The Second-Tier Market Challenge-- Slim Pickings
Money finally seeps back into secondary and tertiary markets now that prized properties in the 24-hour gateways seem over-priced, except that is to foreign buyers looking to park cash in the U.S. and not willing to entertain investments in unfamiliar places.
LOS ANGELES—Even without the boost of e-commerce, industrial is being propelled by tailwinds into the current year, Colliers’ James Breeze writes in the firm’s latest report on the sector.
IRVINE, CA—Impact fees can run developers upwards of $50,000 per lot in California, a fact that many home buyers don’t know, Developers Research principal Scot Oldham tells GlobeSt.com after he and his wife purchased the company.
SAN DIEGO—There’s about a 75% chance that Fannie Mae and Freddie Mac will emerge from this state of oversight before the end of President Trump’s current term in office, speakers tell attendees at MBA’s CREF/Multifamily Housing Convention & Expo 2017.
SCOTTSDALE, AZ—"The market will adjust" to the CMBS risk retention rule, but B-grade transactions will get greater scrutiny, CommLoan's Mitch Ginsberg tells GlobeSt.com.