December 21, 2016


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:

REIT CEOs Look Ahead to 2017, By Sarah Borchersen-Keto,

Key Excerpt:

“REIT CEOs shared their perspectives on the outlook for 2017 during a series of video interviews held at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT.”

No Surprise as Fed Raises Key Interest Rate, but Hike Still Sends Shiver Through REIT Sector, By Randyl Drummer, CoStar

Key Excerpt:

“As U.S. Treasury yields have increased, REITs have sold off since their September peak. Total returns for the FTSE/NAREIT All REIT Index dropped 2 percent in November, compared with a 3.7 percent gain for the S&P 500 as the Trump rally kicked into high gear. Equity REITs fared even worse, with the FTSE/NAREIT All Equity Index falling 2.4 percent last month.”

Three Up-and-Coming Condo Trends, By Jennifer Goodman, Multifamily Executive 

Key Excerpt:

“Buyers are not just looking for a unit but a lifestyle, says San Diego designer Jules Wilson, who sees three new trends among her condominium clients.”

After Years of Steady Job Growth, Office Sector May Be Looking at Slowdown, By Diana Bell,

Key Excerpt:

“Currently, the national office market looks strong. In 2016, office space absorption exceeded the delivery of new supply and the national vacancy rate dropped 40 basis points to 14.4 percent, according to Pontius. Similarly, data from real estate services firm CMBS estimates the national vacancy rate for the office market at 13.0 percent. In 2017, vacancy will likely drop another 20 basis points, Pontius notes, and absorption will once again outpace new supply.”

Third & Urban, Trillium Management to Redevelop Property Along Atlanta BeltLine’s Eastside Trail, Shopping Center Business

Key Excerpt: 

“The 85,000-square-foot asset is situated along the Atlanta BeltLine’s Eastside Trail and currently houses Two Urban Licks. Third & Urban and Trillium have signed a lease with a partnership between Mitch Steele, Carey Falcone and Bob Powers for a 20,000-square-foot brewery and restaurant that will include a BeltLine-facing biergarten and a rooftop bar. Steele is the former brewmaster at Stone Brewing, a brewery headquartered in Southern California.”

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