Commercial Real Estate News Wrap Up: April 19, 2016
The CRE market in Milwaukee is holding strong in the first quarter. The Milwaukee Business News reported that office, retail, and industrial sector absorption numbers were boosted by several large products that recently came to market and vacancy rates remaining steady overall.
Bisnow interviewed Walker & Dunlop VP Mark Grace about the multifamily market in Orange County. When asked about his outlook he said that the future of MF is “bright with fundamentals, but feeling pressure from pricing; good volume and intensity on the investment sales side. It’s been a very busy year, and there seems to have a lot of momentum behind it.”
Fitch affirmed the United States’ AAA rating recently despite the fact that America’s deficit will increase this year. Charles Seville, senior director at Fitch Ratings and head of North American Sovereign Ratings said one of the reasons is that U.S. debt “is everyone else’s preferred reserve asset.” He said that the stalemate in Congress over resolving fiscal issues could pose a problem in the future. He also commented on the Presidential candidates seeing fault in the financial plans on both sides of the aisle.
8+1 (That’s 9) Things You Need To Know
- U.S. needs much more affordable senior housing
- CMBS conundrum: Making sense of the market
- Commercial real estate hits the pause button
- Why downtown Atlanta attracts Millennials
- Pop up stores may fizzle as economy improves
- 11 new retail concepts expanding in the U.S.
- What key trends drive the CRE market today?
- Look west for the future heart of the U.S. economy
- DFW office continues strong march to 2017