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    Retailers are heading out West

    Many retail tenants, including clothing brands, wellness centers, furniture stores, grocers and restaurants of all service levels, look toward the western states for new sites. Whether part of a larger mixed-use development, mall, open-air shopping center or entertainment center, these retailers bet on California, Washington and Arizona for new locations.  More

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    CMBS lending will be full steam ahead in 2026

    Count on CMBS originations to increase at least 10% to 20% in 2026. More competition from new and old players re-entering the market will force CMBS lenders to push leverage to be able to compete. Rates should trend lower as the Fed continues rate cuts. Borrowers have been focused on five-year deals but count on a push toward more 10-year terms going forward. More

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    Marcus & Millichap, Ariel Property Advisors and more in the November dealmaker databank

    Marcus & Millichap secured a permanent 10-year CMBS loan on two self-storage assets in Ohio. The transaction was a full-term interest-only deal that had an attractive fixed rate in the mid-6% range. The assets were a combination of both climate-controlled and non-climate-controlled space. The deal was securitized quickly post-closing, and Brooks has been actively working on similar deals this fall and expects to continue heading into 2026. More

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    Lenders unlock the secrets to self storage

    Expect lending for self storage to pick up as the capital markets improve. This has been a favored asset class the last few years, which should continue in 2026. Lenders like the low default rates and consistent operating performance in the space. Banks are back competing for new transactions, and the permanent market continues to be strong with CMBS lenders closing as many loans as they can get their hands on. More

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    Lenders will be fighting a multifamily feud

    Keep an eye out for plenty of competition in the multifamily lending space and lots of dry powder to kick off the New Year. The agencies will continue to win the lion’s share of deals, while the other lender types strive to compete. Watch for banks to be more aggressive going forward. Banks paused their activity as they cleaned up their balance sheets to comply with regulations. Now that those initiatives are behind them, they are back in the market and ready to lend under less restrictive conditions. More

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    Retailers are flocking toward Atlanta

    Atlanta remains an attractive market, especially because of population growth, and retail follows rooftops. Retailers are especially attracted to major retail destinations and/or mixed-use developments in the ATL. Luxury brands, grocery stores, fast-casual chains and spas all bring new locations to the Atlanta MSA.  Burger chain Shake Shack signed a long-term lease for a new More

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