Commercial Real Estate News Roundup For January 14, 2015
Vegas rents are rising, cheap oil from the fracking boom is having unintended consequences in Houston, and home ownership’s biggest cheerleader, Freddie Mac, says renting is less popular than we thought. Quelle surprise! It’s all here in the latest Commercial Real Estate News Roundup for January 14, 2015.
- 2015 seen as year for commercial real estate to accelerate, Las Vegas Review Journal, Jan. 6, 2015 – Rent gains in Class-A and -B properties, big tenants looking to penetrate Las Vegas means the CRE outlook is “let it ride”.
- Six Trends in Commercial Real Estate to Watch for in 2015, Urban Land, Jan. 5, 2015 – Most notable trend in terms of investment: the idea that bonds and equities have had very strong run-ups that commercial property hasn’t yet matched…but is expected to.
- Foreign money floods Boston real estate market, Boston Herald, Jan. 12, 2015 – Every since the earliest days of the tea trade, offshore capital has found a home in Boston. But not as much as today!
- Incubator mindset leads to a perfect office space, Inman, Jan. 8, 2015 – The benefits of the shared-space tech-style office layout – the tug of war over the “correct” way to lay out office space will continue as long as startups thrive.
- Sand Hill Road office sale may set new national price record, San Francisco Business Journal, Jan. 12, 2015 – Make sure you’re not drinking coffee of any liquid when you read the square footage price in this story.
- Low Oil Prices Threaten Office Sector in Houston, National Real Estate Investor, Jan. 9, 2015 – The other shoe drops along with world oil prices. Will Houston’s office space sector make it through an oil bust?
- Atlanta industrial real estate market had its best year since the late 1990s, Atlanta Business Chronicle, Jan. 9, 2015 – Only 1997 and 1998 performed better than 2014 in Atlanta industrial space, says CBRE.
- Investors buy 390 acres near airport; business park envisioned, Austin Business Journal, Jan. 12, 2015 – Getting down to business near Austin’s airport
- D-FW industrial construction is the highest in more than a decade, Dallas Morning News, Jan. 12, 2015 – New building boom in the Dallas area being reported for industrial including three million-plus sq. ft. projects.
- Retail plazas dominate December commercial real estate sales, Buffalo News, Jan. 9, 2015 – Erie county around Buffalo seeing quote a bit of shopping for shopping centers.
- Economy Watch: Retail Recovery at a Snail’s Pace, Multi Housing News, Jan. 8, 2015 – Malls vacancies on the the rise, but community centers and neighborhood vacancies are improving
- Shopping-Center Owners Start Year With Optimism as 4th-Quarter Rents Rise, WSJ, Jan. 6, 2015 – Meanwhile, national shopping center rents left a gif wrapped under the tree for landlords.
- Utah Mall’s Travails Expose Property Weak Link: Mortgages, Bloomberg, Jan. 12, 2015 – Gateway shopping center’s early days during the 2002 Winter Olympics are a distant memory as debt downgrades pile up.
- How Long Will Renters Keep Renting? National Real Estate Investor, Jan. 6, 2015 – Freddie Mac says a lot of things, but these days they’re saying that renters don’t actually like renting.
- Houston ranked a top city for multifamily construction, Houston Chronicle, Jan. 6, 2015 – Apartments in Houston are taking off like the proverbial oil well gusher.
- OpenPath Investments Brings Unique Socially Responsible Platform to Multifamily Housing, Multifamily Biz, Jan. 8, 2015 – Sustainability and social outlook actually leads to healthy returns -and here’s an example.