This year could be another challenging one for the retail sector, but retailers that survive should be well positioned for the future.
Net lease asset buyer and seller expectations are converging as the spread between asking prices and sale prices decreased from 8.6 percent to 6.4 percent in late 2019, said NNNetAdvisors, Los Angeles.
Despite threats of a potential market slowdown on the horizon, investment sales brokers and mortgage bankers are confident deal activity will remain strong this year.
Personnel News from Institutional Property Advisors, Funkhouser Vegosen Liebman & Dunn Ltd. And Green Street Advisors
Institutional Property Advisors hired investment sales brokers Shelton Granade, Luke Wickham and Justin Basquill in the firm’s in Orlando, Fla. office.
Phillips Realty Capital, Bethesda, Md., arranged $49.6 million of debt financing for two separate, contiguous office properties in Herndon, Va., adjacent to Amazon Web Services’ east coast hub.
CoreLogic, Irvine, Calif., said rents in single-family rental properties increased 3 percent year-over-year in November.
HUD proposed a rule that would recognize additional standards and model building code editions that should ensure compliance with the Fair Housing Act’s accessibility requirements in constructing new multifamily housing.