National
Western National Taps New Managing Director
Daniel Reynolds has almost three decades of experience in investment banking, structured finance and capital formation. Prior to joining the company, he held positions at Blue Vista Capital Management and LaSalle Investment Management.
CyrusOne Appoints New EVP
Before joining CyrusOne, Schildkraut held positions at Guggenheim Partners, Evercore ISI, Jefferies, Winstar Communications and Salomon Smith Barney.
Economy Watch: Multifamily Markets Softening
All four indexes of the NMHC’s quarterly survey were below the breakeven level of 50, indicating that U.S. apartment market conditions are softening despite continued strong demand. New supply is finally catching up, and there seems to be more caution among buyers and lenders, noted NMHC Chief Economist Mark Obrinsky.
Financing Industrial: PGIM Real Estate Finance CIO Talks Discipline, Disruption
Paige Hood has a favorable outlook for commercial real estate lending, crediting market discipline as a key driver of his firm’s capacity to lend on coveted, last-mile industrial assets, among other property types.
Deadline Extended: 2017 Top Property Managers Survey
Don’t miss out on the chance to participated in the CPE-MHN 2017 Top Property Managers Survey! The resulting ranking of the firms with the best managed portfolios will be featured in our special CPE-MHN July/August 2017 print issue and prominently featured on our sites.
Economy Watch: Beige Book Reveals Trends Benefitting CRE
All 12 of the Federal Reserve Districts reported increased economic activity in the latest Beige Book. Tourism and travel picked up, which is good for the hospitality industry, and non-residential construction remained strong.
UK Lands Own CREW Network Affiliate Group
The launch of the Commercial Real Estate Women Network in Europe this month is expected to be the first of several initiatives around the world.
CBRE Buys Software Company
The company has acquired Mainstream, which provides technology solutions for tenant work requests, maintenance scheduling and analytics that support administrative work.
Single-Tenant Volume Gets Slower Start in 2017
The single-tenant net lease sector has done $7.3 billion in deal volume year-to-date as of February, down from the $18.7 billion transacted in the fourth quarter of last year, according to Real Capital Analytics data.
The Case for Lower Interest Rates
Reduced growth expectations and a potential stock market correction could mean interest rates might not rise as much as previously thought, notes Avison Young Principal Jay Maddox. Lower rates combined with strong demand fundamentals and capital availability could bode well for commercial real estate values.