The Loan Committee™

FIRST LOOK: Galleria Mall redevelopment plan changed again. No more hotel or office, plenty of residential & parks https://t.co/YWEgOSDv5n pic.twitter.com/m90wRoMrV8

— Brian Bandell (@SFBJRealEstate) October 18, 2016

This may well be the year that property owners in secondary and tertiary markets get a chance to cash in on the spending spree of the nation’s largest publicly held REITs and real estate operating companies. The torrid pace of acquisitions seen within this sector over the past two years is expected to continue this year, but with more buyers casting their nets across more markets.  read entire article.  Author:  Mark Heschmeyer.  Source:  CoStar® Group.

With vacancy rates modestly falling and rents moderately rising in commercial real estate sectors, market fundamentals have improved, but financing remains a challenge for small business, according to the National Association of Realtors® quarterly commercial real estate forecast…National vacancy rates over the coming year are expected to decline 0.1 percentage point in the office market, 0.5 point in industrial, and 0.3 point for retail; however, the average multifamily vacancy rate is forecast to rise 0.2 percentage point, with that sector still showing the tightest availability and biggest rent increases.  read entire article.  Author/Media Contact:  Walter Molony.  Source:  National Association of Realtors®

Miami’s commercial market continued its climb out of the downturn in 2012, with improvements across the retail, office and industrial sectors.  But what’s on the horizon for a market vulnerable to a still stagnant national and local economy?  read entire article….  Source:  The Real Deal.  Author:  Alexander Britell.

Commercial real estate’s slow recovery will continue in 2013, according to the Emerging Trends in Real Estate 2013 report released today by PwC and the Urban Land Institute at the ULI Fall Conference taking place in Denver.  The report, generated by surveys and interviews with 900 real estate investors, developers, service providers and lenders, shows expectations that trends that have materialized in recent years will continue in 2013.  read entire article….  Author:  David Bodamer, Source:  National Real Estate Investor

After sales plummeted earlier this year, investors are once more slowly warming up to grocery-anchored shopping centers. Two major portfolio of properties changed hands this past week.

Sales totals of neighborhood / community shopping centers topped $1.2 billion in every quarter of 2011, and surpassed $2 billion in each the third and fourth quarter of that year. Then sales of this type retail center plummeted to $600 million in the first quarter.  read entire article…  Author:  Mark Heschmeyer,  Source:  CoStar Group

September proved to be a busy month for the single tenant net lease sector.  Within a 24-hour period on September 6, Realty Income Corp., an Escondido, CA based REIT specializing in net lease properties, bought American Realty Capital Trust, which owns 501 mostly net lease buildings, for approximately $2.95B, then Lexington Realty Trust, a New York City based REIT, announced it was acquiring a portfolio of net lease office and industrial properties from its joint venture with Inland American for $480M.  Author:  Elaine Misonzhnik, Source:  National Real Estate Investor

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