Multifamily, Projections Lead Top Stories for January
Keep up to date with the latest news from GlobeSt.com's National AM Alert. Sign Up Today! Also: mark your calendar for October 21-22 and be part of the action at CCIM THRIVE, a dynamic event and collaboration between GlobeSt.com and CCIM.
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.
To provide our audience with the most relevant stories to the commercial real estate market, GlobeSt.com compiles weekly and monthly metrics based on site traffic for our national, regional and local pages. Sign up for breaking news updates, twice-daily National news alerts and daily regional and weekly sector coverage sent to your inbox.
Mark your calendar for October 15-16 and be part of the action at RealShare APARTMENTS the premier multifamily event of the year.
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.