| Check Out RENTV's Latest Podcast!
The commercial real estate industry has found its voice!!
We've just posted the latest episode of the RENTV CRE News & Views Podcast by Steve Bloom, sponsored by Capital Rivers Commercial and Redwood Mortgage.
RENTV's CRE N...
| 1.8 Million Jobs Were Created in July, Exceeding Expectations
This U.S. Economic Watch report was provided to us by global real estate services firm CBRE
• 1.8 million jobs were added in July vs. an expectation of 1.5 million, following the strong gains that were ac...
| California Commercial Real Estate to Be Negatively Affected Through 2023 Due to Impact of Pandemic
In the wake of the current pandemic-induced economic recession, the Summer 2020 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows uniform pessimism and a drop in sentiment for developers acro...
| Evolution of Online Retail Drives Retail-to-Industrial Conversion Projects Across the U.S.
This report was provided by real estate services firm CBRE
A new CBRE report finds that 13.8 msf of retail space has been converted to 15.5 msf of industrial space across the country since 2017. As ecommerce continues to exp...
| BH Properties Launches Program to Finance and Acquire Troubled Properties
BH Properties has launched a debtor-in-possession (“DIP”) initiative and has set aside $200 million in initial funding to finance and acquire troubled middle market real estate assets in receivership or facing bankruptcy. BH ...
| Construction Employment Rose from May to June in 31 States; Slips in 18 States
This report was provided by the Associated General Contractors of America
Construction employment increased from May to June in 31 states and the District of Columbia, but the gains may have stalled, according to an analysis...
| Portfolio of 16 Chase Bank Properties in California Listed for $63.8 Mil
MetLife Investment Management (MIM) has awarded the marketing assignment for a portfolio of 16 current and former Chase Bank retail properties throughout California to a team from CBRE. The portfolio has a total asking price ...
| 30-Year Fixed-Rate Mortgage Drops to 3.03%
According to Freddie Mac’s just-released results from its Primary Mortgage Market Survey® (PMMS®), the 30-year fixed-rate mortgage (FRM) averaged 3.03 percent, the lowest rate in the survey’s history dating back to 1971.
| Two CA Multifamily Assets Land Freddie Mac Refi Loans Totaling $208 Mil
In recent residential refi transactions of note, we’ve got the scoop on two CA Freddie Ma property loans totaling about $208 mil. The deals, both arranged by NKF’s Multifamily Capital Markets team, were for assets at both end...
| Annual Industrial Absorption Expected to Hit 333 msf by 2022
This report was provided by real estate services firm CBRE
Fueled by e-commerce growth, annual net industrial absorption will total more than 333 msf by 2022, leading to annual rent growth of 5.7%, according to the latest CB...
| Overton Moore to Install 275 Charger Stations at Spec Bay Area Development
Overton Moore Properties (OMP) has commenced work on Phase II at Pacific Commons South (PCS) has commenced Phase II in Fremont. As part of the development, Overton Moore is undertaking one of the largest individual installati...
| Latest Numbers Show Construction Activity Returning to Pre-Coronavirus Levels in Many Parts of the Country
This report was provided to us by The Associated General Contractors of America
A new survey by the Associated General Contractors of America and data from construction technology firm Procore show that construction activit...
| Electric Utility Rate Optimization Tool from Gridium Saves $47,000 in Expenses at Bay Area Office Park
Gridium’s new electric utility rate optimization tool has cut approximately $47,000 in operating expenses at The Towers Emeryville, an 814k sf, Class A office park in Emeryville, which is part of a KBS client portfolio. Gridi...
| CapRock Partners Completes Second Closing of CapRock Partners Industrial Value-Add Fund III
CapRock Partners has closed a first and subsequent second closing of CapRock Partners Industrial Value-Add Fund III, totaling more than $180 mil of committed capital in the fund and co-investment vehicles. The firm’s fifth fu...
| Review of Key Provisions in Proposed California Legislation (SB-939) Impacting Commercial Real Property Owners and Developers
Jonathan N. Zweig
Cox, Castle & Nicholson LLP
There is urgency legislation pending in the State of California known as Senate Bill No. 939 (“SB-939”) that proposes to add Section 1951.9 to the Civil Code (“Sec...
| Most Employers in CBRE Study Favor Phased Return to Workplace
This report was provided by real estate services firm CBRE.
Most companies included in an analysis by CBRE plan to take a gradual, cautious approach to bringing employees back to their workplaces as governments begin to lift...
| CoStar Group to Acquire Ten-X Commercial in $190 Mil Deal
CoStar Group Inc, the publicly traded commercial real estate information provider, has agreed to acquire Ten-X Commercial for $190 mil in cash.
Ten-X was launched in 2009 with the goal of providing a digital transaction plat...
| Black Swan Reset and the Fate of Commercial Real Estate
By Elliot M. Shirwo, Founder and Principal
BridgeCore Capital Inc
We are in the grips of a global black swan event.
The COVID-19 pandemic is having a near-catastrophic impact on most sectors of the world economy. For comm...
| Resident Relief Foundation Launches Multifamily Industry Fundraising Effort to Address Impact of COVID-19 Pandemic
The Resident Relief Foundation (RRF), a nonprofit organization that provides rental assistance grants to help responsible residents pay rent during a temporary emergency, today announced the launch of the “Resident Relief Ini...
| Here are Some Tips for Landlords and Tenants on How to Re-Open Office Spaces
In an effort to better prepare clients for post-COVID-19 recovery and the eventual return to the workplace, global real estate services firm Cushman & Wakefield has released Recovery Readiness: A How-to Guide for Reopening yo...