Commercial Real Estate News for Thursday, Jan. 12

Good afternoon. Today, the commercial real estate news includes the likely growth of industrial properties in 2017, planning for succession in a family business and a new hire at CBRE South Florida.

US Commercial Real Estate Executives Bet Big on Industrial for 2017

Feeling inspired by the incoming Trump administration, commercial real estate executives are bullish about industrial properties in 2017. Other hot sectors included stable, consistent multifamily properties and infrastructure projects.

Six Things Family-Owned Real Estate Firms Should Know About Succession Planning

There’s a lot details that go into the succession planning for a family owned commercial real estate firm. To help you in the long process, NREIonline has laid out how to do it effectively.

CBRE Hires South Florida Market Leader from Related Group

CBRE has hired Arden Karson for the position of senior managing director in its South Florida offices. Originally from Related Group, the nation’s largest condominium developer, Karson will work to strengthen CBRE’s position in the market even further.

Commercial Real Estate News for Wednesday, Jan. 11

Lots of news in the commercial real estate world today. Find out about it all with these four articles detailing CBRE’s acquisition of Floored, the heightened apartment activity in Orange County, the home of George Lucas’ museum, and trends in foreign investments.

CBRE Acquires Floored: Real Estate Tech Poised For A Big 2017

The largest commercial real estate company in the world has acquired a tech start-up that focuses on interactive 3D imaging. It’s likely CBRE will use Floored’s technology to present clients with highly detailed walkthroughs of their proposed projects.

 In 2016, permits for apartments in Orange County were requested at over double the rate they were in 2015. The article goes on to highlight some of the larger apartment projects in the area.

 The Force Is With L.A: Exposition Park Tapped as Home to $1 Billion George Lucas Museum

Los Angeles has been selected over San Francisco and Chicago as the city to host George Lucas’ $1 billion, 275,000-square-foot museum. The project is expected to create thousands of jobs, both in construction and permanently.

Industrial Overtakes Multifamily as Foreign Investors’ Most Preferred Asset Type

Despite the headline, the articles presents a wide overview of foreign investor’s feelings on American commercial real estate. New York and Los Angeles top the list of favorite cities to invest in. Overseas investors are more pessimistic about the future than they were in 2015. And industrial property overtakes Multifamily as their preferred property type.

Commercial Real Estate News for Tuesday, Jan. 10

Good afternoon. Read these three articles on commercial real estate detailing the relations between demographics and apartments, the state of the Denver commercial real estate market, and a medical REIT’s plan for 2017.

How Demographic Changes Have Impacted the Apartment Market and How They Have Not

The real estate crash of ’08 saw a dramatic rise in non-family households, a good deal for apartment owners. However, city demographics point to a handful of other ways occupancy rates may be explained.

Denver Office Market has ‘Cloudy Horizon,’ but Economy ‘Thrives’

Growth in the technology, healthcare and business sectors forecast a strong economy for Denver, but the commercial real estate market may take a while to catch-up. Construction on office space has slowed down considerably while the market absorbs excess supply.

Medical Office REIT Healthcare Trust Expects to be Active in Acquisitions in 2017

Robert Milligan, CFO of Healthcare Trust of America, noted “tremendous tailwinds” in the healthcare sector due to an aging populace and interest in affordable outpatient centers. Healthcare Trust of America made approximately $700 million in acquisitions last year. Milligan predicts the company will continue to acquire assets in burgeoning markets.

Commercial Real Estate News for Friday, Jan. 6

Happy Friday! Before you check out for the weekend, check out these three commercial real estate articles on hedging inflation, ACRE stock prices and a retail center in Sacramento.

How Commercial Real Estate Can Serve As A Potential Hedge Against Unexpected Inflation

An in-depth blog post on how you can use commercial real estate to stave off rising inflation. For one, your projected income for a building already accounts for some inflation. And as a physical object, your building gains more value as the materials it took to originally create it get more expensive for new projects.

Zacks Investment Research Downgrades Ares Commercial Real Estate Corporation (ACRE) to Sell

Several research firms have issued reports on the state of Ares Commercial Real Estate Corporation’s stocks. While there are many conflicting analyses, the consensus at the moment remains at “Hold,” with a targeted stock price of $13.54.

Delayed South Sac Retail Center Looking for More Time

An already delayed commercial real estate project in Sacramento is seeking a five-year entitlement extension from city officials. The 1.49 acre retail center is own by the Anwar family, who said they remain hopeful building can begin within the next year or two.

 

Commercial Real Estate News for Thursday, Jan. 5

We’ve gathered up three commercial real estate articles for you today. Read below to discover more about the developers behind the Macy’s purchase, a $15 million mall renovation and Gov. Cuomo’s plans for Buffalo.

Buyer of Downtown Macy’s has an Eye for Iconic Buildings

The flagship Macy’s building in Minneapolis has been purchased by New York developer 601W Cos. While their plans for the building are still a mystery, they have a history with iconic commercial real estate.

North Alabama Shopping Center to Receive $15M Upgrade

Florence Square, a 226,886-square-foot shopping center in Florence, is set to receive nearly $15 million in upcoming renovations. One old building will be demolished, while two new ones are raised in its place. Tenants already include PetSmart and Academy Sports + Outdoors.

 Demolition Work First Visible Sign of Northland Progress

A Buffalo redevelopment initiative imagined up by Gov. Andrew Cuomo will show its first signs in the coming weeks. A long abandoned manufacturing plant will be torn down to make room for a training facility for those hoping into enter the tech sector.

Commercial Real Estate News for Wednesday, Jan. 4

Good afternoon. We’ve collected three articles on commercial real estate for you to peruse on your lunch break. They detail a survey conducted among optimistic commercial investors, the top cities for foreign investors and a reason to be cautious in the office property market.

Real Capital Markets: Investors Still Sweet on Commercial Real Estate

Commercial real estate looks like it will continue to be an investment magnet in 2017. According to a survey conducted by Real Capital Markets last Novemeber, 70 percent of investors had their sights set on buying. The hottest properties were multifamily, followed by industrial, then retail and office.

Houston Slips Off Radar of Foreign Investors in Commercial Real Estate

Houston has lost some of its mojo since 2015 when it placed #3 on the Association of Foreign Investors in Real Estate’s list of best US cities for commercial investment. In the years following, it has failed to make the list again. This year’s list included New York, Los Angeles, Boston, Seattle, and San Francisco.

Caution On Commercial Real Estate

A more skittish take on the commercial real estate sector than the first article today would you have believe. A number of office property brokers comment on the plateau the industry appeared to reach in mid-2016. They caution investors against oversupplying a slowing market.

Commercial Real Estate News for Tuesday, Jan. 3

Welcome to 2017! Check out these two commercial real estate articles — the first is a look back on 2016, the second is a look forward to hospitality real estate in 2017.

2016 Another Banner Year for Commercial Real Estate

Hard to believe another year has gone by. This is a look back on the top ten commercial real estate stories of 2016 as voted on by CoStar readers.w

As Good as it Gets? Peaking Hospitality Sector Facing Mixed Outlook from Rising Supply, Growing Influence of Airbnb

After achieving an all-time high occupancy rate of 65.4 percent in 2016, the lodging sector is likely to contract slightly this upcoming year. Experts say factors like AirBnb, Brexit, and low activity in the energy sector may all negatively impact the hospitality sector in 2017.

Commercial Real Estate News for Tuesday, Dec. 27

Welcome back, we hope you had a wonderful holiday weekend! Enjoy these three articles on the state of the Brazil’s commercial real estate, a new retail company focused on tech and a review of Jacksonville’s largest office property sales.

Brazil Commercial Real Estate Prices and Lease Values Fall in Nov.

Brazil’s commercial real estate market continues to contract in the midst of the country’s recession. In November, commercial property prices dropped 0.45 percent, for a total of 3.18 percent year-to-date.

Unusual Retail Concept Puts New Spin on Tech Retailing

A retail start-up is looking at new ways to boost tech start-ups. b8ta allows shoppers to test out the newest gadgets in an hands-on environment.  Beginning in Palo Alto, they’ve since expanded to the Santa Monica and Seattle markets.

2016 in Review: Office Transactions and Leases

As the year comes to a close, BizJournals looks back on the largest office property sales in Jacksonville. Highlights in the commercial real estate market include a $195 million sale in Deerwood Park and the $54.3 million sale of The Ameris Tower.

Commercial Real Estate News for Friday, Dec. 23

Happy holidays from us at RealLaunch! Before you escape for the weekend, check out these two commercial real estate articles on foreign investments and drones.

Chinese Money Moving to US Commercial Property

The prediction of a strong dollar and a stagnant Chinese economy has many overseas investors looking to US commercial real state. “[The US real estate market is] at much lower risk at this stage of recovery than we’ve seen in the past,” said Hessam Nadji, president and chief executive at commercial real estate firm Marcus and Millichap.

How Drones Will Affect Commercial Real Estate

The future is here! How will it affect commercial real estate? This article explore how drones will impact air space and the property rights associated with them.

 

 

Commercial Real Estate News for Thursday, Dec. 22

Good morning! Enjoy these three articles on the top commercial real estate sales of 2016, the market outlook for 2017 and a list of essential people on your real estate team.

Late-Breaking Deal Yields Update to Triad’s Top Commercial Real Estate Sales of 2016

BizJournals highlights the 11 largest commercial real estate sales of 2016. There are the expected large retail lots and medical offices, but surprisingly, charter schools make the list—twice!

Improving Economy Brightens Outlook for Commercial Real Estate

The National Association of Realtors is optimistic about commercial real estate in 2017. Retail property vacancies are expected to lower by 0.2 percent, while personal incomes and consumer spending rise.

Who Should be on a Commercial Real Estate Team?

A very brief breakdown on the roles you should have filled on your commercial real estate team. An even shorter breakdown: a commercial broker, a mortgage broker, a lawyer and an accountant.