Demand drivers are important when making commercial real estate development and investment decisions. However, according to Marcus & Millchap’s John Chang, demand is only part of the situation. In a recently released video, Chang pointed out that supply, especially new supply, is also an important metric in making the right decisions. Chang focused on supply …

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The last few years have been difficult for forecasters. There was the pandemic and the resulting recession. Then, sudden, high inflation spurred the Federal Reserve into action. Then, fears of a recession, which hasn’t materialized. What will happen to CRE in 2024? JLL answered this question with its Global Real Estate Outlook, which focused on …

The post Analysis: Macroeconomics, Normalization and Strategic Investing Highlight the CRE Global CRE Outlook appeared first on Connect CRE.

Capital, or lack thereof, continues to be a challenge for commercial real estate developers and investors. But some organizations are finding creative ways to raise the necessary funds to build and buy. In this second of a four-part article series about real estate capital, Connect CRE talked to experts about types of flexible financing solutions …

The post Understanding Capital Creativity appeared first on Connect CRE.

During the early 2020s, the industrial sector was characterized by rampant tenant demand, record-high construction and deliveries, tightening vacancy rates and skyrocketing absorption. But things change. The Q4 industrial reports pointed to reduced absorption, declining construction starts and increased vacancy rates due to supply currently wending through the pipeline. What will 2024 bring? According to …

The post The Industrial Outlook: Normalization and Stabilization appeared first on Connect CRE.

The owner of the Westin Tempe can’t make the loan payments, and unless something changes soon, it faces a foreclosure sale. The Phoenix Business Journal reports the lender for the 290-room hotel near Seventh Street and Mill Avenue in downtown Tempe filed a notice of trustee sale earlier this week. The notice said that the …

The post Westin Tempe Goes to Auction appeared first on Connect CRE.

The delinquency rate among U.S. CMBS climbed meaningfully in January from December, rising almost 10% to 4.61%, Kroll Bond Rating Agency (KBRA) reported. The total delinquent and specially serviced loan rate—i.e. the distress rate as measured by KBRA across its $317.3-billion rated universe of CMBS–also jumped more than 11% to 7.39%.    CMBS loans totaling $3.4 …

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