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Commercial Real Estate Archives

Commercial real estate market looking good in 2017

A growing economy has lead to greater consumer confidence and higher levels of spending from consumers in Missouri and throughout America. Business spending and confidence are also high. In the last quarter, the economy expanded by 3 percent, and the belief is that it can continue to expand into the end of 2017. This was according to the chief economist of the National Association of Realtors.

How to handle issues relating to due diligence

When a Missouri buyer is interested in purchasing real estate, due diligence must generally be done first. Buyers are typically interested checking out the structural integrity of a property, whether or not it is zoned properly or if there are environmental issues to worry about. While sellers understand that buyers want to do their homework before a deal closes, there may be some tension as to how long to provide for such research.

Smart building technologies may help CRE developers

Commercial real estate developers and property owners may do well to learn about how the internet of things may help them to gain a competitive advantage with their properties. Smart building technologies may allow Missouri developers and owners to differentiate their spaces, making them more attractive to potential tenants and buyers as compared to other buildings.

What survey says about investor sentiment

According to a NREI/Marcus & Millichap Investor Sentiment Survey, commercial real estate investors in Missouri and around the country are less enthusiastic about that sector compared to 2014. While they still believe that commercial real estate is still worth investing in, they are worried about long-term returns. There are several factors that have led to the softening in investor sentiment such as uncertainty about President Trump.

Summer has been strong for commercial real estate

Missouri businesses that are considering purchasing or leasing commercial property might think that August is a slow period for these types of transactions. The first half of August this year has been different than in previous years. Sales and leases from coast to coast have been stronger than in previous years as well as in earlier quarters of this year.

Fed survey finds loan standards increasing

A Federal Reserve survey released on July 31 found that banks were tightening standards related to commercial lending. This may impact Missouri investors looking to buy multifamily properties or those who are looking to buy or develop land. However, business loan terms were largely unchanged in the past quarter. The Fed has placed a greater emphasis on commercial lending in its recent bank stress tests.

Federal banking agencies proposed higher CRE appraisal threshold

Federal banking regulations currently require financial institutions in Missouri and around the country to obtain certified appraisals when commercial real estate loans are secured by properties worth $250,000 or more, but a rule change proposed on July 19 by the federal banking agencies would raise this threshold to $400,000. The change was proposed after banking regulations were reviewed in early 2017 and suggestions about possible regulatory relief had been considered. The current threshold has not been increased since being introduced in 1994.

Selling commercial real estate properties

Missouri commercial property owners who are wanting to offer their properties for sale should do several things before they do so to help to facilitate the transactions. By taking these steps, the property owners may increase their likelihoods of selling their properties for prices that provide them with the type of profits that they are seeking.

Job growth spurs Colorado CRE market in second quarter

The commercial real estate market in Colorado performed well during the second quarter of 2017 thanks to robust job growth in the state according to a leading figure from the CBRE Group. The real estate information company, which released a market assessment on July 10, say that commercial tenants in Denver have now leased more space than they relinquished in 29 consecutive quarters. Vacancy rates remain extremely low in the Denver area, and experts feel that this is a situation that will likely persist for some time.

CRE delinquency rates up by 28 basis points in June

Much has been written about a looming wall of commercial mortgage-backed securities that will either have to be refinanced or paid off in 2017. About $2.4 billion in CMBS issued in 2006 and 2007 were classed as delinquent in June, and experts believe that this could have caused delinquency rates in Missouri and around the country to soar to 5.75 percent. The 28 basis point surge is the biggest increase in five years according to a real estate information and consultancy firm. The delinquency rate stood at 4.6 percent in June 2016.

Our condo association was faced with monumental construction issues thanks to the original developer of our complex. We were cash poor and in no position to get legal representation without a contingency fee arrangement. Luckily for us, Scott Long and Burke Robinson were willing to take us on as clients. Their work ethic, professionalism and knowledge of condominium construction served our association very well. Any association would be well served in hiring these gentlemen to represent them.

Board of Directors - Plaza Gardens on the Lake Condominium Owners’ Association Lake of the Ozarks, MO

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