Commercial Real Estate News Roundup For Sept. 22, 2015
Trump does Bali, the Fed hits the snooze button, European commercial investment levels are dropping jaws, and just what does three hundred bucks a square foot get you in Manhattan? It’s all here at the Commercial Real Estate News Roundup for September 22, 2015
- The Verdict on Higher Interest Rates, Commercial Property Executive, September 17, 2015 – Inflation refuses to rear its head, and the Fed doesn’t want to tug on the dragon’s tail. But last week’s vote to keep rates where they were was the first in recent memory that wasn’t unanimous.
- What’s Driving a 25% Increase in Commercial Construction, BISNOW, September 17, 2015 – A construction giant announces nonresidential starts are exceeding those of housing.
- The $1 Trillion Idea, Commercial Observer, September 16, 2015 – Read this all the way through for an update on the state of securitization of commercial RE. Spoiler alert: Uh oh, Wall Street’s getting “innovative” again.
- Moody’s Report Is Raising Concerns Over Lending, BISNOW, September 16, 2015 – Ratings agency tut-tuts over declining standards in a time marked by crazily high liquidity levels.
- European Commercial Property Markets Sees 30% Growth Year on Year, Property Wire, September 18, 2015 – There’s growth, and then there’s 30% year-over-year growth. The eye-popping stats from across the Atlantic — and the effect on yield numbers.
- Trump Rolls Out Welcome Mat in Asia, Commercial Property Executive, September 15, 2015 – The presidential candidate and a partner are getting going on a new luxury development in Bali.
- Brace Yourself Landlords: There are More Obsolete Offices Than You Realize, GlobeSt.com, September 17, 2015 – Researcher finds that up to 1B sq. ft of US office space — mainly in the suburbs — is obsolete. Parking ratio and floor plate are among the big factors.
- 7 Things You Need to Know About DC’s Office Market, BISNOW, September 16, 2015 – Apartment amenities in the nation’s capital should, according to some, include indoor hydroponic gardens and dog day care. In other words, more San Francisco and less Chevy Chase.
- Texas Real Estate Investor Bets Big on O.C. Office Space, Orange County Register, September 13, 2015 – A Texas player looks at Irvine CA’s recession wreckage and sees conference space investment gold.
- Citadel to Pay Priciest Rent in City History, If Not the World, Crain’s New York Business, September 13, 2015 – 300 bucks per square foot. It happened. And you know it had to happen in Manhattan.
- Lucky Tenants Finds 200,000SF Industrial Build, GlobeSt.com, September 18, 2015 – With low vacancies and a big expansion in its business, Giant Bicycle shifts gears and picks up a 200K worth of new digs in Cerritos, CA.
- Logistics’ Continuing Impact on Industrial, GlobeSt.com, September 17, 2015 – A CBRE managing director and peers speak up on the mix of supply chain needs, flexibility and the economics of warehousing.
- Bklyn Industrial Getting “Unheard Of” Rents, GlobeSt.com, September 16, 2015 – What happens when industrial tenants have to step aside so that demand for residential live/work space, retail and hotel can be satisfied?
- Simon Reveals Tulsa Premium Outlets Location, Commercial Property Executive, September 16, 2015 – Jenks, OK snags a 300K+ retail development promising 8-90 stores, thanks in part to an Indianapolis REIT.
- Report: Chico’s Considers Private Equity Sale, Chain Store Age, September 14, 2015 – Activist shareholders are waving their pom-poms for a sale of the women’s clothing and accessories chain to a PE shop.
- ‘The worst storm in retail history’ is heading straight for Walmart, Kroger, and Whole Foods, Business Insider, September 11, 2015 – German invaders Aldi and Lidl are coming to start price wars, says industry analysts. Bad news for upscale (Whole Foods) and budget (Wal-Mart) brands.
- Are EB-5s the Answer to Affordable Housing?, GlobeSt.com, September 17, 2015 – The visa-for-investment program turns its attention to affordable housing. But does EB-5’s requirement to create jobs mesh with the development of affordable housing?
- Why This Old MF Sold for Such a High Price, GlobeSt.com, September 17, 2015 – Cheaper to buy than to build in Magic City, suggests one pricey multifamily deal.
- Solar Power Is Within Reach for Multifamily Owners, Developers, National Real Estate Investor, September 14, 2015 – What’s newest here is the willingness of banks to lend based on projected income from solar panel-generated power.