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CRE News 12.02.17

Longtime Retail Pariah Now A Mall-Industry Darling

Gyms today have secured some of the most prime retail real estate around the country. That was not always the case.

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CRE News 11.25.17

Why Cold Storage Investment Is Booming

Cold storage warehouse investment is booming as demand for e-commerce and online grocery delivery grows.

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CRE News 11.18.17

Self-Storage REITs Slow Down Acquisitions

The self-storage sector has become one of the most attractive investments in commercial real estate, outperforming most others in terms of revenue growth, but in the past few quarters it reached a plateau. Growth in occupancy and revenue has slowed for its major REITs, along with their stock prices. As a result, these companies have slowed down acquisitions. However, that has opened up opportunities for the many private investors that want to jump into the still-vibrant sector.

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CRE News 11.11.17

Strip Malls: The Least Glamorous Segment In Retail Is Among The Sector's Strongest Performers

Retail real estate in 2017 can be best described in two words: “in flux.” Vacancies across the nation have risen as big-box retailers and department stores announced closures and the construction of new product simultaneously slowed. But experts agree that retail real estate’s fundamentals remain strong.

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CRE News 11.04.17

How Chick-fil-A Is Changing The Pad Site Game

A Chick-fil-A during the lunch rush is an orchestration of efficiency. With two or three drive-thru lanes and eight or more indoor registers, hundreds of customers are able to quickly get their fried-chicken fix six days a week. Chick-fil-A’s finely tuned business model and increasing need for space is causing retail landlords to think about retail pad sites differently.

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CRE News 10.28.17

Are Low Interest Rates Always Good for the Real Estate Market

The Federal Reserve raised interest rates in June, signally that government leaders think the economy is gaining strength. The latest hike is being met with mixed responses.

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CRE News 10.21.17

Hurricanes Impact Nationwide Retail & Office CRE

Hurricanes Harvey and Irma, which both had wreaked havoc in Texas and Florida, continue to have ramifications for the commercial real estate industry, not just in those states, but across the country.

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CRE News 10.14.17

Goldman Sachs to Lend to House-Flippers

Goldman Sachs Group Inc.’s push to lend more has taken it to some strange places for a storied, elite Wall Street firm. The latest: house flipping.

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CRE News 10.07.17

Amazon’s HQ2 will Create a CRE Explosion

For a company that sells goods over the Internet, Amazon sure has a formidable commercial real estate presence.That has become more pronounced as Amazon’s growth continues to explode, with dozens of warehouses opening across the country, the purchase of Whole Foods.

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CRE News 09.30.17

What’s Behind Industrial’s Record Low Vacancy Rates And Climbing Prices

Investors nationwide are bullish on industrial, driving down cap rates and vacancies to sub-5% levels while stimulating new, large, sophisticated warehouse construction.

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CRE News 09.23.17

Office Space After Hours: 10 Creative Uses for Owners & Tenants

With tenants typically only occupying office buildings during the day, a case could be made that it’s a waste of space and energy for buildings to sit empty after quitting time while landlords continue paying operating costs 24/7.

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CRE News 09.16.17

Waiting On The Correction? It May Have Already Happened

There is a strong possibility that the correction has already taken place in today's commercial real estate market. At eight years in, real estate is experiencing one of its longest recoveries, though growth has been relatively flat in the past year to 18 months, Eastdil Secured President Michael Van Konynenburg said at this week's Allen Matkins View From The Top event in LA.

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CRE News 09.09.17

The Modern Workplace: 6 Must-Haves for Today's Office Tenants

Today’s office tenants have different needs than they did ten years ago. No longer is a workplace simply just where employees come to do their jobs every day. Rather, the workspace has become interwoven with a company’s identity and plays an important role in attracting high-value talent, as well as helping to facilitate the most innovative, productive work.

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CRE News 09.02.17

Escape Rooms: How These Unconventional Tenants Break Free From Retail's Woes
The doors lock shut. Stephen glances at his girlfriend, who returns his bewildered look with one of her own. They are trapped in a windowless room inside of an abandoned warehouse, and time is running out. This is not the start to the next Hollywood horror. It is one of the hottest retail trends. Escape rooms debuted in Tokyo seven years ago. Since, the industry has blown up.

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CRE News 08.26.17

Workers Are Already Pushing Back Against The Office Of The Future
We are constantly told that real estate and technology will interact and fundamentally change the way people work. Big data, smart technology and artificial intelligence are all regularly predicted to have a huge impact on the way offices operate. Co-working and shared workspace are increasingly being touted as the next evolution in the way companies take space. But the path to the office of the future will not run smoothly, as companies are starting to find out.

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CRE News 08.19.17

Welcome to the Gig Economy
If you haven’t heard of it, you will. Gig workers are playing a growing role in how corporate space users are redefining their staffing. While much has been written about how to hire and retain top talent, there is a simultaneous reliance on the utilization of gig—or, essentially, on-demand—workers. Taken alongside the corporate trend to do more with less, the gig movement could have major implications for commercial buildings, and those who are charged with their value enhancement.

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CRE News 08.12.17

The Construction Labor Shortage Needs Major Institutional Fixes
Ask commercial developers in a major market to name their biggest challenges, and the rising cost of construction will be at or near the top of the list. But while the complaints have grown louder in recent years, the underlying problem has been decades in the making, and the current administration's policies only figure to make it worse.

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CRE News 08.05.17

Supermarkets Face a Growing Problem: Too Much Space
A massive retail build-out has taken a toll on earnings, leaving the industry vulnerable to closures. Never before in America has so much retail square footage been devoted to selling food—and it is too much.

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CRE News 07.22.17

There is no question that technology is drastically reshaping how and where people work. Employees are not just working from home or the office–they’re working from anywhere.
In fact, technology is now the biggest catalyst of change in the workplace as mobile devices, virtual networks, video conferencing and cloud storage create a “seamless transition from the physical workplace of the 20th century to the virtual workplace of the 21st century,” according to CBRE Research’s latest Global Prime Office Occupancy Costs report.

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CRE News 07.15.17

The Real Reason Alternative Lenders Have Become Mainstream
A decade ago alternative lenders, or debt funds as they are more popularly called, were known as the last option for borrowers looking for capital to get a project off the ground. Today these funds are standing toe-to-toe with some of the country's largest banks, and it is not because traditional lenders have ceased to take on commercial real estate debt.

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CRE News 07.08.17

Net Lease Cap Rates Beginning To Rise
Cap rates in the single tenant net lease market have been on a long-term slide that eventually reached historic lows, but that era may be over. A boost had been expected, and in the second quarter, rates increased across all asset classes when compared to the previous quarter, according to a new report from the Boulder Group, a net lease firm in suburban Chicago.

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CRE News 07.01.17

Research: When a Retail Store Closes, Crime Increases Around
From Boston to Los Angeles, “mixed use” development, combining residential and commercial properties, is on the rise. The benefits that have been cited for co-locating housing and retail establishments include reduced travel distances, more-pedestrian-friendly neighborhoods, and stronger local character.

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CRE News 06.24.17

Retail Disruptors
The word “disruption” is gaining popularity these days, certainly in the real estate industry and typically in association with technology. Nowhere was that more in evidence than at last month’s RECon Conference in Las Vegas, the celebration of all things retail, with a particularly heavy emphasis on brick-and-mortar.

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CRE News 06.17.17

4 Reasons Why Financial Service Firms Are Growing More Conservative In Their Leasing Activity
The financial services sector, which accounts for a large portion of office real estate absorption, is leasing less space.

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CRE News 06.10.17

Law Firms Home In On Occupancy Costs
“We are seeing a continued shift to rightsizing and incorporating new workplace strategies that help firms lower the cost of their footprint, while improving operations and client services”

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CRE News 06.03.17

Net Lease Fitness Centers Continue Flexing Muscle
With the meteoric rise of Amazon and other internet-based retailers over the last five years, many retail buyers are becoming increasingly focused on pursuing investments with “internet resistant” tenants.

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CRE News 05.27.17

Widespread Uncertainty Is Helping Commercial Real Estate
If 2015 was the unofficial peak of the commercial real estate cycle, and 2016 was defined by political upheaval, 2017 could be called The Year of Stable Uncertainty.

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CRE News 05.20.17

Banks Dial Back Lending as Reduced Risk Tolerance Results in Tightened Credit Standards. With memories still fresh from the 2007 financial meltdown precipitated by unrestrained real estate borrowing

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CRE News 05.13.17

It seems a bit early, but one hundred days into the Trump administration, Gallup has issued the results of a poll rating the still-new president on his economic performance.

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CRE News 05.06.17

US Office Vacancy Rises for First Time Since 2010 as Construction Peaks and Rent Growth Slows
Though office rent growth is clearly decelerating, occupancy and rents remain at their highest absolute values on record.

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CRE News 04.22.17

5 Healthcare CRE Trends To Watch In 2017
Despite uncertainty over the future of healthcare reform, demand for healthcare services will rise within the next few decades. Aging Baby Boomers are demanding more care and will make up one out of every five people by 2050.

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CRE News 04.22.17

Why Single-Tenant 7-Elevens Are All The Rage
A 7-Eleven property offers a well-known, corporate-backed, AA-credit-rated, secure tenant. People know 7-Eleven, so there is an instant brand-recognition that allows investors to get very comfortable, very quickly with the investment.

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CRE News 04.16.17

Tax Reform and the Rental Market
“Tax reform has the capacity to fundamentally reshape the multifamily industry” states Doug Bibby, president of the National Multifamily Housing Association.

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CRE News 04.2.17

It is hard to justify going out and buying U.S. commercial real estate these days, according to billionaire chairman of Equity Group Investments Sam Zell. Zell has embarked on a massive sell-off in the last two years of 124 real estate assets his company acquired when it took over Equity Commonwealth in a 2014 shareholder revolt. "When we first took over, we had 156 assets in 50 markets in 35 states.

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CRE News 04.2.17

By 2020, Millennials will account for half of the global workforce, according to PwC research. As these individuals begin to dominate the office leasing landscape, this presents new challenges and opportunities for real estate brokers and landlords, who can no longer solely rely on established relationships and strategies to win new business and fill their buildings.

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CRE News 03.26.17

Commercial real estate professionals have expressed an overwhelming interest in future infrastructure investment this year, especially with President Donald Trump’s push to boost U.S. infrastructure spending to $1 trillion — although not much headway has been made on that front.

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CRE News 03.18.17

The Federal Reserve raised benchmark rates a quarter-point Wednesday, and while many investors believe higher rates automatically increase capitalization rates and weaken property values, new research casts doubt on that relationship.

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CRE News 03.11.17

North Carolina came in fourth among U.S. states for the most new and expanded facilities in 2016, according to the latest Governor’s Cup competition in Site Selection magazine. Charlotte was among the top 10 metros with populations of more than 1 million for new and expanded facilities.

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CRE News 03.04.17

As the number of older cars on the road continues to increase, it’s good news for auto parts stores.
The American auto industry has undergone a revival, but the number of older cars on the road continues to increase, and that’s a positive demand driver for auto parts stores. Competition for properties in this sector keeps getting more intense, and this will likely continue in the near future.

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CRE News 02.25.17

The 1950s saw the birth of the shopping mall across the nation, yet the era of destination retail stores, especially clothing stores, has been on a downward slide for some time. This trend away from the malls began with the introduction of the internet, bringing convenience and in many cases, lower prices to the consumer. A big wave of store closings that began in 2016 is expected to continue in 2017. The common thread is these stores are mostly inline or in shopping malls. What’s interesting is that only a small percent of these stores affect free standing single-tenant net lease properties. As buyers need narrow, STNL offers the easy in-and-out that a traditional mall can no longer provide.

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CRE News 02.18.17

Uncertainty Reigns For Medical Office Building Users This Year

The healthcare real estate market finished out 2016 strong, with vacancy rates hitting an all-time low and absorption at levels not seen since before the recession. One factor driving medical office building demand is millions of Americans who now have access to healthcare through the Affordable Care Act. But uncertainties surrounding the Trump administration’s push to repeal the law have resulted in many providers delaying plans to expand or move until they know what the replacement to the ACA will be. “The impact of the repeal would be 21 million people losing their healthcare insurance coverage,” said Colliers national director of healthcare services Mary Beth Kuzmanovich.

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CRE News 02.11.17

Multifamily Supply To Come Online This Year Expected To Be Largest In This Cycle

The general consensus regarding this year’s multifamily outlook is that the sector will experience some softening due to a large amount of new supply set to deliver this year. Yardi Matrix experts project 320,000 new units coming online in 2017, the most to hit during this cycle. Most of these new units fall within a handful of the multifamily sector’s largest metros and all of these new apartment developments are on the high end of the spectrum. Despite the sector’s strong absorption and national occupancy rate being at a 95.6% high, new supply is expected to negatively impact rents, leading to a deceleration in rent growth. Markets adding a significant number of new units include Nashville, Seattle, Miami, Denver, San Antonio, Dallas, Austin and Portland. Apartment demand is still strong, driven in large part by Millennials. While Millennials are aging (they now fall between the ages of 20 and 35) and will incrementally shift demand from renting to homeownership as they begin to start families, a large portion of the group has just barely hit prime rental age. (BisNow))

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CRE News 02.05.17

Industrial Is Heading Up, Up, Up

The rise in ecommerce is likely to continue and the industrial market appears unstoppable.
According to the recent UCLA Anderson Forecast, which provides a three-year outlook of the industry, the industrial market has the most positive outlook among real estate professionals. In other sectors, namely office and multifamily, the market seemed to be softening; however, the industrial sector remains active and healthy for the foreseeable future.
Experts state that ecommerce remains the chief driver of the industrial market, especially in infill markets. The industrial market has remained strong and steady. UCLA economists attribute the trend to a profound shift toward ecommerce. (Globe Street)

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CRE News 01.29.17

The Dow Jones industrial average just surged past 20,000 for the first time ever, marking a major milestone in the stock market’s history as investor confidence in President Donald Trump’s policies stirs even more growth. The Dow climbed 0.8% to 20,069 Wednesday as the post-election rally continues and more investors bet on Trump's plans to push for tax cuts, fewer regulations and more infrastructure spending, all of which could help U.S. businesses, the Wall Street Journal reports. The Dow is up more than 9% since Nov. 8 and the S&P 500 and Nasdaq Composite both closed Tuesday at record highs. A surge in bank stocks and mining and manufacturing companies led the rise, with the KBW Nasdaq Bank Index of big U.S. commercial lenders up 23% since Election Day and infrastructure companies like Caterpillar enjoying boosts as Trump moves to reopen oil pipeline projects. (WSJ)

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CRE Execs Are Optimistic About Industrial, Multifamily and Infrastructure

Industrial, multifamily and infrastructure — are the areas within commercial real estate that execs expect to outperform in 2017. According to Altus Group 2017 Real Confidence Executive Index, which asked senior executives how they would invest a theoretical $1B in real estate to make the highest returns this year. Industrial took first place, multifamily came in second, and last was infrastructure. Infrastructure allocations were likely spurred by President-elect Donald Trump’s infrastructure plans. (NAREIT)

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Commercial Consultants Realty

Recent Commercial Real Estate News 01.14.17 Despite Trade Uncertainty, E-Commerce to Continue Driving Distribution Property Growth in 2017 Industrial real estate's bull run is expected to continue well into 2017 as importers and exporters continue to seek warehouse and distribution centers close to major seaports and inland hubs, while increasingly venturing out to secondary markets. (CoStar)

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Vacancy Rates Rise at Shopping Centers

Signs of slowdown appear as number of empty storefronts grows. The national retail-property market is showing signs of a slowdown after years of steady growth, according to a report set to be released Friday, as cities and towns across the U.S. grapple with a growing number of empty storefronts.

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Gentrification May Boil Down to One Main Factor

The wave of gentrification in historically lower-income and minority neighborhoods is nothing new for New York. From Greenwich Village to Williamsburg and Astoria, high-net-worth individuals have sought the character, grit and charm of neighborhoods that suburbs lack. But the biggest single factor, and the one that drives higher earners to move into previously avoided neighborhoods, is crime.

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Why You Shouldn’t Ignore Strip Centers

Think every asset type in the net lease sector has been picked over? Then consider the strip center. While it might lease to multiple tenants,…

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Robust Economic Growth On The Horizon for 2017

Americans are optimistic about President-elect Donald Trump’s future impact on the economy, and experts agree. All signs point to a strong economic outlook in 2017 as US gross domestic product, inflation and interest rates are all poised to increase this year.

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Nine Things Successful People Do Differently

Why have you been so successful in reaching some of your goals, but not others? If you aren’t sure, you are far from alone in your confusion. It turns out that even brilliant, highly accomplished people are pretty lousy when it comes to understanding why they succeed or fail. The intuitive answer — that you are born predisposed to certain talents and lacking in others — is really just one small piece of the puzzle. In fact, decades of research on achievement suggests that successful people reach their goals not simply because of who they are, but more often because of what they do.

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Office, Industrial Fundamentals To Remain Strong This Year, Cushman & Wakefield Reports

Experts predict this will be a strong year for property investors looking to up their commercial real estate investments in the office and industrial sectors.

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2017 May Be Too Early For Office Real Estate To Feel The Effects Of Donald Trump

Although his name is on everyone’s lips as his inauguration approaches, Donald Trump may not be able to affect much in the office real estate market, at least in 2017.

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Stop Setting Goals You Don’t Actually Care About

At the start of 2016, I asked myself one question: “How can I make achieving my professional growth goals effortless?” I found the answer was elegantly simple — by focusing on alignment goals.

Many people fail on their professional development goals for the year because they take on a lot of goals — goals that they feel they “should” do but ultimately don’t energize them.

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US Industrial Sector Could be Unstoppable in 2017

Its growth continues to be fueled by e-commerce, and the demand for new distribution and warehouse space shows every sign of continuing.

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Tenant Creditworthiness

Part I: How future tenants’ credit ratings affect leasing. Most businesses that rely heavily on real estate in their day-to-day operations prefer leasing to ownership for managing their real estate locations. Among the many reasons for this preference are the cost of capital and corporate flexibility.

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ARE VIDEO GAME RETAILERS A THING OF THE PAST?

Online shopping has completely disrupted the retail industry, and it continues to hit specialty shops like brick-and-mortar video game retailers. GameStop, the country's largest video game retailer, is facing headwinds thanks to its e-commerce competitor: downloadable games.

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6 PRO ATHLETES WHO ARE COMMERCIAL REAL ESTATE INVESTORS

Athletes thrive on competitive energy so it makes sense that some would turn to the topsy-turvy world of commercial real estate after hanging up their jerseys. While some athletes return to their old neighborhoods to give something back to where they came from, others are building billion-dollar high-rises. Here are athletes who found second careers as real estate investors.

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How E-commerce is Affecting Net Lease Demand

Online shopping is shifting the fundamentals and demand for traditional retail,and investors who realize this focus on e-commerce-resistant tenants in the entertainment and lifestyle sectors.

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The US Economy Is On Solid Footing

The US economy is standing strong, with increased real estate investment helping to drive up Q3 GDP. The Commerce Department said the economy grew at a 3.5% annual rate in Q3, up from the previously reported 3.2%, to mark the strongest growth since Q3 2014, Reuters reports. Increased business investment helped drive the upward adjustment, with more firms pouring money into real estate and intellectual property products than previously realized.

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Trump Trade Plans Could Kill Industrial

UCLA Economist David Shulman forecasts how President-elect’s proposed trade policies will impact the industrial market surrounding the ports.

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Healthcare Space, By The Numbers And What The Future Holds

Medical office vacancy rates hit a low this year and finally broke under 8% nationally said sources at this year’s RealShare Healthcare Real Estate conference, who also touched on President-elect Trump’s pledge to repeal and replace Obamacare.

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Are You Solving the Right Problems?

How good is your company at problem solving? Probably quite good, if your managers are like those at the companies I’ve studied. What they struggle with, it turns out, is not solving problems but figuring out what the problems are.

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Restaurants Will Continue to Drive Traffic to Retail Centers in 2017

As consumers grow increasingly fond of eating out, landlords are going after unique concepts in hopes of driving traffic to their centers. In 2017, restaurants will continue to evolve as a growing focal point of retail centers, even in the midst of e-commerce competition.

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Ecommerce Isn’t Behind All the Industrial Growth

Sure, ecommerce is a huge driver of the flourishing industrial market, but it isn’t the only driver. JLL outlines the five major drivers behind the industrial boom, and ecommerce isn’t sitting at the top of the list.

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Fed Follows Through With Expected Rate Hike - Here’s How It Will Impact CRE

It comes as no surprise that the Federal Reserve has decided to implement a short-term interest rate hike this month. Federal Governors have been signaling the coming move for several months; it held off in November until uncertainties surrounding President-elect Donald Trump's win were settled.

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Millenials Don’t Always Prefer Open, Creative Workspaces to Traditional Office Environments

Millennials are a dominating force in the labor market, and recent CBRE research estimates those born between 1980 and 2000 will make up half of the global workforce by 2020. It’s because of this that employers work so hard to attract young professionals by keeping up with Millennial trends and preferences. The important question is, what are those preferences?

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5 Things That Epitomize the Boutique Fitness Center

It’s inevitable that after faithfully making their New Year’s resolutions, Americans' collective attention turns to health and fitness. A frenzy to renew or purchase gym memberships ensues, to the consternation of veteran gym rats who invariably find their favorite machines perpetually occupied in January. As developers are increasingly expected to deliver high-quality, bespoke fitness centers as vital components of their office and multifamily projects, they should be aware of these five things dominating the modern fitness center as the new year approaches.

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Why You’re Better Off If You Haven’t Worked With Many Lenders This Cycle

Last week, Related Midwest closed on a $240M construction loan for One Bennett Park—the largest post-recession construction loan in Chicago. Its size and timing are surprising—banks have responded to pressure from the Fed and tightened commercial lending. So why do some players seem to have no trouble landing eight-, nine- and even 10-figure construction loans?

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HOW CHINA’S INDUSTRIAL ROBOTICS BOOM IS IMPACTING US MANUFACTURING

When it comes to manufacturing in the US, rising labor costs continue to spur the industry’s rapid adoption of automation. Add in technology that is growing increasingly cheaper, and it becomes clear why robotics continues to replace workers in this sector.

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5 trends shaping the future of suburbs

Urban cores and downtowns may see most of the press, but for the foreseeable future, suburbs will be where population and job growth are happening in the United States. According to Housing in the Evolving American Suburb, a report by the Urban Land Institute and RCLCO, these areas have been and will continue to be the country’s centers for growth; from 2000 to 2015, suburban areas accounted for 91 percent of the population growth in the nation’s top 50 metropolitan areas..

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7 TRENDS INFLUENCING THE WORKPLACE OF THE FUTURE

The future of the workplace is hard to predict, especially as it's being disrupted by new technology and demographics. We talked to designers, providers, users and leasing agents about their perspective on where the future is headed.

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The 5 Types of Commercial Real Estate Crowdfunding

Commercial real estate crowdfunding platforms promise to democratize real estate investing, but before diving in it’s important to know the basics. There are tons of crowdfunding platforms online, but not all of them are necessarily good places to put your money. From direct equity sponsored investments to auto-investing in debt, we’ll cover the five different types of commercial real estate crowdfunding platforms and then explain what the trend as a whole means for developers.

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Auto-free Zones: Boom or Bust for Retail Businesses?

Cities across the globe are jumping on the bandwagon to create pedestrian-friendly plazas and thoroughfares as a means to boost business for urban shopping and dining districts. But, these pedestrian malls have drawn their share of accolades and critics alike.

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Are Multi-Story Warehouses the Next Big Thing?

Industrial remains one of the tightest commercial real estate sectors in the nation, with JLL reporting that the national vacancy rate dropped to 5.8% in the third quarter—despite 53 million sf of new construction being added during that same time period.

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5 Reasons Industrial Conversions Make Sense for Owners

Each day, it seems that yet another industrial building is being converted or reused—whether an old factory into loft apartments, a warehouse into creative offices, or a former military space into a more modern industrial site. Why is this trend so popular?

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Why For-profit Colleges Are the Riskiest Tenants for CRE Owners

The number of for-profit colleges shutting their doors across the country has been making headlines.

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This Is the Future of Office Space

People need the same amount of space; they just only need it sometimes,” says Julien Smith, the CEO of Breather, a brand of flexible office spaces that are available on demand, at NAIOP’s O.Con.

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