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Market Trends: LITHC Effect Every year, the federal Low Income Housing Tax Credit program budgets nearly $8 billion for state and local tax credits to encourage developers to renovate and build affordable housing, according to the U.S. Department of Housing and Urban Development. Since 1987, more than 2.6 million housin
Market Trends: Libor – What Is It? The recent debacle involving manipulation of the London Interbank Offered Rate caused many to wonder what exactly it is. This benchmark interest rate used throughout the world’s financial systems is determined by the British Bankers
Regional Outlook: East D.C.’s Big Deal The next fast food trend coming your way conveyor belt sushi. London based Yo Sushi opened its first U.S. franchise location in Washington, D.C.’s Union Station, with two more D.C. locations planned for this year. The
International Beat: Scotland’s Big Deal LaSalle Investment Management Kapitalanlagegesellschaft mbH recently purchased two retail properties in Scotland for a total of £58.6 million or more than $91 million. What do they have in common? Long term leases. One store, in Glasgow’s Style
International Beat: U.K.'s Big Deal International investors schooled in alternative investments are signing up for U.K. student housing portfolios, with £4.1 billion in transactions and another £83 million under contract by mid-August, making 2015 the most active year for this investment product, according to Deloitte. Of th
Regional Outlook: Midwest Pittsburgh's Big Deal Pittsburghers are mourning the closing of the downtown Macy's, housed in the iconic Kaufmann's department store building, a Pittsburgh landmark known for its signature clock. No worries, says Philadelphia-based Core Realty, which bought the property for $15 million,
International Beat: Australia’s Big Deal Australia continues to attract numerous cross border investors purchasing hospitality real estate. Sydney is the site of the majority of transactions, according to JLL. The China based Sunshine Insurance Group recently paid a record $463 million for
Global Outreach: As investors continue their search for stability and yield, accelerated capital flows into global real estate are set to continue in 2015. Macro and micro economic, demographic, and global shifts — coupled with increasing allocations from sovereign wealth funds, pension
Regional Outlook: South Florida’s Big Deal Florida’s net lease market is one of the nation’s most active, according to a recent report by Calkain Cos. and Beshears & Associates. Banks have the lowest asking and sales cap rates, averaging 4.95 percent and
Regional Outlook: West San Francisco’s Big DealThe City by the Bay started the new year off right, with the highest price yet paid for an office property. Invesco bought 101 Second St., a 90 percent leased office building in San Francisco’s South
International Beat: Poland’s Big Deal Amazon is coming to Poland Panattoni Europe is set to deliver more than 200,000 sm to Amazon in two distribution centers located in Poznań and Wroclaw, Poland. “The distribution centers are the biggest contract in the history
Market Trends: 2013 CCIM Deal Makers CCIM designees reported participating in 242 deals totaling almost $2.4 billion last year, handily surpassing 2013’s total of $1.7 billion. The figure is based on the number of deals published in Commercial Investment Real Estate’s Deal
Market Trends: Canadian Investors Buy Elsewhere Given the small size of Canada’s commercial real estate market, many domestic commercial real estate investors have been actively acquiring properties in the U.S. and other markets according to Jones Lang LaSalle. Canada’s assets are clustered
Market Trends: Global financial market volatility is boosting investment in U.S. properties, encouraging many to focus on capital preservation and asset stability rather than yield. Rather than the flashy sales often reported, most international acquisitions are smaller assets purchased through funds and domestic intermediaries. Yet the totals are impressive at more than $90 billion of commercial real estate purchases in 2015, accounting for 17 percent of the market volume. Due to the strength of the U.S. dollar, international buyers comprised 11 percent of all U.S. properties in the first half of 2016, according to Marcus & Millichap.
Market Trends: What are the top 10 cities to start a business? | Skilled labor needed to boost manufacturing. | Projected shortage in 2026 for senior housing equilibrium.
International Beat
International Beat: U.S. cross-border flow slows down over past four quarters. | Rents in Grade A office buildings in Beijing’s CBD are expected to decline 15 percent by 2021.
Market Trends: Current Market Trends: Millennials are moving the needle on retail. | Disruption is coming for grocers. | Retirement properties grows as a niche investment market. | Artificial Intelligence is the new user interface. | What's in store for medical office buildings in 2017?
International Beat: India's Big Deal Office space absorption in India's major cities rose at the blistering pace of 46 percent, or 10.2 msf, from April to June 2016. New Delhi and Bangalore accounted for almost 50 percent of the office space, according to CBRE. Despite a muted global economy, India continues to be a preferre
Regional Outlook: Mid-Atlantic New York City's Big Deal An affiliate of the Hyatt Hotels has sold the Andaz Fifth Avenue New York Hotel in Midtown Manhattan to Takenaka Corp., a Japanese architecture, engineering, and construction company with capital estimated at 50 billion yen, for $215.2 million - one of the largest
Regional Outlook: Chicago's Willis Tower starts $500 million renovation.| Cannabis expands Denver's industrial market. | The retail market in Boston is strong.
Regional Outlook: West Seattle's Big Deal In a former sushi restaurant in Seattle's University Village Shopping Center, Amazon opened its first-ever physical bookstore last November. At 5,500 sf and about 2,000 sf for storage, it is about the size of a traditional independent bookstore, but woefully smaller than the 4
Market Trends: Industrial Strength Year The overall national industrial vacancy rate ended 2014 at 6.8 percent, the lowest level since 1Q 2001, according to Cushman & Wakefield. The vacancy rate was down 70 basis points YOY and 400 bps from its 10.8
Regional Outlook: South Florida’s Big Deal Investors aren’t wasting away in Margaritaville, they’re buying hotels since May 2013 four hospitality assets in and around Key West, Fla., have sold. Ashford Hospitality Trust bought the 142 room Pier House Resort and Caribbean Spa
Regional Outlook