Capital Markets

Despite Looming Clouds, Bright Forecast for U.S. Real Estate

The latest ULI Real Estate Consensus Forecast calls for relatively smooth sailing ahead as it relates to both continued economic growth and a favorable outlook for commercial real estate investment. But the forecast, which includes survey responses from 48 economists and analysts at 36 leading real estate organizations, is not as bullish as it was six months ago, and there are headwinds looming that are expected to temper growth heading into 2017.

Read More

Papal Visit Drives Lodging Demand for Recovering New York City Market

With the United Nations General Assembly, Pope Francis, and President Obama converging on New York City, booking a hotel room there has become next to impossible. Room prices have spiked—at least temporarily—throughout much of the city. Yet, it is at odds with a real estate investment trust (REIT) sector where total returns are down 16.41 percent year-to-date in 2015. Plus, interest rate survey results from Trepp.

Read More

Real Estate Economists Lower Forecasts but Still Optimistic

The latest survey results of the semiannual ULI Real Estate Consensus Forecast, prepared by the ULI Center for Capital Markets and Real Estate, pick up on slowing global growth and volatility and are generally less bullish than six months ago. The full forecast will be released on September 30 as part of a members’ only webinar.

Read More

Federal Reserve Delays Interest Rate Hike

Last week, the U.S. Federal Open Market Committee opted to not raise its benchmark interest rate, which has been near zero since late 2008. The lack of an interest rate increase was positive news for real estate and real estate investment trusts, which gained 1.10 percent for the day. Plus, interest rate survey results from Trepp.

Read More

Recent Articles

  • Report: U.S. Multifamily Investment Hits Historic Four-Quarter Total

    September 16, 2015

    Investment in U.S. multifamily reached $127 billion for the year ending June 30, 2015—the highest four-quarter total in history and representing growth of 36 percent over the 12-month period, according to the latest research from CBRE. The total surpasses the mid-2000s peak of $100 billion achieved in the year ending June 30, 2006.

  • Retailers Broaden Product Offerings to Attract Shoppers

    September 14, 2015

    Macy’s and Best Buy have announced plans to open 300-square-foot (28 sq m) consumer electronics departments in ten Macy’s stores in early November. The announcement seems innocuous, since the store-within-a-store concept is not new, but it is important to these retailers, both of which have struggled as consumers increasingly shop online and at discount retailers.

  • REITs Stumble along with Broader Markets in August

    September 8, 2015

    As of August 18, the FTSE NAREIT All Equity REIT average monthly total return was up 2.38 percent; but by month’s end, it had lost its gains and more. The FTSE NAREIT All Equity REIT average declined 5.82 percent during August. Plus, interest rate survey data from Trepp.

  • REITs Down on China-Related Concerns

    August 31, 2015

    U.S. stock markets turned dramatically lower during much of the past week, but markets ended the six-day downturn by surging ahead on Wednesday and posting additional gains on Thursday. Positive economic news on U.S. second-quarter gross domestic product, consumer confidence, and home sales indicated that the domestic economy should be able to withstand the slowdown in China. Plus, interest rate survey data from Trepp.

  • Outdoor Advertising Industry Growing Despite Challenges

    August 24, 2015

    Two of the four major outdoor advertising companies converted to real estate investment trusts in 2014, prompting a look at outdoor advertising trends and REIT performance. The movement toward highly flexible digital billboards is driving outdoor advertising revenue growth. Plus, interest rate survey results from Trepp.

  • REITs Go to Prison

    August 17, 2015

    Like all REITs, prison REITs have been beaten down this year by the prospect of higher interest rates, but they have been further affected by discussion of prison reform and new government regulations. Plus, interest rate survey results from Trepp.

View All