There has been a slew of recent retail leasing activity in the Motor City and its suburbs with everything from spas to trampoline parks to various restaurants coming to the area. This recent activity, along with investors and lenders starting to re-enter the market, shows that the region is on the upswing. Michigan-based commercial real More
Lender appetite for multifamily construction lending will continue to strengthen, especially as demand for rental housing remains strong across the country. Many lenders have liquidity and will look for yield they can only get from construction deals. Debt funds and private money lenders are especially looking to deploy capital, while banks are also coming back in a big way after being on the sidelines. More
The pandemic reshaped the multifamily real estate landscape, resulting in a rollercoaster of trends in rent prices, vacancies and construction activity. After years of disruption, the market is showing signs of stabilization as new construction slows and renter demand strengthens. But to fully understand the current market, let’s take a look back. More
CMBS lending volumes will be strong during the second half of the year — with a lot of demand also driven by SASB deals. Citi notes that the slowdown in post liberation has led to a lot of pent-up demand, which should lead to an active second half of the year. The lender foresees $130B in total originations for 2025. Wells Fargo, Deutsche Bank and Greystone all predict $120B total in the overall market for 2025, while Argentic expects $100B total. More
The pandemic led to a decline in the need for office space as companies adopted remote and hybrid work models. Even as cities such as Los Angeles and San Francisco implement return-to-office initiatives to revive downtown economies, office vacancies remain high while leasing and sales activity lag. But it’s not all doom and gloom for building owners.
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Retail financing will be strong going forward, as life companies, banks, credit unions, CMBS and debt funds all continue to allocate capital for most product types within the space. Watch for lenders to widen what markets they will look at based on sponsorship and operations and start considering secondary and tertiary cities. More
The Northeast has seen a busy couple of months on the retail leasing front with grocers, gyms, entertainment venues and other retailers swooping up spots. Many of these markets, especially New York City, experienced a slowdown during the pandemic but things are heating back up with retailers looking toward the major metros, as well as the suburbs, to expand. More
As traditional banks have tightened their lending practices, securing commercial real estate financing has become increasingly difficult in recent years. This has pushed owners and developers to seek alternative capital sources to supplement their capital stacks. Enter C-PACE, a state-enabled lending program that allows owners and developers to finance low-cost, long-term, energy-efficient upgrades such as solar panels and HVAC systems through private capital providers by adding the repayment to the property’s tax bill. More
We asked leaders in the real estate industry to give us their predictions for the C-PACE market. Here is what they had to say. More
Watch for banks to be more active during the second half of the year, although they will continue to be selective and cautious. Many banks are now well positioned after receiving payoffs on loans that were distressed and have been resolved either through a sale or a write-off. Those banks that have weathered the storm are re-entering the market with new enthusiasm. This will result in better pricing and easier executions for borrowers. More
Single-family rental (SFR) and build-for-rent (BFR) lending will increase, driven by strong rental demand and the appealing fundamentals of these asset classes. However, lenders will remain cautious about potential challenges such as interest rate volatility, insurance costs, supply-side pressures and rising development costs. More
Everything is bigger in Texas including the pipeline for new retail leases. Population growth, strong job markets and a business-friendly environment have pushed a variety of retailers including restaurants, quick-service food chains, furniture stores and even Barnes & Noble toward The Lone Star State. More
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