The money raised for real estate investment has more than doubled since 2012, reaching $278 billion as of June of 2018, the latest quarter for which estimates were available. “More money is chasing real estate opportunities today than at any time in history,” wrote Meyers Research in its latest housing trends report. Click to read more at www.chron.com.
Amazon has abandoned its ambitious plans to build an additional headquarters in the Long Island City section of New York City, the company said in a blog post Thursday. The decision comes as Amazon faced local opposition to the plan. “For Amazon, the commitment to build a new headquarters requires positive, collaborative relationships with state and local elected officials who will be supportive over the long-term,” the company said in a blog post Thursday. Click here to read more at www.lightreading.com.
Many companies have emerged in the last several years that offer detailed insight on historical commercial real estate (CRE) data, listing comps and market insights. While historical market data is imperative for most CRE entities, timely market insights are just as essential in making the right investment or business decision. Would you purchase a home based solely off of market data from quarters passed? What about purchasing a car after only seeing a CarFax from three owners prior? Probably not. Click to read more at www.realmassive.com.
The bond markets are off to a roaring start for the year with the fixed income sectors recovering much of the under-performance from the devastating fourth quarter selloff. As we begin 2019, we wanted to focus this week’s podcast on the recent performance and the latest developments in the agency mortgage market. The mortgage market ended January with yields spreads declining six basis points to 72 basis points over U.S. Treasuries and are now at the lowest levels since October. Click to read more at www.seekingalpha.com.
CMBS originations, commercial real estate debt fund activity and the fate of Fannie Mae and Freddie Mac were among subjects of discussion at MBA CREF 2019. In spite of a chaotic political environment at home and abroad and volatility in the stock market, debt capital should continue to flow freely into the commercial real estate space this year, according to panelists at the MBA CREF/Multifamily Housing Convention & Expo 2019 taking place in San Diego this week. Here are the takeaways from Monday’s sessions. Click to read more at www.mrej.com.
While the U.S. economy picked up steam in 2018 thanks to strong confidence from both consumers and businesses, commercial real estate professionals may need to brace for some speed bumps ahead in 2019. Heading into the fourth quarter of 2018, consumer confidence remained elevated due to high levels of employment and business expansion. In fact, the U.S. posted a record high number of job openings in October, with more jobs available than unemployed people in the workforce, according to Job Openings and Labor Turnover Survey (JOLTS) employment data. Click to read more at www.ccim.com.