Multifamily, Projections Lead Top Stories for January
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Which markets will experience an apartment glut in 2014? That was the question leading the top National story for January on GlobeSt.com, according to page views: “Oversupply Not an Option In These Markets.” The story, citing research from Jones Lang LaSalle, finds 14 cities that would not be affected by oversupply, and predicts the regions most likely to experience growth in the upcoming year.
“Besides construction levels, it’s all about job growth and household growth—those are the two critical demand factors that will determine how metros will perform through the current development cycle,” says Jubeen Vaghefi in the piece. Vaghefi is the international director and leader of JLL’s Multifamily Capital Markets group.
Corporate consolidation was the next topic of interest: “Merger of W. P. Carey, CPA 16 Global Advances.” W. P. Carey, with a market capitalization of over $10 billion, will merge with Corporate Property Associates:16 – Global Incorporated, the non-traded, publicly held REIT. Besides detailing the terms of the transaction in full, the article also discusses the merger announced the previous week between Tricorp Hearn Construction and American Colonial Capital.
Politics dominated the next two stories, as we look at the Bipartisan Budget Act of 2013 (“Washington's New Approach to Real Estate”), and get analysis of the President’s State of the Union address (“CRE’s Take on the State of the Union”). An in-depth look at the multifamily sector (“Faint Signs of Softness Appear in MF”) filled out the fifth spot.
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