By Champaign Williams
Strong investor interest in U.S. commercial property markets has led to a surprising rebound in transaction volume in the first half of the year, though Colliers International U.S. Chief Economist Andrew Nelson does not foresee this rebound carrying over into the new year.
Deal volume rose 4% in the first half of 2018 compared to last year, a modest increase that reflects a resurgence in investment activity after deal volume dropped off in seven of the eight previous quarters, according to Colliers International’s 2018 Capital Flows report.
“Although transaction volumes were modestly higher this year, the trend since 2015 has been a gradual decline in transaction volumes, and I see that trend continuing the rest of this year into next year despite the small pickup in the first half of 2018,” Nelson said. “We’re close to the actual top of the market. It’s always difficult to call the top of the market with any precision, but I think we’re very close to it.”
Bisnow spoke with Nelson about what is driving this moderate comeback, where investors are deploying their capital and how the economy will continue to shape the market moving into 2019.
Click here to read more.
REBIC has put together an Election Guide to help you cast your vote for candidates who support the real estate industry.
Click here to see which candidates REBIC has endorsed.
Click here for early voting times and locations.
Send us your News and Transactions
Did you know that the Members on the Move post is our most viewed and reaches over 1,000 CRCBR members in our Voice Highlights newsletter? We are always looking to recognize our members for their achievements. Please send any recent news or transaction information to email@example.com.
Congratulations to the following CRCBR members on their recent achievements:
Colliers International and CBRE – Rob Speir, Don Moss and Bryan Crutcher
Rob Speir of Colliers International recently represented Linde Hydraulics with their lease of 1679 Overview Drive in Rock Hill, SC. The facility, located in Waterford Business Park, is 67,200 square feet. Don Moss assisted Linde with incentive negotiations. Bryan Crutcher of CBRE represented the owner, EastGroup Properties.
Cushman & Wakefield – Matthew Bowen
Cushman & Wakefield announced that Matthew Bowen has joined the firm’s Charlotte office as Managing Director, specializing in office tenant representation. Bowen has more than 10 years of experience in representing office tenants in negotiations for lease renewals, expansions, relocations and dispositions, both subleases and sales, throughout the Carolinas. Notable clients include Cardinal Financial, UBS Financials Services and Charter Communications.
Catylist announced the following platform upgrades, improving system workflow for thousands of CRE Professionals. Please review the information below and contact the Catylist Help Desk with any questions or comments.
Create reports directly from your search
Previously, users have had to add results to a List before they could create reports. They can now use the new checkboxes (down the left side) to select results, then click the “Create a Report” button (in the new, gray search toolbar) to immediately access the reporting options.
New search results
Previously, our List View grouped results by property. That grouping is now optional — you can choose to instead view individually listed spaces separately. You can toggle between these using the “Group by Property” checkbox (in the new, gray search toolbar). This also allows for new sorting options for properties and listings.
Improved sorting capabilities
We’ve added a number of new sorting options on the List View and made improvements to several others. You can also now sort using multiple fields.
Always Listening… Always Improving.
Many users have been anticipating these adjustments in the platform. They are the direct result of your feedback. Please continue to let us know how we can improve our user experience, and don’t hesitate to contact our Help Desk or Market Director… more to come.
Training seminars will be announced soon!
Congratulations to our Tournament Winners!
Thank You to all our Participants and Sponsors!
Thank you to everyone who came out on Monday, October 1, for the NAIOP Charlotte & CRCBR Annual Golf Tournament at Carolina Golf Club.
Our 1st place winners based on GROSS were:
- AM Flight Kevin Ammons, Mark McAuley, Casey Werner, Jason Bradie
- PM Flight David Strawn, Jack Glasgow, Vince Sumner, Rett Turner
Our 2nd place winners based on GROSS were:
- AM Flight Michael Tuck, Lauten Crow, Charles Blankinship, Will Black
- PM Flight Tom Fitzgerald, Stephen Woodard, Barry Fabyan, Charley Leavitt
Our 3rd place winners based on GROSS were:
- AM Flight Robby Carney, Bryant Brewer, Russ Rogerson, Kurtis Thompkins
- PM Flight Chris Rogers, Tripp Beacham, Chip Pope, Dan Heath
Our 1st place winners based on NET were:
- AM Flight Robert Hall, Cary Bates, John Barnes, Warren Norman
- PM Flight Jason Rossetti, James Thorp, John Ball, Matt Bowen
Our 2nd place winners based on NET were:
- AM Flight Chris Lingerfelt, Cory Fowler, Charles Jonas, Karah Stumler
- PM Flight Rusty Byrd, Scott Harris, Tucker Harris, Pat Nolan
Our 3rd place winners based on NET were:
- AM Flight Cooper Burton, David Jarrett, Jonathan McLester, Brad Loman
- PM Flight Mark Ayers, Taylor Ferguson, Christy Nine, Kim Kendall
Closest to Pin – Hole 12 (sponsored by American Asset Corporation)
- AM Flight Russ Rogerson
- PM Flight Dave Priester
Closest to Pin – Hole 16 (sponsored by Terracon Consultants)
- AM Flight Brad Loman
- PM Flight Marc Gibson
Longest Drive Contest Hole 6 (sponsored by Whiting-Turner)
- AM Flight Scott Kurz
- PM Flight Charlie Eadie
Longest Drive Contest – Hole 17 (sponsored by KDC Real Estate Development & Investments)
- AM Flight Chris Lingerfelt
- PM Flight Preston Taulbee
Straightest Drive Contest – Hole 14 (sponsored by Clancy & Theys Construction Company)
- AM Flight Harry Tsumas
- PM Flight Andy Culicerto
Putting Contest (sponsored by Elliott Davis)
- AM Flight Brad Loman
- PM Flight Clay Coyle
Thank you again to all of our participants and sponsors. We’ll see you again next year!
Join CCIM Institute this Friday, Oct. 5, at 1 p.m. CDT for a complimentary webinar, Hurricane Florence: A Flood Damage and Insurance Primer. Hear from industry experts on filing insurance claims, leveraging special protections for flood victims, and using insurance proceeds as a path to repair, replace, or dispose of property.
The panel discussion features Amy Bach of United Policyholders, Scott deLuise, CCIM, of Adjusters International, and Steve Price, CCIM, of Price Properties, Inc. who will share their expertise and experience on these critical topics.
Click here to register.
Catylist has updated their Broadcast Email System platform, changing the look and feel of your SiteIndex emails. Take a look at the information video below or click here to view.