VEREIT, Phoenix, and Ocean West Capital Partners LLC, El Segundo, Calif., acquired $654 million in industrial properties.
Tag: CBRE
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CRE Lending Eases as Underwriting Turns Conservative
CBRE, Los Angeles, said a temporary freeze in commercial real estate lending and transaction markets beginning in mid-March through early April led to fewer loan closings in the second quarter.
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MBA: 2019 Multifamily Lending Up 7% to Record High
Fueled by strong market fundamentals and low interest rates, 2,589 different multifamily lenders provided $364.4 billion in new mortgages in 2019 for apartment buildings with five or more units, according to the Mortgage Bankers Association’s annual multifamily lending market report.
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Retail-to-Industrial Conversions Accelerate, Driven by E-Commerce
Nearly 14 million square feet of retail space has converted to industrial space since 2017–a trend likely to increase as e-commerce expands and industrial rents increase, said CBRE, Los Angeles.
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MBA: 2019 Multifamily Lending Up 7% to Record High
Fueled by strong market fundamentals and low interest rates, 2,589 different multifamily lenders provided $364.4 billion in new mortgages in 2019 for apartment buildings with five or more units, according to the Mortgage Bankers Association’s annual multifamily lending market report.
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Dealmaker: CBRE Global Investors Acquires Two San Jose Office Buildings
A fund sponsored by CBRE Global Investors acquired two Class A office buildings in San Jose, Calif. for $95 million. The buildings, collectively known as 237@First, each span six stories and include 368,702 rentable square feet.
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Hotel Sector Bouncing Back But Faces Continued Threats
CBRE, Los Angeles, said the hotel sector has seen 10 straight weeks of occupancy gains, but the recent COVID-19 diagnosis increase threatens to “derail” its progress.
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Dealmaker: CBRE Closes $71M
CBRE, Los Angeles, closed $71.3 million in office and retail transactions in Scottsdale, Ariz.
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Dealmaker: NXT Capital Closes $46M Loan to Colorado Office Park
NXT Capital, Chicago, closed a $45.6 million loan to finance acquisition of Cherry Creek Plaza I & II, a two-building office park in Glendale, Colo.
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Office Employees Value Flexibility in COVID-19 Era
U.S. employees are re-examining their relationship with their offices due to COVID-19, said CBRE Hana, New York.