Commercial Real Estate
First National Bank to Add 30 New Branches in Next 5 Years
Most of the planned branches will be based in North Carolina, South Carolina and the bank’s Mid-Atlantic Region spanning Maryland, Virginia and Washington, DC. Continue Reading First National Bank to Add 30 New Branches in Next 5 Years
CIP Real Estate Pays $66 Million for 3 Industrial Parks in Florida
The acquisitions bring the company’s total footprint in Florida to approximately 2 million square feet. Continue Reading CIP Real Estate Pays $66 Million for 3 Industrial Parks in Florida
ChatGPT Could Find a Place in Commercial Real Estate. In Some Ways, It Already Has.
Source: CoStar --- When Barbi Reuter, CEO and principal of Cushman & Wakefield | PICOR Commercial Real Estate Services in Tucson, Arizona, went to write an opening statement for an annual awards ceremony, she decided to open up the artificial intelligence chatbot...
Trends And Opportunities In The Evolving World Of Commercial Real Estate (CRE)
Source: Forbes --- In this article, I wish to explore the rapidly evolving world of commercial real estate (CRE) and point out current trends and opportunities occurring in this massive industry going forward. It includes a few surprises for some, and simple...
COMMERCIAL BORROWERS SEEK FLEXIBILITY AMID VOLATILE LENDING LANDSCAPE
Source: RE Business Online --- After eight interest rate hikes totaling 450 basis points over the last 10 months, courtesy of the Federal Reserve’s war on inflation, commercial borrowers can only hope that the fundamental law of gravity — “what goes up must come down”...
Equifax Adds More Monthly Payments to Consumer Credit Files
Equifax is now offering additional insight into consumer credit by including certain telecommunications (telco), pay TV and utilities attributes available to the mortgage industry. The company says this will help create greater home ownership opportunities for more...
Commercial real estate investors, lenders averse to buying – survey
Source: MPA Mag --- CBRE’s 2023 US Investor Intentions Survey released on Thursday reveals “subdued sentiment” among commercial real estate investors – with nearly 60% expected to purchase less real estate this year and just 15% planning to buy more. “Almost half of...
The “Art” of Negotiating a Commercial Real Estate Mortgage Loan Term Sheet
Source: JD Supra --- When a borrower is seeking real estate financing, there is invariably timing pressure to solidify a mortgage loan term sheet (on occasion, in the form of a loan commitment or loan application), so that the next steps in the loan process (lender’s...
Predicting the impact of inflation on commercial real estate
Source: MPA Mag --- Commercial real estate officials gathered this week to discuss the impact of inflation on development and construction amid a backdrop of inflation. “The big picture out there, certainly from a capital markets perspective, is difficult right now,”...
Commercial property not immune to interest rate pressure
Source: MPA Mag --- While the current property market downturn is expected to start to level out late in 2023, the commercial property market has not been spared the effects of rising interest rates, the latest Herron Todd White data shows. Releasing its Month In...
The 10 Step Process to Leasing a Commercial Space
Source: Entrepreneur --- If you are new to commercial leasing and will be leasing a commercial space for the first time, here's an overview of the commercial leasing process. 1. Find a location Determine the demographic you want to reach and find an area that caters...
Commercial Real Estate Tech Startup LOANtuitive Launches AI Assistant to Help Brokers Connect Find Alternative Capital Sources
LOANtuitive, a Seattle-based commercial real estate technology startup that provides commercial real estate mortgage brokers with tools to match loan requests with lenders, announced today its AI assistant, leveraging OpenAI's GPT-3. "Brokers and lenders can...
