National Commercial Real Estate News From CoStar Group
As Housing Risk Subsides, Banks Returning to Construction Lending
With the continued strength of the housing sector, banks are again seeing growth in demand for construction and development (C&D) loans and are starting to respond in kind.
The total amount of C&D loans on banks books at the end of the first quarter declined from $203.7 billion at the end of 2012 to $201.6 billion, however, 42% of the nation's banks reported increases in C&D loans, according to CoStar analysis of FDIC numbers.
There were other...
Investors Bet Tiny Micro Apts. Can Yield Outsized Returns
In keeping with the current 'small can be beautiful' trend in corporate office space and storefronts, studio micro apartment units are getting a long look from developers and investors hoping to maximize returns in several of the nation's most heated multifamily markets.
From Boston, New York City and Washington, D.C., to San Francisco and Southern California, builders are proposing new apartment projects with significant mixes of ultra-small units...