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Orange County's original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.
On the one hand, rising mortgage rates reduce the affordability of housing since the cost of borrowing increases, but rates are increasing because wages are rising faster than expected, says First American's Mark Fleming.
The soft-good tenants that used to occupy big boxes are no longer what Millennials want to see in those spaces, and retail landlords need to be tuned in to their tastes, which often revolve around entertainment, NKF's Dan Samulski tells GlobeSt.com.
No, Ten-X's Peter Muoio tells GlobeSt.com—the movement was mixed across the property segments, and rising interest rates and increasing supply in certain segments and markets could pressure NOI and therefore prices.
There is undoubtedly a void in second- and third-generation offspring wanting to take over the family business, but there is also a huge void of CRE executives ages 40 to 50 since the recession flushed them out, executives tell GlobeSt.com.
A gradual rise in mortgage rates won't change homebuyers' decision to buy a home; there are many other factors that go into that decision, says First American Financial Corp.'s Mark Fleming.
The McFadden Center, a 184,737-square-foot retail, industrial and office complex here, sells to Horowitz Group, which was seeking an investment with dependable, diversified cash flow, GlobeSt.com learns <b>EXCLUSIVELY</b>.
TruAmerica acquires Pacific Shores, a 264-unit multifamily asset here, for $90.5 million and plans a multi-million-dollar capital-improvement plan for the property, keeping rents affordable for working families.
One club company plans to downsize its real east estate footprint, converting a fraction of stores into e-commerce fulfillment centers. GlobeSt.com speaks with CBRE's Kurt Strasmann about what this means for retail CRE.
Housing starts are up and foreclosure activity down for the first month of 2018, indicating a strong start for the sector, ATTOM Data Solutions and First American Financial Corp. say.
Buying value-add industrial properties at well below replacement cost and being very selective about office acquisitions is part of CIP Real Estate's investment strategy, principal Eric Smyth tells GlobeSt.com.