Thursday, February 14, 2013

CRE Sales Surge 22% In 2012 As Pricing Recovery Spreads To More Markets

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...

Looming Sequestration Cuts: Back To Recession or Business as Usual?

Having slogged through waves of economic uncertainty in the past year that have undercut investor forecasts and shaken consumer confidence, businesses are now confronting what they hope will be the last wave: the looming impact from sequestration or unprecedented cuts in federal spending.

The $1.2 trillion in mandated federal budget reductions over the next decade are set to start kicking in March 1 unless averted by an increasingly unlikely bipartisan...

Macerich Puts More Than $1 Billion of Assets on the Market

With private equity and institutional investors pumping an increasing amount of capital into commercial real estate, REITs are finding the current environment provides a compelling option to raise equity by selling off properties rather than raise debt levels through new offerings in the public markets.

That is one of the primary drivers behind The Macerich Co.’s decision to put more than $1 billion of its malls on the market.

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More Institutional Capital Chasing CRE as Safe Haven

An increasing number of institutional lenders are looking to park significant levels of capital into commercial real estate this year as a “safe haven.”

According to Jones Lang LaSalle’s Capital Markets experts, real estate debt financing remains an attractive risk-return option for many lenders in spite of economic volatility.

“We saw the commercial mortgage-backed securities (CMBS) market make a formidable return to $48 billion in issuance...

Arcapita Bank Preparing To Liquidate $2 Billion in U.S. Assets

Arcapita Bank, an international investment firm based in Manama, Bahrain, plans to wind down operations as part of a proposed reorganization plan filed in its voluntary Chapter 11 bankruptcy cases in the United States.

The bank plans to put $2.37 billion portfolio of investments in real estate, private equity and venture capital, and infrastructure up for sale -- the bulk of the assets in the United States.

The plan allows Arcapita and its affiliates...

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