Tom’s Recommended Reading for the Week
- CMBS Late-Pays Tick Down – The delinquency rate for CMBS has been caught in a tug of war between old and new deals. However, Trepp LLC says the late-pay rate saw a decline of one basis point in April after holding steady in March. “The delinquency rate has been bumping along for the last few months, as two competing forces keep it fairly level,” says Joe McBride, research associate at New York City-based Trepp... Globe St.
- Instagram’s Role in Commercial Real Estate – Instagram, which has become the preferred social-media tool for many New York residential real-estate brokers, is beginning to show up more in the commercial real-estate brokerage business as well. Commercial firms and brokers remain much heavier users of Twitter and LinkedIn for such things as leads, contacts and recruiting… Wall Street Journal
- Investors targeting office properties in Chicago, Columbus, Detroit and other Midwest markets – The Midwest commercial real estate market continues to heat up. Office product, in particular, is performing well. And while prices are up in markets across the country, investors are increasingly targeting the Midwest as a source of great value and quality opportunities. At a time when big coastal markets have seen prices recover up to (and in some cases above) pre-recessionary highs… RE Journals
- Schaumburg planning to redevelop much of Motorola site – As Motorola Solutions prepares to downsize its longtime corporate campus in Schaumburg without disappearing from the suburb altogether, village officials are making plans for the land the tech company will leave behind. Schaumburg’s planning, building and development committee… Daily Herald
- US drives Y-O-Y Sale Gains – Fueled partly by a record quarterly high in cross-border investment, US commercial property sales volume was up 49% year over year for the first quarter, Real Capital Analytics said Thursday. The $114.4 billion in domestic sales accounted for more than half the Q1 global total of $207.8 billion… Globe St.