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#CRE
#commercialrealestate
Congratulations to
@CBRE
's Melina Cordero for being one of
@connectCRE
's Next Generation Award winners. She was recently promoted to lead
#CBRE
’s retail capital markets in the Americas, making her one of the company’s youngest executives.
#CRE
Congratulations to
@CBRE
's Kristina Metzger for being one of our Women in Real Estate 2019 award winners. Metzger leads CBRE’s Data Center Capital Markets practice. She has focused exclusively on data centers for more than 10 years.
#CRE
A new study shows that 1,800 companies left
#California
in 2016, the most recent year figures were available. The main destination for those relocations to more business-friendly states was
#Texas
, according to research by Spectrum Location Solutions.
#CRE
Congratulations to
@CBRE
's Darla Longo and Barbara Perrier for being amongst our 2019 Top Broker Awards honorees. The team closed $6.7B worth of industrial deals last year, representing 78 million square feet of commercial properties.
#CRE
Mortgage bankers in the U.S. closed a record $573.9B in commercial, multifamily loans in 2018. The latest report by the
@MBAMortgage
shows bank portfolios were the leading capital source for loans originated, accounting for $174B of the total.
#CRE
In June, $244 million across 12 CMBS loans were resolved with $92.79 million in losses, carrying an average loss severity of 38.04% for the month,
@TreppWire
’s Jack LaForge reported.
More details:
#connectcre
#commercialrealestate
#crenews
We chose 90 inspirational women in our industry — because of their talent, drive and fresh ideas. We picked these winners from more than 400 nominations sent in by our readers from all parts of the country and from all sectors of the
#CRE
industry:
In National News: The
#CRE
lending market remains robust, despite financial market volatility and increased trade tensions, according to the
@CBRE
Lending Momentum Index. The Q2 rate was steady with Q1, but down 10.6% year over year.
#lendingmarket
The red-hot industrial market is starting to see the effects of high demand and lack of space catching up with each other, according to
@SIORglobal
's latest Snapshot Sentiment Report. This caused confidence in the industrial sector to drop.
.
@PennroseCompany
, along with
#LGBTQ
Senior Housing Inc. (
@sageusa
), have announced plans for a 74-unit, LGBTQ-supported affordable seniors housing community in Boston’s Hyde Park neighborhood.
#CRE
Foreign investment in U.S. net lease has grown with 2018 seeing a 30% Y-O-Y increase in dollar volume,
@CBRE
says. The current year has continued the upward trend, with overseas buys of net-leased U.S. office, industrial and retail properties up 6.6%.
#CRE
.
@connectCRE
is pleased to announce that
@NAIGlobal
’s Jay Olshonsky will be a featured guest speaker at Connect Industrial 2019. Since 2012, Jay has been President and CEO of
#NAIGlobal
, one of the largest
#CR
services firms worldwide.
#ConnectIND
U.S.
#CRE
deal volume fell at double-digit annual rates in Q1 of 2019, according to preliminary data from
@realcapital
Analytics. The latest report cites a bumpy interest rate environment that may have led to a growing sense of investor caution.
“Our team has worked tirelessly to build Connect and the platform. Being listed on the
@inc5000
is a reflection of so much more than our rank and revenue. It’s about the innovation, growth, and hard work of the team that...” - CEO Daniel Ceniceros in
#CRE
Congratulations to
@AvisonYoung
's John Ryan for being one of our 2019 Top Broker Awards honorees. Ryan has over 30 years experience in both landlord and tenant representation. In 2018, he completed 21 leases with a combined value of $165M.
#CRE
Since freelancers have to take into account business expenses such as potentially paying for office space, as well as paying for their rent,
@CommercialCafe
performed a study to find out which states in the U.S. freelancers have it best.
#CRE
#freelancer
#CRE
lending activity remains positive according to the latest research from
@CBRE
. The
#CBRE
Lending Momentum Index, which tracks the pace of commercial loan closings in the U.S., reached a value of 264 in September 2019, up 8.2% from June’s close.
The
@TreppWire
#CMBS
Special Servicing Rate dropped three basis points in December to 5.17%, representing the first decline in the past five months. Six months ago, the rate was 4.91%, and 12 months ago, the rate was 6.75%.
Details:
#CRE
#ConnectCRE
Congratulations to
@Colliers
International's David Carter for being one of our 2019 Top Broker Awards honorees. A multiple award-winner as a top producer, Carter completed more than $178M of sales in 2018.
#CRE
#TopBrokerAward2019
Panelists participating in
@MMREIS
’ “Illinois Future Development Webcast” on March 20, 2019, didn’t agree with
#rentcontrol
. The overall consensus was that rent control, in the long run, can hurt, more than help, housing affordability.
#CRE
Coinciding with
@AvisonYoung
CEO Mark Rose’s appearance at the Connect Chicago conference Thursday was news that the company had agreed to acquire UK-based
@GVAViews
. The acquisition “will ramp up Avison Young’s global expansion plans,” Rose said.
#CRE
.
@LightBoxRE
acquired Real Capital Markets (
@rcm1
), a global marketplace for
#CRE
; and Digital Map Products (
@DMPInc
), a location intelligence and mapping platform. Terms of the transactions were not disclosed.
Cap rates for U.S.
#CRE
properties were stable in the first half of 2019, according to
@CBRE
’s latest North American Cap Rate Survey. The survey attributed the stability to a combination of moderate growth, low inflation and falling interest rates.
.
@TexasCentral
, the organization spearheading the bullet train that will link Dallas and Houston, has secured approximately 30% of the land needed for the entire project. The organization is also on track to ramp up additional acreage buys.
#CRE
The James M.
@CoxEnterprises
Foundation has announced a $6M grant to
#Atlanta
’s
@PATHFoundation
to help finish 300 miles of trails by 2021. The campaign’s main focus will be to link the widely-used Silver Comet Trail directly to downtown Atlanta.
#CRE
Don’t miss Brian Lee, Senior Director at
@hicommon
, speak at Connect NY where he will discuss the company’s newest project with
@tishmanspeyer
. Launched under the brand Kin, the product offers all the benefits and amenities of co-living for singles.
#CRE
Congratulations to
@BentallGreenOak
's Kim Addy for being one of our Women in Real Estate 2019 award winners. Addy is a critical component to the firm’s success and is responsible for ensuring the quality and accuracy of investment opportunities.
#CRE
There’s been little doubt that
#office
#properties
continue to
#struggle
. Increasing concessions, negative absorption and vacant sublease space approaching records continue dogging this property type.
#CRE
The deadline is drawing near to nominate commercial real estate’s top leasing and sales brokers for Connect
#CRE
’s second annual Top Broker Awards. Nominations are due this Friday, Feb. 8, and you can submit yours via the link that appears below.
#CRE
With
#Chicago
as an epicenter for sustainable development, Illinois leads the ranking in the U.S.
#Green
Building Council (
@USGBC
)’s annual roster of Top 10 states for LEED (Leadership in Energy Efficiency and Design) certification.
#CRE
Before
@sterlingbay
can transform the 55-acre Lincoln Yards mixed-use development, first it has to clean it up. The developer has successfully remediated 25K tons of polluted industrial soil and 200K gallons of contaminated water.
#CRE
#CREnews
Congratulations to
@Savills
' Ann Duncan for being one of our Women in Real Estate 2019 award winners. Duncan currently serves as an Executive Vice President at
#Savills
, and the head of the firm’s Occupier Services team.
#CRE
Connect Media Announces the Winners of Our 2022 Annual Women in Real Estate Awards!
Hundreds of submissions, we have highlighted women with achievements and inspirational stories who have reached respected positions of leadership and more.
Winners:
#CRE
Barbara Perrier serves as Vice Chairman of
@CBRE
where she co-leads the Industrial and Capital Markets group, as well as the western division of National Partners. Join us on March 21 when Perrier takes the stage at Connect Los Angeles.
#CRE
North American Properties (
@NAP1954
) has announced the first nine tenants at
@ExperienceRevel
, the $900M, 118-acre mixed-use project anchored by Infinite Energy Center in Gwinnett County.
#CRE
#CREnews
Though
#commercialrealestate
is primarily male-dominated, women are building a solid presence in the industry. In an effort to determine to what extent this is happening,
@CREW_Network
is spearheading its 2020 benchmark study.
#CRE
#CREW
.
@hicommon
's Brian Lee will take the stage on April 30 as part of
#ConnectNewYork
’s panel discussion of the multifamily sector. In advance of next week’s event, Connect Media sounded out Lee for his insights into coliving:
#CRE
Former
@TIME
Magazine photographer Diana Walker was interviewed by her son,
@WalkerDunlop
Chairman and Chief Executive Officer on Oct. 19. The topic? Behind-the-scenes stories supporting her front-of-mind photos.
Details:
#ConnectCRE
#CRE
#WalkerWebcast
.
@AvisonYoung
’s investment sales team has been tapped to sell 109 W. 27th St., in Midtown South. The team of James Nelson, Neil Helman, Charles Kingsley and David Lawrence is marketing the property on behalf of the seller,
@IconRealtyMgmt
.
#CRE
.
@coldwellbanker
Commercial talked with Edward Smith, Ph.D., Invest Atlanta’s Opportunity Zones Manager, about how the organization is ensuring the
#OpportunityZone
program is an instrument of economic development and social change.
#CRE
#CREnews
.
@CushWake
has brokered the sale of five apartment communities in Montgomery, AL for a total of $77.1M. The properties encompass 868 units. The communities traded include Arbor Station, a 288-unit property built in 1988; Stratford Village.
#CRE
#CRE
Office market leasing in Manhattan is showing clear signs of breaking out of the pandemic shutdown, according to reports from
@Colliers
&
@Transwestern
. Volume increased in July for the third consecutive month & was the strongest one-month tally in a year.
The U.S. media continues putting rising interest rates and inflationary concerns in its headlines. Yet international institutional investors continue to view U.S. commercial real estate as “a preferred destination for real estate investment."
Details:
#CRE
The pandemic accelerated both tenant and institutional investor demand for life science real estate last year, from wet lab and incubator space to bio-manufacturing and R&D properties, according to a new report by
@Newmark
. More below!
#CRE
A bill to overturn the statewide ban on
#rentcontrol
has stalled in committee, possibly killing it for the remainder of the legislative session. House Bill 255 would have repealed a 1997 state law known as the Rent Control Preemption Act.
#CRE
#Illinois
Congratulations again to
@AvisonYoung
's Nicola Heryet for being chosen as one of Connect Media's Women in Real Estate 2018 award winners. Spanning over three decades, her career is filled with long-term, brand-name clients.
#CRE
#WomenInRealEstate
Even as fund managers, developers and investors continue to figure out ground rules of the
#OpportunityZone
program, a report prepared by
@Yardi
Matrix provides a study of properties across the 8,700 nationwide Opportunity Zones.
#CRE
2019 was a banner year for
@connectCRE
. The company’s “amazing” growth trajectory is illustrated by the numbers: 200K+ unique visitors to the website each month, 10K+ conference attendees across our 22 events and 250-plus advertisers and sponsors...
#CRE
.
@harwoodintl
is making plans for another office tower in the mixed-use, 3M-square-foot Harwood District of
#Dallas
. The plans, in fact, for Harwood No. 12 have recently been filed with the city. If approved...
#CRE
#CREnews
As Chairman and CEO, Mark Rose has been the driving force behind
@AvisonYoung
’s rapid expansion. Hear from industry leader Mark Rose at
#ConnectChicago
when he participates in the keynote conversation on November 8.
#CRE
#CREconference
.
@CBRE
’s Spencer Levy, Chairman of Americas Research & Senior Economic Advisor, kicked off Connect Westside Los Angeles last week noting how similar today’s CRE issues are to those faced over the past 50 years.
#CRE
#ConnectWLA
Meet the Winners! Connect Media chose 51 young leaders who are likely to be influential in
#CRE
for a long time. Chosen from nearly 500 nominations submitted by readers, here are Connect's 2018 NextGen Award winners.
#ConnectNextGen
The Real Estate Center at Texas A&M University (
@TexRec
) had good news for the Texas apartment sector. Specifically, the majority of areas in
#Texas
(both metropolitan and micropolitans) demonstrated both positive occupancy and rent growth...
#CRE
#CREnews
The two major retail components of Colony Place in Plymouth, MA have sold to
@RainierCos
for a reported $83M.
@Newmarkkf
’s Robert Griffin, Geoffrey Millerd, Justin Smith and Paul Penman represented Saxon Partners.
#CRE
#commercialrealestate
A new report by
@BeaconEcon
and think tank
@Next10
reveals many
#California
cities are falling behind on their low-income housing production targets. The study finds California’s housing goals are exacerbating a housing crisis, and notes...
#CRE
The flight-to-quality trend has given a boost to high-end office space in Manhattan, as reported by
@CBRE
's Nicole LaRusso, Michael Slattery and Jared Koeck. Office leases with starting rents of $100 or more per square foot hit a new high in 2021.
We are proud to announce that Connect Commercial Real Estate will be launching three bi-weekly national newsletters focused on the Office Market, the Hospitality Sector and Distressed Assets. To sign up, visit ↓
The
@TreppWire
#CMBS
Delinquency Rate fell again in August, setting another new low. The August reading sits at 2.54%, which marks a month-over-month drop of eight basis points. The delinquency rate is down 110 basis points year-over-year.
#CRE
#CREnews
Although New York City’s investment sales market continues to slow overall, industrial is riding high. Year-to-date volume in the sector is up 145% citywide from 2016, and it’s poised to reach $2.4B for the year, according to
@b6realestate
Advisors.
#CRE
Norwich Partners has broken ground on the 174-room AC Hotel by Marriott Sawgrass Mills in Sunrise.
@Stantec
is serving as project architect, structural and MEP engineer of record, working in partnership with
@Group1Partners
.
#CRE
#CREnews
Congratulations to
@CushWake
's Jim Bailey for being one of our 2019 Top Broker Awards honorees. A vice chairman in the Houston office, Bailey negotiated more than 2.8M square feet of leases with dollar volume of nearly $413M.
#CRE
#TopBroker2019
A new report from
@Yardi
Matrix shows that the U.S. office market is continuing its strong performance into 2019. Asking rents rose by 0.5% in the three months ending in January. The report illustrates that job growth in office-using industries...
#CRE
Congratulations to
@BradfordCRE
's Joe Santaularia for being one of
@connectCRE
's Next Generation Award winners. Santaularia successfully worked with industrial clients on signing new leases, as well as expansions, renewals, relocations, and brokerage.
#CRE
Commercial mortgage investments held by life insurance companies posted a positive 1.22% total return in the fourth quarter of 2020, a slight decrease from the positive 1.71 return realized in the third quarter, according to the latest
@TreppWire
report.
Greg Maloney,
@JLL
’s retail division CEO in the Americas, pointed out that despite all the new tech gizmos retailers and shopping centers are integrating into the shopping environment, consumers actually favor some good old-fashioned approaches.
#CRE
$JLL
A partnership between Alexandria Real Estate Equities and
@nationaldevelop
acquired General Electric Co.’s HQ property in Boston for $252M. The deal gives back $87M to
@MassDev
as part of the public funds that had been invested in property.
#CRE