Commercial Real Estate & Business News – November 5, 2015
Private Equity Funds Sitting on $244 Billion of Cash Earmarked for CRE In case anyone thought private equity funds might start shying away from ever-pricier commercial real estate, the numbers would say otherwise. CRE private equity funds ended the third quarter with $244 billion of dry powder available for investment, according to the Preqin, a […]
Commercial Real Estate & Business News – November 4, 2015
The Rise of Renters: Housing in the Decade Ahead There are now more Americans renting than at any other time in U.S. history. Over the last decade, the share of renter households in the U.S. has increased significantly as homeownership rates have fallen from 69.2 percent in 2004 to 63.4 percent in 2015, the lowest […]
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 […]