Trepp data shows that the decline came primarily from improvements in the hotel and retail sectors. Delinquencies on retail-backed CMBS loans went down by 28 basis points to 4.07 percent. Delinquencies on hotel-backed loans went down by 26 basis points to 1.54 percent.
In the past few years, we’ve seen an uptick in private investors that were focused solely on single-tenant retail branch out and expand into multi-tenant product at a more rapid pace as they chase yields. It’s seemingly a natural progression, but prior to about 2015, it was perhaps a bit less common for the private investor segment.
The monthly Architecture Billings Index (ABI) from the American Institute of Architects fell to 47.2 from 50.1 in July. Any score below 50 indicates a decrease in architecture firm billings.
Co-working companies are expanding and raising money amid WeWork's postponed IPO, reports the Wall Street Journal. Suburbs are beginning to take elements of urban cities in order to appeal to the millennial generation, according to Forbes. These are among today's must reads from around the commercial real estate industry.
