March SIG Insider: CRE News, Insights & Announcements

Whether you're a seasoned investor or just starting out, we're here to provide you with valuable information that will keep you informed and ahead of the game in the dynamic realm of commercial real estate.?You'll have the tools you need to identify emerging trends, evaluate potential risks, and uncover investment opportunities that others may overlook.?Let us be your trusted companion on your investment journey, helping you navigate the complexities of the market and unlocking the potential for success!

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CRE NEWS?THAT MATTERS

Your go-to source for the latest news and insights.

IN THE SPOTLIGHT: OUR FAVORITE CRE ARTICLES

?? From Crypto to Cornfields

Forget about burying gold in your backyard or investing in Beanie Babies and Bitcoin. The latest trend among savvy investors? Farmland - it's all about the hayfields in Nebraska now. By the end of 2023, the total value of investor-owned farmland reached $16.6 billion, exemplifying an increase of 231% over the past 15 years. This trend is driven by farmland's resilience to inflation and its status as a solid long-term investment, given the UN’s projected 60% increase in food demand by 2050. However, concerns are raised regarding the impact on traditional farmers, especially as the average age of farmers rises and young farmers find it harder to enter the industry. Additionally, there is bipartisan concern in the US, over foreign ownership of farmland, with proposed legislation to restrict or ban non-US citizens or individuals from certain countries from buying farmland.?

Despite these challenges, investment firms currently only control 1% to 3% of the farmland market, suggesting room for further growth. This trend underscores the importance of seeking out unique and diverse investment opportunities, rather than simply following the crowd. Previously overlooked or undervalued assets like farmland can sometimes offer the best returns. In a market where the next best thing seems to lurk around every corner, it’s worth considering “going against the grain” and exploring unconventional avenues for growth. (Reuters, Leah Douglas)

??? Zoning In: Mayor Adams' Innovative Plans For the NYC Housing Crisis

New York City’s housing crisis has Mayor Eric Adams proposing a “City of Yes for Housing Opportunity.” It’s a bold plan to tackle high costs and cramped living by reforming zoning laws. The intent is to add more affordable housing in high-cost areas, legalize the conversion of vacant offices into homes, remove unnecessary parking mandates, and make allowances for garage conversions. Additionally, it advocates for transit-oriented development to permit the construction of 3 to 5-story apartment buildings near public transit. Overall, the plan aims to streamline outdated rules and increase housing options in every neighborhood.?

The initiative - set to begin the formal public review process this Spring - could have significant implications for real estate investments across the board. Allowing the transformation of vacant offices into homes and easing restrictions on housing near public transit signals a potential shift in property values and usage. Investors should keep a close eye on how these changes may impact demand for various types of properties, especially those in commercial districts and areas with underused spaces. The only constant is change and investors should stay vigilant as this plan may impact the demand dynamics for various property types, ushering in a new era in the New York real estate scene. (NYC Planning)

REAL ESTATE ROUND UP ??

Have Empty Commercial Space in 2024? Consider 10 Most Notable Alternative Uses

• Dive into the innovative trend of repurposing commercial real estate spaces! Even amidst concerns of a?market crash, we are seeing creative. transformations such as pickleball facilities and immersive art?venues,?offering inspiration for future possibilities.

Ligue 1 McDonald's! French Top-Flight to Be Renamed

• McDonald’s (a notable tenant in the QSR space) is taking over as the naming sponsor of France's top?soccer league, Ligue 1, in a $65 million deal.

New ICSC Foundation Chair Glenn Rufrano Seeds Student Conference Fund with $1 Million

• The new ICSC Fund aims to provide grants to students, enabling a diverse group of young people access to?industry education and career preparation. Rufrano heads this strong initiative to promote inclusivity and?create a level playing field for all.

Here Are 10 Inventive and Inspiring Commercial Real Estate Projects of the Past Year

• Putting the CRE in CREATIVE! Read about innovative adaptive reuse projects in commercial real estate. If?you’re an owner or tenant, you might take some inspiration for creative solutions in the market.

Dallas Area Top Target For Commercial Real Estate Investment

• Despite broader economic concerns, Dallas-Fort Worth remains resilient and attractive to CRE investors?positioning the region as a standout performer in a potentially challenging market.

Growth Within Sands Investment Group's Capital Markets Expansion ??

In November 2023, Sands Investment Group launched its Capital Markets division and welcomed Miguel Jauregui as Managing Director. The team is growing steadily with four new hires since its genesis. Jauregui expressed enthusiasm about the division’s most recent hire, John Pharr. Pharr’s background in bridge loans will serve to fill a gap in SIG’s capital markets offerings at this time.?

MARKET REPORTS????

Our commercial real estate market reports offer comprehensive insights, covering trends,?property sales, new construction, economic indicators and future forecasts.?Download now for a detailed sector analysis and current trends!

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