Secondary markets

Positive and Negative Changes in Debt and Equity Capital Flows

Jim Costello / September 21st, 2017

Unrelated but material changes in the composition of both debt and equity capital flows are evident in an analysis of H1’17 data. On a positive note, an increase in CMBS originations evidences that...

US Prices Rise 0.9% in June, RCA CPPI Report Shows

Elizabeth Szep / August 1st, 2017

U.S. commercial real estate prices rose in June, continuing their climb to new highs, the latest RCA CPPI summary report shows. The US National All-Property Composite index rose 0.9%...

Los Angeles Overtakes Manhattan as Largest US Investment Market

Jim Costello / July 20th, 2017

Los Angeles pushed aside Manhattan to become the largest commercial real estate investment market in the first half of 2017 as capital migrated from higher-priced markets...

Which Sellers of Apartment Assets Are Getting Closest to Their Ask Price?

Jim Costello / April 24th, 2017

U.S. apartment deal volume has dropped at double-digit year-over-year rates for four months in a row. With deal volume down so sharply, market participants are asking what is driving...

Did US Investors Lean Towards Risk in 2016?

Jim Costello / February 15th, 2017

Investors at the beginning of 2016 expected to see a shift in risk-taking last year. The move to risk can take two forms - either market tier risk or investment style risk - and investor sentiment in ULI's...

US Capital Trends 2016 Year in Review: Activity Dips, Prices Climb

Jim Costello / January 27th, 2017

U.S. commercial property transaction volume fell 11% in 2016, the new edition of US Capital Trends shows. The level of activity is still elevated historically and marks 2016 as the third strongest…

Darkness Before Dawn as Q4 Volume Slides

Jim Costello / January 20th, 2017

Preliminary deal volume for 2016 suggests that the year was not as bad as some had feared it would be back in January 2016. In fact, there are a number of property subtypes that were winners for the year...

Nov 2016 US Capital Trends: Drumbeat of Declines to Fade

Jim Costello / December 22nd, 2016

Commercial property transactions fell 6% YOY in November, following a 35% YOY decline in October, and unless December posts extraordinary growth, declines are likely for Q4’16 overall. Still, that steady...

Higher Office Cap Rates off the Beaten Path. So What?

Jim Costello / November 10th, 2016

In the hunt for yield, investors may be tempted to look at the comparatively high cap rates available in secondary and tertiary markets. For many investors though, the path to higher yields...

Q3 2016 Europe Capital Trends: A Slowing Core

Tom Leahy / October 27th, 2016

Hurt by Brexit concerns, quarterly volume in the U.K. fell behind German volume for the first time since 2012. While the year-over-year decline looks severe, it should be noted that Q3’15 was the strongest...

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