National Commercial Real Estate News From CoStar Group
CRE Sales Surge 22% In 2012 As Pricing Recovery Spreads To More Markets
Sales of U.S. commercial real estate reached nearly $64 billion in 2012, jumping 22% from the previous year to the highest annual total since 2004, according to the latest findings from the CoStar Commercial Repeat Sale Indices (CCRSI).
The analysis of sales data through December caps a year in which the recovery in CRE pricing rippled beyond the apartment market into office, industrial and even retail property, to a greater or lesser extent. Meanwhile...
Boom In Student Housing Construction Stokes Concerns of Oversupply
A surge in new student housing projects announced in recent months, combined with lower-than-expected college enrollments, slowed preleasing and rising university tuition has raised a red flag over the compelling demographic case made for years by developers pursuing new student housing projects.
In two of the largest projects, Brandywine Realty Trust (NYSE: BDN), Campus Crest Communities, Inc. (NYSE: CCG), and Harrison Street Real Estate Capital...