REBusinessOnline

February Jobs Report Falls Flat, But Was It An Aberration?

Was the unexpectedly weak February jobs report a blip or an inflection point? Most economists say it’s way too soon to sound the alarm bell, but they’re closely monitoring trend lines. U.S. employers added 20,000 workers in February, according to the Bureau of Labor Statistics (BLS), far below the 180,000 projected by economists and a stark contrast to January when businesses added 311,000 jobs. Meanwhile, the national unemployment rate dropped two-tenths of a percentage point to 3.8 …

Healthcare Real Estate Investors Choose to Diversify in Face of Fever-Pitch Property Demand, Say InterFace Panelists

It’s a highly competitive environment when it comes to healthcare real estate out West, so say InterFace Conference Group’s Healthcare Real Estate West panelists. One of the central themes of the day-long conference, which was held March 6 at the Omni Los Angeles and attracted 219 attendees, was the pent-up property demand from investors. However, most panelists agree the opportunities are somewhat limited due to a lack of new product and the long-term holding pattern many healthcare …

ProMatura’s Wylde: Seniors Housing Must Get Back to Basics

LOS ANGELES — Bells and whistles may be a distracting way to get a prospective seniors housing resident’s attention, but Margaret Wylde, CEO of ProMatura Group, believes they can take away from the core purpose of providing a safe, welcoming environment for seniors. “We spend so much money in this industry on amenities that people will never use,” she said. “People want a place they can call home. A place they can live in. A place where they don’t have to hide their things. …

Joe Stepchuk’s GSE Background Helps Greystone Boost Student Housing Lending Volume

The student housing sector continues to benefit from strong investor and consumer demand. Total annual deliveries nationally have averaged approximately 47,000 beds this cycle, according to data research firm RealPage. Proximity to campus is a major differentiator in student housing, as properties closer to campus historically have greater pre-leasing velocity and higher rents. Industry experts say that despite the current wave of construction, most college students live in dormitories or …

Coworking, Flexible Work Spaces are Latest Trends in Evolving Office Needs of Modern Workforce

The beauty of creative office is in the eye of the leaseholder. In today’s world, phrases like “coworking” and “flexible workspace” often arise in conversation, but what do these terms really mean? The definition varies depending on who you ask, where they are and what they do for a living.  As these factors are often in flux, so is the meaning of creative office. However, there are four core elements that comprise the essence of creative office regardless of market or …

Expect Multifamily Debt Market to Grow Overall in 2019, Says Walker & Dunlop’s Jeff Burns

SAN DIEGO — While agency volume may decrease slightly in 2019 due to tougher energy conservation standards in green lending programs offered by Fannie Mae and Freddie Mac, the multifamily debt market overall is expected to grow this year, according to a veteran mortgage banker. Jeff Burns, managing director at Walker & Dunlop’s Walnut Creek, Calif., office, spoke to REBusinessOnline at the MBA 2019 Commercial Real Estate Finance/Multifamily Housing Convention & Expo. The event, …

RCM: Investor Demand Holds Steady, Multifamily and Industrial Remain Most Attractive Classes

CARLSBAD, CALIF. — As 2019 begins to take shape, commercial real estate investors across the country are starting to hedge their positions on the overall strength of the market, according to Real Capital Markets’ (RCM) 2019 National Investor Sentiment Report. While investors remain optimistic about the overall fundamentals of America’s commercial real estate market, they are increasingly expressing cautionary tones, according to the report. There are still investment …

Developers Can Rely on Wetlands Mitigation Banking to Offset Environmental Risks with New Projects

BATON ROUGE, LA. — Wetlands mitigation banking has established a track record of success in restoring and preserving crucial ecosystems in many states during the past several decades, while helping smooth the way for commercial development. And as the proven system is positioned to grow and expand, it deserves to be more widely known and recognized, according to a leader in the field overseeing restoration of thousands of acres throughout the South. A mitigation bank is a site that has …

Paul Ryan: Positive Reforms Will Come to Seniors Housing, but Slowly

SAN DIEGO — Politics may slow down progress, but positive changes are on their way to the seniors housing industry and U.S. healthcare system, according to former Speaker of the House of Representatives Paul Ryan. Ryan’s comments during the opening general session Feb. 21 at the National Investment Center for Seniors Housing & Care (NIC) 2019 Spring Conference. The event drew nearly 1,700 seniors housing professionals to the Hilton San Diego Bayfront. Ryan, a Wisconsin …

Entertainment, Dining Drive Success at Today’s Retail Center

Over the course of the last decade, we have seen a major evolution in retail real estate. Super regional malls and enclosed shopping centers, which once dominated the landscape, are being replaced by immersive, open-air centers that provide visitors with more than just a place to shop.  Successful retail centers today are a destination — they provide excellent food and dining, aesthetically pleasing environments with open public space, and entertainment tenants and events that engage …

Conferences