National Commercial Real Estate News From CoStar Group
Apartment Rent Growth Expected To Decelerate In Top Markets Ahead of New Supply Wave
With continued strong demand for apartments being met by a legitimate multifamily building boom in many U.S. cities, increasing apartment rents are expected to reach something of an inflection point in 2013.
Rent growth in some metros such as Boston, Washington, D.C. and New York is cooling down as those markets are doused by a wave of new supply from developers. Other areas of the U.S., such as the San Francisco Bay Area and Silicon Valley, remain...
Investors Giving Private Equity Real Estate Funds a Second Look
There are strong signs that investor confidence in private real estate funds is returning, with 49% of investors making new commitments in 2012, and 53% planning to make new commitments to the asset class in 2013, according to the 2013 Preqin Investor Outlook: Real Estate.
Private equity funds, too, are seeing the surge.
“Our real estate businesses are growing significantly,” Jonathan Z. Cohen, CEO and president of Resource America reported...
NBCUniversal Sale Could Signal More CRE-Related Sales by GE
Comcast Corp.’s deal to acquire General Electric’s entire 49% common equity stake in the NBCUniversal joint venture for $16.7 billion announced last week, includes a separate agreement to purchase the properties used by NBCUniversal at 30 Rockefeller Plaza and CNBC’s headquarters in Englewood Cliffs, NJ, from GE for $1.4 billion.
GE will realize a $900 million pretax gain on the real estate sale, according GE officials. That hefty gain may be enough...