finance

CRE Financing Transitions from LIBOR 

By: Lisa Pendergast Fall 2020 Issue

SOFR, the new U.S. dollar replacement rate, differs in crucial ways from its longstanding forerunner.

Opening 810

Creating a Solution for Essential-Worker Housing 

By: Sean Rawson and John Drachman Fall 2021 Issue

A program in California seeks to address affordability for the “missing middle.”

Finance Articles From Previous Issues

CMBShall2

CMBS Coupon-Clipping: Tips for Commercial Mortgage Shopping

By: Andrew Foster and Cody Charfauros Summer 2021 Issue
Liquidity returns to the market as pandemic disruptions begin to subside.
jointventure2

Why Investors are Homing in on Joint-Venture Strategies

By: Riaz Cassum Summer 2021 Issue
This investment vehicle is gaining popularity, especially for overseas real estate.
CRE construction

Pessimism Dominates Contractor Expectations for 2021

By: Ken Simonson Spring 2021 Issue
Survey shows that most respondents see less work available to bid on as material prices keep climbing.
finance

EB-5: An Alternative Source of Capital to Support Commercial Real Estate

By: Lee Y. Li Spring 2021 Issue
The program helps attract foreign investment into projects all over the U.S.
incentives

How to Use Incentives Wisely

By: Scott Ziance and Sean Byrne Spring 2021 Issue
A four-pronged approach to state and local economic development incentives can help draw tenants and boost profits.
commercial lease

What to Do When Commercial Leases End Up in Bankruptcy

By: Gary M. Kaplan and Gregory B. Shean Winter 2020/2021 Issue
The COVID-19 pandemic is forcing many businesses to close, leaving landlords in the lurch.
CRE professionals

Commercial Real Estate Professionals Faced a Challenging Year

By: Christopher Lee Winter 2020/2021 Issue
Compensation survey reveals that difficult decisions lie ahead for firms regarding pay, benefits and staffing levels.
CRE construction

Nonresidential Construction Outlook Darkens

By: Ken Simonson Winter 2020/2021 Issue
A “second wave” of pandemic-related trouble looms on the horizon.
finance

CRE Financing Transitions from LIBOR

By: Lisa Pendergast Fall 2020 Issue
SOFR, the new U.S. dollar replacement rate, differs in crucial ways from its longstanding forerunner.
finance negotiation

Don't Wait to Comply with ASC 842

By: Bart Waldeck Fall 2020 Issue
New accounting standard requires many types of leases to be added to corporate balance sheets.
construction project

Construction Uncertainty Continues as Pandemic Persists

By: Ken Simonson Fall 2020 Issue
The outlook remains hazy as COVID-19's broad impacts disrupt the country.
finance

Opportunity Zone Updates: 2020 and Beyond

By: Daniel Pessar Fall 2020 Issue
Recent clarifications didn’t significantly change the law, but investors should be aware of these modifications.
finance

CRE Loan Defaults: A Brief Guide for Lenders and Borrowers

By: Clayton Gantz, Steve Edwards and Tom Muller Summer 2020 Issue
The coronavirus pandemic could create a lot of distressed assets.
loan agreement

COVID-19 Challenges: Approaching a Mortgage Lender for Help

By: Trey Barrineau Summer 2020 Issue
Important advice for borrowers who own buildings where tenants are in trouble.
cre converge presentation

WeWork and Airbnb: A Tale of Two Disruptors

By: Dror Poleg Spring 2020 Issue
The companies represent different approaches to the future of real estate, and their success or failure will offer important lessons to landlords.
labor shortages

Workforce Woes Threaten Project Pricing, Timelines

By: Ken Simonson Winter 2019/2020 Issue
Labor shortages affect 81% of contractors across the U.S. — and they don’t see the problem improving any time soon.

Commercial Real Estate's Economic Environment Has Been Nearly Perfect

By: Anirban Basu Winter 2019/2020 Issue
Inflation and unemployment remain low, but how long will these conditions last?

The Mezzanine Structured Finance Market is Here to Stay

By: Tom McCahill, EverWest Fall 2019 Issue
This popular investment tool that arose in the 1990s can offer notable advantages over other financing practices.
construction costs

Construction Costs Outlook

By: Ken Simonson, Associated General Contractors of America Summer 2019 Issue
After a brief retreat, outlays for materials are poised to increase; meanwhile, compensation for workers continues to climb.

Some Property Owners Could Face Surprising Tax Bills

By: Dan Thrailkill, Ellin & Tucker Summer 2019 Issue
A drafting error in the recent tax reform law has the potential to take a big bite out of the bottom line for developers who renovate properties for new tenants.

Lessons from the Fall of RealtyShares

By: Adam Gower Spring 2019 Issue
The real estate crowdfunding platform lost sight of its core competency, but it also proved that there’s a demand for what it provides.

Construction Costs Outlook

By: Ken Simonson, Associated General Contractors of America Winter 2018/2019 Issue
Labor shortages, higher prices for materials loom larger.

10 Basic Mistakes Borrowers Make and How to Avoid Them

By: J.R. Foster, Robert Louis Capital Winter 2018/2019 Issue
Don’t get tripped up on the path to securing a commercial real estate loan.

Five Things Bankers Look for When Making CRE Loans

By: Gary Magnuson, Citizens Bank Winter 2018/2019 Issue
Be prepared to answer a long list of questions when seeking financing for a project.

Creditworthy Tenants Yield Financing Alternatives

By: Turkia Mullin, CBRE Capital Markets Fall 2018 Issue
Nonrecourse credit tenant financing can be used to fund build-to-suit projects involving properly structured long-term net leases with investment-grade tenants.

How to Attract Institutional Capital Through the Development of Operating Guidelines

By: John Mackel, MAI, ASA, CCIM, Moss Adams LLP Fall 2018 Issue
Incorporating best practices for policies, strategies and procedures can make smaller developer-operators appealing to institutional investors.

Construction Costs Outlook

By: Ken Simonson, Associated General Contractors of America Summer 2018 Issue
Steel yourself for higher materials costs.
Financial Illustration

Setting Up a Private Equity Real Estate Fund, Part 2

By: Jan A. deRoos, Ph.D., Cornell University, and Shaun Bond, Ph.D., University of Cincinnati Summer 2018 Issue
What securities laws govern private equity real estate funds, and what factors must fund sponsors take into account when operating one?

The Legal Risks of Crowdfunding

By: John Amabile and Brian Cromwell, Parker Poe Summer 2018 Issue
Understanding the risks involved in crowdfunding will help real estate professionals make the most of the opportunities presented by this “engine of change.”
Financial Illustration

How to Set Up a Private Equity Real Estate Fund

By: Jan A. deRoos, Ph.D., Cornell University, and Shaun Bond, Ph.D., University of Cincinnati Spring 2018 Issue
How does one go about creating a partnership to raise equity for ongoing real estate investment?

Lenders' Environmental Due Diligence

By: Tom Mounteer, Paul Hastings LLP Spring 2018 Issue
Lenders’ due diligence can be just as thorough as buyers’.

Real Estate Diversification via Structured Investments

By: Gabriel Pozo, principal, Advalurem Group Winter 2017/2018 Issue
Structured investments can enable real estate investors to move into a new market while limiting risks.

Evaluating Cap Rate Investment Strategies

By: Mark J. Eppli, Bell chair in real estate, Marquette University, and a NAIOP Distinguished Fellow Fall 2017 Issue
Which cap rate investment strategy generates the best return?

Negotiating Loan Guarantees and Cost Overruns in Development Joint Venture Agreements

By: Eric D. Lemont, real estate partner in the Boston office of Sullivan & Worcester LLP Fall 2017 Issue
Real estate development joint ventures often require lengthy and complex negotiations regarding construction loan guarantees and cost overruns.

Private Equity Finance and Securities Compliance for Real Estate Developers

By: Suzanne Mulvihill, managing partner, Haight Brown & Bonesteel’s Sacramento office, and leader of the firm’s transactional practice group Fall 2017 Issue
Developers and property owners must understand the risks involved in recruiting passive investors.

Innovative Financing For Roads and Highways

By: Robert T. Dunphy, a transportation consultant and emeritus fellow, Transportation Research Board Summer 2017 Issue
New approaches are needed to fix an old problem.

A More Relevant Measure of Risk

By: Mark J. Eppli, Bell chair in real estate, Marquette University, and a NAIOP Distinguished Fellow Summer 2017 Issue
Is the cap rate to U.S. Treasury comparison an “apples-to-oranges” assessment?

How to Attract Institutional Capital

By: Kelvin Tetz, partner, and Greg Martin, partner and national real estate practice leader, Moss Adams LLP Summer 2017 Issue
Local and regional developers who want to build relationships with institutional investors will need to implement these reporting and operating guidelines.

Why Investors Are Flocking to Student Housing

By: Paula Poskon, founder, STOV Advisory Services Spring 2017 Issue
Purpose-built student housing has matured into an institutionally acceptable asset class.

Maximizing Revenue Through Dynamic Parking Pricing

By: Tim Flanagan, managing director, Sentry Spring 2017 Issue
Sensors, software and apps make dynamic pricing feasible — and profitable.

The Property Life Cycle: Planning for Effective Cost Segregation Strategies

By: Edward D. Meyette, CPA, partner, Crowe Horwath LLP Spring 2017 Issue
New regulations create more cost segregation complexities and opportunities, making tax planning more complicated.

Industrial Real Estate Fundamentals and Investment Outperformance

By: Chris Caton, senior vice president and global head of research, and Melinda McLaughlin, director of research, Prologis Winter 2016/2017 Issue
Why is industrial real estate so attractive to the capital markets, and why is it outperforming other types of real estate investments?

Big Changes Yet to Come from Basel III and Dodd-Frank

By: Jordan Angel, director with HFF in San Francisco Winter 2016/2017 Issue
New regulations are constraining construction lending and testing the long-term viability of the CMBS market.

What does a shift in U.S. manufacturing and import/export trends mean for industrial

By: Walter Kemmsies, Ph.D., managing director, economist and chief strategist, U.S. Ports, Airports and Global Logistics Group, JLL Fall 2016
What does a shift in U.S. manufacturing and import/export trends mean for industrial real estate, particularly near major ports?

Real Estate Comes Into Its Own

By: Paula Poskon, founder, STOV Advisory Services Fall 2016
How REIT investors, both institutions and generalists, are — and are not — reacting to real estate becoming a new GICS sector.

CRE Lending Environment Tightening

By: Amanda Tran, a freelance real estate writer and researcher Summer 2016
The commercial real estate lending market is in a period of adjustment, as lenders adapt to a shifting economic and regulatory landscape.

Cost Segregation Is Just the Beginning

By: Bruce Johnson, cofounder and partner, Capstan Tax Strategies Summer 2016
New regulations further expand the utility of engineering-based tax strategies.

Cross-border Investment in US Commercial Real Estate

By: Jim Costello, senior vice president, Real Capital Analytics Spring 2016
Foreign investment in U.S. CRE both soared and shifted in 2015.

IRS Cracking Down on Fee Waivers in Real Estate Transactions

By: Bruce J. Belman, JD, CPA, a partner with Crowe Horwath LLP and the firm’s tax services leader on partnership taxation, and Steven R. Driver, Jr., CPA, MT, a member of the firm’s construction and real estate services group Spring 2016
Partnership payment agreements must focus on entrepreneurial risk to comply with proposed IRS regulations.

Retail Streetscape Redevelopment

By: Sam Black, contributing editor, Development; attorney; and past chairman of the Washington, D.C., Smart Growth Alliance Spring 2016
Real estate and business leaders can work with the public sector to plan and fund streetscape improvements that benefit all stakeholders.

Research Foundation Report

The NAIOP Research Foundation commissioned this report to evaluate the risks and opportunities associated with office building conversions. The author conducted a review of recent publications and market data on office conversions and interviewed developers, architects and other commercial real estate professionals to provide an overview of the key considerations that go into converting an office building to a life science, medical office or multifamily use. Available Now!

New Uses for Office Buildings