Estes & Banks Launches Texas Commercial Property Tax Advisory Firm
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
External link. Real Estate Trail does not republish source content.
More from the wire
Mamdani Nominates Five Leaders in Business and Government to City Planning Commission
Mayor Zohran Mamdani has nominated five people to serve on the commission that approves major real estate projects in New York City. Kenneth Knuckles , Anthony Crowell , Margaret Anadu , Meenakshi Srinivasan and Julie…
Snowflake Spa to Open New Location at 619 Ninth Avenue in Hell’s Kitchen
It’s giving self-care vibes. Snowflake Spa , a massage therapy and wellness provider, is getting ready to open another location in Manhattan’s Hell’s Kitchen neighborhood at 619 Ninth Avenue . The tenant inked a 10-ye…
NetJets Opens New Las Vegas Facility
NetJets is opening its newly constructed facility in Las Vegas. The project is being developed in partnership with Signature Aviation. Las Vegas is among the top destinations sought out by NetJets Owners. Demand has c…
Kathleen Hill: See’s Candies is going into the Marketplace shopping center next to Whole Foods
Race Rock Spending $100M on Brookshire Expansion
Race Rock , a manufacturer and distributor of steel infrastructure products for the utility, highway, and energy markets, broke ground on a $100M expansion in Brookshire, Texas. The new manufacturing facility will pro…
Apollo, UDR Partner on $2B Multifamily Joint Venture
Multifamily real estate investment trust (REIT) UDR has partnered with alternative asset manager Apollo Global Management on a $2 billion multifamily joint venture, the firms announced Wednesday. Together, UDR and Apo…