A Fond Goodbye to GE Capital Real Estate
April 30, 2015 — When General Electric announced in May that it was selling its GE Capital Real Estate portfolio for about $26.5 billion, the news evoked some feelings of nostalgia, as well a nagging concern in the back in my head.
Real Estate Investors Encouraged by Fed Speech
April 1, 2015 — Many economic indicators can affect real estate markets – employment rates, inflation, strength of the dollar against other currencies – but nothing commands the attention of commercial real estate executives like interest rates.
CMBS Market Looks Strong in 2015
February 27, 2015 — A year ago, CMBS market experts projected that issuance would be close to $100 billion in 2014, and despite some pauses in activity during the year, the prognosticators got it right. Issuance reached a post-recession high mark with $95 billion of new product, up from $83 billion in 2013.
Look at Office Space Demand Before You Leap for Joy at the Market’s Strength
February 19, 2015 — The office market had a banner year in 2014, with declining vacancy rates, rising rents, high prices paid by investors and the highest net absorption since 2007. New development, some of it speculative, has started up in many markets. In its third-quarter analysis, CoStar noted that the office sector was “moving into the sweet spot” for investors and asked: “Is this as good as it gets?”
REIMs May Cool to Euro Investors as AIFMD Takes Effect
February 2, 2015 — An unprecedented amount of foreign capital is focused on U.S. real estate markets, and it’s coming from every region of the world. People are paying the most attention to money from countries with no strong history of heavy investment, such as China, Korea and Middle Eastern countries. Also high on the list are Canada and Australia, two countries where investors have been active in the U.S. for many years.