Multifamily

Whatever the acquisition strategy, “the focus is on finding assets that can deliver strong yields that outpace other investment options,” says Steve Shanahan with Real Capital Markets.

Much of the sales activity in the New Jersey multifamily market in which Squires specializes is coming from long-term owners who are seeing values for older multifamily properties.

Unemployment recently dropped to 2.6%, fueling continued strong demand in the local multifamily sector which continues to drive increased investor interest, and despite the rise in vacancy, demand for office is steady.

Facilitating the creation of cutting-edge commercial properties as well as residential developments that address the spectrum of housing needs is a major goal of Downtown San Diego Partnership, incoming president and CEO Betsy Brennan tells GlobeSt.com.

“Risk-adjusted returns for CRE are favorable to other asset classes over the long term and provide investment diversification,” says Kenn Riggs at Situs RERC.

Delinquencies for CMBS overall have declined each month since last June, says Trepp, although individual property types have seen ups and downs.

A roundup of recent deals, leases, executive moves, and other news from the past week.

Derek Broomes admitted that while at Harlem Congregations for Community Improvement, he stole hundreds of thousands of public dollars meant for low-income people with HIV/AIDS.