multi family – Papa Byrd http://papabyrd.com/ Sat, 26 Mar 2022 20:04:39 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://papabyrd.com/wp-content/uploads/2021/10/icon-120x120.jpg multi family – Papa Byrd http://papabyrd.com/ 32 32 UCLA: post-pandemic outlook is optimistic for California commercial real estate https://papabyrd.com/ucla-post-pandemic-outlook-is-optimistic-for-california-commercial-real-estate/ Thu, 10 Feb 2022 08:00:00 +0000 https://papabyrd.com/ucla-post-pandemic-outlook-is-optimistic-for-california-commercial-real-estate/ February 10, 2022 The recovery from the pandemic recession has been positive for California commercial real estate, with solid industrial and multi-family housing and retail experiencing “new demand that hasn’t been experienced in years.” It was the word Wednesday of the semester Allen Matkins / UCLA Anderson forecast based on surveys of California real estate […]]]>

February 10, 2022

The recovery from the pandemic recession has been positive for California commercial real estate, with solid industrial and multi-family housing and retail experiencing “new demand that hasn’t been experienced in years.”

It was the word Wednesday of the semester Allen Matkins / UCLA Anderson forecast based on surveys of California real estate professionals.

“Unlike other recessions, the most recent was not characterized by a decline in purchases of goods and a slowdown in housing markets,” according to the forecast. “The reverse has actually happened, and this has led to continued growth in multi-family housing development and industrial space construction, while lingering pessimism for retail and office construction has subsided. is reversed.”

The most surprising part of the forecast was the renewed optimism for commercial properties despite the growth in e-commerce.

Forecasters cited three factors: a return to the office in downtown areas, new housing construction across California, and the reconfiguration of retail establishments to a more open-air post-COVID design.

But e-commerce continues to drive demand for industrial space across the state, with the survey finding the highest level of optimism since 2015.

“It is clear that the construction of new industrial spaces still has years before reaching its zenith,” according to the forecast.

Commercial real estate professionals were also optimistic about the future of office space, noting that many businesses are redesigning their properties to support hybrid working models.

San Diego was considered the best market for office space in the aftermath of the pandemic due to its industrial mix.

“San Diego’s booming technology and life sciences sectors have contributed to a rebound in demand for office space,” according to the forecast.

As prices for single-family homes have soared during the pandemic, forecasts have revealed that multi-family dwellings are rising again because young workers are expected to return to urban cores.

“Four-five percent of Bay Area and Southern California developers on our panels plan to launch multiple developments over the next 12 months,” according to the forecast. “Demand is expected to exceed supply through 2024.”

The Allen Matkins/UCLA Anderson Forecast surveys a panel of California real estate professionals to research their expectations over a three-year period. The biannual survey was started by Allen Matkins and the UCLA Anderson Forecast in 2006.


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Bullish Outlook Expected Across Commercial Real Estate Sectors, Says Allen Matkins/UCLA Anderson Forecast California CRE Survey https://papabyrd.com/bullish-outlook-expected-across-commercial-real-estate-sectors-says-allen-matkins-ucla-anderson-forecast-california-cre-survey/ Wed, 09 Feb 2022 08:00:00 +0000 https://papabyrd.com/bullish-outlook-expected-across-commercial-real-estate-sectors-says-allen-matkins-ucla-anderson-forecast-california-cre-survey/ A rosy outlook for all California commercial real estate sectors, according to new Allen Matkins/UCLA Anderson Forecast survey Tweet that The Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Winter 2022 Study, infographics and related content are available for download at February 9, 2022at 2:00 a.m. PST. A need for office redevelopment after the pandemic […]]]>

The Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Winter 2022 Study, infographics and related content are available for download at February 9, 2022at 2:00 a.m. PST.

A need for office redevelopment after the pandemic signals new market optimism

As the pandemic has progressed over the past two years, uncertainty about the future of office space has diminished. Companies have understood the value of having a team in the office in order to establish a culture, retain loyalty, induce creativity and mentor young employees. This return to the office will come with new flexibility, allowing employees to work in the office part-time, and will require changing the layout of office spaces to accommodate the post-pandemic work environment. This means that there will be a need for new office development to remodel existing offices, build satellite offices to limit employee travel, and create new mixed-use office complexes. The latest survey confirms that, overall, our developer panels are seeing and preparing for a turnaround in office markets. Office development as well as rental and occupancy rates are expected to improve in all markets with the sole exception Sacramento market, a market heavily dependent on the demand for space by the state government.

Industrial optimism continues to grow, reaching its highest level in years

Driven by the rise of e-commerce, industrial space markets continue to perform best in Californiaas shown by almost all of our recent surveys (the May 2020 the survey was the exception). In the latest survey, general optimism about industrial space over the next three years has reached the highest level for a winter survey since 2015. This surge is driven by a forecast of significant increases in demand exceeding forecast and projected supply over the next three years, and stems from the current surge in demand which has pushed vacancy rates to surprisingly low levels. Los Angeles and Inland Empire vacancy rates are now below 2.0%, and Sacramento and the East Bay area are now between 3.0% and 4.5%. Regardless of the actual result over three years, it is clear that the construction of new industrial spaces still has years to go before reaching its zenith.

Optimism in the multi-family market is back in force after the drop in demand linked to the pandemic

Despite increased demand for suburban single-family detached homes, continued work-from-home culture and falling rental rates, our multi-family panels are more optimistic for the next three years than they have been at any time. since 2016. This is largely due to the expected return of young workers to the heart of the city, as vaccines have brought city amenities back online and downtown offices plan to welcome workers. Fully 45% Bay Area and Southern California our panel developers plan to release multiple developments in the next 12 months, and an additional 23% in Southern California and 14% in the Bay Area are planning just one new project. For the eight markets studied, demand is expected to exceed supply through 2024.

Retail’s prolonged pessimism is finally turning into optimism

Over the past four surveys, pessimism about retail occupancy and rental rates three years from now has diminished. In the latest survey, pessimism turned to optimism in four of the markets surveyed, all of which have low unemployment rates. In these markets, a growth in income generates a growth in consumption and, therefore, an increased demand for the retail trade. There are three forces at work to create this optimism. First, a limited return to the office has increased retail demand in the heart of each city. Second, the construction of new housing across the state has created demand for new retail businesses near that housing and will continue to generate that demand. Third, our panelists expect demand for retail establishments to reconfigure to a more open-air post-COVID concept in order to attract consumers to stores.

About the survey
The Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey and Index surveys a panel of California real estate professionals from the development and investment markets on various aspects of the commercial real estate market. The survey is designed to capture the budding business of commercial real estate developers. To achieve this objective, the panel examines the markets in three years and the construction conditions over the three-year period. The survey was initiated by Allen Matkins and the UCLA Anderson Forecast in 2006, in pursuit of their interest in improving the quality of current commercial real estate information and forecasts.

About Allen Matkins
Allen Matkins, founded in 1977, is a Californialaw firm based with over 200 lawyers in four major metropolitan areas of California: Los Angeles, Orange County, San Diego and San Francisco. The company’s areas of focus include real estate, construction, land use, and environmental and natural resources; corporate and securities finance, real estate and commercial, bankruptcy, restructurings and creditors’ rights, joint ventures and taxation; labor and employment; and trials, litigation, risk management and alternative dispute resolution in all of these areas. Allen Matkins can be found on the web at www.allenmatkins.com.

About UCLA Anderson Forecast
UCLA Anderson Forecast is one of the most watched and often cited economic outlook for California and the nation and was the only one to predict both the severity of the downturn of the early 1990s California and the strength of the state’s rebound since 1993. The Forecast has been credited as the first major US economic forecasting group to call the 2001 recession and, in March 2020, he was the first to declare that the recession caused by the COVID-19 pandemic had already begun. Check out the UCLA Anderson predictions at uclaforecast.com.

About UCLA Anderson School of Management
UCLA Anderson School of Management is one of the world’s leading business schools, with faculty members recognized globally for their teaching excellence and research in advancing managerial thought. Situated in Los Angelesgateway to the growing economies of Latin America and Asia and a city that personifies innovation across a wide range of activities, the UCLA Anderson MBA, the Full Employee MBA, the Executive MBA, the UCLA-NUS Executive MBA, the Master of Financial Engineering, Master of Science in Business Analytics, Doctoral and Executive Education programs epitomize the school. Think about the next philosophy. Each year, some 1,800 students are trained to become global leaders in pursuit of tomorrow’s business models and community solutions.
anderson.ucla.edu

Follow us @uclaanderson

Media contacts:

Rebecca Trounson (310) 825-1348
[email protected]
UCLA Anderson School of Management

Paul Feinberg (310) 794-1215
[email protected]
UCLA Anderson School of Management

Gary PiqueAPR (415) 585-2100
[email protected]
Allen Matkins Media Relations

SOURCE UCLA Anderson Forecast

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TIAA Bank Announces Record Year for Commercial Real Estate Loan Originations https://papabyrd.com/tiaa-bank-announces-record-year-for-commercial-real-estate-loan-originations/ Fri, 04 Feb 2022 08:00:00 +0000 https://papabyrd.com/tiaa-bank-announces-record-year-for-commercial-real-estate-loan-originations/ Many of the nationwide loan approvals have focused on the multi-family, industrial, self-storage and retail sectors. Tweet that “The market continues to be incredibly competitive with a wide range of financing options which continues to lead to spread compression between asset classes, particularly in multi-family and industrial properties. In this competitive market, we are proud […]]]>

“The market continues to be incredibly competitive with a wide range of financing options which continues to lead to spread compression between asset classes, particularly in multi-family and industrial properties. In this competitive market, we are proud to have achieved a record year for total volume productivity in 2021, especially as we experience the continued ripple effects of the pandemic,” said Ellen Comeaux, Senior Vice President and Head of Commercial Division of TIAA Bank. “As we adjust to this new normal and anticipate rising interest rates over the coming year, we are committed to remaining nimble to better meet the financing needs of our customers.”

Overview of bespoke 2021 deal solutions

Of transactions in 2021, multifamily accounted for 42%, self-storage 16%, retail 13% and industrial 10%.

The majority of customers sought to secure historically low rates with long-term fixed rate financing, although other customers took advantage of TIAA Bank’s flexible rate structures, such as reset and hybrid rate.

Tailor-made solutions for clients included:

  • A $21 million cash refinancing with 66% loan-to-value (LTV) financing for a multi-family project in Cincinnati.
  • A $7.5 million acquisition of a medical practice with 61% LTV in Phoenix.
  • A $10 millioncash-out refinancing with 60% LTV financing for an industrial building in Houston.
  • A $75 million senior loan participation in a housing portfolio of 27 students with 19 universities nationwide.

2022 Growth Planning

As TIAA Bank plans to continue its CRE growth, they have expanded their origination team by adding three additional CRE account managers to their team:

  • Lauren Ervin be used for Florida. She started her CRE career in 2008 and has worked at TIAA Bank (formerly EverBank) for 10 years. In her role as assistant sales representative. in 2021, Lauren was part of deal teams that contributed to more than $770 million in financed volume.
  • Misty Reading will serve the Northeast. She has 15 years of experience in CRE lending with over $1.3 billion in financed volume.
  • Joey Viecel be used for Northern California. He started his career in commercial finance in 2017 after joining TIAA Bank (formerly EverBank). In his role as Associate Sales Representative. over the past three years, Joey has been part of deal teams that have contributed more than $500 million in financed volume.

“I’m thrilled to welcome Lauren, Misty and Joey to our original team,” Comeaux said. “Across the country, our team has done a great job during such an uncertain time, working tirelessly for our clients, driving incredible results for our business, and showing how we are a financing provider of choice for a wide range of real estate markets. attendees. Our new team members will help us continue our growth in 2022.”

TIAA Bank’s CRE business specializes in financing single-tenant, multi-tenant and multi-family commercial properties nationwide while bringing a deep level of industry expertise, reliable and prompt service and rates and competitive conditions with each transaction concluded.

About TIAA Bank

TIAA Bank, a division of TIAA, FSB, provides comprehensive nationwide banking services to consumer, commercial and institutional customers through a variety of channels, including online and mobile applications, and Floridafinancial centers based.

SOURCE TIAA Bank

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RRA Capital Reaches $1 Billion Milestone in Commercial Real Estate Lending https://papabyrd.com/rra-capital-reaches-1-billion-milestone-in-commercial-real-estate-lending/ Thu, 20 Jan 2022 08:00:00 +0000 https://papabyrd.com/rra-capital-reaches-1-billion-milestone-in-commercial-real-estate-lending/ RRA Capital today announced that it has surpassed $1 billion in commercial real estate bridge loans since inception. Tweet that The RRA has a significant track record of lending through good and bad economic cycles, and even increasing lending during the pandemic. RRA believes that reaching this milestone is an indication that bridge lending as […]]]>

The RRA has a significant track record of lending through good and bad economic cycles, and even increasing lending during the pandemic. RRA believes that reaching this milestone is an indication that bridge lending as an investment strategy is an essential aspect of commercial real estate capital markets.

“To go past $1 billion means much more than just the number of loans closed,” said Boots Dunlap, co-founder and CEO of RRA. “It’s a measure of the depth and strength of our phenomenal regular borrowers, as well as the expertise and confidence of our brokers. Above all, it is the professionalism and hard work of the entire RRA team. This success belongs to all of them.”

For more information, please visit www.rracapital.com.

About RRA Capital:
RRA Capital is a private bridge lender and direct commercial real estate investment company. Operating nationwide, RRA finances value-added commercial and multi-family real estate nationwide with flexible, medium-term bridge loans customized to meet the sponsor’s needs. RRA directors have more than $10 billion investment experience in value-added and distressed CREs for numerous global financial institutions, and across multiple markets, products and cycles. RRA has created and managed over $1 billion in CRE bridge loans since their creation with no loss of principal to date. You will find more information and financing conditions at www.rracapital.com.

For more information:
Hallie White
Marketing Director
[email protected]

SOURCERRA Capital

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Mayo to Present Potential Renovation Plans to City’s Business Design Review Committee | Local news https://papabyrd.com/mayo-to-present-potential-renovation-plans-to-citys-business-design-review-committee-local-news/ Tue, 11 Jan 2022 18:30:00 +0000 https://papabyrd.com/mayo-to-present-potential-renovation-plans-to-citys-business-design-review-committee-local-news/ The Mayo Clinic health system in La Crosse is considering an expansion and renovation of its hospital, with the first development plans due to be reviewed this week. According to the City of La Crosse website, the Commercial / Multi-Family Design Review Committee is expected to review plans Friday morning for development on the Mayo […]]]>

The Mayo Clinic health system in La Crosse is considering an expansion and renovation of its hospital, with the first development plans due to be reviewed this week.

According to the City of La Crosse website, the Commercial / Multi-Family Design Review Committee is expected to review plans Friday morning for development on the Mayo Campus, 800 West Ave.

The Tribune contacted Mayo on Tuesday morning and was told the hospital was “in the planning stages for a potential hospital bed tower replacement.”

According to Mayo’s commercial design standard application, the hospital plans to construct a six-story building plus a basement in addition to the Center for Advanced Medicine and Surgery (CAMS) building. The addition would be approximately 290,000 square feet and would include medical / surgical beds, intensive care beds, a newborn / mom unit, diagnostic imaging, procedural endoscopy units, a rooftop helistop and Moreover.

The proposed renovation would not expand services or add more beds, but is designed to “modernize the inpatient environment” with single rooms and closer proximity to CAMS operating rooms.

People also read …

Per Mayo’s request, construction is proposed to begin in March 2022. However, Mayo’s management has not finalized a decision on the potential expansion, a hospital representative said, and is requesting a review of. zoning and approval of the Town of La Crosse plan for the start. construction, if all internal approvals are obtained.

The request for zoning review and project plan approval, Mayo says, does not guarantee that the project will go ahead. However, if approved, “the modernized hospital building would be a significant addition to the La Crosse community and the Washburn neighborhood,” according to Dr. Paul Mueller, regional vice president, Mayo Clinic Health System Southwest Wisconsin. .

The project, adds Mueller, is “part of a larger revitalization plan for the La Crosse campus that will include updated facilities, more green space and greater connectivity with our neighbors.”

Mayo will publicly share the development plans for the project upon completion of the hospital’s internal review and approval process.

Emily Pyrek can be reached at emily.pyrek@lee.net.

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Celina Hires Company To Create Multifamily And Commercial Design Standards | News https://papabyrd.com/celina-hires-company-to-create-multifamily-and-commercial-design-standards-news/ Wed, 15 Dec 2021 22:19:00 +0000 https://papabyrd.com/celina-hires-company-to-create-multifamily-and-commercial-design-standards-news/ Celina seeks to create design standards for multifamily and commercial development. Celina City Council on Tuesday approved a deal worth more than $ 50,000 that will allow the city to work with planning and design consultant Kimley Horn to create commercial and multi-family design standards. The deal comes as Celina contemplates the next multi-family and […]]]>


Celina seeks to create design standards for multifamily and commercial development.

Celina City Council on Tuesday approved a deal worth more than $ 50,000 that will allow the city to work with planning and design consultant Kimley Horn to create commercial and multi-family design standards.

The deal comes as Celina contemplates the next multi-family and commercial development, director of development services Dusty McAfee told board members.

“More than a dozen new multi-family projects are being revised or under construction over the past two years,” McAfee said. “Business development is also starting to emerge.

In June, the town of Celina raised its eyebrows when it announced that it was ahead of its neighbors …

McAfee said the city’s comprehensive plan requires staff to monitor development standards for improvement. In addition, the City’s 2022 budget includes appropriations for the review of design standards for multi-family and commercial projects.

The city has modern design standards that include landscaping, architecture, signage, parking and other elements typical of new developments, McAfee said.

“The proposed project ‘dives deep’ into commercial and multi-family projects to bolster and customize design standards for new developments to focus on amenities, open spaces and the creation of places. “

Under the proposed contract, the guidelines would only address multi-family and commercial development and would not include specific standards for mixed-use vertical products, townhouses, or small single-family lots. The guidelines would also be expected to reflect the current city neighborhood vision guidelines and strategic plan.

Celina exceeds Frisco's benchmark for issuance of residence permits in the last cycle

Celina’s numbers appear to be accelerating.

The standards developed should address certain points, including open space requirements, filtering and buffering requirements, and identification of potential developments.

McAfee said Kimley Horn helped write the city’s Neighborhood Vision Book, which focused on new residential development and was approved in 2020.

McAfee said the proposed design standards would improve on existing standards governing new developments.

Celina City Council unanimously approved the deal.


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20 essential terms for investing in commercial real estate | Entertainment News https://papabyrd.com/20-essential-terms-for-investing-in-commercial-real-estate-entertainment-news/ Fri, 03 Dec 2021 08:00:00 +0000 https://papabyrd.com/20-essential-terms-for-investing-in-commercial-real-estate-entertainment-news/ If you’re looking for a way to build a solid financial foundation and passive income streams, most experts will tell you that a long-term asset allocation strategy is essential. There are many different avenues of investment you can take to build wealth or just add stability to your finances, but pouring all your available money […]]]>


If you’re looking for a way to build a solid financial foundation and passive income streams, most experts will tell you that a long-term asset allocation strategy is essential. There are many different avenues of investment you can take to build wealth or just add stability to your finances, but pouring all your available money into the tumultuous stock market or cryptocurrency could be a risky proposition. . After all, it’s not uncommon for these markets to dive on occasion, and when they do, they take your money with them.

That said, not all investments are so volatile. Certain types of investments, such as commercial real estate, can bring stability to one’s portfolio while offering significant upside potential if the investment plan is executed the right way. In fact, the long-term returns from commercial real estate investments can outweigh and often outweigh other types of investments.

In 2021, the 25-year average return on business investment was around 10.3% per year, according to a report of the National Council of Real Estate Trustees. This is about 0.7% more than the 25-year average annual return of 9.6% of the S&P 500 Index. Low-volatility asset classes like these offer investments that are less likely to fall. change quickly, especially for the worse.

There are a plethora of different commercial real estate opportunities to choose from, making it easy to diversify a portfolio. Office buildings, multi-family rental buildings, retail space, mixed-use buildings, and industrial properties are all commercial real estate investment options. Plus, there are a variety of ways to get started with commercial real estate investing – and not all of them depend on an investor spending the money and energy to buy and manage commercial real estate. Real estate investors can certainly buy and manage their own properties, but they also have the option of helping directly fund the projects of other investors or participating in crowdfunding opportunities. This can help further mitigate the risk of buying and managing commercial real estate investments and provides an easy return on investment when the property is performing as intended.

Before you dive head first into the world of commercial real estate investing, however, it’s important to understand the key terms that come with it. To help you get started, EquityMultiple has compiled a list of 20 important terms that a commercial real estate investor, new or experienced, should know.


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Expect a total of $149 billion in commercial real estate securitization volume, KBRA says https://papabyrd.com/expect-a-total-of-149-billion-in-commercial-real-estate-securitization-volume-kbra-says/ Mon, 29 Nov 2021 08:00:00 +0000 https://papabyrd.com/expect-a-total-of-149-billion-in-commercial-real-estate-securitization-volume-kbra-says/ The commercial property securitization market is expected to exceed 2021 production levels as rising employment rates in particular help support a more positive economic outlook, according to ratings agency Kroll Bond. Private label commercial real estate (CRE) securitizations could reach $149 billion, more than double the 2020 volume of $62.2 billion. Next year, KBRA projects […]]]>

The commercial property securitization market is expected to exceed 2021 production levels as rising employment rates in particular help support a more positive economic outlook, according to ratings agency Kroll Bond.

Private label commercial real estate (CRE) securitizations could reach $149 billion, more than double the 2020 volume of $62.2 billion. Next year, KBRA projects year-end volume between $150 billion and $165 billion.

The ratings agency’s Nov. 23 forecast, 2022 Sector Outlook –CMBS: Full Steam Ahead, is particularly positive given that the commercial real estate transaction output market of 2021 outpaced that of 2020. commercial mortgages, particularly conduits and single borrowers/large loans, are expected to end this year with $105 billion in issuance, a level not seen in 14 years, according to the report.

Conduit issuance could increase significantly, although the increase will be on a fairly small basis, the agency said. The average loan-to-value ratio of KBRA (KLTV) has risen to 98.2% year-to-date from 95% in 2020, the agency said. The KBRA Interest Only Index stands at 75.8% so far in 2021, surpassing the 70% threshold. KBRA sees potential for increased leverage in the future.

Obligations secured by commercial real estate loans (CLOs) are expected to have a record year this year and exceed annual conduit volume for the first time. For 2022, KBRA forecasts a repeat performance of continued growth that will outpace conduits, according to the report.

Despite the positive expectations regarding the production of transactions, KBRA had several caveats, particularly regarding the real estate sub-sectors. Office CMBS offerings could weaken in 2022 and beyond, due to “hybrid working” or people who may work primarily from home, which could continue to dampen demand for office space.

Additionally, hotels and non-essential commercial properties are trending lower, with retail sales down 15.4% year-to-date in 2021 from 17.5% in 2019 and 24, 4% in 2018, KBRA said. Accommodation over the same period fell from 10.3% to 3.6%.

Several real estate sub-sectors should do well this year. KBRA expects healthy volumes for industrial and multi-family. They are expected to remain the main types of assets financed primarily by floating rate debt, according to the report.

Multi-family CRE CLO exposure, which has increased to 60% this year from 50% in previous years, is expected to remain high. Ninety-three percent of households paid partial or full rent in October, KBRA said.

In the industrial segment, demand for space exceeded new supply. E-commerce and third-party demand for logistics space has increased due to the popularity of online sales these days. KBRA expects the industrial market to do well as supply chain and transportation delays during the pandemic have created an increase in business inventories. Construction is unlikely to keep up with demand, KBRA said, leading to lower vacancy rates and higher rents.

Commercial real estate securities (CREs) rated by KBRA have mostly retained their AAA and A category classes (97%), but the agency has downgraded 585 ratings out of 116 transactions since the start of the pandemic in October, which hit 11% of CRE ratings before the pandemic hit in March 2020.

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2022 forecast and political impact on the commercial real estate sector in New York https://papabyrd.com/2022-forecast-and-political-impact-on-the-commercial-real-estate-sector-in-new-york/ Mon, 15 Nov 2021 21:19:57 +0000 https://papabyrd.com/2022-forecast-and-political-impact-on-the-commercial-real-estate-sector-in-new-york/ Our commitment to safety We have experienced the enthusiasm of returning to live events in person this year, having safely and successfully hosted over 15,000 executives to date. While we are delighted to come together to propel growth within CRE, COVID-19 remains a global concern and Bisnow is committed to applying safe protocols at our […]]]>


Our commitment to safety

We have experienced the enthusiasm of returning to live events in person this year, having safely and successfully hosted over 15,000 executives to date. While we are delighted to come together to propel growth within CRE, COVID-19 remains a global concern and Bisnow is committed to applying safe protocols at our events. You can expect the following:

  • Proof of vaccination or a negative Covid test result from the past 72 hours will be required as a condition of entry to this event. Proof of vaccination or negative test results may be presented via a physical card or digital image of your records.
  • In accordance with the recent tenure of the Governor of New York, masks will be mandatory for all unvaccinated participants – regardless of negative proof of the PCR test. We strongly encourage all vaccinated participants to also wear masks. Masks will be made available at the door.
  • In accordance with CDC guidelines, we recommend that all participants wear a mask, regardless of their immunization status. Masks will be made available at the door.
  • Temperature checks will be carried out at the entrance.
  • Participation in the event will be capped and no tickets will be sold at the door.
  • Contact tracing procedures will be used for any reported exposure.
  • Social distancing seats will be available in the main event space.
  • Improved disinfection protocols will be adhered to throughout the event space, including regular disinfection of surfaces throughout the event and hand sanitizer provided to all participants.

As regulations and local guidance evolve, the CRE industry continues to lead the way. We look forward to safely coming together to do what we do best – network, connect, and engage to do more business. We hope to welcome you soon.

Why is this important

What you will learn:

  • What will be the impact of the new mayor of New York on the relationship between landlords / developers and local government?
  • Given the changing political climate, how keen will investors and developers be to deploy capital and buy new developments?
  • What kinds of new investment strategies could companies now consider with Eric Adams as the new mayor of New York?
  • How does the commercial real estate sector favor the return of tenant activity? With a continued focus on flight quality, what impact does this have on Class B vessels?
  • What differentiators are driving the gap between Class A and Class B offices and what impact does this have on the office market?
  • What are developers, local organizations, and government doing to increase affordable multi-family housing options? How can developers be encouraged to work with the city to increase supply?

How you will do more business:

Improve your business by understanding how New York City Real Estate approaches a year of growth potential. Understand how the raised capital will be used under New York City’s new mayors regime and how this affects the multi-family park as well as class a and class b offices.

Who participates :

Investors, owners, developers, lenders, office tenants, brokers, public sector companies, architects, contractors, engineers, property managers and you!

Why attend:

Bisnow events bring together the biggest players in the industry to identify opportunities, build your network and grow your business. With the largest audience of commercial real estate professionals in the world, no one knows how to help your business better than we do.

For any questions, recommendations, comments, or press inquiries, please email our New York event producer Chris Picher at chris.picher@bisnow.com.


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Commercial real estate finance company experiences explosive growth https://papabyrd.com/commercial-real-estate-finance-company-experiences-explosive-growth/ Sun, 07 Nov 2021 07:00:00 +0000 https://papabyrd.com/commercial-real-estate-finance-company-experiences-explosive-growth/ The motley fool Walker & Dunlop is a small but impressive finance company that has been around since the 1930s and provides all kinds of finance for commercial real estate. One of the largest commercial real estate lenders in the country, it issues commercial mortgages with a specific concentration in multi-family properties (including apartment buildings […]]]>


The motley fool

Walker & Dunlop is a small but impressive finance company that has been around since the 1930s and provides all kinds of finance for commercial real estate. One of the largest commercial real estate lenders in the country, it issues commercial mortgages with a specific concentration in multi-family properties (including apartment buildings and military and student housing). It is also the eighth largest commercial mortgage service in the United States, with a service portfolio of $ 107.2 billion at the end of 2020.

Walker & Dunlop has experienced explosive growth since its IPO in 2010. Over the past decade, its shares have climbed over 900%, with average annual growth of over 26%. In its latest annual report, it posted 29% year-over-year growth in trading volume, 33% revenue growth and a 41% increase in diluted earnings per share. The company has doubled its turnover in the past five years and is looking to double it again in the next five years.

Investors can expect continued growth over the long term, as well as dividend income, with the company’s payout having recently returned 1.55%. (The Motley Fool owns stock and recommends Walker & Dunlop.)

Ask the fool

From TW in Muskegon, Michigan: What is a company’s “market capitalization”?

The madman replies: The term is the abbreviation for market capitalization, which reflects the total value of the company in the stock market. It is calculated by multiplying the total number of shares outstanding by the current share price.

Consider Apple, for example, which was recently trading at around $ 150 a share. To find out the total of its outstanding shares, you can consult its latest financial statement. Or check out websites like Yahoo! Finances that include the outstanding shares among the statistics of the company they offer. Multiply the recent number of Apple stocks of $ 16.5 billion by $ 150 and you will arrive at its recent market cap – around $ 2.5 trillion. This number can give you an idea of ​​whether the company is overvalued or undervalued, whether you compare it to past levels or to its peers.

From FE to Abilene: If I had invested $ 1 in the stock market after the crash of 1929, what would I have today?

The madman replies: The crash of 1929 unfolded over several months and continued beyond 1929. The Dow Jones Industrial Average peaked in early September 1929 at 381. It first fell in October, falling 12.8% on October 28, then by 11.7% on October 29. , when it closed at 230. It recovered slightly but continued its long descent, dropping to 41 in July 1932. At this point it was down about 89% from its high. It took 25 years, from 1929 to 1954, for the Dow Jones to again reach its previous high of 381.

With the Dow Jones recently around 35,800, it has risen 86,800% from that low of 41, which is enough to turn your $ 1 into $ 869, at an average annual growth rate of around 7.9%. . And that doesn’t even include dividends!

School of fools

It is not news that general managers are generally well paid. How highly paid? Well, according to the Economic Policy Institute, “In 2020, a CEO of one of the 350 largest companies in the United States was paid $ 24.2 million on average” – that’s a huge increase of 18 , 9% compared to the level of the previous year, largely due to stock awards and stock options.

To put it in perspective, it helps to compare the salary of CEOs to that of their employees. According to the EPI, the CEO-to-typical worker pay ratio was 61: 1 in 1989, jumped to 307: 1 in 2019, then increased by 14% to reach 351: 1 in 2020. Between 1978 and 2020, CEO compensation (including stock awards and options) jumped 1,322%, while typical workers saw their pay rise only 18%.

Those who earn a disproportionate salary, and those who pay it, will say that you have to pay for good performance. But there are studies showing that many companies pay for underperformance. The research agency MSCI, for example, studied CEO compensation and company performance for 429 companies in the MSCI USA index over the 10 years between 2006 and 2015; it found that “the bottom fifth of companies by stock incentive award outperformed the top fifth by almost 39% on average over a 10-year cumulative basis.”

Why are so many CEOs collecting so much cash and stocks when they don’t deliver particularly strong corporate performance? Well, corporate boards set CEO compensation, and CEOs are often in the room – and even on compensation committees! – when they do. CEOs can also influence who gets appointed to the board, and as Warren Buffett joked, “When looking for directors, CEOs aren’t looking for pit bulls. It is the cocker spaniel that is brought home.

Shareholders have their say: they can express their dissatisfaction by voting against the proposed compensation for the CEO. (These votes are currently non-binding in the United States, although that may change.)

My dumbest investment

From MA, online: My dumbest investment? I sold Shopify for $ 80 due to pricing issues.

The madman replies: There are different schools of thought in the investing world, and your actions make perfect sense for one of them – value investors – looking to buy into companies for less than their fair price. value. Value investors may become uncomfortable owning stocks when they appear to be highly valued, as it suggests that they may soon lose value.

The opposing school of thought is that of growth investors, who focus less on a stock’s valuation than on its growth prospects. Growth investors are often willing to pay higher prices for high performing companies, expecting them to meet – and exceed – these values ​​over time.

So while a value investor might never invest in a fast growing stock like Shopify, a growth investor would, perhaps pointing out that companies like Amazon.com and Apple often seemed overvalued and then hit new highs on several occasions.

Shopify’s stock has grown by over 3,400% over the past five years, enough to turn a $ 10,000 investment into over $ 350,000. The ecommerce software specialist recently had a total market value of $ 183 billion, with many expecting it to be worth much more than that in the future. Others, however, wonder if the stock has gained ground.

Who am I?

My roots go back to 1873 when a used book business was opened in Wheaton, Illinois. In 1932, I opened a retail store on Fifth Avenue in New York City, which in 1974 was named “the world’s largest bookstore” by Guinness World. Recordings. I bought B. Dalton Bookseller in 1987, Doubleday Book Shops in 1990, and Borders and Waldenbooks in 2011. I launched my NOOK e-readers in 2009, and my NOOK store has over 4.5 million digital books. I’m the world’s largest retail bookseller, recently with 632 stores in 50 states. Who am I?

Can’t remember last week’s trivia question? Find it here.

Trivia response from last week: Levi Strauss & Co.


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