In Race to Recover Peak Commercial Real Estate Values, Boston on Top, Followed by Manhattan

World Property Channel

In Race to Recover Peak Commercial Real Estate Values, Boston on Top, Followed by Manhattan
Posted by Hortense Leon 11/20/12 11:00 AM EST

Commercial real estate prices in Manhattan over the 12 months ending September 30th were up 16.3%, according to Moody's/RCA Commercial Property Price Indices (CPPI). What this means is that New York has joined the exclusive club of major metropolitan areas with the greatest price gains in that period, Boston being the only other market in that category.

Turnaround Continues for CMBS Market in 2013, But Fiscal Cliff Bears Watching

World Property Channel

Turnaround Continues for CMBS Market in 2013, But Fiscal Cliff Bears Watching
Posted by Hortense Leon 12/19/12 8:59 AM EST

The commercial real estate market, and the U.S. CMBS market in particular, are likely to see steady improvement in the New Year, says Huxley Somerville, head of US CMBS at Fitch Ratings in New York. "A slow increase in volume is preferable; we would not like to see a 50% increase over 2012," he says. "A 15% to 20% increase would be much better. Otherwise, competition would lead to the erosion of underwriting standards."

CBD Office Buildings Outperforms Other Commercial Sectors in the U.S.

World Property Channel
EDITION MAIN PAGE | North America Commercial News

CBD Office Buildings Outperforms Other Commercial Sectors in the U.S.
Posted by Hortense Leon 12/13/12 10:40 AM EST

CBD office real estate prices in the US continue to out-shine other core commercial sectors, including suburban office, industrial and retail, according to Moody's/RCA Commercial Property Price Indices (CPPI) report for October, which includes data from August, September and October 2012 (the latest data available for the CPPI). This reflects strong institutional demand even as there was a 1.0% decline in core commercial overall as measured by the CPPI.

U.S. Commercial, Multi-family Mortgage Debt Outstanding Increases for Fourth Consecutive Quarter

World Property Channel

U.S. Commercial, Multi-family Mortgage Debt Outstanding Increases for Fourth Consecutive Quarter
Posted by David Barley 12/11/12 1:10 PM EST

According to the Mortgage Bankers Association (MBA), the level of commercial/multifamily mortgage debt outstanding increased by $6.6 billion, or 0.3 percent, in the third quarter of 2012, as three of the four major investor groups increased their holdings.

U.S. Commercial, Multifamily Mortgage Delinquency Rates Dip in 3Q

World Property Channel

U.S. Commercial, Multifamily Mortgage Delinquency Rates Dip in 3Q
Posted by David Barley 12/07/12 8:00 AM EST

According to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report, delinquency rates decreased for commercial and multifamily mortgage loans in the third quarter.

New $15 Billion Hudson Yards Project Breaks Ground on Manhattan's West Side

World Property Channel

New $15 Billion Hudson Yards Project Breaks Ground on Manhattan's West Side
Posted by Hortense Leon 12/06/12 8:15 AM EST

A city within a city was launched on Tuesday of this week, when ground was broken for the first building in the approximately $15 billion mixed-use Hudson Yards development on the west side of Manhattan.

U.S. Multi-Family Sector's Vacancy Rates Expected to Rise in 2013

World Property Channel

U.S. Multi-Family Sector's Vacancy Rates Expected to Rise in 2013
Posted by Hortense Leon 12/05/12 8:18 PM EST

Although the U.S. multi-housing vacancy rate is expected to go up in 2013, it will remain near the historic average.

Many U.S. Office Markets to Improve in 2013, Accelerating in 2014

World Property Channel

Many U.S. Office Markets to Improve in 2013, Accelerating in 2014
Posted by Hortense Leon 11/27/12 8:00 AM EST

The office vacancy rate will continue to decline in 2013 and more so in 2014, according to the CBRE Group. The rate will fall to 14.9% next year and 13.8% in 2014, according to the commercial real estate brokerage firm.

U.S. Commercial Property Sector Enjoying Rising Rents as Vacancies Slowly Decline, Says NAR

U.S. Commercial Property Sector Enjoying Rising Rents as Vacancies Slowly Decline, Says NAR
Posted by Michael Gerrity 11/26/12 11:33 AM EST

According to the National Association of Realtors (NAR) quarterly commercial real estate forecast, most of the major commercial real estate sectors show gradually improving fundamentals and are easily absorbing the relatively small amount of new space that is coming online, with a full recovery already in the multifamily market.

CMBS Issuance Expected to Increase by 50% in 2013

World Property Channel

CMBS Issuance Expected to Increase by 50% in 2013
Posted by Hortense Leon 11/26/12 10:08 AM EST

While there are a number of challenges that will face the US economy in 2013, good news is forecast for the CMBS market in the new year. According to a November 21th report issued by Deutsche Bank, the non-agency issuance volume of CMBS will increase by 50% to approximately $60 billion. That would be the highest total volume of CMBS issuance since the financial meltdown.