Kim Gatley Sr. Vice President & Director of Research NAI REOC Austin (bio) Got a Commercial Real Estate Need or Question? Ask One of Our Trusted Advisors
C-III Capital Partners LLC (C-III) announced today that it has completed its previously announced acquisition of NAI Global, the largest and premier network of independent commercial real estate firms worldwide.
C-III is led by CEO Andrew L. Farkas, who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS). …Read Entire Post
Let’s say you own a C corporation that needs to raise some cash and you’re considering the sale of a warehouse that has been depreciated to zero. But the company still uses the warehouse and doesn’t want to lose control of it.
Think about entering into a sale-lease transaction. You buy the warehouse personally and then lease it back to the company.
Live Oak-Gottesman LLC purchased The Shops at Ladera Bend (7300 RM 2222) in Northwest Austin from Wells Fargo on Friday for an undisclosed amount.
Live Oak-Gottesman plans to lease and manage the property. Retail spaces ranging from around 1,050 square feet to 13,000 square feet are available for lease. Current tenants include Collins Endodontics and Anytime Fitness.
Industrial real estate may not grab headlines, but the sector has recovered slowly throughout 2011 and insiders expect the trend to continue in 2012 and beyond. Industrial’s recovery is uneven, however, with larger distribution markets experiencing strong growth while outlying markets have higher vacancy rates and are drawing less interest.
Large institutional owners will remain active in primary markets – the East and West Coasts, Texas and Chicago– while value-add investors and private equity firms may dip into second-tier markets.
When it comes to leasing, as on the investment side, activity has been strongest in core markets.
While residential property markets remain troubled, commercial real estate markets have already entered an up cycle and are poised for “slow, steady improvement” over the next five to seven years, says a new white paper from Forward Management, LLC (“Forward”).
Titled Inflection Point: The Start of a New Cycle in Real Estate?, the paper posits that the recovery will play out in uneven waves acrossU.S. and international markets. Knowledge-based “gateway” cities and technology corridors are already recovering as job growth fuels demand across commercial property sectors. As vacancies drop and rents rise in those areas, demand will likely spill over into suburban job centers and secondary markets, the paper suggests.
According to Market Watch, Trepp, LLC, the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets, reported that the delinquency rate for U.S. commercial real estate loans in CMBS rose in December.
With a forecasted $1.7 trillion dollars of CRE debt coming due in the next 5 years, now may be an excellent time to buy commercial properties because over-levered landlords will be forced to re-marginalize their loans and over-levered properties will be put up for sale or foreclosed.
The U.S. Chamber of Commerce has released its “Enterprising States 2011″ report, and it enhances Texas’ reputation for being a business-friendly state. The Lone Star State ranked sixth on the list of top ten states for low business taxes and regulations. The report said “the Lone Star State is a low-tax state that offers a low cost of living and has an enterprise-friendly climate that’s paying off with high job growth rates. Recent state initiatives include a business tax reform that raises the revenue exemption.”
Despite the economy, investors are bullish on the prospects for office buildings, the largest commercial real estate sector, a survey finds.
As 2011 came to a close, some commercial real estate experts found promising signs in often troubled markets. The office market is gaining interest from investors amid a mixed bag of property-related economic fundamentals such as improvement in employment and business expansions, a recent survey showed. Commercial real estate continues to offer attractive yields compared with alternative investment vehicles, said respondents to a quarterly poll by consulting firm PricewaterhouseCoopers.
Over $150 million changed hands in the Austin area over the past year for ranches, buildings and lots, according to public record.
The Austin Business Journal recently released a list of the top 15 commercial deeds recorded in the Austin area. Three of those deeds were in Travis County. The biggest deal was a $31 million purchase of over 5,000 acres in Hays County.
•No. 1: Needmore Ranch II Ltd. bought 5,041 acres in Hays County from New Blanco River Ranch for $31.5 million. …Read Entire Post
Austin has moved up a few spots on a list of top U.S. cities favored by foreign real estate investors, according to a survey released Tuesday by the Association of Foreign Investors in Real Estate.
The Capital City moved into the No. 8 spot up from No. 11 last year. Houston ranked seventh and Dallas snagged the No. 13 spot after not placing on the list since 1995.