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Lee & Associates Second Quarter Report: Industrial, Office Market See Continued Challenges While Retail, Multifamily Trends Follow Region-Specific Patterns In the first half of 2024, high interest rates led to decreased demand, higher vacancy rates, reduced construction starts and lower property sales in industrial and office, according to Lee & Associates’ 2024 Q2 North America Market Report. Meanwhile, retail saw minimal development and continued low vacancies. Retail rent growth was particularly strong in the South and Southwest. Finally, high demand for multifamily, coupled with a sudden influx of supply in the second quarter of the year, has created a market where outcomes are highly tied to region. Midwest and Northeast multifamily markets have remained stronger than their counterparts in the South and Southwest, while Western markets saw mixed growth. https://lnkd.in/dZUjkd7Q Sponsored by Lee & Associates Commercial Real Estate Services #cre #commercialrealestate #retail #office #industrialcre #multifamily

The 16th annual InterFace Net Lease conference will take place Tuesday, September 17th, at the New York City Bar Association. Early bird pricing ends on 7/31/24! The InterFace Net Lease agenda will cover investment, development and financing trends and discuss the continuing challenging market conditions in the NNN and sale leaseback spaces. Conference registration includes breakfast and lunch on September 17th, and admission to the industry's leading social and networking event of the year, the heralded InterFace Net Lease Opening Cocktail Reception, taking place from 5:00 p.m. – 7:00 p.m. on Monday, September 16th. Just like clockwork, NNN industry leaders from across the country come to New York City for InterFace Net Lease every Fall! And given today’s market realities, it’s more important than ever to be informed and well-networked. So if your business involves investing, developing, brokering or financing NNN, 1031 and sale leaseback transactions, you need to be a part of InterFace Net Lease! Register Here: https://cvent.me/xBaDMm #InterFaceNetLease #netlease #nnn

Did you know Shopping Center Business publishes a capital markets review in every issue? Take a look to see more ⤵ https://lnkd.in/erUnW7DQ Subscribe to the magazine to receive these reviews monthly: https://lnkd.in/eFy37mtS #Retail #CapitalMarkets #ShoppingCenter #CRE #CommercialRealEstate

Excess Real Estate Can Become a Boon for Retailers in a Tight Market Store closures have been making headlines — from drugstores to restaurants and big box retailers. While some worry this is a sign of a slowing retail market, disposing of excess space quickly at the right price saves companies valuable time and money. Closures are not limited to retailers that are struggling — healthy retailers and restaurants shutter locations where their prototype may have evolved or the demographic makeup of the neighborhood has shifted. Mark Reeder, executive vice president at SRS Real Estate Partners, has provided disposition solutions for national retailers and restaurants for more than 30 years. He spoke to Shopping Center Business to offer insight on what retailers stand to gain in the current cycle. https://lnkd.in/d_k-A9ta Sponsored by SRS Real Estate Partners #cre #commercial #retail #shoppingcenter #bigbox

Prime Healthcare Agrees to Acquire 14 Ascension Healthcare Properties in Metro Chicago, Plans $250M in Improveme Prime Healthcare has agreed to acquire nine hospitals and associated physician practices in Illinois, as well as five post-acute and senior living facilities, from St. Louis-based Ascension. The properties are largely located in Chicago and its surrounding suburbs. The transaction is expected to close in the first quarter of 2025, subject to standard regulatory and canonical approvals. The price was not disclosed. Continue reading: https://lnkd.in/exhD72-z #Acquisitions #Healthcare #Illinois #Midwest #SeniorsHousing #TopStories #CRE

Don't miss these insights from industry leaders in Western Real Estate Business 👇 -The Private Credit Financing Alternative Private credit can play a major role in the impending commercial real estate maturity wall. By Brian Good, iBorrow -Imperial Valley’s Innovative Future The past, present and future of transitional development land in Southern California’s Imperial Valley. By Matthew Davis, Cushman & Wakefield -Orange County Market Overview By John Read, CBRE Retail Investment Properties Inside this Issue: Property Tax Reductions Increase Data Center Profits Understand the issues in filing strategic property tax appeals to reduce property tax. The Role of Architects in Solving Market Challenges The design phase plays a crucial role in the costs of a project. Architects can help mitigate these costs. Portland Market Highlight Read the issue: https://lnkd.in/eDCCA46n #CRE #CommercialRealEstate #Office #Architecture

Cracking the Code: Winning Strategies for Affordable Housing in Any Market Frustrated by high costs and a lending crunch for market-rate multifamily projects, savvy mainstream developers are seeking opportunities to build affordable housing. But what constitutes opportunity in a sector reliant on agency lending, community stakeholders and controlled rents? Definitions of “opportunity” in affordable housing vary widely, and favorable elements often involve additional and unique challenges. Not only must developers identify opportune site conditions, but they must also evaluate prospects to compete for funding, secure municipal approvals and win community support. And they need to complete the project within required timeframes in order for the asset to qualify as a good opportunity. REBusiness asked experts from two firms at the forefront of affordable housing development about what affordable housing “opportunity” looks like — and about the strategies they use to transform promising sites into viable projects. Beacon Communities LLC is an established developer of affordable, market-rate and mixed-income housing, while Bohler’s land development consulting and site design services have helped clients identify and act on commercial real estate opportunities for more than 35 years. “We look at any development opportunity through three lenses,” says LeAnn Hanfield Curtin, vice president of development at Beacon. “Those are the availability of sites, ability to get necessary zoning and how well the project aligns with state policy goals.” Plus insights from Emily Bouton, Beacon Communities LLC; Sara Link, P.E., Bohler DC; and Erin Gogolin, Bohler https://lnkd.in/dvua9Bpr Sponsored by Bohler #cre #commercialrealestate #multifamily #affordablehousing

Tinder Founder Justin Mateen Leads $211M Acquisition of Wilshire Rodeo Plaza Office/Retail Property in Beverly Hills July 25, 2024 BEVERLY HILLS, CALIF. — Tinder founder Justin Mateen, his brother Tyler Mateen and their brother-in-law Pouya Abdi have acquired Wilshire Rodeo Plaza, a Class A office and retail complex located at the corner of Rodeo Drive and Wilshire Boulevard in the posh Los Angeles suburb of Beverly Hills. Nuveen sold the asset for $211 million. https://lnkd.in/dvcjs_Z7 #Acquisitions #California #MixedUse #Office #Retail #TopStories #Western

Don't miss your commercial real estate update from the latest issue of Northeast Real Estate Business — 👉 Despite Slowdown in Deal Volume, GSEs Remain 'Best Game in Town' for Multifamily Borrowers Fannie Mae and Freddie Mac are retooling their products and filling in the gaps for borrowers navigating the ‘higher for longer’ interest rate environment. By John Nelson; insights from - Jeffrey Erxleben, Northmarq; Rob Vaughn Colliers Mortgage; Freddie Mac Multifamily; Ann Atkinson, Regions Real Estate Capital Markets; Jeff Patton, BWE; TJ Edwards, Walker & Dunlop. 👉 Despite Exceptional Demand, Boston Retail Market Faces Stagnating Forces Minimal existing space to meet demand, strong barriers to adding inventory and elongated timelines for closing deals are all limiting the market’s growth. By Taylor Williams; insights from - Rob Robledo, CBRE; Matthew Curtin Newmark; Joe Pierik, Carpionato Group; Evan E., Linear Retail Properties.   Inside this Issue: The Time for Multifamily Transactions Is Now A conversation with Jared Sobel of Walker & Dunlop illustrates why lack of certainty on the future direction of the debt markets can be a powerful incentive to lock in rates.   Plus Our Annual Fannie Mae DUS Lenders Directory, Multiple Broker Outlook Advertorials   Read the issue: https://lnkd.in/ezZ6Uw2G #Retail #CRE #Multifamily #Lending

Learn why it's important for retailers & restaurants to strengthen power management and see how Sonic is leading by example by prioritizing surge protection Read the article ⚡ https://lnkd.in/eYwhGaDg #Retail #RestaurantMaintenaince #Restaurant Story by Samuel Hammers, Eaton