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PROJECT UPDATE – November 2016

Trigild Lender Conference Raises Concerns About Economic Uncertainty, Global VolatilityKeynote_RobertGuest_Fall2016
Keynotes Provide Compelling Commentary on Today’s Turbulent Economy, Commercial Real Estate Market

A number of hot button issues dominated the 16th annual Trigild Lender Conference last week – historically low interest rates, homeownership shifts, global volatility, the oil market slump and a growing political divide to name a few – but despite the headwinds, one thing remained clear: the U.S. commercial real estate market and overall economy remain relatively healthy, at least in the short term.

“Despite constraints, the U.S. economy is sailing, and we expect the expansion to continue,” said Peter Muoio, Ph. D., executive vice president of Ten-X, an online real estate platform. “Employment is healthy, wage growth continues to pick up, household wealth continues to improve and the housing market continues its recovery.”

Yet according to most panelists and speakers the historically prolonged CRE boom strongly signals a cyclical downturn ahead. Read More

Keeping Distressed Properties Afloat
Reprinted from Scotsman Guide
October 1, 2016

When the economic fortunes of a piece of commercial real estate turn bad, receivers often step in to maintain and, sometimes, improve the property until its financial distress is resolved. Whether your client is an owner or a prospective buyer of a distressed property, it is useful to know the scope of a receiver’s duties and responsibilities.

Commercial property has had a prolonged price-appreciation period since the depths of the financial crisis. The long run-up raises the possibility of a cyclical downturn ahead and, with it, the potential for commercial real estate distress is once again rearing its head. Read More

Chandan tells Trigild Conference economy experiencing real growth
Reprinted from The Daily Transcript
October 11, 2016

Economic growth in the United States may have peaked, but is better than people realize, according to economist Sam Chandan. The associate dean of New York University’s Schack Institute of Real Estate and a partner at Capri Capital delivered the keynote address during the 2016 Trigild Fall Conference at the Hotel del Coronado last week.

Chandan said while it may not feel like a recovery for many, the economic picture is rosy.

“We are 88 months into an expansion, and the longest we’ve ever had is 120 months,” Chandan said. “More jobs are available there has ever been, [although] there has been a mismatch of skills.”

He added, however, that the growth in the economy may have already topped out in this current cycle. Read More

Trigild’s Most Recent Projects

  • Property Management for a commercial property in Rancho Cucamonga, CA
  • Property Management for a self storage facility in West Bridgewater, MA
  • Receiver for full service hotel in Tucson, AZ

Industry News

Average Office Rents Might Keep Rising Until 2018 – NREI

Lodging industry update from the floor of HX: The Hotel Experience – Hotel Management

Commercial/Multifamily Mortgage Bankers Originations to Grow by 4 Percent in 2017 – MBA

Ten-X: Industrial Sector Benefitting From Retail’s Woes – MBA Newslink

How Trump’s Presidency Could Impact Real Estate – Forbes

Economy Watch: The Nation’s Top Cost-Burdened Rental Markets – Commercial Property Executive