The office sector saw downward pressure even before the COVID-19 crisis. Now, burdened with a shift toward remote working, it could be particularly hard hit in the coming years, said Moody’s Analytics.
Tag: CBRE
Dealmaker: VEREIT, Ocean West Acquire $654M in Industrial Facilities
VEREIT, Phoenix, and Ocean West Capital Partners LLC, El Segundo, Calif., acquired $654 million in industrial properties.
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.
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.
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.
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.
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.
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.
Dealmaker: CBRE Closes $71M
CBRE, Los Angeles, closed $71.3 million in office and retail transactions in Scottsdale, Ariz.
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.