Each Wednesday, The Wrap presents a compilation of recent noteworthy commercial real estate stories from a variety of publications. Below are links to five stories that caught our eyes in recent days:
Commercial Lending Markets Strengthen in U.S., By Michael Gerrity, World Property Journal
Key Excerpt:
Banks continued to dominate non-agency commercial lending markets in Q2 2016, accounting for approximately 49 percent of non-agency lending volume and increasing from 31 percent in Q1 2016. Life companies were the second most active major lending group during Q2 2016, accounting for 20 percent of lending volume, which is consistent with levels recorded since the end of 2015.
August’s CMBS Loan Delinquency Rate Declines By Highest Amount Since February, By Champaign Williams, Bisnow
Key Excerpt:
“Delinquency rates for US commercial real estate loans dropped eight basis points since July and are now at 4.68%—that’s 77 basis points lower than the year-ago level.”
Foreign Investors Still Love U.S. Commercial Real Estate, By Dan Rafter, REJournals.com
Key Excerpt:
“While it’s the large, high-profile investments that garner the most press, the majority of acquisitions that foreign investors make are of smaller assets that these buyers purchase through funds and domestic intermediaries. These acquisitions don’t generate headlines, but they are providing a solid boost to the country’s commercial real estate market.”
CRE Price Growth Holding Steady Amid Robust Deal Activity, Healthy Fundamentals, By Randyl Drummer, CoStar
Key Excerpt:
“The CoStar Commercial Repeat-Sale Indices (CCRSI) began the second half of 2016 on a strong note as a combination of healthy market fundamentals, low interest rates and steady availability of capital continued to fuel CRE price growth during July.”
Data Center Properties Create a Powerful Pull, By Diana Bell, NREIOnline.com
Key Excerpt:
“According to research firm the CoStar Group, in the first two quarters of 2016, investment in data center properties totaled approximately $634.6 million and encompassed 4.4 million sq. ft. of space, compared to $494.6 million in investments sales closed in the first two quarters of 2015 encompassing 5.7 million sq. ft. of space. It appears data center property prices have gone up.”