Evidence continues to mount that real estate investors are becoming more cautious as investment sales volume in the third quarter fell 6.0 percent compared to the year prior, to $151 billion, according to research firm Real Capital Analytics (RCA). However in two of the sectors RCA tracks—industrial and hotel—sales volumes rose by double digits relative to the same period in 2018.
The Federal Reserve opted to cut interest rates for the third time this year at its October meeting, by a quarter percentage point, to a range of 1.50 to 1.75 percent. But while lower rates should sustain the positive momentum in the commercial real estate industry for now, there are concerns about whether the rate cuts were really needed, according to industry sources.
The pending $12.6 billion purchase of industrial and office REIT Liberty Property Trust by industrial REIT Prologis Inc. represents the biggest REIT M&A deal announced so far in 2019. But does it represent a harbinger of further M&As in the industrial REIT sector? Experts say it’s unlikely that the acquisition signals a stepped-up pace of consolidation among industrial REITs.
Weighing factors including population growth, median age, higher education degrees, job growth and more than a dozen other factors, website Point2Homes.com generated a list of the most dynamic American cities.
NREI recently talked with real estate economist Sam Chandan, the Larry & Klara Silverstein Chair in Real Estate Development & Investment with the NYU Schack Institute of Real Estate, to hear his views on what’s ahead for commercial real estate and how the Shack Institute is adapting to serve the changing needs of the industry.
Not everyone is on board with the deal, as there were minority shareholders who opposed company Executive Chairman Richard Baker's original bid. The company needs a majority of shareholders to approve the proposal for it to be finalized.
Financial advisors looking to attract and retain sustainable and impact investors may have a new arrow in their quiver in the form of the Opportunity Zone program—a special real estate and business development investment that incentivizes capital flow into low-income census tracts.
Cities like Los Angeles, San Francisco and New York City are often top of mind when thinking about our nation’s affordable housing crisis. But the affordable and workforce housing shortage isn’t limited to the country’s primary markets.
Marriott International Inc. has sold the St. Regis New York for $310 million to Qatar’s sovereign wealth fund, offloading a historic property that served as the launching point for an indispensable cocktail and global luxury brand.
