Emerging Trends in Real Estate® 2014

http://www.pwc.com/us/en/asset-management/real-estate/publications/emerging-trends-in-real-estate-2014.jhtml

Emerging Trends in Real Estate® 2014

November 2013

At a glance

What are the best bets for investment and development in 2014? Based on personal interviews with and surveys from more than 1,000 of the most influential leaders in the real estate industry, this forecast will give you a heads-up on where to invest, which sectors and markets offer the best prospects, and trends in the capital markets that will affect real estate.

Download: Emerging Trends in Real Estate® 2014

http://www.pwc.com/us/en/asset-management/real-estate/publications/emerging-trends-in-real-estate-2014.jhtml

Yelp’s old-is-new San Francisco headquarters

http://www.marketwatch.com/story/yelps-new-offices-are-something-to-shout-about-2013-11-29

Nov. 29, 2013, 9:38 a.m. EST

Yelp’s old-is-new San Francisco headquarters
Commentary: Historic high-rise was once home to Baby Bell PT&T

By Therese Poletti, MarketWatch

SAN FRANCISCO (MarketWatch) — Word in the bubbly start-up community is that Silicon Valley has effectively moved to San Francisco, and Yelp Inc. is the latest example.

After a recent visit to the new headquarters of Yelp, it’s easy to understand why so many tech-sector employees and employers prefer to be based here instead of in the blander valley to the south — even as San Francisco rents soar and observers bemoan a new dot-com bubble.

Mesa West tops $752M fund goal

http://www.rew-online.com/2013/11/27/mesa-west-tops-752m-fund-goal/

Mesa West tops $752M fund goal
By REW Staff
8:22 AM, NOVEMBER 27, 2013

Mesa West Capital has closed its Mesa West Real Estate Income Fund III, LP with $752 million in equity commitments, announced principal Ryan Krauch.

Global Economic Outlook - 2014 - Four Seasons of Leverage

Global Economic Outlook - 2014 - Four Seasons of Leverage

■ 1# Bumpy growth relay from emerging to advanced

For the first time post-crisis, we expect advanced economies in 2014 to see an increased contribution to global growth as emerging economies deleverage. Commodity markets will sit at the heart of this dynamic - our strategists look for range-bound markets in 2014.

Turkey: Capacity utilisation rate retraces from a two-year high in November

Turkey: Capacity utilisation rate retraces from a two-year high in November
Emre Tekmen - Market Economics | 26 Nov 2013

Seasonally adjusted capacity utilisation rate fell 0.8pp to 74.9% in November, paring back last month’s increase of similar amount. As a result, capacity utilisation rate is now back at its June-September average, down from a two-year high of 75.7% in October. The decline in the capacity utilisation rate was mainly driven by intermediate goods production, namely manufacture of chemicals and plastics. Capacity utilisation rate in non-metallic mineral production, a strong proxy for construction sector, declined 1.5pp and trimmed the 2.5pp increase in October. Among export-oriented sectors, manufacture of textiles and basic metals were broadly flat whereas capacity utilisation rate in automotive production fell for the third consecutive month.

PRESS RELEASE:San Francisco Office Market Continues Strong Performance

http://nreionline.com/nreiwire/press-releasesan-francisco-office-market-continues-strong-performance

PRESS RELEASE:San Francisco Office Market Continues Strong Performance
Megan Dolan
Nov. 25, 2013

SAN FRANCISCO — On behalf of a large pension fund advisor, Jones Lang LaSalle’s Capital Markets experts announced the $80 million sale of the Monadnock Building, a 204,625-square-foot office building located at 685 Market Street in the heart of San Francisco’s South Financial District, to Brookfield Office Properties.

High global investor confidence fuels plans to expand, particularly in 'safe havens'

http://www.colliers.com/en-us/insights/market-news/2014-property-investor-report

High global investor confidence fuels plans to expand, particularly in 'safe havens'

More than 500 global respondents reveal intentions, targets and strategies

Where will global property investors be buying in 2014? Surprisingly, despite recent economic uncertainty, investors are willing to look beyond political circumstances and invest in areas with strong property fundamentals. Overall, our new Global Investor Sentiment Survey finds optimism in the economic outlook for 2014, and with this increased confidence, many investors are planning to expand, especially in 'safe-haven' cities.

San Francisco Office Market Continues Strong Performance

http://www.joneslanglasalle.co.za/Pages/NewsItem.aspx?ItemID=29670

San Francisco Office Market Continues Strong Performance

JLL closes $80 million sale of landmark Monadnock Building in South Financial District

SAN FRANCISCO, Nov. 21, 2013 — On behalf of a large pension fund advisor, Jones Lang LaSalle’s Capital Markets experts announced today the $80 million sale of the Monadnock Building, a 204,625-square-foot office building located at 685 Market Street in the heart of San Francisco’s South Financial District, to Brookfield Office Properties.

Property Performance Monitor, Fourth Quarter 2013

http://www.rreef.com/research/research_6917.jsp

Property Performance Monitor, Fourth Quarter 2013

Quarterly Highlights:

■ The NCREIF Property Index (NPI) returned 2.5% during the fourth quarter 2013 and 11.0% for all of 2013. Fourth quarter 2013 returns were modestly lower than second and third quarters, and on par with first quarter returns.

■ Both the retail and industrial sectors outperformed in 2013. Cap rate compression and NOI growth together gave a boost to the appreciation returns for these sectors.

■ Energy and tech based MSAs continued to have higher returns and drove sector performance. Properties in Dallas, Houston, San Francisco (ex. industrial) and San Jose outperformed almost across the board. Properties in Washington in all four sectors were a drag on total returns. (see page 3 for more information)

Download [PDF]

http://www.rreef.com/research/research_6917.jsp

Advice, Italian Proverb

Flag
of Italy

After the ship has sunk, everyone knows how it might have been saved.

- Italian Proverb

MAIN STREETS ACROSS THE WORLD 2013-2014

http://www.cushmanwakefield.kr/en-gb/research-and-insight/2013/main-streets-across-the-world-2013/

MAIN STREETS ACROSS THE WORLD 2013-2014
Published Date : 13/11/2013
Martin Mahmuti

The following is a summary
Download the PDF

Cushman & Wakefield is at the centre of retail, providing value added real estate services to our clients globally. We monitor the evolution of the industry as well as global retail trends and practices to ensure our clients can best position their businesses to capitalise on future trends.

Logistics data shows where the real risks in moving oil reside

Logistics data shows where the real risks in moving oil reside

Based on virtually all metrics of safety, whether environmental, occupational or residential, movement of oil and gas is safest via pipeline, less safe via rail and still less safe via roadway

http://www.biv.com/article/20131112/BIV0108/311129867/-1/BIV0108/logistics-data-shows-where-the-real-risks-in-moving-oil-reside

By Kenneth Green
Tue Nov 12, 2013 12:01am PST

US housing: the price is becoming right (A. Markowska)

US housing: the price is becoming right (A. Markowska)

As housing goes, so goes the economy. Today, this is as true as ever. The Fed hit a pause button on tapering after mortgage rates rose sharply, and it awaits more evidence of sustained progress. While some housing indicators softened in recent months, we remain optimistic on demand. We explain why below.

Turkey: C/A deficit deteriorates further

Turkey: C/A deficit deteriorates further
Emre Tekmen - Market Economics | 13 Nov 2013 10:54

At USD 3.3bn, September's current account deficit was higher than the market’s expectations (USD 2.7bn) and our above-consensus forecast (USD 3.0bn). In addition, January-August current account deficit was revised up by a total of USD 1.4bn, mainly due to lower tourism revenues. As a result, 12-month cumulative c/a deficit reached USD 59.1bn in September, from USD 58.5bn in August. Non-energy current account deficit also widened by USD 0.8bn to USD 9.3bn, on a 12-month cumulative basis. Turkey was a net gold importer in September as well, contrary to last year, and 12-month cumulative net gold imports reached a record high of USD 7.3bn. At the same time, we also note that seasonally adjusted current account deficit excluding gold and energy has been widening gradually since the start of the year.

Advice, Mark, New Testament, Bible

Take care what you hear. The measure with which you measure will be measured out to you, and still more will be given to you. To the one who has, more will be given; from the one who has not, even what he has will be taken away.

- Gospel of Mark 4,24-25

http://www.usccb.org/bible/mark/4

Endeavor, Western Proverb

He that will thrive, must rise at five.

- Western Proverb

U.S. COMMERCIAL REAL ESTATE INDUSTRY

http://www.pwc.com/us/en/press-releases/2013/emerging-trends-in-real-estate-forecast-press-releases.jhtml

U.S. COMMERCIAL REAL ESTATE INDUSTRY REACHES INFLECTION POINT IN 2014 WITH INVESTORS RETURNING TO SECONDARY MARKETS, ACCORDING TO PwC US AND URBAN LAND INSTITUTE’S EMERGING TRENDS IN REAL ESTATE® FORECAST

San Francisco Once Again Top Ranked City for 2014;
Industrial Sector Becomes Investor Favored Property Type
Report Highlights Potential “Best Bets” for Investors in 2014

CHICAGO, November, 7 2013 – The U.S. real estate recovery is set to continue into 2014, with investors increasingly looking beyond some of the traditionally popular markets to secondary markets in search of higher yields, according to Emerging Trends in Real Estate® 2014, co-published by PwC US and the Urban Land Institute (ULI).

Europe’s evolving deal market proves difficult

Europe’s evolving deal market proves difficult
November 6 2013

Despite the availability of capital and numerous assets on the market, closing traditional hotel transactions in Europe is still a frustrating ordeal for investors, panelists said during The European Hotel Investment Conference.

By Patrick Mayock
Editor-in-Chief
patrick@hotelnewsnow.com

LONDON—Capital is flowing in Europe and banks have distressed assets at the ready, but the deal market is proving maddening for owners seeking traditional hotel acquisitions, according to a panel at the 25th European Hotel Investment Conference hosted by Deloitte.

“It’s really a question of product,” said Cody Bradshaw, senior VP of Starwood Capital Group, during a session titled “Silver bullets at the ready.”

http://www.hotelnewsnow.com/Article/12610/Europes-evolving-deal-market-proves-difficult

Opinion: B.C. leads in environmental standards for natural gas

Opinion: B.C. leads in environmental standards for natural gas

By Rich Coleman, Special to the Vancouver Sun

With recent events bringing attention to hydraulic fracturing, I think it is important for British Columbians to know the facts about natural gas operations in our province.

http://www.vancouversun.com/technology/Opinion+leads+environmental+standards+natural/9129600/story.html

Brookfield Asset Management In The News With Three Major Transactions Totalling $8.9 Billion

http://jewishbusinessnews.com/2013/11/03/brookfield-asset-management-in-the-news-with-three-major-transactions-totalling-8-9-billion/

Brookfield Asset Management In The News With Three Major Transactions Totalling $8.9 Billion

Brookfield Asset Management Inc. is a Canadian publicly listed asset management company. Brookfield manages a global portfolio valued at over US$180 billion, invested on behalf of institutional and corporate clients. The firm’s assets are concentrated in property, renewable power generation, infrastructure and private equity.

Tech Sector Continues to Drive San Francisco Office Market in Sharp Contrast to Rest of Tenant Base

http://www.studley.com/9c1d8ee7-9e58-4725-a007-cb0426a70d0b/our-firm-press-room-detail.htm

Tech Sector Continues to Drive San Francisco Office Market in Sharp Contrast to Rest of Tenant Base

San Francisco, CA (November 1, 2013) - The tech sector continues to drive the San Francisco office market, with the rapid expansion of local companies as well as an influx of Valley firms and others from outside the region contributing to the acceleration. Following a sluggish first half of 2013, tech companies resumed their aggressive pursuit of space in the third quarter, according to the San Francisco Studley Report, Studley’s analysis of office market conditions in the city. Overall leasing volume equaled three million square feet, significantly higher than the historical quarterly average of 1.9 million square feet.