Commercial Real Estate News for Monday, March 19

In Monday’s commercial real estate news – we’ll give you a look at the UK commercial market, the #1 commercial market in the US, Institutional Commercial’s new development, and so much more.

 

UK commercial property outstrips even most bullish expectations

Offices in the UK continued to see strong takeup in the second half of 2017, as the commercial property sector smashed expectations.

According to a new report by the Commercial Real Estate Development Association NAIOP, in 2017 more than $24 billion in direct construction spending occurred in Texas– more than any other state in America.

Kushners’ Cadre Startup Benefited from Misleading Rent Filings

Residential buildings with rent controls are worth less than those without and can merit greater oversight by New York City during construction.

Institutional Capital New Development Driving MOB Investment

Heitman’s recent purchase of 17 medical office buildings totaling 1.4 million square feet in seven states, one of the largest MOB portfolio sales of recent years, is just the latest example of rising investor interest in an alternative asset class that some analysts believe ranks second only to apartments in its enduring allure for large institutional investors.

Starlight Taps Mitchell for New Vehicle

Starlight Investments has tapped Bay Street veteran Dennis Mitchell to head up its newly formed real estate securities investment platform, Starlight Capital.

Specialty Retailer Claires Files for Chapter

Claire’s Stores Inc. this morning filed to pursue a Chapter 11 bankruptcy financial restructuring in order to eliminate a substantial portion of its $1.9 billion in debt outstanding.

A Private Equity Investor Discusses Where to Put Money at the End of the Cycle

Terrell Gates, CEO of Virtus Real Estate Capital, continues to stick to a “cycle-resilient” strategy that zeroes in on seniors housing, medical office and workforce housing.

SFR REITs Continue to Expand

The REITs have more access to financing than ever before and the percent of rental houses that were occupied in 2017 continued to rise.

 

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