On the heels of Amazon's surprise announcement to cancel its plan to build a new headquarters facility in New York's Long Island City due to Democratic political opposition, both the local real estate market and the Governor's office were stunned.
According to the Mortgage Bankers Association's newly released its year-end ranking of commercial and multifamily mortgage servicers' volumes (as of December 31, 2018); Wells Fargo leads the national rankings, again.
Steady U.S. commercial real estate markets, along with equity and debt availability, are expected to keep commercial and multifamily mortgage originations roughly on par with the volumes seen the last two years.
Despite rising global uncertainty impacting Q4 investment, 2018 was the best year since 2007 for global commercial real estate markets, with volumes hitting $733 billion.
According to CBRE, commercial lending activity in the U.S. was strong in the final quarter of 2018, despite recent equity market volatility.
Global real estate consultant CBRE is reporting this week that retail real estate left behind by the retail industry's digital evolution can find new life as warehouses and e-commerce distribution centers.
According to JLL's latest research, Flexing Their Muscles: Markets to Watch in 2019, the U.S. office market is poised to take on significantly more office flex space in the coming year.
The Dow Jones Industrial Average finished 2018 down 3.5% and lost 13% of its value between October 2018 and December 2018 alone -- its worst annual performance since 2008. The downturn rippled through world equity markets.
According to CBRE, the availability rate for U.S. industrial real estate declined by 8 basis points (bps) in the fourth quarter of 2018, while demand for warehouses exceeded the delivery of newly constructed supply by roughly 6 million square feet.
Commercial/Multifamily DataBook, as researched by Jamie Woodwell, MBA's Vice President of Commercial Real Estate Research; the overall U.S. economic strength in the first three quarters of 2018 has further tightened the job market.
Commercial real estate investors in the U.S. are feeling more confident this week after the Federal Reserves' fourth interest rate hike in 2018, according to global real estate consultant CBRE.
Manhattan's most popular retail corridors experienced widespread asking rent declines in the fall of 2018. Out of the 17 high-profile corridors, 15 posted year-over-year decreases in ground floor retail average asking rents per square foot
The city of Houston's commercial property markets and oil driven economy seem to have fully rebounded, post Hurricane Harvey and depressed oil prices last year.
According to the American Institute of Architects (AIA), U.S. architecture firm billings growth softened in October 2018 but remained positive for the thirteenth consecutive month.
This week Amazon announced their final selection for the location of their second headquarters. In a change to the original plan, Amazon decided to split the location of their new headquarters between two cities choosing New York and Northern Virginia.
New Jersey's industrial sector set new records last quarter in absorption, vacancy rates and asking rents.
According to CBRE, U.S. retailers will seek to cap a strong year this holiday season by doubling down on strategies to draw online shoppers into stores, reward their loyalty in new ways and ensure that toys are available at every turn.