Commercial Real Estate News for Wednesday May 30

In Wednesday’s commercial real estate news – we’ll give you a look at the $107 Billion Commercial Real Estate Deal, why credit unions are overlooked when it comes to CRE loans, the NOI growth in senior housing, and so much more.

Q1 COMMERCIAL REAL ESTATE DEAL VOLUME HITS $107 BILLION, REPRESENTING YEAR-OVER-YEAR INCREASE OF 6.7 PERCENT

Ten-X Commercial, the nation’s leading online and only end-to-end transaction platform for commercial real estate, today released its latest Commercial Real Estate Volume & Pricing Trends report, which shows that transaction volume across the five commercial real estate sectors totaled $107 billion in Q1 2018.

Credit Unions: An Overlooked Source for Commercial Real Estate Loans

Credit unions may not be top of mind for commercial real estate investors seeking financing. In fact, many people do not realize that these lending institutions offer commercial financing alongside a variety of consumer and residential loans.

Sun Commercial Real Estate Negotiates $8.3M Sale of Office Portfolio in Las Vegas

Sun Commercial Real Estate has brokered the sale of a single-tenant, absolute triple-net leased portfolio in Las Vegas. An undisclosed REIT sold the portfolio to an undisclosed buyer for $8.3 million, or $120 per square foot.

Despite fears of trade wars and increased protectionism, foreign investment in the United States remains robust.

 

Keurig Buys Land to Build $350 Million Roasting Plant in Upstate South Carolina

Specialty coffee manufacturer Keurig Green Mountain, Inc. has unveiled plans to build a roasting and packaging facility in the Tyger River Industrial Park North in Moore, SC, a $350 million investment expected to create 500 jobs.

 

How Seniors Housing NOI Growth Compares with Other Sectors

In its analysis of commercial real estate pricing and growth, Newport Beach, Calif.-based research firm Green Street Advisors projects seniors housing will experience a dip in NOI in 2018, but growth in 2020, 2021 and 2022 could outpace the broader major sector averages.

After 16 Years, Old Cook County Hospital Redevelopment Finally Ready to Start

Let the healing begin at the 104-year-old Old Cook County Hospital, which ducked the wrecking ball but has been in an ongoing state of deterioration since it was abandoned in 2002.

Millions of U.S. Homeowners Still Under Water on Mortgages

Almost 4.5 million households — or 9.1 percent — owed more than their homes are worth in the fourth quarter of 2017, according to data firm Zillow.

10 Must Reads for the CRE Industry Today (May 30, 2018)

Catch up on the latest in CRE today!

One-Time Emerging Apartment Markets Are Becoming Emerging Office Markets

The migration of renters and employees has begun affecting office tenants, causing many employers to relocate to suburban markets as well.

CRE Defies Rising Tide of Global Debt Levels

The International Monetary Fund (IMF) has been sounding warning bells about the high levels of global debt. But U.S. commercial real estate has been defying that trend, which could make the sector even more attractive as a “safe haven” for global capital.

Coming Soon to Cleveland: Luxury Tower Built With Tax-Free Bonds

Taxpayers will be subsidizing a luxury apartment in Cleveland that’s complete with a yoga studio, fire pits, pool and grill areas.

Another Retail Property Goes on Sale at Outlet Hub near Mexican Border

Situated near Mexico, San Diego’s San Ysidro has long been popular with outlet bargain hunters on both sides of the border, bringing stability to a region where large multi-tenant retail properties rarely come to market.

LaSalle Boosts Global Real Estate Investment Management With Acquisition from Aviva Investors

Aviva Investors, the global asset management business of European insurance giant Aviva plc, announced an ambitious plan to reshape itself, combining its real estate holdings, infrastructure, structured finance and private debt units under a single operating structure.

Here at myNOI.com our team researches daily to find you the most important commercial real estate news!