Commercial property prices continued to rise across the largest gateway markets globally in 2018, according to data provided by RCA, but the pace of growth slowed from previous years. Cities in the Asia Pacific region, including Melbourne, Seoul, and Singapore, led the pack in the latest “RCA CPPI RCA’s Global Cities” report rankings.
Alternative lenders increased their market share in the commercial real estate debt sector in 2018, panelists said at a ULI North Texas event in March. That trend is likely to continue this year as competition among all types of debt providers heats up capital markets.
Nashville has been growing at a rate of nearly 100 residents per day since 2011, according to U.S. Census Bureau estimates. Emerging Trends in Real Estate® 2019, copublished by ULI and PwC, ranks Nashville as the number-five U.S. market for overall real estate prospects. For those still looking for deals in Nashville, the following are six important things to know about capital markets and the local lending environment.
While many real estate investors and lenders seem to be holding their breath in anticipation of the next recession, there are nonetheless some promising new opportunities on the horizon. That was the collective opinion of four lenders who served as panelists at the recent 2019 ULI Carolinas Meeting in Raleigh.
Panelists at the recent ULI Europe Conference talked about which sectors are the most attractive to investors in the current market dynamic. But with pricing fairly tight, investors are keeping an eye out for disruptive business models such as coworking or drone delivery.
The latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows that despite the recent uncertainty in the stock market, increasing cap rates, and slower economic growth, developers’ views on California commercial real estate markets have not changed much from six months ago. Following the trends of the past two years, industrial space remains hot despite the economy’s fluctuations; multifamily housing remains strong in most markets; office has reached its peak; and retail markets continue to struggle.
A diverse group of experts presented a stark analysis of the rollout of federal Opportunity Zones during the recent ULI Housing Opportunity 2019 conference in Newport Beach, California. More than a year after the program was established, there is still confusion over regulations and implementation, they said.
Jes Staley, CEO of multinational investment bank Barclays, spoke at the ULI Europe Conference in London, sharing his recent experiences addressing shifting financial regulations and the evolving opportunity presented by new technologies.
In addition to the gyrations of the stock market, the rate on 10-year U.S. Treasury notes surged past the 3 percent level into late September and early October. And yet, even with the turmoil in the financial markets, cap rates were unchanged to down from a year earlier in the fourth quarter.
The clock is still ticking on real estate markets. “We are right at the end of a real estate cycle,” says Bowen H. “Buzz” McCoy, who joined the 25th annual ULI/McCoy Symposium on Real Estate Finance, held in December in New York City. Though the closed-door session is strictly confidential, some attendees shared their takeaways.