Economy Watch: Golden State Real Estate’s Golden
According to Allen Matkins-UCLA Anderson Forecast Commercial Real Estate Survey Spring 2016, there is once again a demand for real estate development in California.
Economy Watch: E-Commerce Continues Its Upward Trek
The Census Bureau reported this week that U.S. e-commerce retail sales were up 2.1 percent in the fourth quarter of 2015, compared with the third quarter.
Top 10 NYC Multifamily Sales in January 2016
The data is in! New York City multifamily real estate rocketed into 2016, with numerous eight-figure-plus sales. Manhattan, Brooklyn and the Bronx all jockeyed for the spotlight. Check out PropertyShark’s list of the top 10 most expensive multifamily deals recorded in NYC in January: 10. 4002-4004 & 4014-4016 Carpenter Ave., The Bronx Sale Price: $15,900,000 Buyer: Nysandy12 Cbp5 LLC Seller: Ecp Carpenter LLC The Real Deal reports that these two properties are part of a a much larger portfolio acquisition. In a partnership between Related and the New York City pension funds, a total of 737 Bronx apartments are being…
Market Pulse for March 2016
Market Pulse section compiled by Suzann Silverman. To comment, email ssilverman@cpexecutive.com. Multifamily Starts: In December 2015, housing starts of buildings with five or more units gave back a portion of the gains made in November 2015. After growing from 344,000 to 378,000, a 9.9 percent increase, between October and November, housing starts of buildings with five or more units fell by 3.4 percent to 365,000 over the month of December. Despite the one-month decline, the number of housing starts of buildings with five or more units in 2015, 385,000, exceeded the level in 2014, 342,000, by 12 percent. Since reaching…
Economy Watch: Mixed Signals About Consumer Spending
Can American consumers sustain or even increase their pace of retail spending and thus support the health of the retail property market?
Economy Watch: Economy Slowing, But CRE Will Abide
The economy’s gotten off to a somewhat slow start this year.
Economy Watch: January Employment Numbers Might Come in Low
The first employment report of 2016 from the Bureau of Labor Statistics is due on Friday, and there’s a measure of worry that it will be weaker than in recent months.
Economy Watch: 4Q GDP Fairly Weak
January 2016 ended with mixed metrics about the state of the U.S. economy.
Matrix Monthly Documents a Fast Start to Multifamily Rents in 2016
National average in January sets a new all-time high.
Economy Watch: Real Estate Investment Volume Saw Strong 2015
Total direct real estate investment worldwide reached just over $700 billion in 2015, almost as much as in 2014, according to a recent report by JLL.