Seniors housing development costs have risen sharply over the past two years, driven primarily by labor and land, said CBRE, Dallas.
Tag: CBRE
Push to Modernize Spurs Industrial Construction
The advanced age of U.S. warehouses–43 years on average–is spurring record construction as big e-commerce and retail distributors demand larger, more modern facilities, reported CBRE, Dallas.
CRE People in the News Sept. 22, 2022
Personnel News from CBRE, JLL and Greystone.
Commercial/Multifamily Briefs from PNC Bank, Fannie Mae, CBRE
PNC Bank, N.A., Pittsburgh, closed a $181 million fund to develop and rehabilitate affordable rental housing for families and seniors. PNC said the fund will provide financing for nearly 1,800 affordable housing rental units at 17 multifamily properties across 13 states.
CBRE Raises Hotel Sector Outlook
CBRE, Dallas, raised its forecast for hotel performance based on second-quarter gains and its expectation for slightly positive GDP growth next year.
CRE Briefs, September 8, 2022
News in brief from Northmarq, CBRE, Zumper and Partner Engineering and Science, Inc.
CBRE: Construction Costs Could Jump 14%
CBRE, Dallas, said it expects U.S. construction costs to jump 14.1 percent year-over-year by year-end due to pressures including labor shortages, inflation, supply chain disruptions, pandemic reverberations and the war in Ukraine.
CBRE: Commercial Real Estate Lending Eases
CBRE, Dallas, said commercial real estate lending activity is easing amid heightened market volatility from rising inflation and interest rates.
CBRE: Office Lease Rates Highlight Flight-to-Quality Trend
CBRE, Dallas, said office rental trends indicate a “flight to quality” playing out across 12 major U.S. markets as companies adapt their workplaces for hybrid work.
CRE People in the News Aug. 4, 2022
JLL Capital Markets said Daniel Digerness joined the firm as a Director in its Phoenix office. He will focus on debt and equity advisory across all product types in Phoenix and the southwestern U.S.