JANUARY 7, 2021

Top Story

Net Lease Sector Showed Strength in the Fourth Quarter of 2020

By Elaine Misonzhnik, Executive Editor

While many sectors of commercial real estate continued to struggle in the fourth quarter of 2020, investors’ preference for net lease assets remained strong. Investment sales activity in the sector resumed to the highest level in four quarters and average cap rates reached record lows, according to the most recent report from the Boulder Group, a boutique real estate investment services firm specializing in single-tenant net lease properties. At the end of the third quarter, the net lease share of all investment sales activity in the U.S. commercial real estate market reached 18.4 percent, compared to its five-year average of 11.8 percent, reported real estate services firm CBRE.

FULL ARTICLE

Gallery

The 20 Most Expensive Luxury Real Estate Markets in the U.S.

By Wealthmanagement.com Staff

Myaffordableluxury.com recently analyzed the top 10% of listings on Redfin and Zillow (each with a price of at least $500,000—a widely accepted definition for luxury property) and ranked all the cities based on the highest threshold necessary for a home to be labeled locally as luxury property. Here are the 20 most expensive luxury real estate markets in the country.

FULL ARTICLE

Market Trends and 2021 Outlook

WMRE Wire

VC Firm Fifth Wall Plans Property Technology-Focused SPAC

Bloomberg

The firm selected underwriters for a blank-check company that will seek out a target in the proptech sector.

FULL ARTICLE

N.Y. Sports Clubs Owners Seek New Money Amid Gym Cash Crunch

Bloomberg

The firms that bought New York Sports Clubs and Lucille Roberts out of bankruptcy are looking for new financing to help them survive.

FULL ARTICLE

10 Must Reads for the CRE Industry Today

By WMRE Staff

Amazon is committing more than $2 billion to create affordable housing near some of its hubs, reports the Wall Street Journal. CVS announced that its first round of vaccine doses in skilled nursing homes would be completed by Jan. 25, according to MarketWatch. These are among today’s must reads from around the commercial real estate industry.

FULL ARTICLE