Dirt is typically not a sexy part of the commercial real estate sales market. The sector is often overshadowed by news of trophy asset deals and the latest record-setting cap rates. However, land sales have been on a tear over the last year with pricing on prime, shovel-ready sites that have risen as much as 50, 100 or even more than 200 percent in some cases.
Investors would welcome more consistent reporting of climate risk information. But commercial real estate companies affected by the rule are concerned about the added cost and strain on resources in additional reporting.
Transit crime is one of the factors preventing U.S. cities from returning to prepandemic normal, reports The New York Times. The Real Deal looks at whether rent control is responsible for the shrinking number of apartment rentals in Portland. These are among today’s must reads from around the commercial real estate industry.
