CoStar Insights

News in Review: Week of July 31

by Randyl Drummer | Aug 05, 2016
News in Review
Here’s the latest roundup of national and CRE industry stories reported by CoStar’s News team over the last few days.

CRE Investors Experiencing Déjà vu In Search for Yield 
As investors search for opportunity at a time when asset appreciation is harder to come by, we’re hearing some of the same talk we heard in 2007. Lenders and executives struck a similar tone about harvesting value in a low-yield environment when valuations last peaked about nine years ago.

Rand Sperry Launches New Franchising Network 29 Years After Forming Sperry Van Ness
Several years after leaving SVN, the veteran Orange County real estate executive is back in the brokerage franchise business. Rand Sperry has inked a deal with a Los Angeles brokerage, the first in what he hopes will be a nationwide and global franchise network.

Silver Lining In a Challenging Environment For CMBS Lending? 
The first CMBS deal to be issued under new “risk retention” regulations has hit the Street. The $870.6 million transaction may be an early test of the market impact of new rules requiring originators to hold a 5% interest in conduit deals.

CRE Prices Move Back Up, But At Slower Rate 
Investor confidence has returned after a tepid first quarter, and the CoStar Commercial Repeat-Sale Indices (CCRSI) ended the first half of 2016 on a stronger note. While broad-based pricing gains have resumed, the rate of growth has fallen into the single digits. 

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