News

Happy Friday! Before you head off to your weekend, read these commercial real estate articles covering projected CMBS issuance, the record number of skyscrapers erected last year and growing rent prices.

Projected CMBS Issuance for 2017 Under $80 Billion

Higher interest rates and more risk retention rules may bring up issuance in 2017. A number of firms have forecast approximately $75 billion in the coming year. The numbers sits between 2016’s $60 billion and 2015’s $90 billion.

More New Multimillion-Dollar Skyscrapers Rose in 2016 Than Any Other Year in History

Nearly 130 commercial buildings reaching over 655 feet or higher were erected in 2016, beating 2015’s record of 114. A whopping 84 percent were built in Asia, which remains the most populated area for skyscrapers.

Rent in December Soars to Highest Growth Since Start of Recession

Limited supply and growing demand pushed rent prices 4% higher in December, the highest rise in rates since the Recession. To learn more about how supply and demand affect the real market, read our piece on the commercial real estate cycle.

In today’s commercial real estate news: an update on the blossoming real estate sector in Asia, marijuana’s link to high lease price rates, and traps for first time investors to avoid.

Capturing Growth in Asia’s Property Management Frontier

A letter on Asia’s commercial real estate market from Michael Lanning, the president of the Institute of Real Estate Management. Asian markets are watching America’s business model closely, hoping to learn from it and adopt the best practices.

Marijuana Interest Driving Real Estate Deals

As marijuana is set to become legalized in Maine on Jan 30, industrial properties are seeing record high lease prices. Entrepreneurs anxious to get in on the budding industry are looking for indoor farming spaces and storefronts.

Property Investing Pitfalls: A No-Fail Plan for First Timers

A handy list of pitfalls many first time commercial real estate investors fall into. In summary, don’t be too emotional, control your eagerness, do your research, and watch your finances. One of our most recent articles offers more tips on how to be a successful first time investor.

Welcome back!  In today’s commercial real estate news: Trump’s anti-regulatory stance encourages developers, construction firms brace for an influx of infrastructure projects, and the apartment sector begins to cool.

Homebuilders See Profit in Trump Bulldozing Environmental Rules

Developers are optimistic President-elect Trump will slash environmental regulations when he takes office this week. Homeownership is currently at a historic low, a fact many developers blame on the costs associated with meeting regulations. Despite this, nearly two-thirds of Americans say the laws are worth the price.

US Contractors Gearing up for Trump Spending Windfall

Nearly 75% of construction firms plan to hire on more employees in 2017, according to a survey released last week by developer firms. The optimistic outlook is founded on the hope Trump will make his campaign promises a reality by investing billions in American infrastructure.

Rooms to Go: Expect to See Less Apartment Construction in the Coming Months

After years of growth, the apartment sector may finally reach a plateau in 2017. Rising construction costs, a lack of desirable spaces and a labor shortage are all factors contributing to the cooling off.

Happy Friday! Our commercial real estate news aggregation today covers a forecast for the world’s commercial market in 2017, an analysis of why REITs are struggling in the S&P and coverage of a bill proposed to help Florida’s businesses with their commercial leases.

How Much Longer will Charlotte’s Commercial Real Estate Boom Last?

Kevin Thorpe, global chief economist for Cushman & Wakefield, spent Thursday forecasting the future of Charlotte’s commercial real estate market, as well as the world’s. For the short term, Trump’s tax cuts, combined with a boost to infrastructure projects, should give a boost to the US economy.

REITs Stumble After S&P Debut

REITs have had difficulty gaining momentum since forming their own S&P 500 real estate sector in late August. Acute sensitivity to increasing interest rates may be to blame for the under-performing stocks.

Larry Ahern Files Bill to Provide Commercial Sales Tax Relief

Good news for Florida business owners. State Rep. Larry Ahern proposed a bill to do away with the tax Florida tenants pay on their commercial real estate leases. According to Ahern, the law will affect 300,000 businesses in the first year, with 1 million eventually benefiting.

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.

 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.

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.

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.