Dallas' April Meeting Take Aways!

Dallas' April Meeting Take Aways!

  • Interest rates have moved up faster during this cycle than in any other cycle in recent history. (Scott Lynn - Cache Realty Capital)
  • The Trepp Podcast and Marcus and Millichap offer a lot of good free information. (Scott Lynn - Cache Realty Capital)
  • With rates going up so fast, nobody has a real handle on how things are going. (Scott Lynn - Cache Realty Capital)
  • Because it’s difficult to predict what’s happening, a lot of investors are sitting on the sidelines. (Scott Lynn - Cache Realty Capital)
  • As rates have gone up, transaction volume has gone down. (Scott Lynn - Cache Realty Capital)
  • The main reason for current transactions moving forward is because sellers have to sell for some reason.?(Scott Lynn - Cache Realty Capital)
  • Even industrial deals with high quality tenants are difficult to get done. (Scott Lynn - Cache Realty Capital)
  • The 10 year treasury average since 1960 is 5.92% and before covid we were way below the 5.92% average. That is why rates have had to go up so quickly. He believes they won’t go down as fast as everyone would like. (Scott Lynn - Cache Realty Capital)
  • Going through a reset is a painful process. (Scott Lynn - Cache Realty Capital)
  • Some banks and investors didn’t factor in rate changes and could be in trouble. (Scott Lynn - Cache Realty Capital)
  • Some deals are distressed sellers, as opposed to distressed properties. (Scott Lynn - Cache Realty Capital)
  • Between Thanksgiving and Christmas is a good time to buy real estate on sale. (Scott Lynn - Cache Realty Capital)
  • Potential deals can be found all over, but if you’re just getting started it’s good to look in your own backyard. (Scott Lynn - Cache Realty Capital)
  • It’s difficult to tell whether this will be better or worse than the last recession. (Scott Lynn - Cache Realty Capital)
  • Lots of people are talking about the downturn, but they’re not feeling it. (John Rhodes - Foresite Group)
  • Hiring remains a problem and they have difficulty keeping up with interviews. (John Rhodes - Foresite Group)
  • Construction prices are steady but there are more deals done through personal negotiations with known relationships.?(John Rhodes - Foresite Group)
  • Seeing fewer issues with building materials. (Kimber Davison - Griffith Davison)
  • 70-170 acres seems to be a sweet spot for mixed use. More people are trying to diversify with one deal. (John Rhodes - Foresite Group)
  • Multi-family continues to thrive even with lots of new units, in part because people are buying homes later and also people can’t afford them. (Marc McClendon - Marc & Mark Group)
  • Work for developer clients differs significantly from state to state. (Kimber Davison - Griffith Davison)
  • Have seen a shift in a lot of the markets since Covid and now shifting again. (Christine Stoneking - Emerald Ridge Concepts, LLC)
  • Lenders are very, very tight. (Cheryl Murphy - CM Funding Solutions, LLC)
  • Firm has had their best 3 years the last 3 years, by a significant amount. Midcap companies are coming back to the office. (Nick Lee - NAI Robert Lynn)
  • Monster deals (over 100K sq ft) are slow. (Nick Lee - NAI Robert Lynn)
  • Flight to quality is a real thing with Double A buildings doing significantly better than Class B. (Nick Lee - NAI Robert Lynn)
  • Over the past few weeks, more big block subleases have come onto the market that since before Covid. (Nick Lee - NAI Robert Lynn)
  • Furniture is a requirement for subleases. Class B subleases often sit for a while. (Nick Lee - NAI Robert Lynn)
  • Purchased a building before covid, which has maintained an?occupancy at about 89%. People are coming into the office. (Bobby Jefferson - Lilium Investments)
  • Industrial deals above $10 million are moving a lot slower. (Johnny Dunn - CBRE)
  • Market has been strong for entertainment and restaurants, with a lot of new concepts coming out. (Larry Leon - RetailUnion)

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