Wednesday, November 7, 2012

Apartment Market Dynamics Look Strong for Next Two Years

National Commercial Real Estate News From CoStar Group

Apartment Market Dynamics Look Strong for Next Two Years

Apartment markets constinued to improve across all areas of the country for the seventh quarter in a row, though the pace of improvement moderated, according to the National Multi Housing Council's (NMHC) Quarterly Survey of Apartment Market Conditions. Still, the NMHC said the outlook is for continued strength in the multifamily sector for the next two years.

NMHC's survey measures market tightness, sales volume, equity financing and debt financing...

Hotel Fundamentals Weakening But Still Could Outpace Other Property Types

Hotel properties are making up a larger share of CMBS 2.0 deals. While the share of retail property loans being packaged as commercial mortgage-backed securities has declined substantially since 2010, hotel properties have increased year over year since 2010, and now account for 13% of 2012 issuance for multi-borrower CMBS transactions, according to new analysis from Wells Fargo Securities.

And while analysts expect the trend may not last much...

Warehouse Development May Finally Ramp-Up as Supply of Big Box Space Recedes

Demand for U.S. warehouse space continued to putter along in the third quarter, with companies making fewer leasing decisions in the face of mixed economic signals that include lackluster job growth in manufacturing and other sectors impacting industrial real estate.

However, the lack of robust absorption in recent quarters hasn't stopped developers from dipping their toes back into the warehouse market to fill a heightened demand for big-box warehouse...

HCP Closes Purchase of Deals Valued At $2.3B, Gears Up for Implementation of Obamacare

In the latest example of Wall Street’s intrigue with properties linked demographically to the rising wave of retiring Baby Boomers, HCP Inc. has closed the bulk of its acquisition announced last month of 133 senior-housing communities in 29 states from a joint venture of Blackstone and Emeritus Corp. (NYSE: ESC).

Health-care real estate mergers and acquisitions have become Wall Street favorites, especially as the re-elected President Obama’s Affordable...

Both Job Cuts and New Jobs Increased in October

Planned job cuts by U.S.-based employers surged 41% in October to 47,724, as a spate of layoff announcements in the wake of weak quarterly earnings reports helped push downsizing activity to its highest level in five months, according to the report on monthly job cuts released by outplacement consultancy Challenger, Gray & Christmas Inc.

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At the same time, the latest report from the Bureau of Labor...

Watch List: Small Balance Troubled Loans

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Facility Closures & Downsizings: Suzuki Shutting Down U.S. Auto Sales at its 220 Dealerships

After filing for Chapter 11 bankruptcy reorganization, American Suzuki Motor Corp. said it will wind down and discontinue new automobile sales in the U.S. and instead focus on its long-term growth of its motorcycles/ATV and marine divisions.

The company will seek to sell its U.S. automobile operations, which includes 220 dealerships. At one point, Suzuki had more than 500 dealerships in the U.S., but the firm determined that its automotive division...

CMBS Delinquency Rate Plummets

After dropping below the 10% mark in September, Trepp projected that the CMBS delinquency rate should continue to see considerable downward pressure in the months to come. That was certainly the case in October, as the rate saw its biggest drop in 14 months. The delinquency rate for U.S. commercial real estate loans in CMBS fell 30 basis points to 9.69% in October.

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At the same time, Fitch Ratings...

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