Connect Commercial Real Estate

05/27/2022

U.S. GDP Growth Slips into Negative Territory - Connect CRE

Real GDP decreased at an annual rate of 1.5% in the first quarter of 2022, according to the Commerce Department’s Bureau of Economic Analysis . The decline was steeper than the 1.3% estimated by Dow Jones. In 2021’s fourth quarter, real GDP increased 6.9%.

The decrease in real GDP reflected decreases in private inventory investment, exports, federal government spending, and state and local government spending, while imports, which are a subtraction in the calculation of GDP, increased.
https://hubs.la/Q01chv_m0

U.S. GDP declined by an annualized 1.5% in the first quarter of 2022 after growing by 6.9% in Q4 of 2021, the Commerce Department reported Thursday.

05/25/2022

CT Realty, PGIM JV Buys 282-Acre New Jersey Site for Logistics Redevelopment - Connect CRE

A 282-acre site in Salem County, NJ has been purchased through a joint venture between CT Realty and PGIM Real Estate and will be home to Garden State Logistics Park, a Class A industrial development that will include approximately 1.7 million square feet across two buildings. More below!
https://hubs.la/Q01cbVVD0

A 282-acre site in Salem County, NJ has been purchased through a joint venture between CT Realty and PGIM Real Estate and will be home to Garden State Logistics Park, a Class A industrial development that will include approximately 1.7 million square feet across two buildings. The seller was Deepwat...

05/25/2022

Office Sector Stabilizes on Demand for Class A Space - Connect CRE

Companies seeking Class A office space are leading a stabilization of the commercial office market after the shock of the pandemic, according to the newest NAIOP Office Space Demand Forecast.

Although the first quarter saw office vacancies continuing to climb for the 10th straight quarter, new completions may be a factor. NAIOP projects that absorption of new space will remain positive. Details below!
https://hubs.la/Q01cbNKF0

Leasing activity in the U.S. office market is stabilizing thanks to an uptick in demand from companies seeking Class a space, NAIOP reported.

05/24/2022

Connect Commercial Real Estate is proud to present the winners of our 2022 Next Generation Awards. In a year filled with challenges, these rising stars surmounted the hurdles and excelled in business and leadership in the community. From a competitive field of nominations, we selected 100-plus winners. For the full list, see the link below!
https://hubs.la/Q01c3JzC0

05/24/2022

Dodge: Construction Starts Rose 3% in April - Connect CRE

Total construction starts rose 3% in April to a seasonally adjusted annual rate of $945.8 billion, according to Dodge Data & Analytics. Nonresidential building starts rose 6% and residential starts increased by 4%, while nonbuilding starts fell 4%. Year-to-date, total construction was 6% higher in the first four months of 2022 compared to the same period of 2021. More below!
https://hubs.la/Q01c3FFL0

Total construction starts rose 3% in April to a seasonally adjusted annual rate of $945.8 billion, according to Dodge Construction Network. Nonresidential building starts rose 6% and residential starts increased by 4%, while nonbuilding starts fell 4%. Year-to-date, total construction was 6% higher....

05/23/2022

Fitch: CMBS Defaults Leveled Off in 2021 - Connect CRE

U.S. CMBS loan defaults declined significantly in 2021 compared with 2020, as the resumption of economic activity supported a recovery in asset performance and property cash flows from their pandemic lows, Fitch Ratings reported in its US CMBS 2021 Loan Default Study. The total annual default rate for Fitch-rated CMBS transactions declined to 0.4% in 2021, down from 3.3% in 2020. Details below!
https://hubs.la/Q01bXJzy0

The annual default rate for CMBS loans dropped significantly in 2021 compared to 2020, according to Fitch Ratings.

05/23/2022

Fannie Mae: Inflation, Interest Rates Mean Slower GDP Growth - Connect CRE

Persistent inflation, rising interest rates and a slowdown of global economic growth are the primary contributing factors to updated expectations that full-year 2022 real GDP will grow at the reduced rate of 1.3%, 0.8 percentage points less than previously predicted, according to the May 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group. More below!
https://hubs.la/Q01bXBKP0

Slowing economic growth globally, persistent inflation and rising interest rates are all reasons that Fannie Mae sees slower GDP growth in 2022.

05/20/2022

Q122 Industrial: Lower Availability, Higher Rents - Connect CRE

The Q1 2022 industrial sector summary can be best summed up by JLL: “U.S. industrial fundamentals continue to break records.” In analyzing the industrial sector, brokerage experts pointed to the same issues: Scarcity of space, close to “full” vacancy, double-digit rent growths and furious demand outstripping supply, despite a construction pipeline that is pumping out a great deal of product. More insight below!
https://hubs.la/Q01bQ_Bd0

The Q1 2022 industrial sector summary can be best summed up by JLL: “U.S. industrial fundamentals continue to break records.” In analyzing the industrial sector, brokerage experts pointed to the same issues: Scarcity of space, close to “full” vacancy, double-digit rent growths and furious de...

05/20/2022

Investors Really Like Apartments - Connect CRE

Yardi Matrix recently reported that year-over-year rent growth and apartment occupancy were both on the rise during April 2022. According to Newmark Group's “1Q22 United States Multifamily Capital Markets Report,” investor demand for the product also increased. Sales volume was $63.0 billion, signifying the largest Q1 on record for the product type. More below!
https://hubs.la/Q01bQTjW0

Yardi Matrix recently reported that year-over-year rent growth and apartment occupancy were both on the rise during April 2022. According to Newmark’s “1Q22 United States Multifamily Capital Markets Report,” investor demand for the product also increased. Sales volume was $63.0 billion, signif...

05/19/2022

SVN | SFR Capital, Linesight in $1.5B JV to Go National with Build-to-Rent Communities - Connect CRE

SVN SFR Capital Management formed a joint venture with Linesight Development to acquire land and construct, as well as lease and manage a portfolio of new build for rent (BFR) housing communities. The JV will collectively provide 1,000+ BFR homes annually with a valuation of approximately $1.5-plus billion over the initial five years. Details below!
https://hubs.la/Q01bLYX90

SVN | SVR Capital Management has formed a joint venture with Linesight Development LLC to acquire land and construct, lease and manage a portfolio of new build for rent (BFR) housing communities. The JV will collectively provide 1,000+ BFR homes annually with a valuation of approximately $1.5-plus b...

05/19/2022

BREIT Completes $3.7B Deal for Resource REIT, Adds 42 Apartment Properties - Connect CRE

Blackstone Real Estate Income Trust completed its previously announced acquisition of Resource REIT, Inc. for $14.75 per share in an all-cash transaction valued at $3.7 billion, including the assumption of the REIT’s debt. BREIT’s deal for the non-traded multifamily REIT was announced in January. More below!
https://hubs.la/Q01bL-Cr0

Blackstone Real Estate Income Trust, Inc. (BREIT) has completed its previously announced acquisition of Resource REIT, Inc. for $14.75 per share in an all-cash transaction valued at $3.7 billion, including the assumption of the REIT’s debt. BREIT’s deal for the non-traded multifamily REIT was an...

05/19/2022

Calling for More of The Year’s Top Mortgage Brokers and Lenders - Connect CRE

Response has been strong to date for Connect Commercial Real Estate’s second annual Top Mortgage Brokers and Lenders awards program. However, we know there are many other commercial real estate professionals on the lending side of the industry, for whom 2021 was both an especially fruitful year and an especially challenging one, and we’d like you to help us identify them.

Friendly reminder to submit your nominations by June 3, 2022!
https://hubs.la/Q01bFHXN0

Response has been strong to date for Connect Commercial Real Estate’s second annual Top Mortgage Brokers and Lenders awards program. However, we know there are many other commercial real estate professionals on the lending side of the industry, for whom 2021 was both an especially fruitful year an...

05/19/2022

BREAKING NEWS: Connect L.A. Returns as Live Event June 22 - Connect CRE

Connect Los Angeles is returning as a live event in June. Two years after the pandemic forced the cancellation of Connect CRE’s premier conference and all the company’s other live events, Connect L.A. has been scheduled for June 22 at the Hotel Indigo in Downtown L.A.
Attendees will be able to glean insights from leaders in SoCal investment, development, and asset performance on the market, the factors driving development, how to shape deals today and more. For more event details see the link below!
https://hubs.la/Q01bFJgc0

Connect Los Angeles is returning as a live event in June. Two years after the pandemic forced the cancellation of Connect CRE’s premier conference and all the company’s other live events, Connect L.A. has been scheduled for June 22 at the Hotel Indigo in Downtown L.A.  Attendees will be able to...

05/17/2022

Connect Adds Content Leader Sule Aygoren to CREative Team - Connect CRE

Deepening the bench strength of its Connect CREative platform, Connect CRE brought in Sule Aygoren as an account executive. The veteran of more than two decades in commercial real estate will focus on client content and communications strategy for Connect CREative’s current and future clients. We are thrilled to have Sule join our team!
https://hubs.la/Q01bx1h_0

Deepening the bench strength of its Connect CREative platform, Connect Media has brought in Sule Aygoren as an account executive. The veteran of more than two decades in commercial real estate will focus on client content and communications strategy for Connect CREative’s current and future client...

05/17/2022

Economic Headwinds, Geopolitical Uncertainty Weigh on CRE Execs’ Optimism - Connect CRE

Commercial real estate executives remain optimistic about overall market conditions in spite of growing economic headwinds and geopolitical uncertainty, according to The Real Estate Roundtable's Q2 2022 Economic Sentiment Index. The index registered an overall score of 51, a decline of 15 points from the previous quarter yet still in positive territory. More below!
https://hubs.la/Q01bx1hK0

Commercial real estate executives remain optimistic about industry prospects in 2022's second quarter despite headwinds, says the Real Estate Roundtable's Jeffrey DeBoer.

05/16/2022

Los Angeles County Commercial Real Estate: Trends. Updates. Visionaries.

Happy Monday! Proud to share our CEO, Daniel Ceniceros, was just featured on this years 2022 Commercial Real Estate Visionaries: Professional Service Advisors list for the Los Angeles Times.

The publication was curated to spotlight commercial real estate professionals displaying exemplary leadership within their organizations and communities based in Los Angeles County, as well as cover trends and overall business updates.⁠
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See the link below for the full list!
https://hubs.la/Q01bnFwW0

The Los Angeles Times is excited to announce the second annual Los Angeles Commercial Real Estate magazine. This magazine will spotlight and feature professionals within the commercial real estate sectors, as well as cover trends, and overall business updates and is set to publish on Sunday, May 15,...

05/13/2022

Q1 is One for the Record Books in Multifamily Investment - Connect CRE

Multifamily investment volume increased by 56% year-over-year to $63 billion nationwide in the first quarter of 2022, the strongest Q1 on record, CBRE reported. The sector accounted for 37% of Q1’s volume.

The multifamily market set a record four-quarter absorption total of 695,100 units in Q1 2022, 77% higher than the previous annual record in 2000. More below!
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U.S. multifamily investment sales set a new record for first-quarter volume in the first three months of 2022, according to CBRE.

05/13/2022

In case you missed it, Placer.ai has an insightful whitepaper, "⁠Predicting 2022’s Surprise Retail Rebounds." The seven brands featured in this report come from a range of sectors, from furniture to apparel to entertainment. But they share one thing in common – all these brands have been largely written off by leading retail or Wall Street analysts. The report begs to differ. ⁠
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For access to the report, visit here: https://hubs.la/Q01bfM9x0

05/13/2022

Yes, You Can Decarbonize Your Building Portfolio - Connect CRE

In response to growing concerns over climate change, many commercial real estate building owners and managers are attempting to step up and do what it takes to achieve not just “green” objectives, but to reach overall ESG goals as well.

As JLL put it in its “Real Estate Leader’s Guide to Decarbonizing Your Portfolio: “What’s missing is a common understanding of how to successfully measure and reduce carbon emissions within the built environment.” More insights below!
https://hubs.la/Q01bbqmk0

In response to growing concerns over climate change, many commercial real estate building owners and managers are attempting to step up and do what it takes to achieve not just “green” objectives, but to reach overall ESG goals as well. There’s a good reason for this action. Real estate accoun...

05/13/2022

Survey: More CRE Capital Raises Planned in 2022 - Connect CRE

According to investment software company Juniper Square, Inc. close to 80% of commercial real estate executives surveyed said they’d raised capital in 2021, a far cry from the 91% who reported raising capital in 2020. As explained in Juniper Square’s “Commercial Real Estate Executive Survey Summary: Capital Raising in 2022,” those who did seek out funds last year ended up raising more than they did in 2020. Details below!
https://hubs.la/Q01bbqkr0

According to investment software company Juniper Square, close to 80% of commercial real estate executives surveyed said they’d raised capital in 2021, a far cry from the 91% who reported raising capital in 2020. But according to Juniper Square’s “Commercial Real Estate Executive Survey Summar...

05/13/2022

Origin Cites Sun Belt Markets as Best for Multifamily Investment - Connect CRE

Private equity real estate fund manager Origin Investments released a report, Multifamily Markets to Watch, that cites Sun Belt markets Phoenix, Tucson, Las Vegas, Austin and Nashville as metro areas having the greatest opportunities for rent growth, investment and development for multifamily investment. See below for more details!
https://hubs.la/Q01bbh__0

Private equity real estate fund manager Origin Investments has released a report, Multifamily Markets to Watch, that cites Sun Belt markets Phoenix, Tucson, Las Vegas, Austin and Nashville as metro areas having the greatest opportunities for rent growth, investment and development for multifamily in...