As seen the the CREJ Retail Properties QuarterlyThe strong economic rebound
over the summer triggered
a rapid recovery in retail
investor demand, and this
momentum is expected to
continue well into next year. Tenants’ sales increased, delinquencies are down, and the majority of
landlords are back to pre-pandemic
collections. Although headwinds
remain with supply chain issues
and labor shortages, strong consumer demand is forecast to
continue and strengthen in 2022.
While some rents are being reset,
the majority of recent retail loans
we’ve closed indicate pre-pandemic
rents are holding or increasing.
Retail development historically has
been tempered compared to...
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- By Chris White, Blaire Butler & Paul Donahue
- November 04, 2021
- Posted In: Featured Articles
Multifamily, to no one’s surprise, continues to be one of the most desired product types in the Denver market and across the country. At roughly $5.9 billion, according to Real Capital Analytics, 2021 multifamily transaction volume year to date already has surpassed the past three years and potentially will set an all-time record. Fundamentals have come back in a tremendous way since the stagnation of the market caused by COVID-19, leading to alltime low cap rates and even more competitive transaction processes.As it continues to be a darling for investors, it is also a darling for insurance company lenders. Insurance companies always have been a strong lending source for mult...
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- By Alex Riggs, Blaire Butler & Andrea Mehlem
- September 22, 2021
- Posted In: Featured Articles
Featured in the Colorado Real Estate Journal's Office & Industrial QuarterlyThe delta variant has proven
to be a major curveball for
office tenants who optimistically planned for a
post-Labor Day return to the
office. While some companies have
stayed the course and welcomed
employees back to their cubicles,
others have prolonged their work-from-home policies indefinitely. For
now, a hybrid plan is keeping the
office market in limbo. Investors
and lenders remain hesitant on the
asset class as a whole, so much so
that office is the new alternative
asset product.
With capital flooding the market,
lenders have flocked to COVID-19-era darlings,
industrial and
multi...
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As seen in RE Business OnlineSEATTLE — Essex Financial Group has arranged a $75 million permanent loan for Menashe Properties to refinance Medical Dental Building, an infill medical office building in downtown Seattle. The sponsor purchased the 297,470-square-foot historic building in 2019 and assumed existing debt on the property.The seven-year loan features a fixed interest rate with three years essaysservicesreviews.com of interest-only payments followed by a 30-year amortization. Alex Riggs and Blaire Butler of Essex Capital Markets secured the financing for the borrower.Originally built in 1924, the 18-story office building has undergone several renovations with...
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