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 […]
CRE Prices Continue Upward Surge In First Quarter of 2015
Excerpts from Article: “The value-weighted U.S. Composite Index, influenced by sales of high-quality assets in core markets, increased by 4.7% in the first quarter of 2015 and is now 11% above its previous peak in 2007.” “Apartment investment led all building types in annual growth, with the Multifamily Index increasing by 14.8% for the 12 months […]
Shopping Center Market Finally Positioned For New Supply Growth?
Currently retail properties have low vacancies and Costar suggests developers starting constructing retail properties in good demanding locations. The lack of supply of retail properties means the rents are going to increase and the value of the property is going to rise, until new development is built to offset the demand in the area. Mixed-use […]
Overseas Investors Accelerating CRE Property Price Gains
Foreign commercial real estate investors continue to purchase overpriced properties. There is intense competition among foreigners to purchase commercial real estate. Local real estate investors usually do not overpay for real property, while foreign investors will over pay by 13.8% according to Costar. According to Costar, “Canada is the largest global buyer of U.S. real […]
Commercial Mortgage Originations, Including CMBS, Rising to Meet Refinancing Demand
Lenders are originating more loans for commercial property than in the past. Lenders are finding opportunities in industrial properties and multifamily properties. Office and hotel loans continue to increase as well. The loans for retail and medical properties continue to be stable. The increase in the origination of loans means lenders are optimistic about the […]
San Diego Embracing Re-Purposed Office
The San Diego office sector is showing signs of continued growth and opportunities as other cities become more expensive. There is expected long term appreciation and growth in San Diego. Companies are looking into office building functionality. Older office buildings shall be repurposed or reconstructed to accommodate the demands of the tenant. Renovating and improving […]