Commercial Real Estate & Business News – February 2, 2017

A pair of new surveys point to continued favorable market conditions for US commercial real estate this year, with a strengthening economy paired with improved property fundamental and ready access to capital shoring up the real estate expansion through 2017. A survey by KPMG LLP of senior U.S. real estate executives further finds that uncertainties over President…»
Although 2017 isn’t likely to see a repeat performance, the year began with a slight drop in the Trepp CMBS Delinquency Rate, Trepp LLC said Wednesday. The five-basis point decline in January, to 5.18%, occurred even as a large amount of maturities looms. “The volume of maturing CMBS debt that could not be refinanced at its maturity date continued to surge last month,”…»

Buyers vying for net lease investment properties have been paying top dollar to win deals. But an increase in interest rates is already causing cap rates to creep higher and there could be more price adjustments ahead for 2017. “Going into this year, the big question mark is going to be how much the recent rise in interest rates is going to affect the single tenant market, as well as investment sales overall,”…»

A Florida-based developer is moving forward with a new $63 million Class A multifamily project after getting a $47.16 million construction loan from the U.S. Department of Housing and Urban Development. Maryland-based Walker & Dunlop Inc. (NYSE: WD) originated the loan for Coconut Grove, Florida-based Housing Trust Group.…»
Spurred by projections of strong growth in the luxury hotel segment in the next two years, hotel operators have rushed out of the gate with billions of dollars of new development and acquisition initiatives to appeal to affluent travelers. Hyatt Hotels Corp. (NYSE:H) and Fairmont Hotels & Resorts both announced plans to pour money…»