Mid 2012 Investment Outlook published by NREOnline.com has been published.
Fits and Starts for Commercial Real Estate Volume
By Bendix Anderson, Contributing Writer
The commercial real estate recovery, like the rest of the economy, had a late spring slowdown. “We had a strong first quarter and a softer second quarter as investors became concerned about sovereign debt issues,” says Janice Stanton, senior managing director of Capital Markets for commercial real estate broker Cushman & Wakefield.
Commercial real estate brokers and researchers see a similar stall in momentum. The strongest activity is still confined to [Full Article]
Several Price Indices Show CRE Values on the Rise
Jul 25, 2012 1:02 PM, By Bendix Anderson, Contributing Writer
Prices keep rising for commercial real estate properties, according to indices kept by top real estate firms—but not as quickly as in the years just after the crash.
“There’s been a pause in the numbers,” said Jeffrey Havsy, director of research for the National Council of Real Estate Investment Fiduciaries (NCREIF). “People are waiting to see… We’ve had some economic uncertainty. Retail sales are sluggish.”
Top indices from NCREIF, Moody’s/Real Capital Analytics, the CoStar Group and Green Street Advisors all show a sharp, [Full Article]
Observers Say Concerns Over Multifamily Overbuilding are Overblown
Jul 10, 2012 2:17 PM, By Jennifer Popovec, Contributing Writer
After several years of little new apartment construction, development activity has ramped up. But industry experts aren’t worried about overbuilding. The number of units under construction is still below historic norms. Plus, most properties coming online today are leasing quickly—with some rental rates well above expectations.
“We’re coming off two exceptionally low years of new deliveries, and we’re still well below the long-term average,” says Michael Ging, Alliance Residential Company’s (ARC) Florida managing director of development. “I don’t see where we’re going to have an oversupply condition.” ARC’s newest property, [Full Article]
Commercial Properties are Returning to Health, but Property Managers Remain on Active Duty
Jul 10, 2012 2:29 PM, By Elaine Misonzhnik, Senior Associate Editor
A property manager’s job is never done. Especially not in today’s world, where the need to retain old tenants and attract new ones, combined with those tenants’ heightened expectations for round-the-clock service, have left property managers with more responsibilities than ever.
Just a few years ago, property management was about basic building services: contract negotiations, rent collection, cleaning and maintenance, says Dan Pufunt, president of property management with Jones Lang LaSalle in Chicago. Today, property managers also have to [Full Article]