Commercial Real Estate News and Trends: CREI Weekly Update Sept 15th, 2021
The Commercial Real Estate Investor Weekly Update (or the CREI Weekly Update if you’re not up for a mouthful) is the first commercial real estate news show bringing you the biggest news stories and market trends from around the country. Each week, we cover the Nashville market, which markets should be on your watchlist, office / retail / industrial / and multifamily updates, and a wildcard on a topic or trend we feel is worth sharing.
Tune in Mondays at 5:30pm CST to ask your questions live!
Articles Mentioned:
NASHVILLE MARKET
https://www.tennessean.com/story/money/real-estate/2021/08/14/market-spotlight-lebanon-features-history-huge-fair-and-hot-track/5562242001/
https://www.nashvillepost.com/business/health_care/covid-19-update-tennessee-outbreaks-among-worlds-worst/article_bf01acba-0cb0-11ec-b291-3ff625146132.html
https://www.nashvillepost.com/business/development/mixed-use-building-to-interact-with-downtown-alleys/article_23eda83e-0b69-11ec-99da-1762ed388139.html
MARKET WATCH
https://knowledge.uli.org/-/media/files/emerging-trends/2021/emerging-trends-in-real-estate-united-states-and-canada-2021---final.pdf?rev=aca3ce34701146b1b581c35fbef8da6c&hash=284FD6C4372CAA119505CE9701021E4A
https://www.seattletimes.com/business/real-estate/seattles-housing-market-is-cooling-but-that-doesnt-mean-its-affordable-see-whats-happening-near-you/
https://webcache.googleusercontent.com/search?q=cache:https://www.globest.com/2021/08/16/the-mogharebi-group-expands-to-seattle/
FUTURE OF CRE
https://www.cnbc.com/2021/08/12/lumber-executive-says-drop-in-prices-has-reignited-demand-for-building-projects.html
https://www.bisnow.com/national/news/multifamily/eviction-crisis-happening-now-no-cdc-moratorium-110072
https://webcache.googleusercontent.com/search?q=cache:https://www.globest.com/2021/09/07/survey-shows-more-interest-in-moving-apartments-up-to-8m-lease-signings-expected-in-next-six-months/
PE DEAL DIVE
https://webcache.googleusercontent.com/search?q=cache:https://www.globest.com/2021/09/07/columbia-property-trust-to-be-taken-private-by-pimco-in-3-9b-deal/
PROPTECH
https://www.constructiondive.com/news/autonomous-technologies-can-help-alleviate-the-labor-shortage/573956/
READING REITS
https://seekingalpha.com/article/4450875-mall-reits-fears-of-double-dip
WILDCARD
https://www.reuters.com/business/finance/el-salvador-leads-world-into-cryptocurrency-bitcoin-legal-tender-2021-09-07/


Two real term sheets on the same $400,000 building, read line by line. The local bank quotes 7.00 percent and the credit union quotes 7.75, and the cheaper rate costs $19,022 more cash at closing for 19 basis points of return. The reveal is that neither lender honors its stated loan to value: both fail their own coverage test and resize the loan down, which is the thing that surprises first-time buyers two weeks before closing. Closes with the exact package to send a lender before they ask for it.