This week, the MBA Newslink published the Urban Land Institute in Washington, D.C.,’s findings from a survey of real estate economists. Overall, the consensus is that the recession caused by the pandemic will be short-lived and we may see an above-average GDP growth in 2021-2022. Some good news! Overall, the ULI Semi-Annual Real Estate Economic […]
The UES team attended MBA CREF in San Diego this week. It’s always a great meeting, chocked full of quality education, networking with clients and making new connections. The MBA does a good job of delivering market trends, forecasts for the year ahead and information that we need to help guide our environmental consulting services.
A few things that stood out this year:
1. Most leaders agree that while we’ve heard a recession is coming, we are still in a good space in terms of growth and liquidity in the market. Lenders are making better credit choices and commercial real estate professionals are focusing on making good deals that can ride out hiccups or shifts should they arise. From listening in on one panel Monday morning, several market leaders believe we are still 18-24 months away from seeing a slow to growth and decreased liquidity. Globe St.Com has a deeper dive into this particular panel and their discussions.
2. Across the board, commercial real estate professionals are in agreement that international affairs, such as concern over the spread of the coronavirus, and the upcoming US election has the potential to impact Q4 of 2020 and the start of 2021. Speakers at MBA stated that their organizations are planning ahead for some volatility in Q4 and working to see how many deals they can close prior to November.
3. Multifamily continues to have it’s moment. And, the market is seeing a wide variety of lending players jumping in. Banks are more involved than in prior years in providing capital. CMBS is making a comeback and the ultra-wealthy are getting involved in the space through investment funds.
Lenders involved in the multifamily market in 2020
Stay tuned to the UES blog for a few more highlights from the last day!
It is the American Disabilities Act which pertains to all Commercial Real Estate transactions. The ADA defines disability as – “a physical or mental impairment that substantially limits a major life activity.” This Federal bill includes everything from how you can hire and fire to how you can enter a building.
Reading below is a good start to gain intel on some crucial accessibility problems to avoid.
The American Disabilities Act appoints retail businesses as “places of public accommodation” so developers must provide access for people with disabilities when constructing new facilities. Every space is unique and has its own set of problems but there are more common issues that will be discussed below.
Even with the pandemic and the grim economic landscape of 2020, the greater Kansas City metro area continues to plow ahead with growth and building as we head into 2021. The Kansas City Business Journal recently outlined several top projects in our area and gave us an update on progress. You can read more on […]
The UES team attended MBA CREF in San Diego this week. It’s always a great meeting, chocked full of quality education, networking with clients and making new connections. The MBA does a good job of delivering market trends, forecasts for the year ahead and information that we need to help guide our environmental consulting services. […]
What is an Adaptive Reuse Project? Adaptive reuse projects is the process of taking old buildings or sites, and reusing them for a purpose other than it was designed. When considering Adaptive reuse projects it’s important to understand if these investments make sense? Competition is increasing for developable land within certain asset classes, not to […]
RISE ROOFTOP CRAWL What is it?! Kansas City’s fifth annual rooftop crawl is an exciting and exclusive night to explore private rooftops all with unique eccentric themed parties benefitting nonprofit Big Brothers Big Sisters. When is it?! Aug 24, 6:00 pm Come to the Crossroads to celebrate an evening full of networking, food, drinks, live […]
Join us at CREW Kansas City’s 16th Annual Golf Classic for an unforgettable day full of golf, networking, and supporting a wonderful organization! WHEN: AUGUST 15, 2019 WHERE: CREEKMOOR GOLF COURSE TIME: 8:00 AM REGISTRATION, 9:00 AM SHOTGUN START MORE DETAILS CREW KC and Creekmoor Golf Course have joined together for a great annual event. […]
Commercial and Multifamily Originations rose to new levels in 2018 with a record amount of loans resulting in $573.9 billion loans. Learn how this happened, what factors such as growing property values, low interest rates, solid fundamentals, and strong appetites from lenders and borrowers led to this record. We break down the numbers and find out Commercial Bank portfolios led the capital source then GSEs, Government Sponsored Enterprises, Freddie Mac and Fannie Mae then Life Insurance Companies and pension funds, Commercial Mortgage-Backed Securities issuers, investment funds, REITs and mortgage REITS. Multifamily properties had the highest mortgage bankers’ origination volume followed by retail properties, industrial, health care, office buildings, and hotel/motel
Commercial Real Estate has never been in a better spot but you have to ask the question, what’s coming next? MBA Vice President of Commercial Real Estate Research Jamie Woodwell expressed his opinion for the sector at the MBA Commercial/Multifamily Servicing & Technology Conference. “We’re currently in the longest economic expansion ever,” Woodwell said. “There […]
So… what exactly is an Opportunity Zone? Opportunity Zones are economically-distressed communities where new investments, under specific conditions, might be eligible for preferential tax treatment. Districts are eligible to be Opportunity Zones if they have been submitted for that classification by the state and that submission has been certified by the Secretary of the U.S. […]
So, what is a Phase 1 Environmental Site Assessment? A Phase 1 Environmental Site Assessment, commonly called an ESA, or Phase 1 ESA, is an assessment done to research the historical and current uses of a property as part of a Commercial Real Estate transaction. Why do Commercial Real Estate transactions require a Phase 1 […]
