Industry Watch

 
Will Rising Interest Rates Cause Investors to Pause Their Plans to Acquire New Properties?

Last month we saw the highest rise in interest rates since 1994. The rise of inflation has led to an increase of ¾ of a percentage point. Many knew that the low interest rates would not stay low for much longer, but how will this jump effect investors plans? Read more here.

 
Is The Chicago Downtown Office Market Back on The Rise?

601W Companies is set to transform a vacant southwest Loop property into a modern 700,000-square-foot office building. Recent trends in the office industry have seen developers and investors transforming existing buildings rather than ground up developing. Will we continue to see developers remodeling existing buildings? Is this the change the office market needed in downtown Chicago? Read more here.
 

NAI Legacy In The News

NAI Legacy, a member of the world’s premier managed network of commercial real estate firms, represented the acquisition of a ± 33.7 acre site adjacent to the Amazon distribution center in Woodbury, MN. Read more here.

 
Industrial & Logistics and Office Are The 2nd And 3rd Leading Sectors In CRE Investments

Industrial & logistics with $32 billion and office with $24 billion are the 2nd and 3rd leading sectors in CRE investments. New York is back to being the top market, followed by Los Angeles and Dallas. Will these locations stay at the top or will new hotspots emerge throughout The U.S. Read more here.
 

How Will New York Developers Respond to The Local Law 97

Local law 97 is setting limits on the emissions from large buildings in New York. There are just 16 months until the deadline to meet the first threshold, before finds are enforced. 50,000 buildings have already adjusted to be in compliance for the first deadline, leaving 2,700 buildings still needing to take action. Will laws like Local Law 97 and others lead to real estate companies creating a sustainability department? Read More here.