CRE's Next Generation: Radco VP Lisa Hurd Is Pushing For More Women In CRE Finance

A New Jersey real estate investment trust has picked up The Home Depot's distribution hub south of Atlanta. Monmouth Real Estate Investment Corp. purchased 3150 Highway 42, a 658K SF distribution facility leased to The Home Depot Inc., for $96.7M or $147/SF. The building sits on 130 acres off Interstate 75 in…

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As the commercial real estate industry finally puts 2020 in the rearview mirror, the path forward in 2021 is far from certain — and largely dependent on how the country extricates itself from the past year's trials.

A new president has been elected, but the incumbent has refused to acknowledge defeat and promise a peaceful transition of power. Two vaccines for the coronavirus are being distributed, but the prospect of the U.S. population achieving herd immunity is months away at best and uncertain to ever happen at worst.

Still, real estate is a forward-looking industry, and those who make their bets early and decisively will likely wind up the biggest winners of an economic recovery. With that in mind, Bisnow asked experts and executives from across the industry a series of questions to get a sense of the transitional year to come.

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On 1 January 2021, the UK left the European Union with a trade agreement in place. After almost four years of uncertainty, there is now a much clearer picture of what the UK’s post-Brexit relationship with the EU will look like.

That uncertainty is widely regarded as having depressed London and UK real estate prices and volumes, with yields in London now higher than in rival European cities like Paris, Berlin and Munich, an inversion of the historical norm.

Bisnow canvassed a group of international property investors about the impact of a Brexit trade deal being reached, and while some uncertainty remains, there was a general view that prices for the best assets in the UK capital and beyond should rise to converge with those European peers. The impact of COVID-19 is still to play out in full, and riskier assets could see prices continue to fall, but with one of the key factors niggling global investors removed, London will perform relatively well in the coming months and years, the investors said. Here is how they see it. 

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Los Angeles investment fund manager and housing developer Martin Muoto is planning to raise $1B to invest in Black communities and communities of color in major urban markets.

After the summer, companies and investors across all sectors of commercial real estate — and the financial institutions that fund them — pledged billions to close the racial wealth gap and work to undo the financial legacies of systemic racism. Muoto, who is Black, said that there has been a tremendous focus on the problems of racism, and he believes people want to focus on possible solutions.

“We said, ‘OK, let's give these firms a conduit to actually do what the PR and the lip service says,’” Muoto told Bisnow.

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