U.S. Farmland Escapes Real Estate Slump as Prices Soar to Record
Wealth Management Real Estate: Farmland prices in the Midwest, the nation’s breadbasket, jumped 20 percent just in the third quarter from a year earlier—bucking a downturn in the residential real estate market, according to data from the Federal Reserve Bank of Chicago and the National Association of Realtors. That was the 11th consecutive quarter of gains, the longest streak since 2014.
Smaller Banks Are Stepping Into The CRE Lending Void
Bisnow: Regional and community banks have grabbed a larger market share of commercial real estate loans as banking giants retreat. Banks overall have taken a larger market share in CRE as other lenders, such as debt funds, CMBS and insurance companies all saw activity decrease.
As Interest Rates Rise, Shopping Centers Look More Attractive to Investors
Wealth Management Real Estate: With property fundamentals in their best shape in quite some time and attractive cap rates, some investors are looking to put their money into shopping and power centers.
Barb Murdocca and Mike Rohm at Landmark Commercial Realty/TCN Worldwide Receive GHAR Merit Awards
Member Announcement: Landmark Commercial Realty is proud to announce Barb Murdocca, COO and Michael Rohm, CCIM, MAI, Senior Associate and Director of Valuation Advisory were each recently given the Greater Harrisburg Association of Realtors (GHAR) Professional Merit Award.
Moody Rambin/TCN Worldwide Sold a 20,188 SF Industrial Building located 7633 Navigation Boulevard, Houston, Texas
Member Deal Announcement: Davis Sheffield, Doyle Toups, and Thomas Erwin sold the 20,188 square feet 7633 Navigation building, located at 7633 Navigation Boulevard, Houston, Texas. Davis, Doyle, and Thomas of Moody Rambin represented the building owner Leroy & Irene Villarreal.
Norris & Stevens, Inc./TCN Worldwide in Portland Brokers $1.1M Sale of Retail Space in Estacada, Oregon
Member Deal Announcement: Time Travelers, Inc. recently completed the $1,100,000 purchase of a ± 5,000 square foot retail space located at 326 S Broadway Street in Estacada, Oregon. Constructed in 1960 and situated on approximately 0.12 acres of land (5,227 SF), the property was home to Fearless Brewing Company, a well-established brewery and restaurant. Tim Pfeiffer and Camden Muller with Portland-based Norris & Stevens, Inc. represented the Seller, Fearless Inc.