RIP — Allison Chambers
With deep sorrow and heavy hearts, we at Kalmon Dolgin Affiliates announce the untimely passing of our longtime colleague and dear friend Allison Chambers. Allison was an integral part of our firm and our family for over 25 years. Through hard work, determination and perseverance, Allison achieved great success in the commercial real estate field… Read more »
FDIC signals greater scrutiny of commercial real estate loans
More than 98% of banks engage in commercial real estate lending, and commercial real estate loans are the largest loan portfolio type for nearly half of all banks, the FDIC said in its report. While dollar volume of CRE loans is at a historic high, and a growing number of banks report CRE concentrations, lending… Read more »
Self-Storage Rents Rise 20 Percent Nationwide in Q2: Report
The self-storage industry continued its steady pandemic-era boom with asking rents rising a whopping 20 percent in the second quarter compared to the same time as last year, but demand for storage space might be cooling. The Commercial Observer reported that average asking rents for self-storage facilities in the second quarter stood at $1.35 per… Read more »
US Commercial Real Estate Values Threatened by Stagflation
Stagflation is likely to lead to lower US commercial real estate (CRE) valuations, Fitch Ratings says in new analysis of factors that could affect CRE prices. Inflation and weak economic growth could result in modestly growing or declining nominal net operating income (NOI) from soft tenant demand and elevated capitalization (cap) rates reflecting a higher… Read more »
Is the Economy Headed in the Right Direction?
Is the Economy Headed in the Right Direction? by Neil A. Dolgin I’ve always been of the mindset that for any business, an economic downturn is an opportunity for innovation and transformation rather than a barrier to progress. While it’s hard to be certain where we’re headed in today’s economy, there is some good news… Read more »
Despite Economic Upsets, Investment in Commercial Real Estate Holds Steady
Data from the Capital Markets Report has found that investments in U.S. commercial real estate totaled $166.8 billion in the second quarter of 2022, a glimmer of good news for the sector. Considering the explosive buying spree that took place at the end of 2021 (where investment volume reached $322.3 billion) it may seem like… Read more »
Key Trends That Will Drive Commercial Real Estate In 2022
For many large organizations the return to office is becoming an albatross around their neck. Real estate managers are finding it difficult to get employees back to the office and hence need to rethink what ‘the office’ means to most people. The office is not just the physical manifestation of space but rather a tool… Read more »
Brooklynites Ditched Kings County for Queens, Manhattan, Central NJ During Pandemic
It’s no secret that the pandemic accelerated certain real estate trends — namely people moving to places where they could buy a home and take advantage of more space. A new Placer.ai report shows where people have moved over the past two years, including a look at where Brooklynites have gone during the pandemic. Overall,… Read more »
Real Estate Developers Mull Four Sites for New York City Casinos
Real estate developers are considering multiple sites in the five boroughs, including Times Square, for new casinos in New York City. The New York Gaming Commission (NYGC) can issue three gaming permits for downstate gaming venues. The New York Post reports that several titans of local commercial real estate, along with some of the casino… Read more »
How To Protect Yourself From Inflation With Commercial Real Estate
If you follow economic news, you are undoubtedly familiar with the word inflation by now. The good news is that there’s an investment option staring you right in the face that you can utilize to both survive and thrive during inflationary periods…. The grocery store. Think about it. When was the last time you saw… Read more »
Women Continue To Conquer Commercial Real Estate
For women, the topic of diversity in the commercial real estate industry has been a decades-long conversation, and in that time a lot has changed. Women now have a seat at the table, but female leaders agree that there is still work to be done to achieve true gender diversity. We talked to some of… Read more »