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:
Apartment Investment Interest Remains Strong, By Les Shaver, Multifamily Executive
Key Excerpt:
“In 2015, the multifamily market saw one of its best acquisition years ever, with $152 billion in deal volume. 2016 was on a similar pace through the end of November, according to New York–based commercial real estate research firm Real Capital Analytics (RCA).”
Atlanta Dairies Lands Department Store, Café, By Phil Hudson, Atlanta Business Chronicle
Key Excerpt:
“Paces Properties Inc.’s redevelopment of the old Atlanta Dairies cooperative will feature a Collier’s Department Store and a café from THRIVE Farmers. Paces is the developer behind Krog Street Market in Inman Park.”
Colliers Continues to Roll Up Affiliates, Move Toward Goal of Doubling In Size by 2020, By Randyl Drummer, CoStar
Key Excerpt:
“A key component of the plan was to “roll up” Colliers affiliate and franchise offices in the U.S. and around the world. Colliers began ramping up the acquisitions in 2015 when it bought its Atlanta affiliate. It also acquired a number of independent shops, including NAI Norris, Beggs & Simpson in Portland, Summit Realty Group in Indianapolis, Gateway Commercial in St. Louis and CASE Commercial in Dallas.”
Amazon Expands Into Transportation with Air Cargo, By Erik Dolan-Del Vecchio, Bisnow
Key Excerpt:
“Amazon’s expansion into transportation is one of the firm’s most important maneuvers—it promises to help attract new customers and make good on fast shipping promises while keeping costs in check. Amazon’s jets fly to at least 10 airports around the country and help supply nearby warehouses, and almost all of them are flying nearly full, Reuters reports.”
Debt Markets Thwart New Starts, By Les Shaver, Multifamily Executive
Key Excerpt:
“While debt funds from private equity can fill in the gap for some developers, their cost of capital will rise precipitously. ‘Private lenders have always been in the space, but now they’re moving to become relevant,’ says John Gray, head of investments at Lennar’s LMC. ‘If you’re a smaller developer and you can’t get a construction loan, you’re willing to pay higher fees and a higher spread to get something done.’”