E-Commerce Is Driving Industrial Development to Record Highs

U.S. industrial real estate development hit an all-time high in 2017, with more than 208 million sq. ft. completed so far, and another 277 million sq. ft. currently under construction, according to research firm CoStar. Real estate services firm JLL is seeing similar trends, according to Mason Mularoni, JLL senior research analyst. Last year, a total of about 164 million …

Why Retail Landlords Are Turning to Apartments to Shore Up Malls

Construction has started on a 23-story upscale apartment tower at Westfield UTC, a one-million-sq.-ft. outdoor center in San Diego, but the project is much more than the redevelopment of an upscale retail center owned by the Sydney, Australia-based Westfield. Combined with a renovation that will be completed this fall, the rebirth of Westfield UTC suggests that relying less on brick-and-mortar …

10 Years After the Recession, Boom Times Are Back in Real Estate

As anniversaries go, it’s a nerve-racking but inescapable one: It’s been 10 long years since the widespread real estate crash that precipitated the Great Recession, and all the misery that followed in its wake. So it seems like the perfect time to take a giant step back, peruse and analyze all of the data, and assess what has really happened to the American housing market …

Banks Remain Stingy With Construction Dollars

Via nreionline.com Beth Mattson-Teig | Nov 01, 2017 Securing bank construction loans has become a tough nut for developers to crack. Some banks have pulled back on allocations to new development, while banks across the board have become more conservative in deploying that capital. Over the past two years, banks wary of taking on construction risk have lowered leverage, increased …

2017 Top Property Managers

Via nreionline.com   NREI’s ranking of the top property managers is based on total square footage of space managed globally. It includes space that is both owned and third party managed. Companies were asked to exclude properties that they only provide facilities management services for from their numbers. CBRE Group Colliers International Cushman & Wakefield Newmark Grubb Knight Frank Blackstone …

America’s Largest Real Estate Development Takes Shape

Via fastcodesign.com   Related Companies’ redevelopment of Hudson Yards, which will transform it from an industrial zone to an entirely new neighborhood on Manhattan’s West Side, is an ambitious project. “No one has ever built anything like this,” said CEO Jeff Blau during a panel discussion at Fast Company’s Innovation Festival. “This is the largest real estate development ever done.” Well, at …

Can Outlet Centers Avoid the Worst of the U.S. Retail Fallout?

Via nreionline.com John Egan | Oct 30, 2017 Wall Street has walloped the retail industry during the much-hyped “retail apocalypse,” and the country’s two biggest operators of outlet centers—Simon Property Group and Tanger Factory Outlet Centers—have not been spared. This September and October, Tanger’s stock price was hovering at or around a five-year low of $23 to $25 per share. …

Lennar to become biggest homebuilder in U.S.

Via miamiherald.com By Rene Rodriguez rrodriguez@miamiherald.com The Miami-based Lennar Corp., the second-largest home construction company in the U.S., is set to take over the No. 1 spot. Lennar is acquiring Virginia-based CalAtlantic Group, it said Monday. The $9.3 billion deal — announced as a merger, though Lennar management would take the lead — would give the combined company a top-three …

Investors Maintain Healthy Appetite For B-Piece CMBS

Beth Mattson-Teig | Oct 25, 2017 New CMBS risk-retention rules that went into effect late last year have not put a damper on B-piece buying. That continued liquidity for the riskiest tranche of CMBS loan pools is good news for borrowers as it helps maintain steady issuance across the broader CMBS market. However, it is not completely business as usual. …

First Bitcoin-Only Real Estate Transaction Completed in Texas

In Texas, buyer and seller come to terms for a home sale in Bitcoin. Use cases for Bitcoin have been popping up everywhere, with new ‘Accepts Bitcoin’ signs on everything from coffee carts to retail stores in South Africa. These adoption cases are important as the continued use of Bitcoin will only increase the adoption and price cycle, commonly referred to as …

Top Five Cybersecurity Threats to Real Estate Businesses

Gregory Stein | Aug 30, 2017 nreionline.com The days of hackers targeting only retailers are long gone. With attacks that can misdirect wire transfers and hold computer systems hostage, hackers can successfully target any industry, particularly those that are behind the curve for cybersecurity. That applies to real estate. According to a recent report prepared by KPMG, 50 percent of surveyed …

Real Estate Crowdfunding Platforms Work to Find a Niche

While commercial real estate crowdfunding firms haven’t disrupted the market, the top players have worked to continue to raise capital and find ways to make their bets. There are some situations where there are gap equity requirements that are well-suited for crowdfunding, for example. Crowdfunding might be a viable alternative for a property with a maturing legacy CMBS loan that …