Reno Commercial Real Estate

Wallet squeeze: Apartment rents projected to rise again
The average U.S. rent has climbed 14 percent to $1,124 since 2010, according to commercial property tracker Reis Inc. That's four percentage points faster than inflation, and more than double the rise in U.S. home prices over the same period. "The only relief in sight is rents in the hottest markets are going to go up at a slower pace, but they're still going to go up," says Hessam Nadji, chief ...

Fitch: Lower Oil Provides Moderate Benefit for US REITs
Lower gasoline and heating oil prices will bolster consumer discretionary incomes and will likely lead to greater retail and travel spending, providing a moderate net benefit to US

Is the Modern Office Space the Next Recruitment Tool?
The good news is that a modern work environment can both attract your next generation of employees while increasing the efforts of your current employees. According to John Michael, vice president and general manager at Business Interiors by Staples, "the right physical space brings together people, projects and technology." Previously, offices were designed to allow standardization among roles ...

Fitch Downgrades Cyrela Commercial Properties' IDR to 'BB'; Outlook Revised to Negative
Fitch Ratings has downgraded Cyrela Commercial Properties S.A. Empreendimentos e Participacoes' ratings as follows:

First REIT's net property income up 9.3% to $24m in Q1
First REIT reported that its net property income grew 9.3% year-on-year to $24.2m in the first quarter, on back of maiden contributions from its new hospital in Indonesia. First REIT's good results were supported by maiden contributions from the newly-acquired Siloam Sriwijaya in Indonesia, as well as step-up rental income from its existing properties.

Hunt Mortgage Group Facilitates the Acquisition of a Multifamily Property Located in Charlotte, North Carolina
Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided a $1.4 million Fannie Mae loan facility to enable the acquisition of a multifamily property located in Charlotte, ...

Real estate transactions
Tarantino Properties will continue to handle leasing and management of the building while the new owner renovates the property. Griffin Capital Corp. announced the purchase of two recently completed office buildings in the Park 10 Regional Business Center in the Energy Corridor. The buildings are fully leased to Wood Group Mustang as part of the company's longtime headquarters campus. Peter ...

Wilcon Depot now offers BPO space
With demand for office space projected to remain strong over the medium term, investors have become more resourceful in identifying and constructing office space in strategic Metro Manila locations to appeal to BPOs. Business process outsourcing (BPO) companies, who have been buoying the office market for the past decade, continue to lease hundreds of thousands of square meters of office space ...