Each Wednesday, The Wrap presents a compilation of recent noteworthy commercial real estate stories from a variety of publications. Below are links to five stories that caught our eyes in recent days:
Growth predicted for commercial mortgage lending in 2017, By Orest Mandzy, Urban Land Institute
Key Excerpt:
“The MBA is forecasting $515 billion of lending activity for this year, which would top the origination record of $508 billion set in 2007. A total of $267 billion of this year’s expected volume would be composed of multifamily loans. The housing finance agencies have been on a successful streak, with Fannie Mae writing $55.3 billion in loans and Freddie Mac writing $56.8 billion. While both are subject to origination caps by their regulator, they are able to exceed those caps when they write loans against affordable housing.”
Industry outlook for shopping centers, By Ron Nyren, Urban Land Institute
Key Excerpt:
“Millennials enjoy retail and entertainment-related uses in close proximity to where they live. Health and wellness uses are also important. That can mean a grocery store with quality produce and health-oriented food, or restaurants geared more toward healthy living. Millennials expect to be able to shop moving seamlessly between bricks-and-mortar and ecommerce. Ultimately all shoppers will expect this. Millennials and members of every generation also want open space.”
WELL-come to the future of healthy buildings, By Leah Demirjian, Multifamily Executive
Key Excerpt:
“The third-party certification—administered by the International WELL Building Institute (IWBI) in collaboration with the Green Building Certification Institute—focuses on seven concepts that promote a holistic approach to a healthy lifestyle: air, mind, water, nourishment, light, fitness, and comfort.”
Office, retail, apartments, hotels planned for former Atlanta Braves stadium, By Jarred Schenke, Bisnow
Key Excerpt:
“Georgia State University and its JV development partners have offered a few more details on the planned redevelopment of Turner Field and the surrounding property in a development of regional impact filing with the Georgia Department of Community Affairs. Aside for being home to GSU’s football and baseball teams, the project could encompass 1.5M square feet of office, 700k square feet of commercial/retail space, 2,750 apartment units, 50 single-family houses and 625 hotel rooms, according to DRI filings by GSU’s development partner, Atlanta-based Carter.”
Hanover pumping more than 1,700 units into Atlanta, By Jarred Schenke, Bisnow
Key Excerpt:
“Houston-based Hanover Co. has five apartment projects under construction in the metro region at a time when developers are pushing forth in excess of 11,000 units. ‘That doesn’t scare us. We’re big believers in Atlanta,’ Hanover partner Adam Harbin told our audience during Bisnow’s Buckhead Update event on Feb. 22.”