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JULY 9, 2019

Top Story

Alternative Properties

Foreign Investors Slow Down U.S. Hotel Acquisitions

By Sebastian Obando, Staff Writer

Foreign investors reduced buying activity in the U.S. hotel sector so far this year, according to industry experts. Cross-border net hotel acquisitions have “definitely been decelerating,” according to Matthew Schreck, senior quantitative strategist at Ten-X Commercial, a commercial real estate marketplace. Dispositions of U.S. hotel assets by international entities totaled around $607 million year-to-date in 2019, compared to $588 million in cross-border hotel acquisitions.

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HALL Structured Finance is an entrepreneurial, value-add, direct private lender that provides ground-up construction, adaptive reuse and major asset repositioning for commercial real estate projects throughout the United States.

Analysis

Multifamily

Trade Tensions Raise Construction Costs in the Multifamily Sector

By Bendix Anderson, Contributing Writer

The tariff wars are causing the price of construction materials to rise, construction contractors are saying. “Approximately 60 percent of the cost increases we’ve seen recently are directly related to tariffs,” says Aaron Trascritti, director of client relations for Summit Contracting Group, a multifamily general contractor.

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Commentary

Finance & Investment

When Fighting Climate Change, Government Can’t Go at it Alone

By Eric Singer and Andrej Micovic

Residents of Miami, where we are based, need no reminder that South Florida is on the front lines of the battle against climate change—particularly during hurricane season. Many of the region’s municipalities have been proactive in prioritizing resiliency measures, but in the face of limited financial resources and uncertainty about what the future will bring—for example, just how high seas will rise, and when—we still have a long way to go to future-proof our infrastructur

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NREI Wire

SunTrust Is Latest Bank to Halt Financing of Private Prisons

Bloomberg

The bank said it won’t provide loans to companies that operate private prisons and immigration holding facilities.

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Deutsche Bank Keeps Plans for Midtown NYC Move, Developer Says

Bloomberg

The bank hasn’t changed plans to move to a 1.1-million-sq.-ft. space at One Columbus Circle.

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10 Must Reads for the CRE Industry Today

By NREI Staff

To keep up with online grocery shopping and prepared meals, the U.S. will need 100 million sq. ft. of new cold storage warehouse space over the next five years, reports the Los Angeles Times. A California startup launches a marketplace where investors can buy stakes as low as 10 percent in single-family rental homes, according to the Wall Street Journal. These are among today's must reads from around the commercial real estate industry.

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