Investment Off to Slow Start in 2017

Following a strong $133.8 billion in transaction volume in the fourth quarter of 2016, investment activity tapered off in the first quarter of this year, hitting $93.6 billion as of March 31, according to Real Capital Analytics data. U.S. investment in commercial real estate had a slower start in 2017, with all regions seeing a decline in volume for the …

Latest Readings Show Commercial Property Prices Continuing to Moderate

With reported increases in cap rates and a slowing investment sales market, the three major commercial property prices indices (CPPIs) are showing at best meagre gains. The all-property CPPI tracked by ratings firm Moody’s and research firm Real Capital Analytics (RCA) registered a 0.5 percent increase in March. Price indices for office buildings in Central Business Districts (CBD) and retail …

Charleston real estate market still on fire

By Doug Holmes, contributing editor  |  The Charleston real estate market continues to set records.  A couple of weeks ago, we hit an all-time high, 452, for the number of residential properties going under contract in one week. This year will probably see the most transactions ever in our tri-county area. 2016 was the second busiest year ever, but only …

Charleston City Council gives initial approval to apartment moratorium on James Island

Charleston City Council has heeded the call from James Island residents to pause high-density development in their community — even if the preferred length of the moratorium remains a topic of debate. Tuesday evening, City Council members gave initial approval to a six-month ban on new properties in non-residentially zoned districts that exceed four units or 15,000 square feet. more… …

Manhattan Condo Deals Targeted for Online Investors by New REIT

By Oshrat Carmiel (Bloomberg) –A new real estate investment trust opened shop this week, seeking to raise $50 million from investors online. It plans to use the money on some of the most sought after properties in the world: New York apartments. NY Residential REIT is a “blind pool,” meaning it owns no assets and is courting investors on the …

Robbins Electra Snaps Up Charlotte Community

Pavilion Crossing, which will be rebranded as Grand Reserve at Pavilion, includes 408 units. The property is currently 95 percent occupied. Robbins Electra, a multifamily owner/operator specializing in the Southeastern United States, has acquired a 408-unit apartment community in Charlotte, N.C. The property, currently known as Pavilion Crossing, will be rebranded as Grand Reserve at Pavilion. Read More>>Multifamily Real Estate …

Q&A: Gordon Brothers Real Estate Executive Weighs in on Challenging Retail Real Estate Landscape

With retailers and shopping center owners heading to Las Vegas later this month for RECon, the world’s largest retail real estate convention, we asked Mark Dufton, CEO of Gordon Brothers-Real Estate, for his take on the evolving retail real estate market. Gordon Brothers is among the handful of retail restructuring specialists capturing the lion’s share of restructuring work involving store …

Are You Smart about Smart Buildings?

Smart building technologies provide multiple benefits for commercial properties. What’s your smart building IQ? Take this quick quiz to find out! We’ve come a long way since the first thermostat, elevator and office building came into existence in the 1800s. Now, we have smart buildings that use advanced systems to manage energy use, climate, safety, security, lighting and many other …

Navigating the Changing Landscape for Multifamily Financing in 2017

The multifamily market has certainly enjoyed a golden era. Vacancy rates are down, rent growth is up and overall fundamentals point to a healthy investment market for multifamily. According to a recent CoStar report, total net absorption of apartment units in 2016 held steady at over 172,000 units, indicating healthy renter demand for multifamily. Read More>>National Real Estate Investor

Jernigan Capital Co-Invests $29.5M in 3 Self-Storage Projects

Jernigan Capital Inc., a merchant bank and advisory firm serving the self-storage industry, has invested $29.5 million in three multi-story development projects in Colorado and Kentucky. All are in the proposal stage. Together, they comprise 200,000 net rentable square feet in more than 2,100 units, according to a press release. Each is expected Read More>>Inside Self Storage

We’ve all got the “Pothole Blues”

By Andy Brack, editor and publisher  |  Sometimes the only way to make a point and make sure it gets through is through humor. As the state Senate stumbles drunkenly to find a way to figure out a way to fix state roads and bridges, former gubernatorial candidate Tom Ervin of Greenville turned to song to make his point. He …

Survey: Investor Concerns Over Policy Uncertainty, Gridlock Temper Bullish CRE Outlook

Major steps announced Friday by President Donald Trump to roll back Dodd-Frank regulations and unveil a “massive” tax reform package next week are clearly manna from heaven for CRE investors and lenders, with nearly two-thirds of the executives surveyed by national law firm Akerman LLP believing Trump’s pro-business policies will have a positive impact on the real estate industry this …