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Los Angeles Construction lenders have a healthy appetite for apartment deals. Despite the strong construction activity across the country, construction lenders feel comfortable lending on apartment deals, even with the threat of a recession coming in 2020. In fact, construction lenders are also showing a general openness to alternative multifamily products. “We are generally seeing
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SCOTTSDALE, AZ—What will 2020 bring in regard to new development, leasing, and financing in healthcare? That was one of the many questions tackled by panelists at the recent GlobeSt. Healthcare Real Estate Conference held here this week. In one particular panel, for example, panelists discussed how investor groups are designing their strategies to meet the
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Opportunity Zones have been touted as catalysts for rebuilding neighborhoods (credit: Stanford University). SAN FRANCISCO—A recent study commissioned by Lighthouse.one, the Opportunity Zone investment platform, surveyed 1,000 US adults with an interest in investing. The survey’s goal was to better understand the interested investors’ feelings around choosing ventures that support local communities and benefit society
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Contractors work on townhouses under construction at the PulteGroup Metro housing development in Milpitas, California. David Paul Morris | Bloomberg | Getty Images Homebuilders aren’t building enough for millennials That generation is expected to be the largest single cohort of homebuyers next year, but the nation’s homebuilders are not keeping up. This is already exacerbating
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Jon Hipp In Q2 2019, we reported that cap rates were down, quarter over quarter, by 11 basis points (bps). Three months later, the story is different. During the third quarter, cap rates ramped up by 16 bps, from 6.41% to 6.57%. An increase in cap rates can mean more buyers are in the market,
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A home for sale is seen in Santa Monica, California. Lucy Nicholson | Reuters The combination of a holiday week and a stagnant mortgage rate environment kept borrowers away from their lenders last week. Mortgage application volume decreased 9.2% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The week’s results
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The UK’s biggest commercial property fund has been suspended after its adminstrators claimed “Brexit-related political uncertainty,” was causing investors to remove money at an unsustainable rate. Investment firm M&G added in a statement Wednesday that changing trends in U.K. retail were also having a negative effect on property demand. “In recent months, unusually high and
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Gil Borok Colliers International has promoted Gil Borok to president and CEO | USA effective immediately. Borok is currently Chief Operating Officer | USA and acting leader of the US business. Prior to joining Colliers, Borok spent 15 years in a variety of leadership positions at CBRE, including CFO from 2010 to 2014. Since joining
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CNBC’s Diana Olick reports on a surprising downbeat forecast for the 2020 housing market from one of the largest names in real estate. Tom Farley, chairman and CEO of Far Point and former NYSE president, and Joe Terranova, senior managing director for Virtus Investment Partners, join “Squawk Box” to discuss. 01:58 17 minutes ago
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Photo by Shutterstock Increasing interest from institutional investors has helped to push the medical office sector to hefty transaction volumes and steady occupancy despite record construction in the second quarter. A new report from CBRE notes that US transaction volumes this year for medical office properties are 50% higher than their pre-recession levels. Meanwhile, medical-office
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San Diego Regardless of tariffs and trade disputes or the upcoming presidential election, industrial activity is expected to remain healthy through 2020. Most investors are planning to continue to remain active buyers in major markets, and while pricing is already reaching peak levels, there is still room for more cap-rate compression. Secondary and tertiary markets,
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Crafts retailer Michaels will assume up to 40 A.C. Moore store leases. BERLIN, NJ—Crafts retailer A.C. Moore will be shuttering all of its more than 145 stores along the eastern seaboard, the company’s parent has announced. Locally-based Nicole Crafts, the parent company of A.C. Moore, announced that it was exiting its retail operations and has
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Workers install roof trusses on a home under construction in Vineyard, Utah. George Frey | Bloomberg | Getty Images Continued low mortgage rates are keeping bankers busy, as refinance applications continue to rise. Refinance volume helped push total mortgage application volume up 1.5% last week compared with the previous week. Volume was 153% higher compared
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NEW YORK CITY – Cap rate compression in the current market environment is expected to come to a halt heading into the 2020 election year as investors consider their exposure to domestic and geopolitical risks, Matthew Mousavi, managing principal at SRS National Net Lease Group, tells GlobeSt.com. The upcoming election and swings within the political
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“Location is a big consideration for physicians and the larger practice groups because the model now is consumer-based,” says Pontius. SAN FRANCISCO–As we prepare to swing into the new year, the outlook for the medical office sector is good…largely. Underpinning the market, as it always has, is the continual aging of the population and the
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Photo by Shutterstock KANSAS CITY, MO—EPR Properties has sold just about all of its charter school assets for $454 million to a fund sponsored by Rosemawr Management, LLC. The portfolio consists of 47 charter school related assets, except for three charter schools the REIT recently sold for $21.6 billion and one remaining school that is
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David Chapin Many malls across the country are struggling, but there are possible fixes in some situations. A solution used to revitalize the West Oaks Mall in Orlando could be a model for other shopping centers. In Orlando, the Sunpass Customer Service Center, which is operated by Xerox, leased 75,000 square feet space in a
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NEW YORK – Capital One has appointed a new executive vice president and head of commercial real estate. Jamie Henderson will join the firm in the new position in January 2020. Henderson holds nearly 20 years of experience within the space as a lender and investor across multiple assets classes, with both private and public
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