Commercial Real Estate & Business News – November 3, 2015
CMBS Loan Defaults Decline in Q3 Fewer defaults and strong new issuance levels drove a decline in CMBS cumulative loan default rate during the third quarter, Fitch Ratings said Friday. The default rate ticked downward to 13.2% from 13.3% at the end of Q2. New defaults were off sharply from the year-ago period in terms […]
Commercial Real Estate & Business News – November 2, 2015
Office, Multifamily Construction Expected to Drive Gains In 2016 Office, shopping center, warehouse and hotel construction will increase 11% in 2016, up from the 4% gain estimated for 2015, with office development resuming its historical role as the leader in the commercial building upturn, according to the newly released 2016 Dodge Construction Outlook. Multifamily construction […]
Commercial Real Estate & Business News – October 23, 2015
Private Investors Dominate So Far in 2015 At this point in the market, the private buyers are winning apartments. Last month’s Real Capital Analytics analysis of 2015 apartment sales data showed that private investors account for 69% of deal volume in the garden segment. International investors pulled about 9% of these transactions, while institutional investors […]
Commercial Real Estate & Business News – October 22, 2015
Student Housing Gets Go-Ahead City approval has been given to Legacy Partners Residential for the development of University Village 2.0, a new $60 million-plus, mixed-use, 775-bed student housing community. Legacy Partners plans to start demolition and construction by summer 2016 and open in time for the fall 2018 semester. The property is located at 936 […]
Commercial Real Estate & Business News – October 21, 2015
Fundamentals Remain Strong for U.S. Real Estate Despite a jumpy stock market and shaky global conditions, the U.S. economy appears to be on solid ground for the near future, according to the latest ULI Real Estate Consensus Forecast. During panel discussion at the ULI Fall Meeting, three of the real estate industry’s leading economic experts […]
Commercial Real Estate & Business News – October 20, 2015
Former Tesco-Owned Chain Fresh & Easy Likely to File for Second Bankruptcy Fresh & Easy Neighborhood Market, a former Tesco Plc-owned grocery chain, is preparing its second bankruptcy filing in two years, reports Bloomberg Business. An application could be filed as soon as next week, however some claim that if the supermarket can find a […]