Exclusive Research Reveals Stable Outlook for the Multifamily Sector

Capital is continuing to flow to the multifamily sector. Despite concerns that the real estate cycle is peaking—and with high levels of multifamily construction in some metros—fundamentals have steadily improved and investment sales remain robust. Exclusive research conducted by NREI indicates that the market is likely to stay that course for at least another 12 months.

Apartments remain a favored property type among commercial real estate investors. When asked to rate the attractiveness of the different core property types on a scale of 1 to 10, survey respondents scored multifamily the highest at 7.9, but the score on industrial properties continues to gain ground. It now stands at 7.5. Hotels and office assets both scored at 5.9, while retail’s score has crashed to 4.5.

Read more from National Real Estate Investor

Rich San Francisco homeowners get sold-off street back

Residents of an exclusive San Francisco neighborhood who failed to pay taxes on their private, gated street for two decades got the street back Tuesday after supervisors voted to rescind the sale of the tax-defaulted property.

The Board of Supervisors split 7-4 on the move, with those in favor saying residents of Presidio Terrace had not received enough notice before their sidewalks, street and common areas were sold at auction in 2015.

Read more from SFGate

San Francisco homeowners want city to give back their street bought by San Jose investor

An investor scooped up one of the toniest private streets in San Francisco after its wealthy owners didn’t pay property taxes for years, a sale that the well-connected homeowners want city leaders to reverse Tuesday.

By taking up the issue, officials have sparked criticism that the city is not as fair and equitable as it claims, but a playground for the rich who don’t have to play by the same rules as everyone else. San Francisco has some of the most exorbitant property prices in the country and has become increasingly unaffordable for many people.

Read more from Mercury News

Structures podcast tackles partial stake sales, Salesforce Tower and modular housing

On this week’s issue of the Structures podcast, multimedia producer Kevin Truong and real estate reporters Blanca Torres and Roland Li dive full on into the policy wonk behind partial stake sales, which allow landlords to skirt transfer and property taxes.

The topic is the subject of a recent cover story from Roland that traces specific properties in San Francisco and the way deals are structured to save investors millions in taxes.

Listen to the podcast from San Francisco Business Times

Lafayette settles rent question, for now

A proposal to allow tenants of large apartment buildings to appeal rent increases greater than 10 percent fell one vote short.

The decision rested with Mayor Mike Anderson and council members Don Tatzin and Cameron Burks because colleagues Mark Mitchell, who owns a rental house in Lafayette, and Ivor Samson, who is indirectly tied to a firm that owns rental property in the city, had recused themselves.

Read more from the East Bay Times

Oakland rent control loophole temporarily closed

OAKLAND — For the next six months, Oakland landlords won’t be able to raise rents on properties under rent control after making repairs to them.

Oakland and San Francisco are the only two cities in the state which have “substantial rehabilitation exemptions” to rent stabilization ordinances, according to the report supporting the moratorium proposed by City Council members Dan Kalb and Rebecca Kaplan. Council members voted Tuesday to impose the moratorium on granting the exemptions.

Read more from East Bay Times

5 Ways to Vet Potential Commercial Real Estate Tenants

Don’t expect landlords to rent out their commercial space to the first tenant who puts in an offer. In many cases, landlords have a lot of variables they consider when deciding to accept an offer to lease. This can include things such as background checks, reviewing tax returns, credit reports and references or even just connecting personally with a tenant. Here are five ways to vet a potential real estate tenant.

Read more from NAI Global

Tenants Filling Up Offices In Urban Cores, Turning Away From Suburban Campuses

Suburban-urban cores chock full of amenities are proving to be popular among tenants and leasing up quickly along the West Coast.

Meanwhile, suburban offices with expansive campuses are struggling to gain tenants, especially in the Bay Area.

Read more from Bisnow

Here’s why flagship stores for retailers like Apple and Starbucks have become tourist attractions

Retailers of all kinds are trying to make their bricks-and-mortar locations more appealing to shoppers to drive traffic through the doors. At a time when companies like Amazon.com Inc. have made e-commerce the most convenient way to shop, retailers aim to make the hands-on experience of going to a store worth the trip.

Read more from MarketWatch

How Technology is Transforming Modern-Day Portfolio Management

The days of lagging portfolio information and manual data aggregation are quickly falling behind us. Large investment management firms are adopting new technologies to ensure they have asset information at their fingertips in real-time, ultimately helping them drive portfolio performance.

Read more from VTS Hightower Blog