Property Types

This week’s Monday’s Numbers should be subtitled: “Credit Suisse Group Sells $2.8 Billion European Commercial Property Loan Portfolio for $1.2 Billion”

The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders widened slightly during the most recent survey period. It’s year-end, and lender’s are starting to focus on next year’s allocations. If it’s a typical start, rates will be up slightly as lenders test the waters as to what spreads will work and what borrowers” will accept. We’ll see if the current glass ceiling of 5.0 percent holds or if it’s off to the races in 2011.

The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders came in slightly during the most recent survey period. During the period, 10-year Treasury bond yields were unchanged. There seems to be an all-in cost of 5.0% “glass ceiling” in place. For the survey period, average all-in cost equaled 5.02%, the “present” glass ceiling. Not much is expected to happen during the next two weeks so we’ll sit on the sidelines and wait for January’s allocation to re-fill lender’s coffers.

A freestanding Smart & Final warehouse grocery store in Modesto, California, was sold to a private investor for $1.9 million—and at an 8.56 percent cap rate. A nearly 9 percent cap rate in today’s market? It was a triple-net-lease property in a tertiary market. Philip D. Voorhees, senior vice president in the Newport Beach, California, office of CB Richard Ellis Inc. and an expert on triple-net leases offers advice for developers.

The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders was mixed with some widening and some narrowing between October 22nd and October 29th. During the period, 10-year Treasury bond yields came in 5 basis points, with average all-in cost equal to 4.83 percent.

The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders was mixed with some widening and some narrowing between October 15th and October 22nd. During the period, 10-year Treasury bond yields widened 5 basis points, with average all-in cost equal to equal to 4.89 percent.

Real estate developers around the world are responding to increased consumer interest in cycling and walking as preferred modes of transportation by building projects adjacent to trails, bike paths, bike-sharing stations, and other infrastructure that supports human-powered mobility, according to
Active Transportation and Real Estate: The Next Frontier, a new ULI report.

In 2012, the Children’s Hospital of Philadelphia, a private institution, partnered with the city to serve residents in south Philadelphia. This public/private effort is unprecedented in the variety of services located on a single site, the speed of public approvals, and financing.

ULI has announced an area in Atlanta’s Midtown neighborhood as the study site in the 14th annual ULI Hines Student Competition. The ideas competition provides teams the opportunity to devise a design and development program for parts of a large-scale site.

Daryl Fairweather, chief economist for real estate brokerage Redfin, will be presenting at the upcoming 2024 ULI Housing Opportunity Conference in Austin. A classically trained economist with both a Ph.D. and a master’s degree in economics from the University of Chicago, Fairweather previously worked at Amazon and the Federal Reserve Bank of Boston.

The next era of multifamily real estate will be led by managers that have the ability to produce alpha. The 2010s were defined by a seemingly never-ending bull market. The next cycle will remind investors of the importance of partnering with managers that apply an appropriate risk-reward analysis and have the skill and experience to add value at the real estate level to generate alpha.

ULI Asia Pacific Young Leaders hosted a forum on housing attainability in May with a focus on Australia, China, and Singapore. The event started with a short presentation by Ken Rhee, Senior Director of ULI China and the primary author of the newly released 2023 ULI Asia Pacific Home Attainability Index.

Agile workplaces, equipped with the right technology to accommodate remote and in-person employees, and with equitable access to work-supporting resources, are likely to emerge in the pandemic’s aftermath, said experts from Zendesk, Gensler, and LinkedIn.

Culture, amenities, and locale are vitally important in drawing in today’s modern workforce, but COVID-19 is throwing a wrench into project planning. ULI Virtual Fall Meeting panelists discussed their projects, the idea of tech campuses, urban planning, and placemaking, comparing approaches and offering lessons learned from their projects.

Office workers across the Asia Pacific region are returning to the office at varying paces, taking into consideration government directives and company policies. Though the permanent impact of remote working remains to be seen, landlords will need to innovate and adapt to a changed environment, said participants in ULI Asia Pacific’s latest FutuRE of Cities and Communities webinar.

The Federal Housing Authority (FHA) provided some news the housing industry can be thankful for this holiday season—an increase to loan limits across 3,011 counties. In particular, some of the markets that have faced the most rapid price appreciation over the past few years saw a sizable jump. Seattle saw the largest absolute value increase of $75,000 and a 13 percent change. Other notable year-over-year movers include Salt Lake City (8.4 percent), Minneapolis (7.3 percent), and Denver (7.2 percent).

At a panel discussion hosted by ULI Pittsburgh, experts highlighted the city’s interesting architecture, relatively affordable housing in walkable neighborhoods, and a strong outlook for the retail sector.

Modular units, virtual reality, rental homes, data-driven marketing—and even autonomous flying passenger vehicles—will transform master-planned communities in the coming years, a group of developers and marketers said during a panel discussion at the 2017 ULI Fall Meeting in Los Angeles.

The National Retail Federation predicts a record-breaking 2025 holiday season, with U.S. sales for November and December projected to grow between 3.7 percent and 4.2 percent—pushing total holiday sales past $1 trillion for the first time. Yet there also are signs that consumers are nervous; that mood, plus accounting for inflation, could leave holiday spending relatively flat.

From Dead Mall to Living District: Replacing the “Great Wall of Galleria” with a Connected Urban Core

For decades, civic leaders have tried to revitalize Market Street, San Francisco’s central thoroughfare, only to see their efforts founder. “I sometimes call it the great white whale of San Francisco,” says Eric Tao, managing partner at L37 Development in San Francisco and co-chair of ULI San Francisco. “Every new mayor, every new planning director, every new economic development director has chased that white whale.” This year, however, an international competition of ideas hosted and run by ULI San Francisco, with support from the ULI Foundation, generated fresh momentum for reimagining the boulevard. The competition drew 173 submissions from nine countries and sparked new conversations about the future of downtown San Francisco.