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MarketBeat


Grocers, Restaurants Lead Small-Format Retail Revival

Big-box vacancies notwithstanding, merchants and restaurateurs occupying small-cap retail properties are demonstrating renewed strength.Read More


Small-Cap Centers Drive Budding Retail Development Wave

Retail developers are meeting small-format tenant needs by expanding centers, converting obsolete urban spaces - even launching promising spec projects.Read More


Residential Conversions Pencil Out Amid Rising Apartment Rents And Low Financing Rates

As strong apartment fundamentals spread nationally, entrepreneurs are converting under-performing small-cap commercial and special-purpose buildings into attractive residential ventures.Read More


Manufacturers Snap Up Small-Cap/Small-Town Midwest Industrial Buildings

As the rust-belt region's auto and other manufacturing sectors continue rebounding, growing companies are removing vacant buildings from inventories of secondary and tertiary cities in the Lake Michigan region. Read More


Competition Hampers Small Self-Storage Outfits in Larger Markets

Ongoing home foreclosures continue boosting demand for self-storage space – a stalwart small-cap sector. While this is creating solid selling opportunities, growth-minded smaller operators must fly under the REIT/institutional radar and play the small markets to avoid heavy competition. Read More


Improving Sales, Financing Picture Help Investors Close Small-Cap Retail Purchases

As consumer spending seemingly rebounds, and lenders get comfortable with small-cap shopping centers, investors and users are acquiring attractive properties. But predictably, competition from well-heeled outfits can drive down yields. Read More


Manufacturing Sector Showing Some Muscle

Manufacturing is faring surprisingly well amid the glacial economic recovery. While hiring is far from awe-inspiring, production is rising and taking commercial real estate along with it. Read More


Longer-Term MOB Fundamentals Spawn Aggressive Small-Cap Bidding

Rebounding fundamentals, combined with longer-term demographic and regulatory realities, are turning small-cap medical office buildings into hot commodities. But as with any specialty category, risks abound. Read More


Diverse Buyers Uncover Attractive Small-Balance Industrial Deals

Users, entrepreneurial types and buyers of stabilized properties are all finding small-cap industrial property acquisitions attractive these days. Despite the stalling economic recovery and double-digit vacancies, user upgrade opportunities and relatively high cap rates in the 7 percent vicinity are triggering deal-making. Read More


JV Buys Note on Dealership, Launches Redevelopment

Terraco Inc. and Frontline Real Estate are now redeveloping Milwaukee's former Foster Pontiac site. The effort has entailed purchasing the note (for less than $1 million), bringing in a pre-committed user and negotiating a city improvement contribution. Read More


Closed Auto Dealerships Offer Small-Cap Redux Opportunities

As automakers scramble back from the recessionary brink, dealership closings across the country have freed up many potential sites for small-cap retail centers and other uses. Some are available at attractive prices - but real value comes from fitting formats of expansion-minded retail and restaurant chains. Read More


Life Cos. Looking To Lend Against Small-Cap Retail

With growing confidence in the economy's modest recovery, life insurers have once again become an important lifeline for small shopping center owners and buyers. Their penchant for long loan terms and non-recourse structures more than make up for limited leverage. Read More


Down-Market San Diego Industrial Pricing Attracts User, Investor Purchases

As San Diego's industrial sector struggles to jump-start a recovery, attractive pricing is generating investor and user purchases of warehouse, manufacturing and flex buildings. Read More


Has the Recession Really Hit Small-Cap Properties Harder than Trophies?

Although sources confirm that institutional-grade property prices are recovering, an alternative analysis indicates small-cap properties have held their own. Read More


Small-Cap Apartments Held Up Well vs. Larger Complexes

Prices for smaller multifamily properties held their ground better than larger communities during most of the Great Recession. But over the last few quarters more aggressive bidding on mid- and large-sized properties has surfaced. Read More


Distressed Small Hotel Opportunities Abound - But Carry Considerable Risks

Banks and conduit loan servicers are now offering many distressed loans secured by small hotels. And lots of experienced local operators seem poised to pounce on the opportunities. Read More


Crown Acquisitions Inc.: (Somewhat) Reluctant Small-Balance Apartment Opportunist

Real estate entrepreneur Chris Mitchell would like to acquire sizable distressed apartment communities at attractive going-in cap rates. But that's still quite a challenge - so instead he's buying up clusters of small-balance multifamily properties at 7 caps or better. Read More


Ram/Square Mile JV Is an Instant Force in Smallish SE Strip Malls

Southeast retail owner-operator Ram is partnering with New York fund manager Square Mile Capital on a portfolio of non-performing loans secured by shopping centers totaling 1.8 million square feet. The unusual arrangement has investment funds managed by each partner contributing equal amounts of equity. Read More


Hard Money Bridge Loan Buys Developer Time

Johnson Capital helps a struggling SoCal apartment developer tap hard money bridge loan to retire defaulted construction debt. It's not a cheap solution, but it gives the builder more time to stabilize the property. Read More


Small-Cap Retail Deals Signal Increased Capital Availability

Regional banks in particular, along with life companies, are again actively financing small-balance retail properties. However underwriting remains conservative - meaning that proceeds in some cases might not match outstanding refi balances. Read More


Strip, Neighborhood Centers Keep Their Edge

What's the difference between those neighborhood shopping centers with empty parking lots and those where shoppers have to circle the lot five times before finding a spot? In one word: necessities. Small neighborhood shopping centers with grocery store anchors tend to be holding up better than larger shopping centers in today's still-struggling economy because consumers are still buying staples. Read More




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