News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Randyl Drummer / August 21, 2013
Vacancies, Rental Rates Have Reached A Tipping Point In Most Markets, Complicating Investors’ Search for Great Deals
The tightening competition among apartment investors will yield both winners and losers during this next supply-driven phase in the multifamily market. The winning developers will likely be those that offer products that are new and different, capturing renters who have an expanding menu of housing options and amenities.
“We’re past the point at which simply picking a market that will lead to a successful strategy,” said Luis Mejia, CoStar GroupRead More
Randyl Drummer / CoStar / August 14, 2013
CoStar Midyear Analysis: Investors Cherry-Pick Deals In Markets With Strongest Fundamentals and Growth Prospects Retail Square Footage per Capita Decreases for First Time in Many Decades
The “happy rainbow” of year-over-over demand growth for U.S. retail space continued to spread across the country at midyear, with shopping center landlords just now beginning to capitalize on accelerating population, employment and housing trends, almost no new retail property construction, and consumers returning to shop in stores once more.
Overall demand for shopping spaceRead More
Mark Heschmeyer / CoStar / August 7, 2013
Although Cost of Borrowing May Go Up, Investor Risks Appear Low
Analysts believe it is becoming more and more likely that commercial real estate loans coming due in the next few years will face a higher rate environment. However, the strengthening economy is expected to offfset near-term investor risk.
Two notable commercial real estate developers and investors support the assessment that property fundamentals are catching up to the valuations created by strong capital flows into the property markets.
Owen D. Thomas, CEO of Boston Properties, said, “If interest rates go up it’sRead More
John Caulfield / MULTIFAMILY EXECUTIVE / August 1, 2013
Coming out of the recession, Raleigh-Durham, N.C., seemed to be one of those can’t-miss real estate markets. Its economy and demographics were exactly what builders, developers, and investors coveted in terms of potential growth. And competitive conditions seemed ripe for the picking.
So the gold rush began, and aggressive construction of multifamily apartments followed. Maybe a bit too aggressive, say some industry watchers, who uniformly identify Raleigh-Durham among the handful of go-go markets whose building activity might be getting ahead of demand.
No one is ready to utterRead More
Matt Ogden, managing principal, Building Industry Partners / PROSALES / July 23, 2013
Making sense of the recent flurry of building-products public offerings
In the past two months, three familiar building products names—Ply Gem, HD Supply and Stock Building Supply—have all filed for or completed initial public offerings (IPOs), their first sale of equity shares to the general public in exchange for capital.
We tend to think of IPOs as a stage reserved only for select private companies that have posted years of stellar growth or financial performance; the major league debut of sorts for minor league phenoms. We also associate IPOs with an exit or liquidity event;Read More