Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
Although not all sectors saw improvements, November continued what has been the second-longest streak of downward movement in CMBS delinquencies overall in more than eight years.
Buyers and sellers are diverging in their pricing expectations, "which led to a Q3 marked by tepid deal volume and pricing,” says Peter Muoio at Ten-X.
“In aggregate, property pricing has been flat this year, but it really depends on the type of property,” says Green Street Advisors' Peter Rothemund. Mall values have dropped more than 10% year over year.
“The line is completely blurring between what is an online sale and an in-store sale,” J. Skyler Fernandes told a standing-room-only crowd at ICSC New York Deal Making on Tuesday.
The US apartment construction pipeline has filled up as demand has escalated, but year-to-date completions through Q3 aren't running far ahead of the pace set last year, says Yardi Matrix.