In retail, nothing remains the same for long. A century ago, America saw the rise of mega department stores as category killers. In the middle of the 20th Century, regional malls were beginning their rise. That was followed by the power centers and lifesyle centers of 1990s and 2000s. Today, experience is the name of the game; consumers would rather spend time doing what they enjoy than shopping for common goods. They strive to make every trip an experience. In some ways, it is..
Owners should be delighted to see the value of their property increase, but in our current tax environment, higher property values have become synonymous with higher property taxes. School districts, municipalities, counties, and other taxing units have the power to limit property tax bills by lowering their respective tax rates as property values rise. Instead of doing this, however, many taxing entities opt for a tax revenue windfall. Remarkably, as they collect this additional revenue,..
Portfolio sales occupy their own unique category of commercial real estate transactions. The challenges, complexities and procedural nuances that make portfolio sales so distinctive also limit the number of parties that can make such purchases. In a standard commercial real estate transaction, familiar steps in a fairly standard process give prospective buyers plenty of time and opportunity to conduct their due diligence. From a buyer’s standpoint, there is little to no risk until your..
WASHINGTON, D.C. — The vast majority of foreign investors in U.S. real estate will either maintain or increase their level of investment from 2016 to 2017, according to a newly released survey conducted by the Association of Foreign Investors in Real Estate (AFIRE). AFIRE is a Washington, D.C.-based organization assisting and representing foreign investors, with over 200 members from 22 countries. According to the organization’s survey, 95 percent of its members will spend the same or..
NEW YORK — Following a turbulent year in 2016, the U.S. economy and commercial real estate markets are positioned to perform well in 2017, according to Cushman & Wakefield’s latest U.S. Macro Forecast. The report provides Cushman & Wakefield’s forward-looking stance on the U.S. economy, commercial real estate and the risks/assumptions that underlie the forecast. “Even before the election, the U.S. economic fundamentals were showing signs of heating up,” said Kevin Thorpe,..
Working with CBRE’s vast clientele of retailers and developers, Melina Cordero, the company’s head of retail research for the Americas, is constantly delving into trends and how they convert to dollars and cents. REBusiness Online’s sister publication Shopping Center Business recently met with Cordero to find out what trends retailers, shopping center owners and developers, and CBRE’s retail brokers are asking her to look into to get a glimpse of some national trends on the..
Cap Rates for Net Leased Retail Properties Increase for First Time in Three Years, Says Boulder Group Report
NORTHBROOK, ILL. — Cap rates in the fourth quarter of 2016 for the single-tenant net lease sector increased or remained the same for office, retail and industrial assets, according to The Boulder Group’s quarterly Net Lease Market Research Report. Retail cap rates experienced their first increase since the third quarter of 2013 to 6.19 percent. The nine-basis-point increase is the largest quarterly increase in retail cap rates since the second quarter of 2011. Cap rates for the office..
Streetscapes create a sensation of depth and charm that beckon to passersby. People are drawn to lush landscapes, open green spaces and great tree canopies. They feel welcomed in these spaces and want to share them with others. Many new developments aim to provide streetscapes and open spaces that create holistic connections, enhancing their projects with authenticity and community. Here are some insights into how to create these. Building Community Through Authentic Connections + Open..
Following years of frenzied development across the country, the multifamily industry is entering a slowdown period where developers have fewer starts and even fewer completions. As of the end of October, multifamily starts are down 1.8 percent year-to-date compared to this time last year, according to the U.S. Census Bureau and the Department of Housing and Urban Development. Year-to-date completions are down 3.1 percent in that same time frame. “We’re entering a more normalized market..
IRVINE, CALIF. — The U.S. hotel market faces many long-term challenges, including a slowdown in international travel, an increase in supply and a decrease in demand, according to the most recent Quarterly Hotel Monitor report from Ten-X, an online real estate marketplace. The leading “buy markets” for hotels will be those that most strongly fight against these negative trends, while the top “sell markets” reflect the strongest negative forecast indicators. According to the Ten-X..