Good morning! We hope the weather is nicer where you are than where we are. Below you’ll find six articles on commercial real estate covering everything from specific city investment news to the impact of the presidential election on property types.
Chesser Group, a California based real estate conglomerate, has sold their Crystal Tree property in Palm Beach to Black Lion Investment Group for $14 million. The space was attractive to the investors due to the high numbers of surrounding luxury condos but relative lack of retail property.
A list of recent commercial real estate deals in the Memphis area. Useful information for any brokers or investors interested in Southwest Tennessee.
A good interview Greg Warsek, senior vice president and senior regional manager with the Chicago office of Associated Bank, where he discusses foreign investment money and its movement away from American coastlines and toward the center.
Andy Cates, president and CEO of brokerage services for Colliers International in Memphis, is optimistic about the city’s commercial real estate growth in 2017. Cates bases his enthusiasm on the heavy amount of construction in 2016 and the land capacity for even more projects as demand goes up.
While the number of CMBS loan maturities has been shrinking, research groups have estimated around $103 billion worth of loans still need refinancing. Office and retail spaces are facing the most pressure from this development.
Border cities are seeing a slowdown in office and industrial space leasing as the possibility of a Trump presidency looms large.