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.
Yet CEM Benchmarking's Alexander Beath sees equity REITs' under-representation in the funds' portfolios as “a significant missed opportunity to generate substantial returns with lower annual investment costs.”
CMBS 1.0 transactions now have a delinquency rate of more than 43%; however, Fitch Ratings says these pre-2009 deals represent an increasingly small slice of the pie.
Although office has regained traction since the Global Financial Crisis, the top investors aren't spending quite as much as they did between 1997 and 2007, according to Yardi Systems' COMMERCIALCafé.
With a pair of Facebook data centers in Virginia representing the largest projects to enter planning during the month, October's increase nearly wiped out the previous four months' erosion, according to Dodge data.
Although somewhat less active than in recent years, Middle Eastern investors “continue to target core assets with long leases in safe-haven locations,” says CBRE's Chris Ludeman.
A closer look at individual sectors reveals that “it's really a mixed bag when it comes to property pricing these days,” says Peter Rothemund with Green Street Advisors.