November 16, 2016

WEDNESDAY WRAP: NOVEMBER 16

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:

CoStar Doubles Terminus Presence, By Jarred Schenke, Bisnow

Key Except:

“CoStar Group is expanding into emptied suites in the 565k square foot  Buckhead tower that’s part of the larger Terminus complex at Peachtree and Piedmont roads. Permits filed with the City of Atlanta are scant on details other than CoStar plans little modification to the existing space. But a source familiar with the deal says the firm is expanding in Terminus 200 from 25k to 50k square feet.”

Commercial Multifamily Originations Up Two Percent from Last Year’s Pace, By Mark Heschmeyer, CoStar

Key Except:

“A rise in originations for industrial and multifamily led the overall increase in commercial/multifamily lending volumes when compared to the third quarter of 2015. The third quarter saw a 32 percent year-over-year increase in the dollar volume of loans for industrial properties, a 26 percent increase for multifamily properties.”

E-Commerce Demand Shifting Construction from Retail to Logistics, Boosts Absorption to Near-Record Levels, By Randyl Drummer, CoStar

Key Except:

In addition, e-commerce demand appears to be taking a bite out of the retail construction and shifting it to the logisitics sector. The 53 million square feet of new logistics space delivered by developers in the third quarter was the second-highest quarter on record. The large amount of new supply kept in balance with strong demand as logistics tenants absorbed 56 million square feet of warehouse and distribution buildings, according to CoStar’s recent Third Quarter 2016 Industrial Real Estate Review and Forecast.

Commercial Real Estate, Lending Standards Are Tightening, By Amey Stone, Barron’s

Key Except:

“Commercial real estate lending standards have tightened “appreciably” in recent quarters, finds Marketfield Asset Management’s Michael Shaoul in a new report Monday. He points out that October’s Senior Loan Officer Survey showed lending standards tougher to meet in the three categories of commercial real estate (CRE) — by 27.5 percent for land and development loans, 41 percent for multifamily and 18.8 percent for non-farm non-residential.”

What are the Advantages and Drawbacks of Real Estate Interval Funds? By John Snowden, NREIOnline

Key Except:

“The recent popularity of interval funds should not come as a surprise; these mutual funds offer retail investors access to institutional-grade real estate investments, such as commercial real estate credit, private real estate equity and private real estate debt, while typically requiring very low investment minimums. Most importantly, interval funds tend to offer excess returns when compared to their open-ended mutual fund cousins.”

 

Connect with us and experience the difference