Economy Watch: Will Higher Interest Rates Blindside CRE? Probably Not.
“The persistent pattern of low cap rates for many real estate assets is an important factor in how higher rates will affect commercial real estate,” according to The National Association of Realtors chief economist.
Economy Watch: Retail Sales See Uptick in November
Retail and food services sales turned in a modest increase in November compared with October.
Economy Watch: More Evidence That CRE Values Might Drop Next Year
The conventional wisdom, it seems, is fast becoming wedded to the idea that the peak is here for commercial real estate values, and 2016 will be the time for some kind of correction.
Top 10 NYC Multifamily Sales in September 2015
September saw a total of $690,000,000 in multifamily sales. One buyer, BRE FSC Multifamily Borrower LLC, swept up the competition, picking up the bill on half of these top 10 transactions. With no further ado, here are NYC’s top 10 multifamily real estate deals recorded in September 2015: #10 609- 619 W 135 Street, Manhattan Sale Price: $31,000,000 Buyer: 609-619 West 135 Street LLC Seller: Galil Management formerly E&M Associates Coming in at number 10 is the five-building package deal at 609 to 619 W 135 Street in the Hamilton Heights neighborhood. Brooklyn-based landlord Isaac Herskovitz closed the deal…
Economy Watch: Construction Spending Continues Growth Trajecto
U.S. construction spending continued to increase in October.
Economy Watch: Improved National Activity Index Points to Economy’s Resilence
Another relatively positive metric for the economy in October.
Market Pulse for November 2015
Market Pulse section compiled by Suzann Silverman. To comment, email ssilverman@cpexecutive.com. Multifamily Starts: Housing starts of buildings with ve or more units, measured at a seasonally adjusted annual rate, fell by 17.1 percent to 413,000 over the month of July 2015. The monthly decline in these housing starts partly re ected a 4.6 percent upward revision to the number of five or more unit housing starts originally recorded in June; it was revised from 476,000 to 498,000 in July. In tandem with the monthly levels, the three-month moving average, used to smooth monthly data volatility, also fell, declining by 1.8…
Economy Watch: Another Housing Bubble? No.
Housing prices are, at least nominally speaking, back to levels last seen during the bubble. What does it portend?
Economy Watch: Retail Sales Weak in October (But Stronger Except for Car Sales)
Retail sales disappointed in October.