Commercial Real Estate & Business News – November 15, 2013

REITs Need To Focus On Low Leverage and High Transparency for Future Success

While in many respects the last two decades can be viewed as a “golden era” for real estate investment trusts, having grown from a total market capitalization of $32 billion in 1993 into a market force on Wall Street with a market capitalization of $675 billion and counting currently, changing conditions in the financial markets are expected to bring new challenges… Read more

MF Construction Activity Ramps Up

Continued strong demand for multihousing has led the way for an increase in construction. According to Marcus & Millichap Real Estate Investment’s Q4 Apartment Research Market Report, rents grew for the fourth consecutive year, leading to 3,900 units delivered to market by year-end… Read more

Bid Wars Wane In Housing Markets On Supply Rise

Mike Imgarten witnessed a frenzy of demand and a dearth of inventory during a two-month house hunt in Sacramento, California. Fearing he would pay too much after a surge in prices, he said he took a break from searching in June… Read more

Investors Bolster Multi-family Portfolio With 204 Units In Avondale

A company formed by Jeffrey Ctvrtlik and Robert Ctvrtlik of Veritas Investments LLC in Salt Lake City, Utah, and Newport Beach. Calif., paid $9 million ($44,118 per unit) to acquire the 204-unit Newport apartments at 1333 N. Dysart Road in Avondale. The seller was Newport Apartment Owner LLC, a company formed by Adams LaSalle Realty in Chicago… Read more

Reis: Rent Growth on Tap for 2014, but Peaked in 2012

Rent growth has been steadily increasing over the last few years, but it looks like the industry peaked in 2012, according to an analysis by New York-based market researcher Reis. While fundamentals like vacancy rates and supply absorption are healthy, the slow pace of job formation has hamstrung owners’ ability to raise rents… Read more