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.
However, Ken Simonson with the Associated General Contractors of America says year-to-date spending on infrastructure “has fallen short of the already inadequate amounts posted in the same period of 2016."
Among other considerations, Congress will need to assess the viability of separating single-family and multifamily lending into standalone platforms, write Hal Collett and Mike McRoberts at PGIM Real Estate Finance.
Overall, commercial property pricing slipped in November for the seventh consecutive month, a trend that Ten-X's Peter Muoio says is a reflection of ongoing investor wariness.
“The company's strong track record with complicated portfolio transactions” made Harbor Group International the choice of seller Lone Star Funds, says HGI CEO Jordan Slone.
Although FIRE sector tenants still command a lion's share of office space, "They're not the reason that new construction has taken off in New York for the first time since the mid 1980s," says Michael Cohen at Colliers.
Jim Hirt brings 22 years' experience managing staff and volunteer leaders to SIOR, and plans to further solidify the organization's status as “an active global community.”
RentCafe says that the fastest year-over-year growth stems from small and medium-sized cities, while a well-filled delivery pipeline will temper future gains overall.
In all, Altisource Residential has acquired more than 7,500 single-family rentals from Amherst Holdings, at a total purchase price north of $1 billion.