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The Tax Break Commercial Real Estate Investors Might Need After Covid-19

The COVID-19 pandemic has had a dramatic impact on commercial real estate values, and in some cases resulted in property no longer being able to support the debt with which it is encumbered. The decrease in value of commercial property has forced many owners to restructure their debt. However, the resulting forgiveness of a portion… Read more »

Global Investors Remain Enthusiastic about the U.S. Commercial Real Estate Market

The U.S. commercial real estate market continues to be seen as attractive by global investors over both the short and long term, according to the Association of Foreign Investors in Real Estate (AFIRE) 2022 International Investor Survey Report, released in mid-April. The survey, conducted in Q1 2022, reveals institutional insight and intent towards future real… Read more »

Managing Uncertainty in the CRE Marketplace

by Neil A. Dolgin The U.S. economy made a truly spectacular recovery in 2021 coming out of the Covid pandemic. U.S. gross domestic product (GDP) and job growth were very strong, unemployment fell, wages rose, and retail sales recovered. Today’s CRE marketplace now faces unique challenges with rising inflation, the risk of a recession, continued… Read more »

At Current Rate, Available Logistics Space In U.S. Would Dry Up In Record 16 Months: Prologis

Despite Amazon’s planned pullback on new warehouse growth, rampant demand for industrial space, as well as supply chain delays, has reduced the available inventory of warehouses to historic lows, according to a new report from global industrial powerhouse Prologis. At current rates of supply and demand, logistics tenants could burn through available inventory in 16… Read more »

U.S. Hotel Rates Hit Record High

Travelers are continuing their return to hotels, and they are paying record rates for their rooms. The national average daily rate for a room in March was $146.61, the highest for any month on record, according to hospitality data provider STR. However, STR did note that, when adjusted for inflation, the March ADR was about… Read more »

What Commercial Real Estate Gained and Lost in New York State’s New Budget

Reaching a state budget deal with lawmakers was supposed to be the hardest part of the year. Gov. Kathy Hochul could barely bask in the passage of her $220 billion budget after an additional six days of closed-door negotiations with legislative leaders and a marathon weekend of votes, when her lieutenant governor was arrested for… Read more »

Commercial real estate investors fear inflation despite growth

Rising interest rates and increasing construction costs are the biggest threats to the commercial real estate sector, according to a new report by industry data provider, LightBox. The 18-page ‘Investor Sentiment Report’, covering data during the first quarter this year, said record high inflation and the prospect of higher interest rates were “tangible threats” that… Read more »

Despite Looming Fines For Building Emissions, NYC’s Green Financing Program Struggles To Take Off

New York City’s real estate industry will soon have to comply with legislation designed to help the city meet its ambitious climate goals. But there’s a problem: Developers and lenders don’t understand the city-run financing program in place to help landlords reduce their buildings’ carbon emissions. The program called C-PACE, which stands for Commercial Property Assessed Clean Energy, is intended to provide… Read more »

Mayor Eric Adams Interview: His first 100 days

I have covered Mayor Eric Adams for roughly 15 years since he was a state senator and through his borough presidency to his election of mayor. Anecdotally, I would characterize the mayor to be politically shrewd, and inspirational as a person, friend and orator. He has shared qualities of three previous mayors that he looks… Read more »

How the pandemic gave commercial real estate tenants the upper hand

“The COVID-19 pandemic has changed the nature of commercial real estate negotiations, shifting some of landlords’ long-held leverage to tenants as cities across the U.S. experience a reshuffling of where business activities take place. It’s also created opportunities for some small businesses to take a chance on brick-and-mortar properties, while other smaller shops that long… Read more »

NYC Investment Veterans Launch Firm To Buy Up CRE’s New Ugly Ducklings

Two veterans in New York City’s commercial real estate market have stepped out on their own, in the hopes of scooping up properties where owners have given up hope. Neil Helman and Gerry Davis have banded together to launch Collins Realty Partners, which they say will specialize in buying value-add properties for $10M or more… Read more »

NY’s End of Some Pandemic Restrictions Sparks Optimism in Real Estate

When Gov. Kathy Hochul lifted New York’s state mask mandate earlier last month as coronavirus cases in the state began to decline, she called the move a sign of “tremendous progress after two long years” of the pandemic. As Mayor Eric Adams plans to drop the vaccination requirement for indoor dining, gyms and entertainment venues… Read more »

National Association of Realtors: Why Industrial Spaces Lead Commercial Real Estate in Bouncing Back From COVID

Commercial real estate took a hit during the COVID-19 pandemic, as did many industries. But the market is starting to bounce back this year, largely due to increased investments in industrial properties. According to research by the National Association of Realtors (NAR), commercial real estate transactions of less than $2.5 million fell by 1% in… Read more »

Signs of stress deepen in the office real estate market

More than two years after COVID-19 upended the world of work, signs of a slow-motion crackup in office real estate are emerging. Why it matters: Fresh commercial real estate data suggest that working from home (WFH) is becoming a permanent feature of the American economy, a development that has major implications for everything from housing… Read more »

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