OCTOBER 12, 2019

Top Stories

Alternative Properties

Medical Office Buildings Remain in Demand Among Investors

By Sebastian Obando, Staff Writer

There continues to be very strong investor appetite for medical office buildings (MOBs), according to several industry sources. Roughly $4.7 billion’s worth of medical office buildings traded in the first half of 2019, according to Mike Hargrave, principal at Revista, a medical research real estate firm.

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Finance & Investment

CRE Lenders Try to Hold On to Underwriting Discipline to Avoid Future Refi Risk

By Beth Mattson-Teig, Contributing Writer

The drop in interest rates has been great news for borrowers, with low cost of capital that is effectively giving them more buying power. Yet, for the most part, lenders are keeping borrowers in check on leverage and structuring deals with an eye on an easy exit at maturity.

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Finance & Investment

Seven Takeaways from the CRE CLO Conference 2019

By Sebastian Obando, Staff Writer

The second annual CRE CLO Conference, which took place in New York on Oct. 10, featured financing practitioners discussing the continuing evolution of the commercial real estate collateralized loan obligations space. Here are the main takeaways from the conference.

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Analysis

Retail

Is Bed Bath & Beyond Going Through Temporary Turbulence or More Serious Challenges?

By Liz Wolf, Contributing Writer

In its fiscal second quarter, Bed Bath & Beyond’s profits outperformed analyst estimates. However, the company failed to reach estimates for revenue and same-store sales. Bed Bath & Beyond was the only retailer in its category-killer sector to survive through the last recession, but many are beginning to wonder if it’s just experiencing temporary turmoil or facing significant problems.

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Industrial

Are Industrial Developers Heading Toward Overbuilding?

By Patricia Kirk, Contributing Writer

Industrial users are expected to absorb about half as much space quarterly over the next two years as they did in 2018 and 2019, when quarterly absorption averaged 60 million sq. ft., according to the semi-annual Industrial Space Demand Forecast from the National Association of Industrial and Office Properties (NAIOP).

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Alternative Properties

Casino Hotels Are Gaining in Popularity with CRE Investors

By Bendix Anderson, Contributing Writer

Casino REITs are succeeding despite strong competition in recent years, particularly in the Mid-Atlantic market, where revenue-hungry local officials have allowed many new casinos to open. Over the last 10 years, the gaming revenue in the Mid-Atlantic region has increase to $11.5 billion, from $8.4 billion in 2009, according to CBRE data. But the number of gaming hotels has also increased to about 50, up from 34 in 2009.

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Commentary

Multifamily

Rent Control and the Importance of a Free Market

By Donald B. Wilkerson, Contributing Columnist

The issue of rent control is a sensitive one. It’s hard to make a stand for the importance of a free market undefined by governmental intrusion without sounding like a greedy landlord. But there is a place in that market for fair accommodation of housing that’s reasonably priced for all concerned.

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NREI Wire

Google Expands Plans for its Massive Second Headquarters in San Jose

CNBC

The company's planned campus may be larger than previously expected.

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