CoStar Insights

Top News: Once Overlooked, Smaller Logistics Properties Now Getting Top Dollar as Last-Mile Link in Today's Supply Chains

by CoStar News | Feb 21, 2017

In case you missed it, here our latest weekly roundup of top national commercial real estate stories, as reported by our plugged-in CoStar News team.

Portfolio Sales of Smaller Industrial Properties Surge  as Institutional Investors Jump On 'Last Mile' Logistics Bandwagon

Major investors in recent months have increasingly turned their focus on light industrial properties capable of serving that "last mile" in the race to achieve same-day delivery by e-commerce firms. Thanks to outsized rent growth driven by strong demand from e-commerce, these formerly overlooked assets find themselves back in favor among investors in logistics hubs across the country.

Fed Isn't the Only One Concerned about Economic Impact of Immigration Policy Changes

Federal limits on immigration have caught the attention of many REIT executives. While legal arguments wind their way through the US court systems regarding the legality of the new president’s recent executive order on temporary travel restrictions, economists and real estate investors alike are looking ahead to the larger impact expected from future changes to US immigration policies.

Expected IPOs for NGKF, Cushman Could Boost CRE Sector's Cachet on Wall Street

Plans announced last week by BGC Partners Inc. to spin off Newmark Grubb Knight Frank as a separate publicly traded company, along with market speculation that Cushman & Wakefield may also launch an IPO as early as the third quarter, would raise the value and visibility of commercial real estate companies on Wall Street, according to equity analysts who follow the CRE services sector.

Trophy Office Properties Backing Major CMBS Issuance this Year

Even as 2017 started off with the lowest level of CMBS issuance in five years, some of the nation’s largest office landlords have stepped into the void to line up more than $1.5 billion from CMBS conduits to refinance several of their premier trophy properties.

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