2015 U.S. Office Sales Have Best Year Since 2007

Ken Ward Business Trends

National Office Vacancy Rate Tightens to 10.8% As New Supply Deliveries Hold Steady U.S. office net absorption topped 100 million square feet for the first time since the Great Recession and the national office vacancy rate declined another half-percentage point in 2015 as broadening demand and constrained levels of construction contributed to tightening space availability in virtually Every metro area. …

Greystar Selling $2 Billion Apartment Portfolio to Blackstone

Ken Ward Business Trends

Sale of More Than 10,000 Units Underscores Strong Investor Demand for Multifamily as Rents Continue to Rise Avana At South Shore, a 316-unit apartment property in Prarie City, TX, is part of a 32-property multifamily portfolio being sold by Greystar to Blackstone. In another vote of confidence in the continued strength of the nation’s red-hot apartment market, private equity kingpin …

United States Logistics Sector – Construction Status

Ken Ward Business Trends

Developers Deliver Several Million-Square-Foot-Plus Big Boxes in Third Quarter By Randyl Drummer A string of quarterly declines in the U.S. warehouse and logistics vacancy rate stretching back to 2009 ended in the third quarter as a rising wave of construction added more space than was leased by tenants. The U.S. logistics vacancy rate remained unchanged at 8.1% in the third …

High Probability that Recession is Coming

Ken Ward Business Trends

The odds of a global recession taking hold in the next 20 months are now better than 50 percent, The Lindsey Group’s Peter Boockvar said Tuesday. “Central banks have guaranteed a messy outcome from the reversal of policy,” the chief market analyst told CNBC’s “Squawk on the Street.”  “There’s going to be a recession when central bank policy reverses. It’s inevitable.” …

Is There a Recession Coming?

Ken Ward Business Trends, Economy

On Friday, the United States Bureau of Economic Analysis released its revised economic report for the first quarter of 2015 – and in a “surprising” and “unexpected” twist (surprising and unexpected only because Barack Obama is president and the media are constantly surprised that the Sun God cannot rain gold from the heavens), the GDP dropped -0.7%. As Zero Hedge …

Sustainability Platforms Yield Hidden Profits

Ken Ward Business Trends, Economy

Ownerships and Asset Managers may be overlooking short term added asset value by not employing sustainability platforms to their assets. Often, added asset value occurs over a period of time when upward trending occupancy, ADR and Rev Par adjustments are realized. The time line may take 2-5 years and only so in an up trending market place. The application of …

What is a Contraction?

Ken Ward Business Trends

FOR the world’s largest economy, 2015 has been a series of disappointments. In March builders began construction on just 944,000 new homes, well short of the million or more that had been expected. In April the number of people out of work and claiming benefits exceeded economists’ predictions. And on May 29th official data, which had previously suggested the economy …

Snail’s Pace Growth in America

Ken Ward Business Trends

In 2015 America has seen its share of sour economic data. Employment growth has slowed and investment spending is stalling. Consumers are not opening their wallets. And there was more bad news today: the first estimate of first-quarter GDP showed that the economy is now growing at a snail’s pace of 0.2% year-on-year. What’s behind this blip? The very cold …

Bad Ending to the Latest M&A Boom

Ken Ward Business Trends

The cheerleading was especially pronounced last quarter, as two mega deals helped propel the stock market to new highs: Actavis’ $66 billion acquisition of Allergan, and Halliburton’s $36 billion purchase of Baker Hughes. This euphoria has triggered my contrarian instincts, and it should yours too. “Each of the last six great merger waves on record ended with a precipitous decline …

Commercial Real Estate Poised to Bridge the Technology Gap

Ken Ward Business Trends

Though one of the oldest industries in the United States, commercial real estate has lagged behind other industries in terms of innovation, particularly when it comes to adopting and advancing technology. In fact, it has been argued that the commercial real estate market is in the same place that the financial services industry was 20 years ago. Thus, there’s a …