Shop Houston for industrial/office, it seems. Commercial real estate services firm NAI Industrial partner Michael Keegan says that most customers seeking Houston industrial space are e-commerce companies. Absorption figures are rather solid, but vacancy has ticked upward .2%, reaching 5.5% this quarter. (Via Houston Chronicle)
Is China feeling weary over Dalian Wanda’s business trajectory? The government of China is planning to cut any funding for founder Wang Jianlin’s Dalian Wanda Group Co. This decisions follows on months of U.S.-based commercial property acquisitions. “Not only Wanda, every Chinese company won’t find it easy anymore to acquire assets overseas. Stabilizing the yuan is the top priority for Beijing now,” says Castor Pang, head of research at Core-Pacific Yamaichi HK. (Via Bloomberg)
Commercial conduit loans are up 26% year-over-year. Year-to-date volume through June 30 is $38.8B, according to Commercial Mortgage Alert. The increase comes during a time of reduced lending for commercial real estate deals. (Via Richmond Times-Dispatch)
More News to Note:
PMG Chases Big Dreams for Fort Lauderdale “Social Living” Community
Blackstone Dumps Denver-Area Asset
If You Follow the CRE Industry, a “Best Markets” Rating for Dallas is No Surprise
