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15 hours ago | 
globest.com | Kristen Smithberg
The future of Class B malls may be tied into the growing trend of repurposing underperforming malls into mixed-use developments as new retail construction slows. These redeveloped properties blend retail, lifestyle, entertainment and essential services to meet the evolving needs of today’s consumers, according to a Cushman & Wakefield report.
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16 hours ago | 
globest.com | Kristen Smithberg
Nuveen Real Estate, the investment manager of TIAA, closed a separately managed account for the California State Teachers’ Retirement System (CalSTRS) to invest in self-storage assets across the United States. The strategic collaboration includes a $150 million initial equity commitment from CalSTRS and a 10% equity commitment equaling $16.6 million from the TIAA General Account.
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20 hours ago | 
globest.com | Kristen Smithberg
Apartment executives responding to the National Multifamily Housing Council’s (NMHC) quarterly survey of apartment market conditions were less optimistic after the announcement of tariffs on April 2nd than they were in the days before. Those who responded to the survey after April 2 were more likely to report worsening conditions for debt and equity financing as well as decreasing sales volume over the preceding three months, said NMHC.
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1 day ago | 
globest.com | Kristen Smithberg
Federal funding that pays rent for families and individuals impacted by homelessness or domestic violence could run out by next year. The Emergency Housing Vouchers program assists roughly 60,000 families and individuals who would be left scrambling to pay rent if funding runs out. A letter from the U.S. Department of Housing and Urban Development (HUD) warned that funding is on track to be used up by the end of 2026, according to an Associated Press report.
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1 day ago | 
globest.com | Kristen Smithberg
With complex geopolitical and economic currents reshaping world trade, the North American industrial real estate market stands at a critical juncture this year. A gradual shift away from goods manufactured in China since 2020 has diversified the continent’s industrial base through expanded domestic manufacturing and foreign direct investment (FDI), according to Newmark’s 2025 North American Industrial Outlook.
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1 day ago | 
globest.com | Kristen Smithberg
The bond market has been behaving abnormally amid the recent volatile economic and financial market cycle. Typically, when the stock market falls and money moves to safety, bond prices go up and Treasury yields fall, said John Chang, national director of research and advisory services at Marcus & Millichap. However, when President Trump announced a roster of tariffs earlier this month, prompting a precipitous stock market dip, the demand for bonds also eroded, and Treasury rates increased.
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2 days ago | 
globest.com | Kristen Smithberg
Historically, there has been a correlation between consumer sentiment and household formation, which raises the question of how recently slipping consumer sentiment might impact the multifamily market. Although 2025 started off on an optimistic note for the overall economy, investor uncertainty has begun to creep in as the new administration has moved forward with its agenda.
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2 days ago | 
globest.com | Kristen Smithberg
Despite some near-term challenges, multifamily growth prospects and fundamentals remain healthy. Construction is normalizing, demand is robust, distress is concentrated and troubled properties will be recapitalized as institutional investors deploy dry powder, according to a recent Trepp analysis of supply and demand in the multifamily investment market. Nearly 592,000 multifamily units were completed last year, a 50-year high.
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2 days ago | 
globest.com | Kristen Smithberg
Volatility spurred by the current tax, regulation and tariff regimes could yield opportunities for well-positioned industrial and multifamily assets, according to an analysis authored by Transwestern executive managing director of research Hans Nordby. “We believe growth is the natural state of the U.S. economy and there will be rent and value gains on top of good investment opportunities,” said the analysis.
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3 days ago | 
propertycasualty360.com | Kristen Smithberg
Uncertainty surrounding newly imposed tariffs on imported steel and aluminum is casting a shadow over the U.S. rental market, particularly in cities where multifamily construction has been booming. These duties, set at 25%, threaten to drive up construction costs, potentially stalling or even halting new apartment projects in markets that have seen the fastest growth in permitted multifamily homes, according to a report from Realtor.com.
