How will a real estate lending slowdown affect marketplace lenders? By Gary Bechtel, NREIOnline.com
“In commercial real estate, reports show that the decline is even sharper. According to Real Capital Analytics, U.S. commercial property purchases were down 10 percent in 2016 from the previous year, and the trend seems to be continuing into 2017. U.S. investors purchased $50.3 billion in commercial property in January and February of 2017, compared to $80.1 billion during the same timeframe in 2016.”
Top challenge for industrial investors is finding assets to buy, By Patricia Kirk, NREIOnline.com
“Sales of industrial properties grew by 3.0 percent in the first quarter of 2017 compared to the same period a year ago, to $13.9 billion, according to New York City-based research firm Real Capital Analytics (RCA). That set industrial apart from the other commercial property sectors, where sales have been flat or slowing down, RCA researchers noted in their report. Investment sales involving single industrial assets reached a record deal volume in the first quarter, at $9.6 billion—a 15 percent increase over the first quarter of 2016.”
The coliving trend: Sharing an apartment with strangers, Multifamily Executive
“As rents climb across American cities, young professionals are faced with a problem—they want the amenities of an apartment building and a short commute but are having trouble affording a one-bedroom unit. Larger, two- and three-bedroom apartments are often designed for families, which can make one possible solution—sharing the unit with friends, or even strangers—awkward. That’s where some developers are coming up with a new idea for apartment sharing.”
BeltLine officials seek more afforadale housing along Eastside Trail, Memorial Drive, By Douglas Sams, Atlanta Business Chronicle
“‘The primary goal of the development will be multifamily affordable housing, with 40 percent of units or more designated as affordable workforce homes,’ according to Atlanta BeltLine Inc. Atlanta officials have tried to balance all the new investment and development along the Beltline with the need to maintain an adequate stock of affordable housing. ‘Memorial Drive in the Reynoldstown and Cabbagetown neighborhoods in Atlanta [are] undergoing a transf ormation,” BeltLine officials say in the RFP.’”
Jackson Healthcare’s $100 million Atlanta expansion kicks off, By Evelina Croitoru, Commercial Property Executive
“Jackson Healthcare, a leading healthcare staffing company, broke ground on a $100 million expansion for its corporate headquarters in Alpharetta, Ga. Upon completion, the asset will accommodate 1,400 new associates and feature state-of-the-art amenities. The company’s project will expand the property at 2655 Northwinds Parkway into an Italian Renaissance campus.”