Commercial to grow despite weaker global economy (2/19/2015)
NAR quarterly forecast: Weakness overseas could hinder commercial growth in the U.S., but more jobs and a stronger U.S. economy should more than offset problems.
Freddie Mac ramps up small loans (2/11/2015)
More apartment property loans are moving toward closing under its new Small Balance Loan program, which offers a 60-to-120-day interest rate lock process.
Lenders still chasing multifamily loans, says MBA (2/4/2015)
“There has been a strong appetite to lend to multifamily in the last few years,” says MBA’s Jamie Woodwell. Volume picked up “strongly” in second half of 2014.
U.S. office space demand highest since 2006 (1/9/2015)
DTZ report: U.S. businesses expanded into more office space in 2014 than they have in eight years, and rents increased in 70% of the country.
Congress adjourns without passing terrorism bill (12/18/2014)
A lone senator’s objection derailed passage, and commercial projects will lose coverage or face higher costs Jan. 1. The issue is not dead yet, however.
Apartment boom may put lid on rising rents (12/8/2014)
CoStar Group: Vacancy rates are starting to rise as builders ramp up apartment construction to meet demand. That could help limit rent increases in 2015.
NAR: Commercial real estate demand holds steady despite overseas concerns (11/25/2014)
NAR: Despite a slowing global economy, forward economic momentum in the U.S. should keep commercial activity progressing at a gradual pace heading into 2015.
Commercial market on road to recovery (11/10/2014)
Economists on a panel agreed that improvements in the U.S. economy would create a stronger commercial market next year. In 2014, we “turned a corner.”
Overseas volatility benefits commercial real estate (11/7/2014)
Colliers’ annual int’l investor report finds optimism for U.S. real estate, including “many metropolitan areas in Fla. that were hard hit during the recession.”
Fla. ranked No. 5 for best ‘business tax climate’ (10/30/2014)
The Tax Foundation says 45 U.S. states are worse for business than Fla. in a comparison of tax climates, while only four states are considered more competitive.
Warehouses: The commercial market’s hot sector (10/22/2014)
In the first nine months of 2013, developers purchased as much land for warehouse, industrial park and light industrial projects as they did in all of 2013.
Fla. second only to Texas as top state for business (10/21/2014)
In a survey of corporate execs and site selection consultants by IEDC, 1 in 5 (18.1%) said they think Fla. has the nation’s most favorable climate for business.
Condo conversions? They’re back (10/9/2014)
Conversions – turning rental apartments into condos – surged during the boom and then crashed to a halt. But thanks to urban demand, they’re rebounding.
Fla.’s small businesses optimistic about future (10/2/2014)
Survey: A Florida Chamber committee finds small businesses are “ready to grow, expect to hire and remain optimistic about their chances for success.”
An online complaint is a suggestion for improvement (10/1/2014)
Some commercial businesses consider online reviews a template for improvement. A hotel, for example, added more outlets after noting a few complaints.
Fla. sells state land, nets $40M, will sell more (9/17/2014)
The state is selling non-conservation land that is no longer used. Money from the sale will be used to purchase new, more valuable conservation land.
Terror insurance reauthorization on hold (9/12/2014)
Congress appears to back an extension of terrorism insurance to protect commercial property, but passage isn’t assured, at least before the Nov. elections.
More commercial execs to increase capital spending (9/4/2014)
KPMG survey: Almost two in three (68%) expect to increase capital spending in 2014, up from 60% last year; 44% find quality projects but insufficient returns.