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:
Economy Watch: Global CRE investment forecast for growth in ’17, By Dees Stribling, Multi-Housing News
Key Excerpt:
“In fact, global investment volumes are forecast to rise to about $700 billion this year, up from $650 in 2016, and roughly in line with investment levels experienced in 2014 and 2015, which were strong years worldwide. Some U.S. investment markets will be especially strong.”
Equity funds enter 2017 with more money than ever but fewer low-risk investment options, By Mark Heschmeyer, CoStar
Key Excerpt:
“Private equity funds have entered the new year with record amounts of dry powder to deploy into commercial real estate. The problem is the large amount of money is available to spend at the same time they have gotten pickier about which properties and markets in which to invest. The total level of capital available to fund managers has been climbing over recent years, from a low of $136 billion at the end of 2012 to $237 billion at the start of this year, according to Preqin, a leading source of data and intelligence on the private equity industry.”
Projected CMBS issuance for 2017 under $80 billion, By Diana Bell, NREIOnline.com
Key Excerpt:
“Issuance is expected to be up from last year, with multiple experts forecasting approximately $75 billion in 2017. The anticipated figure reflects an increase from 2016, which saw about $60 billion in issuance, but is down from 2015’s volume of $90 billion.”
REITs ramp up year-end buying activity, By Mark Heschmeyer, CoStar
Key Excerpt:
“Based on preliminary December sales totals, CoStar COMPs is already showing REITs buying more than $9.1 billion of property in December 2016, 30 percent more than $6.94 billion REITs bought in the same month in 2015.”
Proposed $400 million Buckhead project gets boost, By Doug Sams, Atlanta Business Chronicle
Key Excerpt:
“The office, retail and multifamily project would rise on four acres (3354 and 3356 Peachtree Road) beside the Buckhead MARTA station and pedestrian bridge. The site would also stand on the proposed PARK400, a half-mile long park over Georgia 400 that would add much-needed open spaces along Lenox and Peachtree roads.”