Commercial real estate executives are especially bullish on industrial and multifamily assets in 2017, reported Altus Group, Toronto.
Category: News and Trends
RealPage: ‘Robust’ Apartment Demand While Rent Growth Cools Slightly
Last year saw near-record multifamily demand and strong occupancy despite rising completions, reported RealPage, Richardson, Texas. But rent growth is starting to slow.
CBRE Expects ‘Steady Start’ to the Year
The 2017 outlook for U.S. commercial real estate capital markets remains favorable, said CBRE, Los Angeles.
CBRE: 2017 Hotel Outlook a ‘Mixed Bag’
This year offers “mixed blessings” for U.S. hotels, with near-record occupancy levels projected but average daily room rates that will likely continue to level off, predicted CBRE Hotels, Atlanta.
Boulder Group: Retail Single-Tenant Net Lease Cap Rates Rise–For a Change
Retail sector single-tenant net lease cap rates increased in the fourth quarter for the first time since 2013, reported Boulder Group, Northbrook, Ill.
JLL: Industrial, Retail Momentum Drives REITs
This year offers “mixed blessings” for U.S. hotels, with near-record occupancy levels projected but average daily room rates that will likely continue to level off, predicted CBRE Hotels, Atlanta.
Fitch: Watch Property Performance in a Peaking Market
Although Commercial Mortgage-Backed Securities 2.0 property cash flows remain strong, participants should watch property performance in a peaking market, noted Fitch Ratings, New York.
Commercial Briefs
Extensia Financial, Northridge, Calif., a credit union service organization dedicated to commercial real estate lending and advisory services, launched a CRE lending consulting service program to help credit unions develop and maintain their commercial lending programs.
MBA Office Closures Next Week
Offices of the Mortgage Bankers Association will close on Dec. 23 will remain closed until Tuesday, Jan. 3, 2017.
Freddie Mac: Third Consecutive Quarter of Multifamily Growth
Multifamily investing fundamentals grew stronger in the third quarter, reported Freddie Mac, McLean, Va.
