushman & Wakefield, New York.
CREF Highlights
Commercial and multifamily developments and activities relevant to your business and our industry.
TH Real Estate: ‘Doomsday’ Scenarios Oversimplify U.S. Retail Landscape
Though negative news headlines about the retail sector abound, smart investors can still find investment opportunities, said TH Real Estate, London.
Small-Cap CRE Leasing Velocity Slows
Small-cap commercial real estate leasing velocity slowed “considerably” during the third quarter as rent growth accelerated, reported Boxwood Means, Stamford, Conn.
Dodge Momentum Index Bounces Back
The Dodge Momentum Index–a leading indicator of future commercial real estate construction–rose in October, climbing 13.2 percent.
