November 2, 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:

Fannie Mae, Freddie Mac Share of Multifamily Lending Market Shrinking in 2016, By Mark Heschmeyer, CoStar

Key Excerpt:

“While Fannie and Freddie combined still account for the largest share of multifamily loan acquisitions during the first half of this year, banks – including non-U.S. banks – made a big leap in market share during the first half of 2016, accounting for 38 percent of multifamily lending, up from 27 percent for all of 2015.”

Jamestown, Clarion Partners Acquire Westside Provisions District in Atlanta for $130 Million, Shopping Center Business

Key Excerpt:

“The development was acquired for $130 million, according to reports by the Atlanta Business Chronicle. The 261,742-square-foot development consists of two projects, White Provision and Westside Urban Market, which are connected via a pedestrian bridge. Situated in Atlanta’s popular West Midtown district off Howell Mill Road, Westside Provisions District features retail and loft office space that will be managed by the joint venture.”

Could Atlanta Motor Speedway Take the SunTrust Park Route, By Jarred Schenke, Bisnow

Key Excerpt:

“Could the owners of Atlanta Motor Speedway be looking to redevelop the property around the McDonough racetrack, à la the Atlanta Braves’ SunTrust Park? There was certainly a strong hint of that this week when Speedway Motorsports CEO Marcus Smith talked about the possibility at a number of the firm’s racetracks during a call with stock analysts.”

Finding the Right Strategies and Tactics is Key for Repositioning Retail, By Haisten Willis, REBusinessOnline

Key Excerpt:

“With an infusion of capital, some strategic restructuring and re-tenanting with regional and national brands, a moribund center or underwhelming site can be transformed. Understanding the strategies deployed to effectively identify, acquire, reposition and re-tenant retail is an essential prerequisite for any commercial real estate professional looking to get involved in the process.”

Sales of ‘Zombie’ Office Buildings Hit 10-Year High, By Mark Heschmeyer, CoStar 

Key Excerpt:

“Nationally, CoStar data counts 1,814 office buildings that are larger than 25,000 square feet and 90 percent or more empty. Office buildings delivered in 2015 and 2016, those which are still lease-up stage, were excluded.”

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