Analysts agree: commercial asset prices resumed solid growth in May and June. CoStar, Washington, D.C., said both of its two major indexes advanced by more than 1 percent in May, …
Category: News and Trends
Ten-X: CRE Activity Contracts After Q4 Surge
Commercial real estate transaction volume decreased significantly in the first quarter after reaching a cyclical peak in late 2015, reported Ten-X, Irvine, Calif.
KBRA: More K-Series Borrowers Paying Off Early–Or Borrowing More
Many Freddie Mac K-Series borrowers are unlocking the equity resulting from years of strong multifamily investment demand and price appreciation, said Kroll Bond Rating Agency, New York.
CMBS: Some Bumps Ahead
The rest of 2016 will likely be as “bumpy” as the first half was for commercial mortgage-backed securities, said Brian Olasov, Executive Director with Carlton Fields, New York.
CBRE: Secondary Markets Popular with Tech Workers, Employers
While San Francisco remains the nation’s leading technology market, many highly skilled workers–especially millennials–and their employers are now choosing cities with both tech jobs and lower living costs, reported CBRE, Los Angeles.
CREF Highlights: Updated C/MF Real Estate Finance Forecast
MBA released its Commercial/Multifamily Real Estate Finance Forecast.
JLL: Downtown Core Office Space Commands Top Dollar, But Rent Growth Expected to Moderate
Rents for downtown core office buildings jumped 7 percent year-over-year into record territory, reported JLL, Chicago.
CBRE, PwC: Few Executives Expect to Change Lease vs. Own Strategy Under New Standard
Few executives anticipate reducing the average term of their leases or trimming space leased because of new lease accounting standards, but many expect challenges around data collection and systems, reported CBRE Group and PwC US.
Moody’s: Older Office Buildings Require Capital Improvements As Usage Patterns Shift
Central business district office buildings are aging, and retrofitting older buildings to address workforce changes and space-usage patterns will require capital improvements, reported Moody’s Investors Services, New York.
Fitch: New U.S. CMBS Multifamily Supply Increasing Risks
Risk of Class A multifamily overbuilding is rising in some submarkets, reported Fitch Ratings, New York.
