headline,url,canonicalUrl,datePublished,articleBody,articleBodyHtml,inLanguage,datePublishedRaw,mainImage,description,authors,metadata->probability,metadata->dateDownloaded
Newmark: Nearly All Industrial Occupancy Costs Increasing,https://www.globest.com/2022/10/10/newmark-nearly-all-industrial-occupancy-costs-increasing/?slreturn=20220912075508,https://www.globest.com/2022/10/10/newmark-nearly-all-industrial-occupancy-costs-increasing/,2022-10-10T07:34:00,"In addition to climbing rents, industrial tenants are faced with higher annual lease escalations, operating expenses and utilities as competition for space remains elevated, according to a new report from Newmark.
The total cost to occupy warehouse space has increased 42.2% since 2019. Rent has been the biggest driver, but rent and non-rent expenses alike contributed significantly to the growth.","
In addition to climbing rents, industrial tenants are faced with higher annual lease escalations, operating expenses and utilities as competition for space remains elevated, according to a new report from Newmark.
The total cost to occupy warehouse space has increased 42.2% since 2019. Rent has been the biggest driver, but rent and non-rent expenses alike contributed significantly to the growth.
",en,"October 10, 2022 at 07:34 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/10/Successful-Businessman-With-Telescope-Article-202210040828.jpg,"Occupying warehouse space expense has increased 42% since 2019.
","[
{
""name"":""Paul Bergeron"",
""nameRaw"":""Paul Bergeron""
}
]",0.9051878,2022-10-12T00:00:00Z
Major Hotel Investment Sales in Q4,https://www.globest.com/2023/01/10/major-hotel-investment-sales-in-q4/?slreturn=20230101171453,https://www.globest.com/2023/01/10/major-hotel-investment-sales-in-q4/,2023-01-10T16:00:00,"Heading into a new year, the U.S. commercial real estate industry finds itself in choppy waters amid fears of a recession, rising inflation, and interest rate hikes as market participants await a course correction. Challenges during 2022 including continued supply chain constraints, increasing labor costs and struggles in attracting talent are anticipated to endure through 2023. Combined with international and domestic geopolitical issues and market volatility, many believe during the near term, the U.S will experience a mild to moderate economic recession. Although inflation appears to have recently stabilized, it remains above seven percent, and the Federal Reserve has made clear its intent to continue raising rates until it sees a marked reduction in inflation nearer to its two percent target. Weakening fundamentals and higher cost of capital are anticipated to generally lower asset values. The good news is that for the most part, corporate finances are in good shape and having learned a lesson during the pandemic, employers will avoid extreme layoffs to avoid losing employees in a tight labor market. While consumer confidence is highly subdued, average household debt is low compared with the onset of prior recessions. Many anticipate that inflation will be significantly lower by the second half of 2023, setting the stage for falling interest rates and the beginning of a new cycle.","
Heading into a new year, the U.S. commercial real estate industry finds itself in choppy waters amid fears of a recession, rising inflation, and interest rate hikes as market participants await a course correction. Challenges during 2022 including continued supply chain constraints, increasing labor costs and struggles in attracting talent are anticipated to endure through 2023. Combined with international and domestic geopolitical issues and market volatility, many believe during the near term, the U.S will experience a mild to moderate economic recession. Although inflation appears to have recently stabilized, it remains above seven percent, and the Federal Reserve has made clear its intent to continue raising rates until it sees a marked reduction in inflation nearer to its two percent target. Weakening fundamentals and higher cost of capital are anticipated to generally lower asset values. The good news is that for the most part, corporate finances are in good shape and having learned a lesson during the pandemic, employers will avoid extreme layoffs to avoid losing employees in a tight labor market. While consumer confidence is highly subdued, average household debt is low compared with the onset of prior recessions. Many anticipate that inflation will be significantly lower by the second half of 2023, setting the stage for falling interest rates and the beginning of a new cycle.
",en,"By Daniel H. Lesser | January 10, 2023 at 04:00 PM",https://images.globest.com/contrib/content/uploads/sites/304/2021/04/Hotel-Article-202104300736.jpg, A slowing economy is anticipated to reduce the rate of RevPAR growth.,"[
{
""name"":""Daniel H. Lesser | January 10"",
""nameRaw"":""Daniel H. Lesser | January 10, 2023 at 04:00 PM""
},
{
""name"":""2023 at 04:00 PM"",
""nameRaw"":""Daniel H. Lesser | January 10, 2023 at 04:00 PM""
}
]",0.89318895,2023-02-01T00:00:00Z
Rethink Healthcare Expands Portfolio of Emergency Hospitals in Dallas-Fort Worth,https://www.globest.com/2023/02/01/rethink-healthcare-expands-portfolio-of-emergency-hospitals-in-dallas-fort-worth/?slreturn=20230106222327,https://www.globest.com/2023/02/01/rethink-healthcare-expands-portfolio-of-emergency-hospitals-in-dallas-fort-worth/,2023-02-01T16:41:00,"Rethink Healthcare Real Estate has acquired its seventh real estate leased to an emergency hospital in the Dallas-Fort Worth metroplex.
The Mansfield based property is leased by a joint venture of a healthcare system and Emerus and is operated by Emerus. The emergency hospital has been open for about seven years and has provided critical care to tens of thousands of patients.","
Rethink Healthcare Real Estate has acquired its seventh real estate leased to an emergency hospital in the Dallas-Fort Worth metroplex.
The Mansfield based property is leased by a joint venture of a healthcare system and Emerus and is operated by Emerus. The emergency hospital has been open for about seven years and has provided critical care to tens of thousands of patients.
",en,"February 01, 2023 at 04:41 PM",https://images.globest.com/contrib/content/uploads/sites/296/2022/05/dealey-plaza-dallas-texas-2021-08-26-18-13-09-utc-1-1.jpg,"The 36,101 square foot acquisition is Rethink/Heitman venture’s seventh investment","[
{
""name"":""David Hoffman"",
""nameRaw"":""David Hoffman""
}
]",0.9586479,2023-02-07T00:00:00Z
Stockdale Redevelops Traditional Downtown Mall to Life Sciences-Retail Hub,https://www.globest.com/2022/10/26/rdc-redevelops-traditional-downtown-mall-to-life-sciences-retail-hub/?slreturn=20220927223457,https://www.globest.com/2022/10/26/rdc-redevelops-traditional-downtown-mall-to-life-sciences-retail-hub/,2022-10-26T06:45:00,"Horton Plaza is the spot for gathering in downtown San Diego. At least a couple of decades ago when traditional malls fit that bill.
Stockdale, with the help of architect RDC, two years ago embarked on a redevelopment of the popular space, converting a Nordstrom (even adding five new floors atop it) and redesigned the other anchor (Macy’s) to create a new mix of 30% retail and 70% life sciences, tech and office in one of the country’s top life-sciences markets.","
Horton Plaza is the spot for gathering in downtown San Diego. At least a couple of decades ago when traditional malls fit that bill.
Stockdale, with the help of architect RDC, two years ago embarked on a redevelopment of the popular space, converting a Nordstrom (even adding five new floors atop it) and redesigned the other anchor (Macy’s) to create a new mix of 30% retail and 70% life sciences, tech and office in one of the country’s top life-sciences markets.
",en,"October 26, 2022 at 06:45 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/06/Healthcare-Med-Lab-2.jpg,"Macy’s and Nordstrom gone, downtown San Diego to welcome an ideal mix in 2023.
","[
{
""name"":""Paul Bergeron"",
""nameRaw"":""Paul Bergeron""
}
]",0.9329123500000001,2022-10-28T00:00:00Z
Prologis: Texas Will Be the Top State for Warehouse Net Absorption and Other 2023 Predictions,https://www.globest.com/2023/01/12/prologis-texas-will-be-the-top-state-for-warehouse-net-absorption-and-other-2023-predictions/?slreturn=20230022223451,https://www.globest.com/2023/01/12/prologis-texas-will-be-the-top-state-for-warehouse-net-absorption-and-other-2023-predictions/,2023-01-12T07:53:00,"Last year at this time the big question was – will Christmas be canceled? After more than two years of supply chain disruptions, the word “normal” is creeping into the outlook for 2023. At the same time, the larger economic environment is still impacting major supply chain players.
We still see companies struggling with labor shortages and needing to prepare for the unexpected (moving from a “just-in-time” approach to managing their supply chain to a “just-in-case” approach). While no one has a crystal ball, we at Prologis have leveraged our company’s decades of industry experience and unique insights from our ~1.2 billion square foot global portfolio and 6,200+ customers to predict seven unconventional trends for the industrial real estate market and wider macro-economy for the new year:","
Last year at this time the big question was – will Christmas be canceled? After more than two years of supply chain disruptions, the word “normal” is creeping into the outlook for 2023. At the same time, the larger economic environment is still impacting major supply chain players.
We still see companies struggling with labor shortages and needing to prepare for the unexpected (moving from a “just-in-time” approach to managing their supply chain to a “just-in-case” approach). While no one has a crystal ball, we at Prologis have leveraged our company’s decades of industry experience and unique insights from our ~1.2 billion square foot global portfolio and 6,200+ customers to predict seven unconventional trends for the industrial real estate market and wider macro-economy for the new year:
",en,"By Chris Caton | January 12, 2023 at 07:53 AM",https://images.globest.com/contrib/content/uploads/sites/304/2021/06/port-photo-resied.jpg,"After more than two years of supply chain disruptions, the word “normal” is creeping into the outlook for 2023.","[
{
""name"":""Chris Caton | January 12"",
""nameRaw"":""Chris Caton | January 12, 2023 at 07:53 AM""
},
{
""name"":""2023 at 07:53 AM"",
""nameRaw"":""Chris Caton | January 12, 2023 at 07:53 AM""
}
]",0.9318523,2023-01-23T00:00:00Z
10 Cities That Multifamily Investors Should Love,https://www.globest.com/2023/01/20/10-cities-that-are-top-for-multifamily-investing/?slreturn=20230024001640,https://www.globest.com/2023/01/20/10-cities-that-are-top-for-multifamily-investing/,2023-01-20T08:24:00,"New York City is the top metro for multifamily investing this year, as high housing demand and a relatively stable rental market buoy the sector there.
According to Crexi data, asking prices for NYC multifamily properties have gone up 13% so far year over year, with average occupancy levels climbing to approach 79.1% on average versus 74% in 2021. In its ranking of the top 10 cities for multifamily investment, Crexi notes that the city is “known as a city of renters” where 67% of households rent rather than own while rents have increased 27% year-over-year, “offering a predictable rental income stream that multifamily investors seek.”","
New York City is the top metro for multifamily investing this year, as high housing demand and a relatively stable rental market buoy the sector there.
According to Crexi data, asking prices for NYC multifamily properties have gone up 13% so far year over year, with average occupancy levels climbing to approach 79.1% on average versus 74% in 2021. In its ranking of the top 10 cities for multifamily investment, Crexi notes that the city is “known as a city of renters” where 67% of households rent rather than own while rents have increased 27% year-over-year, “offering a predictable rental income stream that multifamily investors seek.”
",en,"January 20, 2023 at 08:24 AM",https://images.globest.com/contrib/content/uploads/sites/296/2021/10/Modern-Apartment-Building.jpg,"NYC, Raleigh-Durham and Nashville top Crexi's list of most promising multifamily destinations.","[
{
""name"":""Lynn Pollack"",
""nameRaw"":""Lynn Pollack""
}
]",0.95343804,2023-01-24T00:00:00Z
"Campus, Clarion Selling $550M Student Housing Portfolio",https://www.globest.com/2022/10/28/campus-clarion-selling-550m-student-housing-portfolio/?slreturn=20221029230508,https://www.globest.com/2022/10/28/campus-clarion-selling-550m-student-housing-portfolio/,2022-10-28T08:08:00,"A partnership between Philadelphia-based student housing operator Campus Apartments and Clarion Partners is selling a portfolio of five student housing campuses valued at an estimated $550M.
The portfolio encompasses 2,643 beds across 811 units in Ann Arbor, MI; Clemson, SC; Knoxville, TN and Tallahassee, FL, according to a report in greenstreet. The units average 1,150 SF and are 99% occupied.","
A partnership between Philadelphia-based student housing operator Campus Apartments and Clarion Partners is selling a portfolio of five student housing campuses valued at an estimated $550M.
The portfolio encompasses 2,643 beds across 811 units in Ann Arbor, MI; Clemson, SC; Knoxville, TN and Tallahassee, FL, according to a report in greenstreet. The units average 1,150 SF and are 99% occupied.
",en,"October 28, 2022 at 08:08 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/10/Students-Article-202210260812.jpg,"The five campuses encompass 2,642 beds and are 99% occupied.","[
{
""name"":""Jack Rogers"",
""nameRaw"":""Jack Rogers""
}
]",0.92810404,2022-11-30T00:00:00Z
Developers to Build $850M Walkable Village at Phoenix’s Metrocenter Mall,https://www.globest.com/2023/01/24/developers-to-build-850m-walkable-village-at-phoenixs-metrocenter-mall/?slreturn=20230027084433,https://www.globest.com/2023/01/24/developers-to-build-850m-walkable-village-at-phoenixs-metrocenter-mall/,2023-01-24T15:18:00,"Concord Wilshire Capital and TLG Investment Partners in partnership with Carl DeSantis’ CDS International Holdings, have acquired the Metrocenter Mall, including the Dillard’s Building and U-Haul Building. The transaction was completed with no mortgage financing on the property and will pave the way for revitalization of one of Phoenix’s most iconic properties.
The development group has formed a strategic alliance with Hines, the international real estate firm, to redevelop and repurpose the Metrocenter Mall into a community-driven walkable village that will be home to a variety of residential apartment options including ownership and rental, boutiques, retail stores, restaurants, bars, a town-center park, and other commercial and entertainment venues.","
Concord Wilshire Capital and TLG Investment Partners in partnership with Carl DeSantis’ CDS International Holdings, have acquired the Metrocenter Mall, including the Dillard’s Building and U-Haul Building. The transaction was completed with no mortgage financing on the property and will pave the way for revitalization of one of Phoenix’s most iconic properties.
The development group has formed a strategic alliance with Hines, the international real estate firm, to redevelop and repurpose the Metrocenter Mall into a community-driven walkable village that will be home to a variety of residential apartment options including ownership and rental, boutiques, retail stores, restaurants, bars, a town-center park, and other commercial and entertainment venues.
",en,"January 24, 2023 at 03:18 PM",https://images.globest.com/contrib/content/uploads/sites/296/2022/03/Phoenix-AZ.jpg,The redevelopment project is to begin immediately. ,"[
{
""name"":""David Hoffman"",
""nameRaw"":""David Hoffman""
}
]",0.95625126,2023-01-27T00:00:00Z
Colliers Forms South Florida Healthcare Investment Sales Division,https://www.globest.com/2022/10/05/colliers-forms-south-florida-healthcare-investment-sales-division/?slreturn=20220906064443,https://www.globest.com/2022/10/05/colliers-forms-south-florida-healthcare-investment-sales-division/,2022-10-05T06:04:00,"Colliers has promoted Kim Kretowicz to senior managing director, the company announced last week.
Kretowicz will lead a newly formed Healthcare Investment Sales division with the South Florida Investment Services Team.","
Colliers has promoted Kim Kretowicz to senior managing director, the company announced last week.
Kretowicz will lead a newly formed Healthcare Investment Sales division with the South Florida Investment Services Team.
",en,"October 05, 2022 at 06:04 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/05/Miami-2.jpg,"Promotes Kretowicz, who will lead sales at a national level.
","[
{
""name"":""Paul Bergeron"",
""nameRaw"":""Paul Bergeron""
}
]",0.93094295,2022-10-06T00:00:00Z
A New Metric Puts More Pressure on the Office Market,https://www.globest.com/2023/01/06/a-new-metric-puts-more-pressure-on-the-office-market/?slreturn=20230016014341,https://www.globest.com/2023/01/06/a-new-metric-puts-more-pressure-on-the-office-market/,2023-01-06T08:28:00,"According to CBRE, when it comes to office the king of the metrics for the second year running is utilization: cost per seat, design density and vacancy tied for second place.
This comes from CBRE’s analysis, 2022-2023 CBRE Global Workplace & Occupancy Insights, an annual survey of major occupiers worldwide.","
According to CBRE, when it comes to office the king of the metrics for the second year running is utilization:cost per seat, design density and vacancy tied for second place.
This comes from CBRE’s analysis, 2022-2023 CBRE Global Workplace & Occupancy Insights, an annual survey of major occupiers worldwide.
",en,"January 06, 2023 at 08:28 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/12/Office-Building-Article-202212060831.jpg,Vacancy rates used to be king. Now it's tenant-centric utilization rates.,"[
{
""name"":""Erik Sherman"",
""nameRaw"":""Erik Sherman""
}
]",0.9311202,2023-01-16T00:00:00Z
"Related, BGO to Surrender Empty Long Island City Office Campus",https://www.globest.com/2023/02/13/related-bgo-to-surrender-empty-long-island-city-office-campus/?slreturn=20230114133425,https://www.globest.com/2023/02/13/related-bgo-to-surrender-empty-long-island-city-office-campus/,2023-02-13T06:14:00,"Related Fund Management and BentallGreenOak (BGO) are surrendering a Long Island City office complex they purchased in 2016 and renovated, after defaulting on a CMBS loan on the property.
The partners have agreed to a deed-in-lieu-of-foreclosure arrangement with BrightSpire Capital, a REIT holding a non-performing loan for The Point LIC, a two-building campus including the Paragon Building at 2100 49 th Ave. and the Blanchard Building at 2109 Borden Ave.","
Related Fund Management and BentallGreenOak (BGO) are surrendering a Long Island City office complex they purchased in 2016 and renovated, after defaulting on a CMBS loan on the property.
The partners have agreed to a deed-in-lieu-of-foreclosure arrangement with BrightSpire Capital, a REIT holding a non-performing loan for The Point LIC, a two-building campus including the Paragon Building at 2100 49th Ave. and the Blanchard Building at 2109 Borden Ave.
",en,"February 13, 2023 at 06:14 AM",https://images.globest.com/contrib/content/uploads/sites/296/2020/08/black-arrow-resized.jpg,Lender io sell mortgage for The Point in deed-in-lieu-of-foreclosure deal.,"[
{
""name"":""Jack Rogers"",
""nameRaw"":""Jack Rogers""
}
]",0.9505705,2023-02-14T00:00:00Z
"First National Realty Partners Purchases Shopping Center in Cullman, AL",https://www.globest.com/sbm-gbst/2023/01/03/first-national-realty-partners-purchases-shopping-center-in-cullman-al/?slreturn=20230004020631,https://www.globest.com/2023/01/03/first-national-realty-partners-purchases-shopping-center-in-cullman-al/,2023-01-03T16:04:00,"First National Realty Partners has added the 304,935-square-foot Cullman Shopping Center to its grocery-anchored property portfolio.
Cullman Shopping Center is anchored by a 45,600-square-foot Publix Food Store, which has been a tenant since 2015. The center features a mix of national and regional retailers including Belk, Dick’s Sporting Goods, Ross Dress for Less, ULTA Beauty, Five Below and PetSmart. The remaining 18,000 square feet is vacant.","
First National Realty Partners has added the 304,935-square-foot Cullman Shopping Center to its grocery-anchored property portfolio.
Cullman Shopping Center is anchored by a 45,600-square-foot Publix Food Store, which has been a tenant since 2015. The center features a mix of national and regional retailers including Belk, Dick’s Sporting Goods, Ross Dress for Less, ULTA Beauty, Five Below and PetSmart. The remaining 18,000 square feet is vacant.
",en,"January 03, 2023 at 04:04 PM",https://images.globest.com/contrib/content/uploads/sites/296/2022/03/Retail-2.jpg,"304,935-square-foot Cullman Shopping Center has 18,000 square feet of vacant space","[
{
""name"":""David Hoffman"",
""nameRaw"":""David Hoffman""
}
]",0.92187184,2023-01-04T00:00:00Z
Manhattan Office Market Sees Strongest Monthly Leasing Since 2019,https://www.globest.com/2023/02/02/manhattan-office-market-sees-strongest-monthly-leasing-since-2019/?slreturn=20230104220441,https://www.globest.com/2023/02/02/manhattan-office-market-sees-strongest-monthly-leasing-since-2019/,2023-02-02T06:51:00,"Office leasing activity in Manhattan in January more than doubled the total in December, becoming the strongest month of leasing for the nation’s largest office market since December 2019.
January’s leasing total surged to more than 4.4M SF in Manhattan from December’s tally of 1.9M SF, with the lion’s share of the new leasing activity coming in Midtown—which notched 3.2M SF of leases—according to Colliers’ new January report for the Manhattan office market.","
Office leasing activity in Manhattan in January more than doubled the total in December, becoming the strongest month of leasing for the nation’s largest office market since December 2019.
January’s leasing total surged to more than 4.4M SF in Manhattan from December’s tally of 1.9M SF, with the lion’s share of the new leasing activity coming in Midtown—which notched 3.2M SF of leases—according to Colliers’ new January report for the Manhattan office market.
",en,"February 02, 2023 at 06:51 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/11/Upper-East-Side-Article-202211010907.jpg,"January velocity more than doubles December's total, surging to 4.4M SF.","[
{
""name"":""Jack Rogers"",
""nameRaw"":""Jack Rogers""
}
]",0.9625437,2023-02-05T00:00:00Z
Starwood REIT Limits Investor Withdrawals After a Surge in Requests,https://www.globest.com/2022/12/05/starwood-reit-limits-investor-withdrawals-after-a-surge-in-requests/?slreturn=20221108235616,https://www.globest.com/2022/12/05/starwood-reit-limits-investor-withdrawals-after-a-surge-in-requests/,2022-12-05T08:40:00,"Starwood has become the second nontraded real estate investment trust to limit investor withdrawals after a surge in November requests exceeded monthly limits.
In a letter to its investors that was forwarded to Barron’s, the $15B Starwood Real Estate Income Trust, also known as SREIT, said it fulfilled 63% of investor redemption requests in November after the repurchase requests exceeded a 2% limit, reaching 3.2% of net asset value (VAV).","
Starwood has become the second nontraded real estate investment trust to limit investor withdrawals after a surge in November requests exceeded monthly limits.
In a letter to its investors that was forwarded to Barron’s, the $15B Starwood Real Estate Income Trust, also known as SREIT, said it fulfilled 63% of investor redemption requests in November after the repurchase requests exceeded a 2% limit, reaching 3.2% of net asset value (VAV).
",en,"December 05, 2022 at 08:40 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/09/Moneyship-Article-202209140817.jpg,Company held November redemptions to 63% as requests exceeded limit.,"[
{
""name"":""Jack Rogers"",
""nameRaw"":""Jack Rogers""
}
]",0.9254544,2022-12-09T00:00:00Z
"Apartment Execs Change Operations, Forecasts for 2023",https://www.globest.com/2023/02/14/apartment-execs-change-operations-forecasts-for-2023/?slreturn=20230117022546,https://www.globest.com/2023/02/14/apartment-execs-change-operations-forecasts-for-2023/,2023-02-14T08:25:00,"Cautious optimism and “no new normal” were among the themes presented by leading apartment executives during a panel “The Mind of a CEO” at the National Multifamily Housing Council’s Apartment Strategies Conference in Las Vegas recently.
The group also discussed how their operations and forecasts are changing, coming off the extraordinarily strong performance in 2022.","
Cautious optimism and “no new normal” were among the themes presented by leading apartment executives during a panel “The Mind of a CEO” at the National Multifamily Housing Council’s Apartment Strategies Conference in Las Vegas recently.
The group also discussed how their operations and forecasts are changing, coming off the extraordinarily strong performance in 2022.
",en,"February 14, 2023 at 08:25 AM",https://images.globest.com/contrib/content/uploads/sites/296/2023/02/NMHC-resize.jpg,We need to control what we can control because the non-controllables are out of control.,"[
{
""name"":""Paul Bergeron"",
""nameRaw"":""Paul Bergeron""
}
]",0.92796594,2023-02-17T00:00:00Z
Price of Lumber Plunges to Pre-Pandemic Level,https://www.globest.com/2022/09/28/price-of-lumber-plunges-to-pre-pandemic-level/?slreturn=20220901034418,https://www.globest.com/2022/09/28/price-of-lumber-plunges-to-pre-pandemic-level/,2022-09-28T08:15:00,"If the chart of the weekly lumber futures price for the past two years was an EKG, the patient would be in need of a defibrillator, stat.
Lumber futures closed Monday at $410.80 per thousand board feet—which is back to where they started when the pandemic began. The cost of two-by-fours has plunged more than 70% from this year’s peak of more than $1,400 per 1K of board feet in March.","
If the chart of the weekly lumber futures price for the past two years was an EKG, the patient would be in need of a defibrillator, stat.
Lumber futures closed Monday at $410.80 per thousand board feet—which is back to where they started when the pandemic began. The cost of two-by-fours has plunged more than 70% from this year’s peak of more than $1,400 per 1K of board feet in March.
",en,"September 28, 2022 at 08:15 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/09/Lumber-Article-202209280812.jpg,Contractors stop stockpiling wood as rate hikes take steam out of demand.,"[
{
""name"":""Jack Rogers"",
""nameRaw"":""Jack Rogers""
}
]",0.91723895,2022-10-01T00:00:00Z
Council Aims to Promote SFR-BTR Sector by Standardizing Its Terminology,https://www.globest.com/2022/10/04/council-aims-to-promote-sfr-btr-sector-by-standardizing-its-terminology/?slreturn=20220905085500,https://www.globest.com/2022/10/04/council-aims-to-promote-sfr-btr-sector-by-standardizing-its-terminology/,2022-10-04T08:13:00,"An emphasis that “no one is living above or below” is among the key recommendations that a 20-member New Home Trends Institute’s Build-to-Rent council recently gave to help promote the single-family and build-to-rent markets.
The group gathered to provide the industry with some missing clarity and consistency in terminology, according to John Burns Consulting.","
An emphasis that “no one is living above or below” is among the key recommendations that a 20-member New Home Trends Institute’s Build-to-Rent council recently gave to help promote the single-family and build-to-rent markets.
The group gathered to provide the industry with some missing clarity and consistency in terminology, according to John Burns Consulting.
",en,"October 04, 2022 at 08:13 AM",https://images.globest.com/contrib/content/uploads/sites/296/2020/12/single-family-home-resized.jpg,"Group provided guidance on how to “gain favor among consumers,” “win over municipalities,” “optimize search-engine visibility.”
","[
{
""name"":""Paul Bergeron"",
""nameRaw"":""Paul Bergeron""
}
]",0.9301995999999999,2022-10-05T00:00:00Z
Sourcing Investment Opportunities That Go Beyond the Headlines,https://www.globest.com/2023/01/25/how-to-find-investment-opportunities-beyond-the-headlines/?slreturn=20230103232444,https://www.globest.com/2023/01/25/how-to-find-investment-opportunities-beyond-the-headlines/,2023-01-25T08:16:00,"Investors should look beyond headlines to find CRE opportunities over the five-year horizon, according to one industry watcher.
“So much depends on each investors’ strategy, risk tolerance, knowledge, experience, capital, and geographic focus,” says Marcus & Millichap’s John Chang. But six key property types pose opportunities for growth for the savvy investor: you just have to know where to look.","
Investors should look beyond headlines to find CRE opportunities over the five-year horizon, according to one industry watcher.
“So much depends on each investors’ strategy, risk tolerance, knowledge, experience, capital, and geographic focus,” says Marcus & Millichap’s John Chang. But six key property types pose opportunities for growth for the savvy investor: you just have to know where to look.
",en,"January 25, 2023 at 08:16 AM",https://images.globest.com/contrib/content/uploads/sites/296/2021/03/Businessman-Telescope-resize.jpg,Investors should look beyond headlines to find CRE opportunities over the five-year horizon.,"[
{
""name"":""Lynn Pollack"",
""nameRaw"":""Lynn Pollack""
}
]",0.9462366,2023-02-04T00:00:00Z
Largest Self-Storage Fund Ever Closes Amid Headwinds,https://www.globest.com/2023/01/27/largest-self-storage-fund-ever-closes-amid-headwinds/?slreturn=20230030151355,https://www.globest.com/2023/01/27/largest-self-storage-fund-ever-closes-amid-headwinds/,2023-01-27T08:14:00,"The self-storage market is entering 2023 facing headwinds from flattening street rates, increased expenses, capital markets challenges, and the slowing economy.
“But operators remain optimistic about income growth coming from resilient demand and higher renewal rates while deliveries begin to subside,” Paul Fiorilla, Director of U.S. Research Yardi Matrix, tells GlobeSt.com.","
The self-storage market is entering 2023 facing headwinds from flattening street rates, increased expenses, capital markets challenges, and the slowing economy.
“But operators remain optimistic about income growth coming from resilient demand and higher renewal rates while deliveries begin to subside,” Paul Fiorilla, Director of U.S. Research Yardi Matrix, tells GlobeSt.com.
",en,"January 27, 2023 at 08:14 AM",https://images.globest.com/contrib/content/uploads/sites/296/2023/01/storage-Article-202301270749.jpg,Prime Group Holdings has closed its third flagship self-storage fund at a hard cap of $2.5 billion. ,"[
{
""name"":""Paul Bergeron"",
""nameRaw"":""Paul Bergeron""
}
]",0.9226319,2023-01-30T00:00:00Z
Feil Organization Renews Lease with REBNY,https://www.globest.com/2023/01/10/feil-organization-renews-lease-with-rebny/?slreturn=20230012032729,https://www.globest.com/2023/01/10/feil-organization-renews-lease-with-rebny/,2023-01-10T15:52:00,"The Real Estate Board of New York (REBNY) has extended its lease at 570 Lexington Avenue for more than 10 years. 570 Lexington Avenue is a 50-story office tower in Midtown Manhattan owned by the Feil Organization. An anchor tenant since 1998, REBNY’s renewal supports the complete gut renovations of the entire second floor and partial concourse level, bringing its space to Class-A standard.
REBNY will occupy 23,031 square feet across the entire second floor and partial concourse level, which includes classrooms and meeting rooms. While renovations are underway, REBNY will temporarily relocate its offices to 733 Third Avenue and will move back in when the renovations are complete in Q3 2023.","
The Real Estate Board of New York (REBNY) has extended its lease at 570 Lexington Avenue for more than 10 years. 570 Lexington Avenue is a 50-story office tower in Midtown Manhattan owned by the Feil Organization. An anchor tenant since 1998, REBNY’s renewal supports the complete gut renovations of the entire second floor and partial concourse level, bringing its space to Class-A standard.
REBNY will occupy 23,031 square feet across the entire second floor and partial concourse level, which includes classrooms and meeting rooms. While renovations are underway, REBNY will temporarily relocate its offices to 733 Third Avenue and will move back in when the renovations are complete in Q3 2023.
",en,"January 10, 2023 at 03:52 PM",https://images.globest.com/contrib/content/uploads/sites/296/2022/12/Soho-Article-202212151244.jpg,Lease at 570 Lexington Avenue renewed for more than 10 years,"[
{
""name"":""David Hoffman"",
""nameRaw"":""David Hoffman""
}
]",0.9014025,2023-01-12T00:00:00Z
Why Sale-Leasebacks Are Especially Important Now,https://www.globest.com/2023/01/05/why-sale-leasebacks-are-especially-important-now/?slreturn=20230018073649,https://www.globest.com/2023/01/05/why-sale-leasebacks-are-especially-important-now/,2023-01-05T03:45:00,"The current economic climate has been difficult, with Federal Reserve interest rate hikes chasing inflation. Even as some of the pressures might be reaching a plateau, the Fed has made clear that further rate increases are still planned. That has led corporate lenders to become more cautious. They’ve been tightening their standards and lowering the amount of leverage available.
“Typically, a mortgage lender will provide 75% to 80% of the loan-to-value of the property,” says Gordon J. Whiting, managing director and head of net lease real estate at Angelo Gordon. “In today’s macroeconomic conditions, it’s much harder to get access to capital, it’s harder to get a loan, and you’re only getting 60%.”
Even as the corporate lending market has become less liquid and more expensive, capital remains available for sale-leasebacks at very attractive terms. Even as property values have been dropping — though they’re still largely at or above pre-pandemic valuations — the return to a company is still better. “They’re able to get 100% of the value today,” says Whiting.
The Advantage of Renting
There’s rent to pay, yes, but unlike interest on a loan, it’s completely deductible as an operating expense. The seller can also typically negotiate control for 20 years with options to extend. “The rental will be lower than what they’d have to pay in financing,” Whiting adds. And the longer the lease term, the better the value to both the buyer and the seller, making negotiation of that point easier.
With the future uncertain and rates potentially going higher, there is also value in locking down a strategy with certainty. “You’re better off doing a sale-leaseback and paying off some of the more expensive or floating rate debt,” notes Whiting. “Cash is king.” The more liquidity on hand, the easier it is to deal with unforeseen circumstances.
Why Working Capital Now Is King
Sale-leasebacks are also a great source of acquisition financing, particularly in the current market environment, where distress may drive opportunities for strategic add-on acquisitions. Companies can use sale-leaseback proceeds to help fund new acquisitions or expand upon existing platforms. A vertically integrated company might decide to buy a supplier. Sponsors can do the same, using proceeds of a sale-leaseback done at the time of an acquisition to lower their capital costs for the deal. “Now sale-leasebacks are another arrow in a CFO’s quiver,” Whiting says.
From Whiting’s view, the market uncertainty and potential for ongoing rate increases are also a source of danger, with a sale-leaseback being an option to consider sooner, not later. “Time is not your friend,” he says. “In our view, we’re headed into an environment where you’re going to be glad you did it the day before and not the day after.”","
The current economic climate has been difficult, with Federal Reserve interest rate hikes chasing inflation. Even as some of the pressures might be reaching a plateau, the Fed has made clear that further rate increases are still planned. That has led corporate lenders to become more cautious. They’ve been tightening their standards and lowering the amount of leverage available.
“Typically, a mortgage lender will provide 75% to 80% of the loan-to-value of the property,” says Gordon J. Whiting, managing director and head of net lease real estate at Angelo Gordon. “In today’s macroeconomic conditions, it’s much harder to get access to capital, it’s harder to get a loan, and you’re only getting 60%.”
Even as the corporate lending market has become less liquid and more expensive, capital remains available for sale-leasebacks at very attractive terms. Even as property values have been dropping — though they’re still largely at or above pre-pandemic valuations — the return to a company is still better. “They’re able to get 100% of the value today,” says Whiting.
The Advantage of Renting
There’s rent to pay, yes, but unlike interest on a loan, it’s completely deductible as an operating expense. The seller can also typically negotiate control for 20 years with options to extend. “The rental will be lower than what they’d have to pay in financing,” Whiting adds. And the longer the lease term, the better the value to both the buyer and the seller, making negotiation of that point easier.
With the future uncertain and rates potentially going higher, there is also value in locking down a strategy with certainty. “You’re better off doing a sale-leaseback and paying off some of the more expensive or floating rate debt,” notes Whiting. “Cash is king.” The more liquidity on hand, the easier it is to deal with unforeseen circumstances.
Why Working Capital Now Is King
Sale-leasebacks are also a great source of acquisition financing, particularly in the current market environment, where distress may drive opportunities for strategic add-on acquisitions. Companies can use sale-leaseback proceeds to help fund new acquisitions or expand upon existing platforms. A vertically integrated company might decide to buy a supplier. Sponsors can do the same, using proceeds of a sale-leaseback done at the time of an acquisition to lower their capital costs for the deal. “Now sale-leasebacks are another arrow in a CFO’s quiver,” Whiting says.
From Whiting’s view, the market uncertainty and potential for ongoing rate increases are also a source of danger, with a sale-leaseback being an option to consider sooner, not later. “Time is not your friend,” he says. “In our view, we’re headed into an environment where you’re going to be glad you did it the day before and not the day after.”
",en,"January 05, 2023 at 03:45 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/08/Gordon-Whiting_GlobeSt.jpg,"In today’s economic environment, this could be the best way to access capital.","[
{
""name"":""Erik Sherman"",
""nameRaw"":""Erik Sherman""
}
]",0.9730319,2023-01-18T00:00:00Z
Q3 Brings Net Negative Absorption for Multifamily,https://www.globest.com/2022/11/21/q3-brings-net-negative-absorption-for-multifamily/?slreturn=20221021150523,https://www.globest.com/2022/11/21/q3-brings-net-negative-absorption-for-multifamily/,2022-11-21T08:38:00,"As homes become even more unaffordable with rising mortgage rates and resulting crushed application volumes, you might think that demand for apartments would be screamingly hot. And it is—or was until the third quarter. The story coming out a Newmark report is surprising, because it suggests a possible sea change in how multifamily has been performing.
“Following extraordinary property level fundamentals in 2021, quarterly absorption posted net negative demand of 82,035 units nationally in the third quarter of 2022, during the historically active leasing months of July, August and September, where absorption was negative,” the report states. From huge demand to negative absorption at a time that is usually the opposite.","
As homes become even more unaffordable with rising mortgage rates and resulting crushed application volumes, you might think that demand for apartments would be screamingly hot. And it is—or was until the third quarter. The story coming out a Newmark report is surprising, because it suggests a possible sea change in how multifamily has been performing.
“Following extraordinary property level fundamentals in 2021, quarterly absorption posted net negative demand of 82,035 units nationally in the third quarter of 2022, during the historically active leasing months of July, August and September, where absorption was negative,” the report states. From huge demand to negative absorption at a time that is usually the opposite.
",en,"November 21, 2022 at 08:38 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/08/Multifamily-4.gif,But how does demand trail off with what’s supposed to be a chronic shortage?,"[
{
""name"":""Erik Sherman"",
""nameRaw"":""Erik Sherman""
}
]",0.8768298999999999,2022-11-21T00:00:00Z
Chetrit Group Selling Portfolio as $481M Default Looms,https://www.globest.com/2023/01/17/chetrit-group-selling-portfolio-as-481m-default-looms/?slreturn=20230020161400,https://www.globest.com/2023/01/17/chetrit-group-selling-portfolio-as-481m-default-looms/,2023-01-17T17:34:00,"Chetrit Group is seeking to unload portions of a national portfolio of 43 properties encompassing 8,671 apartments that it acquired in 2019 in a transaction financed with a $481M CMBS loan from JPMorgan Chase.
According to a year-end report by Trepp, the mortgage for the portfolio entered special servicing in Q4 for majority default, an indication that Chetrit had failed to pay its lender the principal balance when the loan came due.","
Chetrit Group is seeking to unload portions of a national portfolio of 43 properties encompassing 8,671 apartments that it acquired in 2019 in a transaction financed with a $481M CMBS loan from JPMorgan Chase.
According to a year-end report by Trepp, the mortgage for the portfolio entered special servicing in Q4 for majority default, an indication that Chetrit had failed to pay its lender the principal balance when the loan came due.
",en,"January 17, 2023 at 05:34 PM",https://images.globest.com/contrib/content/uploads/sites/296/2022/10/Apartments-1.jpg,"Developer's 2019 CMBS loan, used to buy 8,600 apartments, entered special servicing.","[
{
""name"":""Jack Rogers"",
""nameRaw"":""Jack Rogers""
}
]",0.95208925,2023-01-20T00:00:00Z
Apartment Rents Are Growing Faster in Low-Cost Cities,https://www.globest.com/2022/09/20/apartment-rents-are-growing-faster-in-low-cost-cities/?slreturn=20220821060311,https://www.globest.com/2022/09/20/apartment-rents-are-growing-faster-in-low-cost-cities/,2022-09-20T08:33:00,"Apartment rent growth hit a staggering 18 percent nationally in 2021, and while prices have tempered a bit this year, rents are continuing to rise at paces exceeding pre-pandemic norms in many parts of the country. And according to a new analysis from Apartment List, prices are rising faster in cities previously deemed “low-cost.”
In Washington, for example, rent growth has been slowest in Seattle and its closest suburbs, “but it accelerates as you move outward into other, more-affordable parts of the state,” Apartment List’s Rob Warnock says. “Near the eastern border with Idaho, pandemic rent growth has reached up to 40 percent in the cities of Spokane and Spokane Valley.”","
Apartment rent growth hit a staggering 18 percent nationally in 2021, and while prices have tempered a bit this year, rents are continuing to rise at paces exceeding pre-pandemic norms in many parts of the country. And according to a new analysis from Apartment List, prices are rising faster in cities previously deemed “low-cost.”
In Washington, for example, rent growth has been slowest in Seattle and its closest suburbs, “but it accelerates as you move outward into other, more-affordable parts of the state,” Apartment List’s Rob Warnock says. “Near the eastern border with Idaho, pandemic rent growth has reached up to 40 percent in the cities of Spokane and Spokane Valley.”
",en,"September 20, 2022 at 08:33 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/09/Spokane-River-Article-202209200832.jpg,"Rents are rising faster in outlying areas of cities previously regarded as low cost, with one exception. ","[
{
""name"":""Lynn Pollack"",
""nameRaw"":""Lynn Pollack""
}
]",0.9025789,2022-09-21T00:00:00Z
These Economists Say a Soft Landing is Wishful Thinking,https://www.globest.com/2023/01/18/these-economists-say-a-soft-landing-is-wishful-thinking/?slreturn=20230025000621,https://www.globest.com/2023/01/18/these-economists-say-a-soft-landing-is-wishful-thinking/,2023-01-18T08:12:00,"Talk has been growing that the US economy is headed for a soft landing, especially in light of the recent inflation numbers that showed the pace of rising prices was continuing to slow. However, there are many economists that are not convinced of this rosy scenario.
The World Economic Forum, meeting this week in Davos, Switzerland, called the global economic outlook “gloomy,” according to the results of the latest survey of chief economists taken in late 2022.","
Talk has been growing that the US economy is headed for a soft landing, especially in light of the recent inflation numbers that showed the pace of rising prices was continuing to slow. However, there are many economists that are not convinced of this rosy scenario.
The World Economic Forum, meeting this week in Davos, Switzerland, called the global economic outlook “gloomy,” according to the results of the latest survey of chief economists taken in late 2022.
",en,"January 18, 2023 at 08:12 AM",https://images.globest.com/contrib/content/uploads/sites/296/2023/01/Economic-recession-Article-202301180810.jpg,"Economists offer wide-ranging views, including those at World Economic Forum, and leading banks.","[
{
""name"":""Paul Bergeron"",
""nameRaw"":""Paul Bergeron""
}
]",0.9041355999999999,2023-01-25T00:00:00Z
"MBA Sees a Tough Year for Multifamily, Commercial Lending",https://www.globest.com/2023/01/10/mba-sees-a-tough-year-for-multifamily-commercial-lending/?slreturn=20230011092508,https://www.globest.com/2023/01/10/mba-sees-a-tough-year-for-multifamily-commercial-lending/,2023-01-10T08:23:00,"Uncertainty and volatility that are disrupting the economy, interest rates, and property valuations will likely continue to cause instability for commercial real estate markets well into this year, according to the Mortgage Bankers Association (MBA).
Multifamily lending will take the brunt of the negativity, falling by about 11 percent to $393 billion, according to MBA’s head of research, Jamie Woodwell.","
Uncertainty and volatility that are disrupting the economy, interest rates, and property valuations will likely continue to cause instability for commercial real estate markets well into this year, according to the Mortgage Bankers Association (MBA).
Multifamily lending will take the brunt of the negativity, falling by about 11 percent to $393 billion, according to MBA’s head of research, Jamie Woodwell.
",en,"January 10, 2023 at 08:23 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/09/Moneyship-Article-202209140817.jpg,Stability will happen later in the year and a rebound should come in 2024.,"[
{
""name"":""Paul Bergeron"",
""nameRaw"":""Paul Bergeron""
}
]",0.86369026,2023-01-11T00:00:00Z
Women of Influence Nominations are Open,https://www.globest.com/2023/02/08/women-of-influence-nominations-are-open-2/?slreturn=20230110025441,https://www.globest.com/2023/02/08/women-of-influence-nominations-are-open-2/,2023-02-08T08:45:00,"The historically male-dominated field of commercial real estate has proven to be a challenging one for women to not only infiltrate but to rise up within. Female professionals throughout commercial real estate often find themselves as the only woman in the room during essential business decisions.
Constantly facing conscious and unconscious biases, women in commercial real estate work relentlessly to overcome adversity and prove their worth. Striving to be treated as equals, these women persist to establish themselves as accomplished experts within their fields and continue to achieve success, while furthering female advancement.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.","
The historically male-dominated field of commercial real estate has proven to be a challenging one for women to not only infiltrate but to rise up within. Female professionals throughout commercial real estate often find themselves as the only woman in the room during essential business decisions.
Constantly facing conscious and unconscious biases, women in commercial real estate work relentlessly to overcome adversity and prove their worth. Striving to be treated as equals, these women persist to establish themselves as accomplished experts within their fields and continue to achieve success, while furthering female advancement.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
",en,"February 08, 2023 at 08:45 AM",https://images.globest.com/contrib/content/uploads/sites/296/2023/01/Women-4.gif,"Nominate an individual for GlobeSt. Real Estate Forum’s 2023 Women of Influence awards. The chosen professionals will be honored at the annual GlobeSt. Women of Influence awards ceremony in Lake Tahoe, CA on July 25th. ","[
{
""name"":""Ingrid Tunberg"",
""nameRaw"":""Ingrid Tunberg""
}
]",0.8791819,2023-02-10T00:00:00Z
Homes in Opportunity Zones Performing Better Than Expected,https://www.globest.com/2023/02/16/homes-in-opportunity-zones-performing-better-than-expected/?slreturn=20230122004638,https://www.globest.com/2023/02/16/homes-in-opportunity-zones-performing-better-than-expected/,2023-02-16T08:06:00,"Homes in Opportunity Zones have fallen but are withstanding the pressures most are facing during this volatile period in the housing market, according to a new report from ATTOM based on Q4 numbers.
“On balance, they aren’t dropping any faster than in more well-off neighborhoods around the country,” Rob Barber, CEO for ATTOM, said in prepared remarks.","
Homes in Opportunity Zones have fallen but are withstanding the pressures most are facing during this volatile period in the housing market, according to a new report from ATTOM based on Q4 numbers.
“On balance, they aren’t dropping any faster than in more well-off neighborhoods around the country,” Rob Barber, CEO for ATTOM, said in prepared remarks.
",en,"February 16, 2023 at 08:06 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/12/Map-with-Pins-Article-202212130813.jpg,"In a sinking-price environment, homes in these more affordable markets hold their own.","[
{
""name"":""Paul Bergeron"",
""nameRaw"":""Paul Bergeron""
}
]",0.93585026,2023-02-22T00:00:00Z
"With Warehouses Full, Shippers Are Holding Product On Chassis",https://www.globest.com/2023/02/14/with-warehouses-full-shippers-are-holding-product-on-chassis/?slreturn=20230123093557,https://www.globest.com/2023/02/14/with-warehouses-full-shippers-are-holding-product-on-chassis/,2023-02-14T08:22:00,"Warehouses and distributions are so full that some shippers are holding product on chassis, leading to increased prices passed on to consumers and further snags in the US supply chain, especially inland rail ramp pools.
Paul Brashier, vice president of drayage and intermodal for ITS Logistics, told CNBC in an interview this week that the practice of leaving containers on chassis both prevents those chassis from being use to move new containers and leads to increased per diem charges and fees for the shipper — which are then passed on to the consumer.","
Warehouses and distributions are so full that some shippers are holding product on chassis, leading to increased prices passed on to consumers and further snags in the US supply chain, especially inland rail ramp pools.
Paul Brashier, vice president of drayage and intermodal for ITS Logistics, told CNBC in an interview this week that the practice of leaving containers on chassis both prevents those chassis from being use to move new containers and leads to increased per diem charges and fees for the shipper — which are then passed on to the consumer.
",en,"February 14, 2023 at 08:22 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/08/Port-of-Miami-Article-202208290845.jpg,"Out of warehouse spaces, shippers are turning to more drastic solutions.","[
{
""name"":""Lynn Pollack"",
""nameRaw"":""Lynn Pollack""
}
]",0.9506528999999999,2023-02-23T00:00:00Z
Women of Influence Nominations are Open,https://www.globest.com/2023/02/08/women-of-influence-nominations-are-open-2/?slreturn=20230114200447,https://www.globest.com/2023/02/08/women-of-influence-nominations-are-open-2/,2023-02-08T08:45:00,"The historically male-dominated field of commercial real estate has proven to be a challenging one for women to not only infiltrate but to rise up within. Female professionals throughout commercial real estate often find themselves as the only woman in the room during essential business decisions.
Constantly facing conscious and unconscious biases, women in commercial real estate work relentlessly to overcome adversity and prove their worth. Striving to be treated as equals, these women persist to establish themselves as accomplished experts within their fields and continue to achieve success, while furthering female advancement.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.","
The historically male-dominated field of commercial real estate has proven to be a challenging one for women to not only infiltrate but to rise up within. Female professionals throughout commercial real estate often find themselves as the only woman in the room during essential business decisions.
Constantly facing conscious and unconscious biases, women in commercial real estate work relentlessly to overcome adversity and prove their worth. Striving to be treated as equals, these women persist to establish themselves as accomplished experts within their fields and continue to achieve success, while furthering female advancement.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
",en,"February 08, 2023 at 08:45 AM",https://images.globest.com/contrib/content/uploads/sites/296/2023/01/Women-4.gif,"Nominate an individual for GlobeSt. Real Estate Forum’s 2023 Women of Influence awards. The chosen professionals will be honored at the annual GlobeSt. Women of Influence awards ceremony in Lake Tahoe, CA on July 25th. ","[
{
""name"":""Ingrid Tunberg"",
""nameRaw"":""Ingrid Tunberg""
}
]",0.8821667999999999,2023-02-15T00:00:00Z
CTO Realty Growth Buys Atlanta Lifestyle Center for $96M,https://www.globest.com/sbm-gbst/2022/12/30/cto-realty-growth-buys-atlanta-lifestyle-center-for-96m/?slreturn=20230004221451,https://www.globest.com/2022/12/30/cto-realty-growth-buys-atlanta-lifestyle-center-for-96m/,2022-12-30T15:16:00,"CTO Realty Growth has acquired The Collection at Forsyth, a 560,000 square foot lifestyle, mixed-use property in the Forsyth County submarket of Atlanta, Georgia for $96 million. The purchase price represents a going-in cap rate above the range of the company’s current guidance for initial cash yields.","
CTO Realty Growth has acquired The Collection at Forsyth, a 560,000 square foot lifestyle, mixed-use property in the Forsyth County submarket of Atlanta, Georgia for $96 million. The purchase price represents a going-in cap rate above the range of the company’s current guidance for initial cash yields.
",en,"December 30, 2022 at 03:16 PM",https://images.globest.com/contrib/content/uploads/sites/296/2021/12/Atlanta-1.jpg,The Collection at Forsyth exchanged hands in a reverse like-kind exchange. ,"[
{
""name"":""David Hoffman"",
""nameRaw"":""David Hoffman""
}
]",0.91086245,2023-01-05T00:00:00Z
Younger Renters Slightly Less Affected by Inflation,https://www.globest.com/2023/02/09/younger-renters-slightly-less-affected-by-inflation/?slreturn=20230111221436,https://www.globest.com/2023/02/09/younger-renters-slightly-less-affected-by-inflation/,2023-02-09T16:34:00,"Younger generations are getting their taste of an inflationary environment, and so far, when it comes to the cost of services, it’s not as sour as it is to those who are older.
Those who signed new leases in December found their cost of goods and services increased 5.6% and 6.1%, respectively, compared with a 6.5% for typical Americans.","
Younger generations are getting their taste of an inflationary environment, and so far, when it comes to the cost of services, it’s not as sour as it is to those who are older.
Those who signed new leases in December found their cost of goods and services increased 5.6% and 6.1%, respectively, compared with a 6.5% for typical Americans.
",en,"February 09, 2023 at 04:34 PM",https://images.globest.com/contrib/content/uploads/sites/296/2022/11/definition-of-inflation-Article-202211220828.jpg,The shift was largely due to rental price growth slowing.,"[
{
""name"":""Paul Bergeron"",
""nameRaw"":""Paul Bergeron""
}
]",0.9340845,2023-02-12T00:00:00Z
Almost All Multifamily Developers Now Experiencing Construction Delays,https://www.globest.com/2022/09/30/almost-all-multifamily-developers-now-experiencing-construction-delays/?slreturn=20220901184538,https://www.globest.com/2022/09/30/almost-all-multifamily-developers-now-experiencing-construction-delays/,2022-09-30T08:17:00,"A remarkable 90% of survey respondents reported construction delays, according to National Multifamily Housing Council’s monthly construction survey released Sept. 29, with permitting and start delays being the main culprits.
A lack of availability in construction financing is also a rising concern —with 31% citing that challenge, compared to 7% who said so in March and 15% in June.","
A remarkable 90% of survey respondents reported construction delays, according to National Multifamily Housing Council’s monthly construction survey released Sept. 29, with permitting and start delays being the main culprits.
A lack of availability in construction financing is also a rising concern —with 31% citing that challenge, compared to 7% who said so in March and 15% in June.
",en,"By Paul Bergeron | September 30, 2022 at 08:17 AM",https://images.globest.com/contrib/content/uploads/sites/296/2021/09/clouds-over-construction.jpg,"NMHC survey shows that permitting, start delays, access to financing, and rising materials and labor costs key factors.","[
{
""name"":""Paul Bergeron | September 30"",
""nameRaw"":""Paul Bergeron | September 30, 2022 at 08:17 AM""
},
{
""name"":""2022 at 08:17 AM"",
""nameRaw"":""Paul Bergeron | September 30, 2022 at 08:17 AM""
}
]",0.9021758400000001,2022-10-01T00:00:00Z
Fifth Corner Acquires San Antonio River Walk Property,https://www.globest.com/2022/12/15/fifth-corner-acquires-san-antonio-river-walk-property/?slreturn=20221115161449,https://www.globest.com/2022/12/15/fifth-corner-acquires-san-antonio-river-walk-property/,2022-12-15T15:00:00,"Fifth Corner has acquired South Bank, located at the San Antonio River Walk through an affiliate. South Bank is a 46,704 square foot retail property that sits on a full city block along Crockett Street and Presa Street.","
Fifth Corner has acquired South Bank, located at the San Antonio River Walk through an affiliate. South Bank is a 46,704 square foot retail property that sits on a full city block along Crockett Street and Presa Street.
",en,"December 15, 2022 at 03:00 PM",https://images.globest.com/contrib/content/uploads/sites/296/2022/12/San-Antonio-Article-202212151544.jpg,"The 46,704 square foot South Bank contains eight tenants","[
{
""name"":""David Hoffman"",
""nameRaw"":""David Hoffman""
}
]",0.8925962,2022-12-15T00:00:00Z
Navigator CEO: Fundamental Change Coming to Office Sector,https://www.globest.com/2022/10/18/navigator-ceo-fundamental-change-coming-to-office-sector/?slreturn=20220921014447,https://www.globest.com/2022/10/18/navigator-ceo-fundamental-change-coming-to-office-sector/,2022-10-18T08:28:00,"As the CEO of a company that produces one of proptech’s leading data visualization tools—offering advanced predictive analytics—Navigator’s Taylor Odegard has no trouble visualizing the future of offices in central business districts.
From a booth with a commanding position on the CREtech 2022 show floor in NYC last week, Odegard gave us his assessment of the office sector, specifically the fate of office towers populating central business districts in major urban centers.","
As the CEO of a company that produces one of proptech’s leading data visualization tools—offering advanced predictive analytics—Navigator’s Taylor Odegard has no trouble visualizing the future of offices in central business districts.
From a booth with a commanding position on the CREtech 2022 show floor in NYC last week, Odegard gave us his assessment of the office sector, specifically the fate of office towers populating central business districts in major urban centers.
",en,"October 18, 2022 at 08:28 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/09/Office-buildings-Article-202209060815.jpg,"Odegard sees live/work/play towers in CBDs, elastic leases enabling flex offices. ","[
{
""name"":""Jack Rogers"",
""nameRaw"":""Jack Rogers""
}
]",0.9106595,2022-10-21T00:00:00Z
Investors Are Fleeing the Home-Buying Market,https://www.globest.com/2023/02/16/investors-are-fleeing-the-home-buying-market/?slreturn=20230118045359,https://www.globest.com/2023/02/16/investors-are-fleeing-the-home-buying-market/,2023-02-16T08:30:00,"The high cost of borrowing continues to affect the single-family home purchase market with investors clearly fleeing the space, according to Redfin.
U.S. home sales fell a record 45.8% year over year in the fourth quarter and investor purchases slumped 27% on a quarter-over-quarter basis, the largest quarterly decline on record aside from the beginning of the pandemic. That’s comparable with the 28.1% quarterly drop in overall home purchases.","
The high cost of borrowing continues to affect the single-family home purchase market with investors clearly fleeing the space, according to Redfin.
U.S. home sales fell a record 45.8% year over year in the fourth quarter and investor purchases slumped 27% on a quarter-over-quarter basis, the largest quarterly decline on record aside from the beginning of the pandemic. That’s comparable with the 28.1% quarterly drop in overall home purchases.
",en,"February 16, 2023 at 08:30 AM",https://images.globest.com/contrib/content/uploads/sites/296/2023/02/Image_-Adobe-Stock-Article-202302160816.jpg,"Q4 saw the biggest slump since the pandemic, according to Redfin.","[
{
""name"":""Paul Bergeron"",
""nameRaw"":""Paul Bergeron""
}
]",0.96108097,2023-02-18T00:00:00Z
Is Unibail Changing Its Mind About Dumping US Malls?,https://www.globest.com/2022/12/15/is-unibail-changing-its-mind-about-dumping-us-malls/?slreturn=20221119114439,https://www.globest.com/2022/12/15/is-unibail-changing-its-mind-about-dumping-us-malls/,2022-12-15T08:32:00,"Unibail-Rodamco-Westfield has unveiled another big-ticket redevelopment for one its US malls, a $100M project that will transform the Old Orchard mall in Skokie, IL into a “live/work/play” mixed-use community.
URW, the largest mall owner in Europe, is following the same playbook it is using to renovate the 63-year-old Garden State Plaza in Paramus, NJ, adding residential units to the venerable NJ landmark.","
Unibail-Rodamco-Westfield has unveiled another big-ticket redevelopment for one its US malls, a $100M project that will transform the Old Orchard mall in Skokie, IL into a “live/work/play” mixed-use community.
URW, the largest mall owner in Europe, is following the same playbook it is using to renovate the 63-year-old Garden State Plaza in Paramus, NJ, adding residential units to the venerable NJ landmark.
",en,"December 15, 2022 at 08:32 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/09/Shopping-Mall-Article-202209081722.jpg,Euro mall giant commits to $100M live/work/play redevelopment of Chicago mall.,"[
{
""name"":""Jack Rogers"",
""nameRaw"":""Jack Rogers""
}
]",0.91911113,2022-12-19T00:00:00Z
Balance Sheet Lenders Take on Debt Funds Amid Rising Rates,https://www.globest.com/2023/02/10/balance-sheet-lenders-take-on-debt-funds-amid-rising-rates/?slreturn=20230113074509,https://www.globest.com/2023/02/10/balance-sheet-lenders-take-on-debt-funds-amid-rising-rates/,2023-02-10T08:41:00,"Traditionally, a borrower would tap a balance sheet lender because of its ability to lend quickly and quite likely to build a relationship with the institution. If they wanted the best deal, though, they would go to a debt fund.
Now, with interest rates on the rise and because of the way these entities manage their own capital sources, the costs have become comparable, says one balance sheet lender. “We are more competitive than we have ever been,” says Scott Larson, managing principal of Pangea Mortgage Capital.","
Traditionally, a borrower would tap a balance sheet lender because of its ability to lend quickly and quite likely to build a relationship with the institution. If they wanted the best deal, though, they would go to a debt fund.
Now, with interest rates on the rise and because of the way these entities manage their own capital sources, the costs have become comparable, says one balance sheet lender. “We are more competitive than we have ever been,” says Scott Larson, managing principal of Pangea Mortgage Capital.
",en,"February 10, 2023 at 08:41 AM",https://images.globest.com/contrib/content/uploads/sites/304/2021/06/arm-wrestling-Article-202106040745.jpg,Debt funds were traditionally the more economical choice but not in this environment. ,"[
{
""name"":""Erika Morphy"",
""nameRaw"":""Erika Morphy""
}
]",0.93518704,2023-02-13T00:00:00Z
Big Tech Wants to Crack Down on Remote Employees,https://www.globest.com/sbm-gbst/2022/12/20/big-tech-wants-to-crack-down-on-remote-employees/?slreturn=20221123141501,https://www.globest.com/2022/12/20/big-tech-wants-to-crack-down-on-remote-employees/,2022-12-20T08:31:00,"It wasn’t long ago — February 2021, in fact — that Brent Hyder, president and chief people officer at Salesforce declared, “An immersive workspace is no longer limited to a desk in our Towers; the 9-to-5 workday is dead; and the employee experience is about more than ping-pong tables and snacks.”
Yeah, about that, co-CEO Marc Benioff said in an internal message to staff that the newest employees aren’t productive enough. “Are we not building tribal knowledge with new employees without an office culture?” he said in a message viewed by CNBC. Even with attempts at humor — Benioff reportedly phrased it as “asking for a friend” and added a smiley face with a halo — this type of message from a CEO typically, and generally with good reason, would be received by employees as disapproval of where things have gone.","
It wasn’t long ago — February 2021, in fact — that Brent Hyder, president and chief people officer at Salesforce declared, “An immersive workspace is no longer limited to a desk in our Towers; the 9-to-5 workday is dead; and the employee experience is about more than ping-pong tables and snacks.”
Yeah, about that, co-CEO Marc Benioff said in an internal message to staff that the newest employees aren’t productive enough. “Are we not building tribal knowledge with new employees without an office culture?” he said in a message viewed by CNBC. Even with attempts at humor — Benioff reportedly phrased it as “asking for a friend” and added a smiley face with a halo — this type of message from a CEO typically, and generally with good reason, would be received by employees as disapproval of where things have gone.
",en,"December 20, 2022 at 08:31 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/12/Salesforce-Article-202212200828.jpg,But there have been significant problems and resistance from the ranks.,"[
{
""name"":""Erik Sherman"",
""nameRaw"":""Erik Sherman""
}
]",0.9275878,2022-12-23T00:00:00Z
JLL’s John Gates on What He's Learned About Hybrid and Offices,https://www.globest.com/2023/01/25/jlls-john-gates-on-what-hes-learned-about-hybrid-and-offices/?slreturn=20230028084430,https://www.globest.com/2023/01/25/jlls-john-gates-on-what-hes-learned-about-hybrid-and-offices/,2023-01-25T08:15:00,"As companies try to navigate the hybrid work model and their office space needs, it’s been a case of executives and employees trying to find their way and a new balance. The pandemic seems to be slowing — although on January 23 there was a running daily average of 46,418 cases and 36,650 hospitalized, according to the New York Times, and the CDC still lists Covid-19 and the third leading cause of death in the US.
Many companies are pushing to get workers back into the office. But according to a new survey from American Staffing Association and Harris Poll, only 48% of workers work completely in person in corporate offices, while 28% are hybrid and 24% are fully remote. A majority of them are out of the office at least part of the time if not all.","
As companies try to navigate the hybrid work model and their office space needs, it’s been a case of executives and employees trying to find their way and a new balance. The pandemic seems to be slowing — although on January 23 there was a running daily average of 46,418 cases and 36,650 hospitalized, according to the New York Times, and the CDC still lists Covid-19 and the third leading cause of death in the US.
Many companies are pushing to get workers back into the office. But according to a new survey from American Staffing Association and Harris Poll, only 48% of workers work completely in person in corporate offices, while 28% are hybrid and 24% are fully remote. A majority of them are out of the office at least part of the time if not all.
",en,"January 25, 2023 at 08:15 AM",https://images.globest.com/contrib/content/uploads/sites/296/2023/01/Hybrid-work-Article-202301250830.jpg,"Hybrid is in broad use, but that doesn’t necessarily mean companies can have less space.","[
{
""name"":""Erik Sherman"",
""nameRaw"":""Erik Sherman""
}
]",0.92141354,2023-01-28T00:00:00Z
Veritas Defaults on $448M CMBS Loan for San Francisco Portfolio,https://www.globest.com/2023/01/25/veritas-defaults-on-448m-cmbs-loan-for-san-francisco-portfolio/?slreturn=20230026003437,https://www.globest.com/2023/01/25/veritas-defaults-on-448m-cmbs-loan-for-san-francisco-portfolio/,2023-01-25T08:17:00,"The largest apartment owner in San Francisco has defaulted on a $448M CMBS loan secured by 62 properties encompassing more than 1,700 apartments in the city.
A joint venture of San Francisco-based Veritas Investments and hedge fund Baupost Group, based in Boston, failed to repay the loan—a cross-collateralized, SASB package known as the Veritas Multifamily Portfolio Pool—when it matured on Nov. 15.","
The largest apartment owner in San Francisco has defaulted on a $448M CMBS loan secured by 62 properties encompassing more than 1,700 apartments in the city.
A joint venture of San Francisco-based Veritas Investments and hedge fund Baupost Group, based in Boston, failed to repay the loan—a cross-collateralized, SASB package known as the Veritas Multifamily Portfolio Pool—when it matured on Nov. 15.
",en,"January 25, 2023 at 08:17 AM",https://images.globest.com/contrib/content/uploads/sites/296/2020/07/San-Francisco-Oakland-Bay-Bridge-resize.jpg,"The ownership group aims to recapitalize 62 properties encompassing 1,700 apartments.","[
{
""name"":""Jack Rogers"",
""nameRaw"":""Jack Rogers""
}
]",0.92976254,2023-01-26T00:00:00Z
Warehouses Boom on Border as Manufacturing Moves to Mexico,https://www.globest.com/2023/02/10/warehouses-boom-on-border-as-manufacturing-moves-to-mexico/?slreturn=20230117231450,https://www.globest.com/2023/02/10/warehouses-boom-on-border-as-manufacturing-moves-to-mexico/,2023-02-10T08:29:00,"The surge of migrants crossing the US border with Mexico and arriving in cities like New York has grabbed all the headlines—including recent news that migrants in NYC are asking for winter coats and bus tickets to Canada, which is welcoming new immigrants as an expansion of its labor force—but a surge in logistics facilities in towns on the southern border with Mexico is a long-term trend that will have a much larger impact on the US economy.
In fact, it’s not a stretch to suggest that both of these trends might intersect in the near-future: with many migrants returning to—or staying near—the Mexican border to help fill the growing number of warehouse jobs that are being created in cities like Laredo, El Paso and San Diego, as well as Tijuana and Tucson, facilities that will need a growing workforce for years to come as labor shortages are expected to persist.","
The surge of migrants crossing the US border with Mexico and arriving in cities like New York has grabbed all the headlines—including recent news that migrants in NYC are asking for winter coats and bus tickets to Canada, which is welcoming new immigrants as an expansion of its labor force—but a surge in logistics facilities in towns on the southern border with Mexico is a long-term trend that will have a much larger impact on the US economy.
In fact, it’s not a stretch to suggest that both of these trends might intersect in the near-future: with many migrants returning to—or staying near—the Mexican border to help fill the growing number of warehouse jobs that are being created in cities like Laredo, El Paso and San Diego, as well as Tijuana and Tucson, facilities that will need a growing workforce for years to come as labor shortages are expected to persist.
",en,"February 10, 2023 at 08:29 AM",https://images.globest.com/contrib/content/uploads/sites/296/2019/09/FACTORY-2.gif,"Industrial projects surge in El Paso, Laredo, San Diego as Asia supply chains relocate to Mexico.","[
{
""name"":""Jack Rogers"",
""nameRaw"":""Jack Rogers""
}
]",0.9289786999999999,2023-02-18T00:00:00Z
Miami-Dade Approves 378-Acre Development in Everglades,https://www.globest.com/2022/11/17/miami-dade-approves-378-acre-development-in-everglades/?slreturn=20221022230632,https://www.globest.com/2022/11/17/miami-dade-approves-378-acre-development-in-everglades/,2022-11-17T06:44:00,"Miami-Dade County has approved the South Dade Logistics and Technical District, a 378-acre megaproject that will encompass 5.9M SF of industrial, office and retail space.
County commissioners voted this week to override Miami-Dade Mayor Daniella Levine Cava’s veto of the controversial project, which is located outside of the Urban Development Boundary (UDB) of south Miami-Dade.","
Miami-Dade County has approved the South Dade Logistics and Technical District, a 378-acre megaproject that will encompass 5.9M SF of industrial, office and retail space.
County commissioners voted this week to override Miami-Dade Mayor Daniella Levine Cava’s veto of the controversial project, which is located outside of the Urban Development Boundary (UDB) of south Miami-Dade.
",en,"November 17, 2022 at 06:44 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/11/Everglades-National-Park-Article-202211170844.jpg,Commissioners override mayor's veto of South Dade Logistics and Tech District.,"[
{
""name"":""Jack Rogers"",
""nameRaw"":""Jack Rogers""
}
]",0.9086909999999999,2022-11-23T00:00:00Z
Fed Reports Tighter Standards and Weaker Demand for CRE Loans,https://www.globest.com/2023/02/09/fed-reports-tighter-standards-and-weaker-demand-for-cre-loans/?slreturn=20230113005300,https://www.globest.com/2023/02/09/fed-reports-tighter-standards-and-weaker-demand-for-cre-loans/,2023-02-09T08:26:00,"The January 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices from the Federal Reserve has the type of headline results for commercial real estate lending that you might expect: tighter standards and weaker demands across all CRE loan categories.
Those in the industry have reported slowing demand, higher financing costs, tightening standards, and lower leverage for months now. This is a look from the other side.","
The January 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices from the Federal Reserve has the type of headline results for commercial real estate lending that you might expect: tighter standards and weaker demands across all CRE loan categories.
Those in the industry have reported slowing demand, higher financing costs, tightening standards, and lower leverage for months now. This is a look from the other side.
",en,"February 09, 2023 at 08:26 AM",https://images.globest.com/contrib/content/uploads/sites/296/2021/06/Money.jpg,The fourth quarter was a tough one according to the latest survey on bank lending practices.,"[
{
""name"":""Erik Sherman"",
""nameRaw"":""Erik Sherman""
}
]",0.9461744,2023-02-13T00:00:00Z
Housing Data Suggests a 'Freeze' in the Real Estate Market,https://www.globest.com/sbm-gbst/2022/12/27/housing-data-suggests-a-freeze-in-the-real-estate-market/?slreturn=20221130094609,https://www.globest.com/2022/12/27/housing-data-suggests-a-freeze-in-the-real-estate-market/,2022-12-27T07:01:00,"Last week’s released housing data reflects a freeze in the real estate market, according to Patrick Carroll, CEO and founder, CARROLL Company.
November’s U.S. housing starts data is continuing to decline and signals how 2022’s surge in mortgage rates has suppressed buyer demand – along with increases in building materials and labor construction shortages, Carroll tells GlobeSt.com.","
Last week’s released housing data reflects a freeze in the real estate market, according to Patrick Carroll, CEO and founder, CARROLL Company.
November’s U.S. housing starts data is continuing to decline and signals how 2022’s surge in mortgage rates has suppressed buyer demand – along with increases in building materials and labor construction shortages, Carroll tells GlobeSt.com.
",en,"December 27, 2022 at 07:01 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/01/Home-For-Sale-1.jpg,"Atlanta, Dallas, Tampa undervalued markets; watch out for distressed properties.
","[
{
""name"":""Paul Bergeron"",
""nameRaw"":""Paul Bergeron""
}
]",0.9094757,2022-12-30T00:00:00Z
Ontario Picking Industrial Mega-Sites to Pitch to Investors,https://www.globest.com/2023/02/09/ontario-picking-industrial-mega-sites-to-pitch-to-investors/?slreturn=20230117044622,https://www.globest.com/2023/02/09/ontario-picking-industrial-mega-sites-to-pitch-to-investors/,2023-02-09T16:30:00,"Ontario’s provincial government is conducting an inventory of land tracts that could accommodate large-scale manufacturing, which will be evaluated for government support modeled after state economic development programs in the US.
The government has asked property owners and developer to submit proposals for properties ranging from 500 acres to 1,500 acres by July 31 of this year.","
Ontario’s provincial government is conducting an inventory of land tracts that could accommodate large-scale manufacturing, which will be evaluated for government support modeled after state economic development programs in the US.
The government has asked property owners and developer to submit proposals for properties ranging from 500 acres to 1,500 acres by July 31 of this year.
",en,"February 09, 2023 at 04:30 PM",https://images.globest.com/contrib/content/uploads/sites/296/2022/12/Forklift-warehouse-Article-202212050803.jpg,"Newmark's board member on US-based Site Selectors Guild to guide province's evaluations.
","[
{
""name"":""Jack Rogers"",
""nameRaw"":""Jack Rogers""
}
]",0.9494427,2023-02-17T00:00:00Z
Redwood City Approves Development of Transit District,https://www.globest.com/2022/12/05/redwood-city-approves-development-of-transit-district/?slreturn=20221106055441,https://www.globest.com/2022/12/05/redwood-city-approves-development-of-transit-district/,2022-12-05T06:48:00,"Redwood City has approved a project to transform the Caltrain station into a mixed-use transit district in a unanimous vote of the city council.
The transformative project at the Sequoia Station will redevelop an area now occupied by a strip mall into a vibrant, walkable section of Redwood’s revitalized downtown that will include new apartments, hotels, retail shops and office space.","
Redwood City has approved a project to transform the Caltrain station into a mixed-use transit district in a unanimous vote of the city council.
The transformative project at the Sequoia Station will redevelop an area now occupied by a strip mall into a vibrant, walkable section of Redwood’s revitalized downtown that will include new apartments, hotels, retail shops and office space.
",en,"December 05, 2022 at 06:48 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/08/thumb-up-Article-202208190848.jpg,"Strip mall next to Sequoia Station to be replaced with apartments, hotel, offices.","[
{
""name"":""Jack Rogers"",
""nameRaw"":""Jack Rogers""
}
]",0.90612304,2022-12-06T00:00:00Z
Morgan Stanley Buys Menlo Park MOB for $68M,https://www.globest.com/2023/01/13/morgan-stanley-buys-menlo-park-mob-for-68m/?slreturn=20230017193438,https://www.globest.com/2023/01/13/morgan-stanley-buys-menlo-park-mob-for-68m/,2023-01-13T15:37:00,"Pollack Financial Group has sold a 44,719-square-foot building in Menlo Park, California to Morgan Stanley for $68 million. The property is fully occupied, home to Menlo Medical Clinic, a partner with Stanford Health Care.
The property, located at 321 Middlefield Road, is within a 10-minute drive from Stanford Hospital, the only Level-1 Trauma Center on the San Francisco Peninsula. Stanford Hospital offers 605 licensed beds and 101 licensed ICU beds.","
Pollack Financial Group has sold a 44,719-square-foot building in Menlo Park, California to Morgan Stanley for $68 million. The property is fully occupied, home to Menlo Medical Clinic, a partner with Stanford Health Care.
The property, located at 321 Middlefield Road, is within a 10-minute drive from Stanford Hospital, the only Level-1 Trauma Center on the San Francisco Peninsula. Stanford Hospital offers 605 licensed beds and 101 licensed ICU beds.
",en,"January 13, 2023 at 03:37 PM",https://images.globest.com/contrib/content/uploads/sites/296/2023/01/menlo-park-resize.jpg,"Pollack Financial Group has sold a 44,719-square-foot building.","[
{
""name"":""David Hoffman"",
""nameRaw"":""David Hoffman""
}
]",0.94672066,2023-01-18T00:00:00Z
Multifamily Expectations Gap Put a Tight Fist Around Activity,https://www.globest.com/2023/02/02/multifamily-expectations-gap-put-a-tight-fist-around-activity/?slreturn=20230104014456,https://www.globest.com/2023/02/02/multifamily-expectations-gap-put-a-tight-fist-around-activity/,2023-02-02T08:29:00,"If the theme entering 2023 has been uncertainty with a heavy dose of unrealistic expectations, circumstances in the multifamily market has embraced it. Marcus & Millichap’s 2023 Multifamily National Investment Forecast makes it forcefully and mathematically clear.
There currently is tension between buyers and sellers giving rise to transaction gaps that go back to far before the opening of the pandemic, which only drove some trends much higher.","
If the theme entering 2023 has been uncertainty with a heavy dose of unrealistic expectations, circumstances in the multifamily market has embraced it. Marcus & Millichap’s 2023 Multifamily National Investment Forecast makes it forcefully and mathematically clear.
There currently is tension between buyers and sellers giving rise to transaction gaps that go back to far before the opening of the pandemic, which only drove some trends much higher.
",en,"February 02, 2023 at 08:29 AM",https://images.globest.com/contrib/content/uploads/sites/296/2021/10/Modern-Apartment-Building.jpg,Investors look at outliers and tertiary markets.,"[
{
""name"":""Erik Sherman"",
""nameRaw"":""Erik Sherman""
}
]",0.9501634,2023-02-04T00:00:00Z
Rising Cost of Capital Squeezing Multifamily Cap Rates,https://www.globest.com/2022/10/21/rising-cost-of-capital-squeezing-multifamily-cap-rates/?slreturn=20220921134636,https://www.globest.com/2022/10/21/rising-cost-of-capital-squeezing-multifamily-cap-rates/,2022-10-21T08:26:00,"The increasing cost of capital is squeezing multifamily cap rates, which have been on a steady decline throughout the course of the pandemic.
According to a new analysis from Moody’s Analytics, that will ultimately pressure property values in the sector — and “without continued unprecedented rent growth, the darling multifamily asset class likely carries the most risk of value decline while the benchmark US Treasury rate is on the rise,” analysts say.","
The increasing cost of capital is squeezing multifamily cap rates, which have been on a steady decline throughout the course of the pandemic.
According to a new analysis from Moody’s Analytics, that will ultimately pressure property values in the sector — and “without continued unprecedented rent growth, the darling multifamily asset class likely carries the most risk of value decline while the benchmark US Treasury rate is on the rise,” analysts say.
",en,"October 21, 2022 at 08:26 AM",https://images.globest.com/contrib/content/uploads/sites/296/2022/09/sign-percent-on-wooden-table-Article-202209281728.jpg,Increasing cost of capital and mounting concerns about ex-ante exit cap rates will ultimately drive buyers’ bids lower.,"[
{
""name"":""Lynn Pollack"",
""nameRaw"":""Lynn Pollack""
}
]",0.93002564,2022-10-21T00:00:00Z