Kathryn Peacock

Aug 28, 2024 | globest.com | Kristen Smithberg |Erik Sherman |Kathryn Peacock

While pending sales of middle- and upper-price homes have fallen recently, pending sales of starter homes climbed 10.2% year over year in July, signaling signs of life in the first-time-homebuyer category. This increase is the highest level of pending sales for the starter home segment since October 2022, according to a Redfin report. Pending sales of middle-price homes – those in the 35th to 65th percentile of the market – fell 6.5% in July compared with last year, the report found.

Aug 28, 2024 | globest.com | Kristen Smithberg |Erik Sherman |Kathryn Peacock

The past five years have been particularly challenging from a real estate perspective. "It's almost as if we've navigated an entire real estate cycle in just a few years," said Marcus & Millichap SVP of research services John Chang in a research video summarizing the performance of five CRE sectors over that period. The office sector has had a particularly hard five years, he said.

Aug 28, 2024 | globest.com | Erik Sherman |Kristen Smithberg |Kathryn Peacock

How do you spot a good CRE asset type? Find one in which many people need it but there isn't enough to go around. That's the basic pitch of Arick Morton, chief executive officer of NIC MAP Vision, a company that provides geospatial and market selection analytics for the senior housing and care sector. His firm's data says that the current senior housing development pace indicates a 550,000-unit shortfall by 2030, representing a $275 billion investment shortage.

Aug 28, 2024 | globest.com | Jack Rogers |Kathryn Peacock |Kristen Smithberg |Anthony Russo

While the timeline for Google's 80-acre Downtown West campus in San Jose has been pushed back, the tech giant is taking the first steps to establish an advanced research hub in a cluster of eight buildings it owns in the northern part of the city. The eight buildings, encompassing nearly 1.3M SF in the city's Alviso district, were acquired during Google's pre-pandemic acquisitions binge in San Jose.

Aug 28, 2024 | globest.com | Kathryn Peacock |Steven Luzkow |Jack Rogers |Erik Sherman

Real estate professionals have a lot of questions about how PFAS may impact their deals EPA's PFAS ruling of July 8, 2024.  The ruling designates two of the most widely used categories of PFAS as hazardous substances under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA, also known as Superfund).