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Feature Archive

RECon Recap: ‘The Magic’ Is Reimagining Real Estate, Panel Concludes

LAS VEGAS — In the midst of a particularly tumultuous period for the retail sector, evidenced by waves of store closures, what advice do seasoned shopping center executives have for aspiring young professionals seeking to make their mark in this business? The question arose Monday during a panel discussion moderated by Marcus & Millichap’s Bill Rose, national director of the brokerage firm’s retail group, at the Renaissance Las Vegas Hotel. The hour-long program, titled “Retail..

May 25, 2017

If These Walls Could Talk: The Power of Environmental Graphic Design

On a basic level, environmental graphic design (EGD) is about communicating information through visual media and tactical installations. But it’s not just about conveying information, it’s also about expressing ideas and identity. On a more engaging level, EGD is about making a space memorable and about connecting people to spaces through the thoughtful and strategic use of graphics, signage, art and artistry. EGD includes a wide array of applications and expressions. From practical and..

May 23, 2017

Study: Renters Prefer Suburbs in Most Major Metros

The days of renting in the city and buying in the suburbs may have come to an end. According to a recent study from national apartment locator service RentCafé, in 19 of America’s 20 largest metros, the suburbs are attracting more renters than urban neighborhoods. Between 2011 and 2015, several metros — New York, Los Angeles, Houston, Philadelphia — experienced greater overall population growth in urban neighborhoods than in suburban ones. However, only Philadelphia saw a greater..

May 18, 2017

Will CMBS Lenders and Borrowers Adapt to the Shifting Retail Landscape?

Over the past two years, quarterly earnings results that followed holiday shopping seasons have come with a side of fresh store closures as well as new bankruptcy filings by major retailers. In the first few weeks of 2017 alone, long-established chains such as RadioShack, JCPenney, Macy’s, CVS, and Gordmans announced plans to shutter hundreds of underperforming store locations from their portfolios, putting added pressure on numerous commercial real estate landlords and mall center..

May 16, 2017

Seniors Housing Draws Customers to Mixed-Use Centers

Generally, when one thinks about the massive, new mixed-use projects under development, a few images come to mind. Apartments, offices, hotels and retail mixed together, with some green walking trails and open spaces. Seniors housing, however, is probably not among those first impressions. This idea is changing, though, as mixed-use developers and seniors housing owners and operators begin to see the mutual benefits that senior living can bring to a project. The demographic wave of Baby..

May 11, 2017

Multifamily Rents Climb in 81 Percent of U.S. Markets in April, RENTCafé Report Shows

Average U.S. apartment rents saw a modest increase of 0.2 percent from March to April 2017, but rents increased in 81 percent of markets nationwide, according to a report from RENTCafé. The report uses data from the apartment listing service’s parent company, software provider Yardi. The RENTCafé research team analyzed data across the 250 largest cities in the United States for buildings containing 50 or more units. Based on the data, the average U.S. apartment saw a $2 increase in..

May 9, 2017

M&M: Positive Economic Forces Buoy Net-Leased Retail Sector, Despite Rising Interest Rates

Steady growth of the U.S. economy will likely continue through 2017, benefitting a wide range of single-tenant, net-lease retail concepts that will dominate the development pipeline over the coming year, according to Marcus & Millichap’s latest Net-Leased Retail Research Report. The report details three aspects of the U.S. economy that are proving to be positive forces for the net-leased retail sector: job growth, consumer sentiment and core retail sales. Job growth gains averaged..

May 4, 2017

MBA: First-Quarter Mortgage Originations Up 9 Percent Year Over Year

WASHINGTON, D.C. — Commercial and multifamily mortgage originations increased by 9 percent during the first quarter of 2017 on a year-over-year basis, according to the Mortgage Bankers Association (MBA). The results are based on the MBA’s Commercial/Multifamily Mortgage Bankers Originations index, which has tracked quarterly activity since 2002. The first quarter saw the dollar volume of loans for industrial properties increase by 40 percent compared with the first quarter of 2016...

May 4, 2017

InterFace Panel: Parking Spaces Present New Opportunities for Developers

HOUSTON — As e-commerce continues its siege of brick-and-mortar retail, shopping center developers in Houston are re-evaluating and repurposing the space currently allotted for parking. Virtually all centers are seeing reduced need for parking space, which creates opportunities to reclaim that space for more efficient uses, like adding another in-line store. At the InterFace Houston Retail conference on April 18, moderated by David Luther of Marcus & Millichap, industry experts spoke..

May 3, 2017

Low Turnover, Higher Rental Prices Lead to Attractive Apartment Market for Landlords

CHICAGO — Six in 10 apartment landlords say it is more profitable and attractive to be a landlord than it was five years ago, according to a new survey from TransUnion SmartMove, a tenant screening service for owners. The survey was conducted in March 2017 and included responses from 689 landlords across the country. At the close of the first quarter of 2017, property owners indicated it was easier to find qualified renters and that resident turnover had declined compared with the same..

May 2, 2017