Welcome to Friday everyone! This week we found a REIT stock that plummeted fast, signs the Miami condo market may have peaked, states where the recession is very real , and a lot more. See 10 CRE news articles that give you a better all around view of the industry for more insights below:
1. Kyle Bass’ latest short target got raided by the FBI and the stock is tanking – Earlier this month, Bass launched a website that accuses the company of operating a “Ponzi-like real estate scheme.” Bass believes that it’s the unsuspecting “mom and pop” retail investors, who are seeking yield in the low-interest-rate environment, who get pitched to invest in nontraded REITS by financial advisers. (Business Insider)
2. Q&A with Camden Property Trust CEO Rico – With $1.1B of projects in the pipeline, Camden Property Trust is one of multifamily’s biggest developers. We talked with CEO Ric Campo about radical changes facing the industry, which markets are hot and which are out in 2016, and how his firm is handling the sliding economy in its HQ of Houston. (Bisnow)
3. Gensler Design Forecast 2016 – An exploration of factors that are likely to transform everyday life in ways that reshape its design and experience. (Gensler)
4. 5 telltale signs the Miami condo market has peaked – The murmurs of the Miami condo marketing softening have been floating around among some in the real estate broker community for many months. The average homeowner or prospective homeowner does not get (or believe) the message until it comes out in a market-damning front-page headline. (Market Watch)
5. Deal or No Deal: Can Airbnb and Multifamily Firms Work Together? – On Dec. 16, apartment industry patriarch and Equity Group Investments founder Sam Zell commented on Bloomberg that Airbnb had approached several of the nation’s largest apartment owners. An article coincidentally appearing in The Wall Street Journal the same day confirmed that AvalonBay Communities, Camden Property Trust, and Zell’s own Equity Residential were in discussions regarding a revenue-share model. (Multifamily Executive)
6. JLL reshuffles management, appoints Christian Ulbrich president – Ulbrich will take charge of managing the company’s regional operations across the world, and will seek to grow the firm through acquisitions, according to a news release. (The Real Deal)
7. The Reality Of The Commercial Real Estate Boom – In many ways, the trends we’re seeing today are the culmination of nearly two decades of generationally driven migration patterns. Although Boomer youth eschewed cities in favor of rural living, Millennials want to live and work in urban areas—a shift that is triggering a highly focused boomlet that has left most of the rest of CRE untouched. (Forbes)
8. The U.S. States Where Recession is Already a Reality – As economists size up the chances of the first nationwide slump since 2009, pockets of the country are already contracting. Four states — Alaska, North Dakota, West Virginia and Wyoming — are in a recession, and three others are at risk of prolonged declines, according to indexes of state economic performance tracked by Moody’s Analytics. (Bloomberg Business)
9. Commercial Real Estate Opportunities in the Emerging Cannabis Industry – Marijuana is the fastest-growing industry in the U.S., according to researchers at The ArcView Group, a cannabis industry investment and research firm, with legal sales said to have hit $5.4 billion in 2015. Currently, there is a gaping hole in commercial real estate for this sector that presents unique opportunities to the entrepreneur willing to bet on reform. (Commercial Property Executive)
10. The New Face in the Houston Industrial Sector – With the falling oil prices, many doomsday predictions are saying Houston’s economy is on the downturn. However, the industrial sector is still growing, with new transactions happening in the commercial real estate field on a surprisingly regular basis. (Gerber Realty)
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