Key to commercial investors: Infrastructure quality (4/10/2014)
ULI survey: While infrastructure is top deal breaker or maker for 88% of investors, demographic forces (consumer demand, workforce skills, etc.) also ranked high.
Mortgage Bankers: Commercial lending up in 2013 (4/9/2014)
Report: The dollar volume for commercial and multifamily mortgages closed in 2013, $358.5 billion, was 47% higher than in 2012.
Multifamily REITs rebound after slow 2013 (4/8/2014)
A CNBC report calls them real estate’s “red-hot category” – the most profitable sector of commercial real estate in the first quarter of 2014.
Fla. recreational, ranchland transactions down, prices up (4/3/2014)
2014 “Lay of the Land” report: Closed sales for Fla. rec and ranchlands down 50% over the past year, but the year-over-year median price per acre is higher.
4 big predictions for commercial real estate (3/31/2014)
Shopping malls will fade a bit and boomers will boost demand for housing and health care; urban areas will boom, and green building will grow more mainstream.
Large single-family home investor changes tactics (3/26/2014)
Tricon Capital Group says it’s changing its buying focus from single-family rental homes to upscale Fla. mobile home communities where houses average $60K.
Akerman survey finds steady commercial optimism (3/13/2014)
Survey finds higher expectations for capital from almost all sources – domestic investors, banks and foreign investment; 70% are optimistic about 2014 growth.
U.S. terrorism risk insurance expires in 2014 (3/7/2014)
Congress passed the Terrorism Risk Insurance Act after 9/11, but it expires this year. Without an extension, commercial coverage could get a lot more expensive.
Developers less optimistic about multifamily housing (2/27/2014)
But the drop in builder confidence focuses more on problems with financing and a shortage of labor than a drop in renter demand.
NAR: Commercial outlook positive but moderating (2/24/2014)
Quarterly forecast finds continued improvement but at a moderate pace. “Companies appear hesitant to add new space,” says NAR chief economist.
Commercial investors ‘cautiously optimistic’ (2/13/2014)
NAR: Commercial real estate investments are expected to produce generally solid returns in 2014, according to report.
Good news for landlords: Rents still rising (1/29/2014)
TransUnion: Rents rose in all four areas tracked – from new institutional properties to older units that need renovation located in less desirable areas.
Governor: Reduce commercial lease tax by $100M (1/28/2014)
Rick Scott joined commercial Realtors in Orlando today to announce that his proposed state budget includes a reduction of sales taxes paid on commercial leases.
South Florida lures more corporate headquarters (1/22/2014)
Seven corporate headquarters moved to Broward and Palm Beach counties since the recession officially ended and 11 existing companies expanded.
Commercial lending to grow in 2014 (1/9/2014)
Mortgage Bankers Assoc. says banks’ desire to lend money will outpace commercial borrowers’ demand. A full 91% of top firms expect originations to increase.
Forecast: Commercial recovery to accelerate in 2014 (12/17/2013)
Jones Lang LaSalle predicts 10% investment volume growth and “particularly strong gains” from global investors seeking “a much wider range of U.S. real estate.”
NAR: Commercial market recovery remains uneven (11/15/2013)
Smaller transactions, properties under $1 million, is moving incrementally. But expensive properties priced above $2 million are doing much better.
Commercial rebound to focus on secondary markets (11/7/2013)
PwC US and ULI: The next phase of the commercial rebound will begin in 2014 as investors consider more profitable deals in secondary markets.