Excerpt from article: San Diego is on the water like three of the four other major West Coast cities (Seattle, San Francisco, Portland and LA), but Downtown SD is very different. San Diego is well-located and moving in the right direction compared to these other cities, he said, including efforts to put its stadium Downtown […]
Building Owners Enjoyed 2015 Property NOI Growth at Highest Levels Since 2007
Excerpt from article: According to early analysis of securitized loan results through February of 2016, the commercial properties backing the loans posted strong net operating income (NOI) growth, increasing 3.8% on average in 2015. Average NOI for commercial property backing CMBS loans showed a big jump in 2015, compared with 2.66% in 2014 and 2.64% […]
Commercial, Multifamily Mortgage Delinquencies Continue Decline in US
Excerpts from Article: “According to the Mortgage Bankers Association’s (MBA) Commercial and Multifamily Delinquency Report, delinquency rates for commercial and multifamily mortgage loans continued to decline in the first quarter of 2015.” “Life company portfolios: (60 or more days delinquent): 0.06 percent, a decrease of 0.02 percentage points from the fourth quarter of 2014; Freddie Mac […]
Insurers Driving More Disciplined CRE Lending Market
Excerpts from Article: “A new era of more stringent underwriting by banks and other lenders combined with greater diversity in sources of commercial real estate capital has helped ignite a rush of confidence among CRE executives, according to the 6th annual Akerman U.S. Real Estate Industry Outlook Survey released Wednesday.” “The survey indicates that nearly 60% […]
Survey: County’s Apartment Vacancy Rate Up from 2014
Excerpts from Article: “The local region’s apartment vacancy rate now stands at 4.1 percent, up slightly from spring and fall of 2014, according to newly issued results of a spring survey by the San Diego County Apartment Association.” “…vacancy may have been driven higher in part by rising supply of newly constructed apartments in places such […]
Local Retail REITs Reap the Profits of Solid Fundamentals
Excerpts from Article: “Those include continued gains in consumer spending at stores and restaurants, and relatively scarce new construction of retail space, keeping supply low and rents rising at the most sought-after existing locations.” “Barring a major economic event that rattles consumers, analysts and company leaders said current retail fundamentals are likely to stay in […]
Industrial Options Grow in North County
Excerpts from Article: “As the improving economy fills up industrial spaces in central San Diego, local companies such as SR Commercial are betting on continued rising demand in North County for manufacturing, warehousing and distribution properties.” “The warehouse market is exceptionally strong right now, particularly for modern, functional space under 50,000 square feet…” “…San Diego […]
Property Owners Reporting Strong 2014 NOI Gains
Excerpts from Article: “Commercial real estate owners posted strong net operating income (NOI) growth last year. For the properties reporting year-end 2014 financials, NOI grew by 2.8% on average, compared to growth of 2.64% in 2013, according to Wells Fargo Securities.” “If the growth rate holds among the remaining properties yet to report, it would mark the […]
Commercial Real Estate Makes Some Gains in the County
Excerpts from Article: “Conditions vary by neighborhood, but rising tenant and investor demand in an improving economy continues to move fundamentals generally in favor of commercial real estate landlords in San Diego County.” “CBRE Group said local retail asking rents have remained relatively flat over the past 17 quarters but have increased 10 percent over […]
After Riding Apt. Value Wave, Investors Taking Long Look at Cashing Out, Diversification
Excerpts from the Article: “As apartment rents and occupancy growth begin to taper in the face of new supply, owners of multifamily properties may be considering selling some assets or diversifying their portfolios with other property types that may offer more yield and occupancy stability, according to CoStar director of U.S. research, multifamily Luis Mejia, who […]