Builders need to be prepared for uneven state, federal DBE rules
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
As the federal government has curtailed diversity enterprise initiatives, some states have pushed back. Contractors bidding on public jobs should know where they stand, write two lawyers.
External link. Real Estate Trail does not republish source content.
More from the wire
SENTRE Acquires Carlsbad Industrial Long-Term Leased to Glanbia Nutritionals
CBRE facilitated the $26.6-million sale and financing of 2840 Loker Ave. East, a 104,298-square-foot industrial property in Carlsbad. CBRE’s Hunter Rowe, Michael Longo, Barbara Perrier and Matt Carlson represented the…
Philippine conglomerate bolsters industrial park with college campus
Real REMAX Group closes merger, REAX begins trading Aug. 25
Combined platform cites 180,000 agents in 120 countries and territories, including 100,000 in the U.S. and Canada.
Newmark Arranges $277M Loan for Urby/Rockpoint JV on Jersey City Apartments
Newmark arranged a $277-million construction loan on behalf of a joint venture between Urby and Rockpoint, for 201 Hudson – by Urby, a 748-unit multifamily development planned on the Jersey City waterfront. Co-Head of…
Canyon Creek Acquires One Eleven Congress, Securing Landmark Class A Office Tower in Downtown Austin
Pennrose Cuts Ribbon Second Phase of Providence Mixed-Income Rentals
Pennrose, the 195 District, the City of Providence, Rhode Island Gov. Dan McKee, Mayor Brett Smiley, and project partners held the grand opening of Tandem, the second and final phase of the transformation of a 195 Dis…