Commercial Real Estate & Business News – April 7, 2017

For many, the answers involves luxury apartments and a boutique hotel. If any shopping center is undergoing improvements, you can bet they'll be adding at least one of these things. Scottsdale Fashion Square and Arizona Center, which have been around for decades, both plan to add multifamily housing and a boutique hotel, along with other renovations...»

Higher interest rates make borrowing more expensive for owners, which can have a constraining effect on the commercial real estate market. All else being equal, cap rates will go up and property prices will come down. Yet higher rates also typically signal a stronger economy, which tends to be associated with a stronger real estate market. Recent surveys of business leaders found high expectations and rising optimism about the U.S. economy. Business Roundtable found the economic outlook of over 100 heads of the largest U.S. companies rose in early 2017, showing the biggest increase since the second half of 2009. And the National Federation of Independent Business found that small business owners' optimism was near a 43-year high in February...»

 

March's $6 gain marked the first positive change in the average U.S. monthly rent in five months and the most significant gain since last June, according to Yardi Matrix's Matrix Monthly rent survey report. The average U.S. monthly rent is now $1,312, according to the firm's monthly survey of 121 metro markets...»

Ten years ago, the Urban Land Institute published Ten Principles for Successful Public/Private Partnerships. That publication set forth core principles essential for successful accomplishment of joint development by the public and private sectors, benefiting both, that neither could achieve independently. Those ten principles remain as applicable today as they were then, but the challenges facing urban development have changed dramatically...»

Back in February, DBRS predicted that the residential mortgage-backed security market could see a resurgence in 2017 thanks to rising interest rates, which both drive down refinances and make securitization a more financially appealing option. A new report from Standard & Poor's Global Ratings shows that RMBS-related issuance, which S&P defines as prime, re-performing/nonperforming, rental bonds, servicer advances, and risk-sharing deals, doubled in the first quarter of 2017 compared to last year...»

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