Map of Oregon highlighting Washington County (Photo credit: Wikipedia)
Multifamily values, investors reaching for the solidity of commercial real estate, and greater Portlandia (Washington County) embraces a new industrial development. It’s all here in the Commercial Real Estate News Roundup for November 24, 2014
General
- Commercial Real Estate Is Now a Market of the Haves and Have Nots, WSJ, Nov. 21, 2014 – WSJ points out that the crash is still the crash for suburban office buildings and not their downtown counterparts.
- Canadians snap up U.S. commercial real estate at record pace, Reuters, Nov. 18, 2014 – Boardrooms north of the border are hot on US commercial property
- Experts discuss status of real estate in South Florida at SFBJ’s Market Review, South Florida Business Journal, Nov. 21, 2014 – South Florida conference talks property. Missing from this piece: any mention of NOAA’s predictions of rising seas.
- Seattle, you’re slipping in the nation’s real estate rankings, Puget Sound Business Journal, Nov. 20, 2014 – Emerald City and environs slips a bit in national commercial market rankings.
- Commercial Real Estate Prospects Appear Bright for 2015, WSJ, Nov. 24, 2014 – WSJ catches up with NAR’s Lawrence Yun’s presentation to NAR’s 2014 Expo.
Office
- Schafer: Starved for returns, investors turn to real estate, Minneapolis Star-Tribune, Nov. 22, 2014 – Once again the relative inflexibility and illiquidity of commercial real estate is sought after by investors as a feature, not a bug.
- Is boutique office the next hot thing in D.C. commercial real estate? Washington Business Journal, Nov. 18, 2014 – The more modest space requirements of governmental affairs and lobbying firms are defining the DC office market, says WBJ.
Industrial
- Colony Financial Agrees $1.6 Billion Cobalt Capital Purchase, Bloomberg, Nov. 19, 2014
- South Jersey industrial market picking up steam, Philadelphia Business Journal, Nov. 21, 2014 – Perhaps with a touch of regionalist envy, Philly’s business organ gives it up for the Garden State’s traditional friendliness to industry
- Trammell Crow, Washington Capital purchase land in Tualatin to develop Southwest Industrial Park, The Oregonian, Nov. 17, 2014 – Meanwhile, east of Portland, development continues apace.
Retail
- Denver’s retail market ranked among top 10 for investors, Denver Business Journal, Nov. 18, 2014 – Denver’s retail assets rose 110% between mid-year 2013 and mid-year 2014.
- Retailers Reconsider Real Estate, Mergers & Acquisitions, Nov. 18, 2014 – The sad stories of retailers Coldwater Creek and Dots given a review as the market struggles with e-tailing and bankruptcies.
- Honolulu ranked as one of the top retail markets in the U.S., Pacific Business News, Nov. 18, 2014 – Manhattan number one. Okay. San Francisco number two. Sure. Honolulu…number three? Really?
Multifamily
- Multifamily Market will Continue to Perform, Multi-Housing News, Nov. 20, 2014 – RubinBrown’s Bryan Keller talks strength in 2015 for both conventional and affordable apartments.
- Real Estate Analytics Startup Rentlytics Closes $4 Million Seed Round, WSJ, Nov. 24, 2014 – Rentlytics has brought to market an apartment property management tool that has the venture capital community enthusiastic.
- Report: Multifamily market staying hot into 2015, Sacramento Business Journal, Nov. 19, 2014 – More sunny predictions for multifamily from the Golden State.
