Yardi: Student Housing Shows Healthy Rent Growth, Preleasing Levels for Fall 2022

SANTA BARBARA, CALIF. — The student housing industry continued to show strong fundamentals in the first quarter of this year, with preleasing levels off to a robust start and annual rent growth exceeding pre-pandemic levels, according to the latest installment of Yardi’s National Student Housing Report.As of March, preleasing for fall 2022 was reported at 63.8 percent — a number that is 13.5 percent higher than the same time last year and 9.9 percent higher than March 2019 — and the …

May 5, 2022California, Features, Student Housing, Western, Western Feature Archive

CommercialEdge: Industrial Rents Rise at Torrid Pace Amid Record Supply

SANTA BARBARA, CALIF. — The national average for in-place industrial rents across the top 30 U.S. markets reached $6.45 per square foot in February, a 4.4 percent year-over-year increase according to research from CommercialEdge, a product of Yardi Systems. The Santa Barbara-based firm found that the average effective rental rates signed over the same interval was $7.35 per square foot, 90 cents higher than the national average for in-place leases, a nearly 14 percent swing.Southern …

April 1, 2022California, Features, Industrial, Western, Western Feature Archive

Seniors Housing Occupancy on the Mend, but NOI Trails, Say Industry CEOs

LOS ANGELES — After bottoming out at 78.7 percent in the second quarter of 2021, private-pay seniors housing occupancy has been on a slow, steady climb, according to data from the National Investment Center for Seniors Housing and Care (NIC). The most recent data — for the fourth quarter of 2021 — showed occupancy at 81 percent.However, the pace of recovery varies widely among individual markets, individual companies and even individual properties.“Some people are able to manage …

March 15, 2022Conference Coverage, Features, Multifamily, Seniors Housing, Western Feature Archive

Forecast Survey: What’s Your Take on Commercial Real Estate in 2022?

The editors of REBusinessOnline.com are conducting a brief online survey to gauge market conditions in 2022, and we welcome your participation. The survey should only take a few minutes to complete.Questions range from property sectors that you are most bullish on heading into 2022 to trends in deal volume to your outlook for interest rates.The results of our 11th annual survey will be collated and published in the January issues of our regional magazines. Conducting these surveys is …

November 18, 2021Company News, Features, Heartland Feature Archive, Hospitality, Industrial, Mixed-Use, Multifamily, Northeast Feature Archive, Office, Retail, Southeast Feature Archive, Texas & Oklahoma Feature Archive, Western Feature Archive

Lee & Associates Breaks Down Third-Quarter Economic Outlook by Sector

The calculus for which asset classes are likeliest to demonstrate strong growth continues to shift as the pandemic appears to be receding. Patterns in labor shortages, supply chain issues and material costs have managed to solidify through the third quarter of 2021.Lee & Associates’ newly released Q3 2021 North America Market Report dissects third-quarter 2021 industrial, office, retail and multifamily findings, with a focus on where demand is moving and the challenges facing each …

CapRock Partners Seizes Industrial Opportunities in Western Region

Newport Beach, Calif.-based CapRock Partners was busy before the pandemic, but shows no signs of slowing down even as brick-and-mortar retail reopens. The industrial investor, developer and asset manager’s newest venture is also its biggest: a 183-acre infill project in Phoenix where it plans to build an eight-building industrial complex that totals more than 3.4 million square feet.“Several years prior to the pandemic, we recognized the ecommerce trends along with the demand for larger …

October 7, 2021Arizona, California, Features, Industrial, Nevada, Western, Western Feature Archive

Growing Southern California Industrial Demand Creates Shifts in Strategy, Outlook

Industrial real estate in Southern California has become what one might conservatively call a “fast-paced atmosphere.” The presence of multiple offers, sellers pushing up values and buyers continuing to chase deals have made for constantly increasing values and activity. Christopher J. Destino, SIOR, principal at Lee & Associates, spoke to REBusinessOnline about making strategic decisions in this unusual environment. REBusiness: What is the forecast for demand in industrial properties …

August 5, 2021Acquisitions, California, Content Partner, Development, Features, Industrial, Lee & Associates, Loans, Western, Western Feature Archive

‘Astronomical’ Multifamily Investment Demand Drives Up Pricing, Says Marcus & Millichap’s IPA Panel

The U.S. multifamily sector remains an attractive option for real estate investors looking for a safe haven. Beyond the pool of traditional buyers who are actively acquiring apartment properties, the sector has become a landing spot for companies that aren’t legacy multifamily owners.Steven DeFrancis, CEO of Cortland, cited REITs like Blackstone Real Estate Investment Trust as newly establishing a presence in the multifamily sector. BREIT recently made a $240 million preferred equity …

April 21, 2021Affordable Housing, Build-For-Rent, Features, Multifamily, Seniors Housing, Single-Family Rental, Student Housing, Western Feature Archive

From Expanding Operations to Leveraging Technology, Lee & Associates Evolves in the Face of Change

The situation is a familiar one from the past year: 2020 changed a banner year full of promise into a difficult scenario full of fear and challenges. Jeffrey Rinkov, CEO and chairman of the board at Lee & Associates reflects on how his company took an emphasis on technology and communications infrastructure and used the past year as a time for reflection and a period to promote growth and client engagement. He also discussed trends he’s seeing for the future, the lessons he’s learned …

January 11, 2021Content Partner, Features, Lee & Associates, Western Feature Archive

Webinar: Las Vegas Industrial Outlook — How has the Pandemic Changed the Industrial Sector in Nevada?

The webinar Las Vegas Industrial Outlook — How has the Pandemic Changed the Industrial Sector in Nevada? hosted by Shopping Center Business and Western Real Estate Business, covers how industrial experts are approaching investment sales, leasing and development within the Las Vegas industrial sector in the wake of COVID-19.With shutdowns, social distancing, and the explosion of e-commerce, industrial has become essential. Shopping patterns have changed, …

October 21, 2020Industrial, Nevada, Webinar, Western, Western Feature Archive