Public Pension Funds Return to Real Estate With All-Time High Commitments
Public pension funds allocated a record $41 billion to real estate last year, based on Nasdaq data that shows a move past predictions of a pandemic-induced demise for property investment. The 59% increase last year from the prior 12 months came after a slow start,...
Commercial, Multifamily Lending Hits Yearly Record With $1 Trillion in Sight
Commercial and multifamily mortgage loan originations hit a record high last year at $900 billion and may not be done climbing, according to the Mortgage Bankers Association’s quarterly survey released this week. Even while the capital markets are widely anticipating...
California Lawmakers Take Step To Extend Media Production Tax Credits
California’s film and TV tax credit program is a step closer to being extended five years beyond its scheduled expiration after a key legislative committee passed a measure deemed crucial to keeping Los Angeles and other regions competitive for production business...
CoStar Predicts: Nontraditional Retail Tenants Drive Up Rents
Retail landlords with tenants such as restaurants, gyms and grocery stores will be more likely to secure even bigger premiums when it comes to rent increases next year, according to a CoStar analysis. Nontraditional retail tenants, be it those that offer experiences...
Warehouses Are Running Out of Space. Developers Can’t Build Fast Enough.
US Projected To Need More Than 1 Billion Square Feet of Industrial Buildings To Keep Up With Demand Logistics real estate developers have stepped on the gas this year, ramping up construction to record levels as the accelerated growth of e-commerce during the pandemic...
Canadian Developer’s Shopping Spree Around LA Grows With Another Retail Property Purchase
Onni Group Expands Holdings With Acquisition in Long Beach, California After investing in a massive shopping center in Burbank, California, a Canadian developer has scooped up more retail space in Long Beach, Los Angeles County's second-largest city. Onni Group, based...