Lance Cornell, P.A.

@realtybylance.bsky.social

11 months ago

Insurance Costs Double for Some CRE Owners The climb of premiums has become a real burden.

Office Insurance.
#OfficeCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Multifamily from 7% in 2018 to 14% in 2023 and retail 8% to 12% saw the worst impact. Hotel and office from 5% to 10% came close behind and industrial 5% to 7%
www.globest.com/2025/02/20/i...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

5 Reasons You Need Distinguished Hotel Umbrella Insurance | Distinguished Distinguished's Hotel Umbrella Insurance program offers high-limit protection tailored to the unique needs of hotel properties. With coverage extending ...

Hotel Insurance.
#HotelCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Distinguished Hotel Insurance program offers high-limit protection tailored to the unique needs of hotel properties. With coverage extending to over 20% of the nation’s rooms.
distinguished.com/blog/5-reaso...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Do retailers need active assailant insurance? Stores and shopping centers are increasingly vulnerable to the death and destruction caused by mass shooters in the U.S.

Retail Insurance.
#RetailCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Retailers are reckoning with the harsh reality that they've become “soft targets”.
These incidents have led companies to develop policies that support retailers.

www.retaildive.com/news/retaile...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Warehouse Liability: Know Before You Stow! As consumers continue to shift purchasing and consumption habits in the aftermath of the pandemic, manufacturers are increasingly reliant on third-party logistics and warehousing to ensure their products timely reach the market. With this increasing need to use third-party warehouses, manufacturers and distributors should take moment to refresh their understanding of warehousing law and liability.

Industrial Ins
#IndustrialCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
As consumers shift consumption habits after the pandemic, manufacturers are reliant on 3PL and warehousing to ensure products reach the market.
#BringToMarket #ItsTimeToMarket

www.law.com/2024/08/20/w...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Rising property insurance costs stress multifamily housing | Federal Reserve Bank of Minneapolis Minneapolis Fed survey finds that owners of multifamily rental housing are struggling to make ends meet as property insurance premiums increase and insurance coverage shrinks

The Struggle
#MultifamilyCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Minneapolis Fed survey finds that owners of multifamily is struggling to make ends meet as property premiums increase and coverage shrinks
#BringToMarket
#ItsTimeToMarket
www.minneapolisfed.org/article/2025...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Allianz Commercial P&C business volume grows 8% to EUR31.7bn The company also announced a EUR2bn share buyback.

Gains
#ConstructionCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Allianz's Commercial P&C segment reported full-year total business-volume growth of 7.9% to EUR32.7bn ($34.1bn) for the year to 31 December 2024
#BringToMarket
#ItsTimeToMarket
www.insuranceinsider.com/article/2eh6...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Report: Big Box Speculative Construction Slows Down - Connect CRE In 2024, the construction of new large-scale retail developments slowed significantly, with only 27 buildings of 200,000 square feet or more completed, totaling 13.5 million square feet, according to ...

The slow down
#CREConstruction
#CommercialRealEstate #CommercialDebt #CommercialInsurance
2024, the construction of new large-scale retail developments slowed, with only 27 builds of 200k sqft or more completed, totaling 13.5M sqft
#BringToMarket #ItsTimeToMarket

www.connectcre.com/stories/repo...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Space Coast Hotel Developer Secures $207M Construction Loan - Connect CRE Driftwood Capital (“Driftwood”) secured a total of $207 million in senior construction financing and Commercial Property Assessed Clean Energy (C-PACE) financing for the Westin Cocoa Beach Resort & Sp...

$200M Space Coast.
#CREConstruction
#CommercialRealEstate #CommercialDebt #CommercialInsurance
$207M in senior construction financing and C-PACE financing for the Westin Cocoa Beach Resort & Spa on Florida’s Space Coast.
#BringToMarket #ItsTimeToMarket

www.connectcre.com/stories/spac...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Two Words Define The Current Construction Situation: Uncertainty and Challenge - Connect CRE In 2024, the construction industry received “positive signals from falling interest rates and material cost stability,” according to JLL’s 2025 U.S. Construction Outlook. Fast-forwarding a few months,...

Build it.
#CREConstruction
#CommercialRealEstate #CommercialDebt #CommercialInsurance
Labor, skills shortages have been trade issues for many years. Analysts commented that “labor concerns continue to rank as primary concerns limiting construction activity.”

www.connectcre.com/stories/two-...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Insurance Costs Double for Some CRE Owners The climb of premiums has become a real burden.

Insurance.
#IOSCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
A property needed an additional 1.3% annual rent growth to maintain steady NOI and value. Properties in the worst category would see about a 12% decline in NOI and value.
#BringToMarket

www.globest.com/2025/02/20/i...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Alterra IOS Closes $189M Loan Commitment from Blackstone Mortgage Trust - Connect CRE Alterra IOS has acquired over 300 sites nationwide, today announced the closing of $189 million in financing from Blackstone Mortgage Trust Inc.

300 IOS Sites.
#IOSCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Alterra IOS has acquired over 300 sites nationwide, today announced the closing of $189M in financing from Blackstone Mortgage Trust Inc.
#BringToMarket
#ItsTimeToMarket

www.connectcre.com/stories/alte...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

NAI Hanson Arranges $156M Deal for IOS Portfolio - Connect CRE NAI James E. Hanson arranged the $156.3-million acquisition of a six-property, 48.7-acre industrial outdoor storage (IOS) portfolio located in Harrison and Kearny, NJ. The firm’s Scott Perkins, SIOR, ...

$156M for IOS.
#IOSCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
$156.3-million acquisition of a six-property, 48.7-acre industrial outdoor storage (IOS) portfolio located in Harrison and Kearny, NJ to Ambient Capital Partners.
#ItsTimeToMarket

www.connectcre.com/stories/nai-...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Industrial Outdoor Storage Is the New Hot CRE Type Industrial outdoor storage has gone from being a niche in the industrial sector to a market estimated at $200 billion.

IOS is it.
#IOSCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Industrial outdoor storage has gone from being a niche in the industrial sector often owned by small private investors to a market estimated at $200B
#BringToMarket
#ItsTimeToMarket
www.commercialsearch.com/news/why-ind...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Hosp-risks.
#HotelCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Hotel property insurance cost around $495 per available room in 2019; through August of this year, the cost had increased by almost $200 to around $683.
#BringToMarket
#ItsTimeToMarket

www.costar.com/article/2424...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Deal activity: February 4-11, 2025 Among the noteworthy deals of the past week was HSL Properties’ acquisition of two hotels in Mesa, Arizona, from Power Hotel Group for $50.25 million.

Traded.
#HotelCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Among the noteworthy deals of the past week was HSL Properties’ acquisition of two hotels in Mesa, Arizona, from Power Hotel Group for $50.25M.
#BringToMarket
#ItsTimeToMarket

www.hotelinvestmenttoday.com/Deals/Transa...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Hyatt to Expand International Footprint With $2.6B Resort Purchase The move would provide a boost to its luxury offerings.

$2.6B Resort.
#HotelCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Hyatt made a huge acquisition to expand international presence and boost luxury offerings. Today, they announced plans to acquire Playa Hotels & Resorts for $2.6B #BringToMarket

www.globest.com/2025/02/10/h...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

US Hotel Investors Bullish as 94% Plan to Maintain or Increase Investments This is up from 85% of investors who had the same plans last year.

Bullish.
#HotelCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Hotel investors are increasingly positive about the direction of the market, with 94% saying they expect to maintain or increase their investments this year
#BringToMarket
#ItsTimeToMarket
www.globest.com/2025/01/31/u...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

How to Optimize Commercial Lines Insurance for Your Business in 2025 - Skyscraper Insurance The landscape of small-to-medium commercial insurance has experienced steady growth in recent years. With global property and casualty premiums growing at an annual rate of 6-8% since 2018, the commer...

Realty risk.
#BTRCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
The landscape of small-to-medium commercial insurance has experienced steady growth. With global property and casualty premiums growing at a rate of 6-8% since 2018
#BringToMarket
skyscraperinsurance.com/how-to-optim...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Purpose-Built SFR Communities Catch the Eye of BTR Operators Both starts and completions of SFR units have increased this year.

40k in 50k out.
#BTRCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Starts and completions have increased with notable inventory growth across the Sunbelt. More than 40k BTR units were started during Q1 of 2024, up 24%.
#BringToMarket #ItsTimeToMarket

www.globest.com/2024/10/23/p...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Developer Duo Building Space Coast BTR Community - Connect CRE A developer team of Stellar Communities and Adam America Real Estate is joining forces on a build-to-rent community in Palm Bay, Florida (Space Coast MSA). A JLL Capital Market’s team of Max La Cava, ...

$52M BTR
#BTRCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Stellar Com and Adam America joined forces on a BTR community in Palm Bay(Space Coast MSA). JLL Capital Market’s arranged equity and a $52M construction loan for 266-units
#BringToMarket

www.connectcre.com/stories/deve...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Invitation aims to buy up to $1B in houses in 2024 The single-family rental owner is also looking to expand its new third-party management business.

$1B in 2024.
#BTRCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Invitation Homes plans to expand its portfolio of 80k rentals with $1B in acquisitions in 2024, as stated in its Q4 earnings call on Feb. 14. Next earnings call Feb. 27 11AM.

www.multifamilydive.com/news/invitat...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Mangrove Property gets approval to begin writing home insurance in Florida Find out what the latest property insurance provider has to offer

New insurer.
#OfficeCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Stephen Weinstein has launched a new Florida-domiciled insurance carrier, known as Mangrove Property Insurance, with plans to assume thousands of policies.
#BringToMarket www.insurancebusinessmag.com/us/news/prop...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

$100 SqFt
#OfficeCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
“Class A Brickell rates rise, increasing by 5.7% y-o-y to $101.76 psf,” the Q4 office report from CBRE. Colliers’ put those Class A asking rates at $95.20
#BringToMarket

www.miamitodaynews.com/breaking/top...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Up 20%.
#OfficeCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Office building sales volume increased to $63.6 billion last year, according to MSCI data. That’s a 20% increase from 2023.
#BringToMarket #SellingAndSourcing
#Q1 #2025 #ItsTimeToMarket

www.globest.com/2025/01/29/o...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Increasing Downtown Activity Points to Market Revival But could take 18 years for office to transition into a new post-pandemic normal.

The revival
#OfficeCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Since 2021 1.1M applications have been filed and 160k businesses have been created in food service and accommodations a large percentage are in downtowns
#BringToMarket #ItsTimeToMarket
www.globest.com/2025/01/22/i...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

6 Commercial insurance trends to follow in 2025 Some risks are still difficult to insure, even with increased capacity.

Market stability?
#RetailCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
As 2025 gets started, commercial property and casualty insurance lines seem to be mostly headed for stability, according to USI’s 2025 Outlook.
#ItsTimeToMarket

www.propertycasualty360.com/2025/01/13/6...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Big Three Retailers Dominate Market Growth This is frustrating for smaller operators competing for space.

Dominators
#RetailCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
29M sqft leased in the quarter was 33% below the 10yr avg, it was due to its scarcity for prime retail. “Retail demand for new space outpaces other sectors
#BringToMarket
#ItsTimeToMarket
www.globest.com/2025/01/06/b...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Expanding Retail Brands See Opportunity as Other Retailers Close Northmarq expects store openings to exceed the anticipated number of closings in the coming years.

Out with the old.
#RetailCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
A wave of bankruptcies and closures in the retail sector give way to a brighter future as other brands across industries look to expand.
#BringToMarket
#ItsTimeToMarket

www.globest.com/2025/01/08/e...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

What’s in Store for Retail in 2025? The latest Commercial Property Executive outlook dives into the key retail trends that will shape the industry this year.

Retail in 2025
#RetailCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
1 of the key retail trends is, necessity-based retail, with resilient grocery-anchored centers meeting the demands of evolving demographics.
#BringToMarket
#ItsTimeToMarket

www.commercialsearch.com/news/retail-...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

2025 global insurance outlook The insurance industry is transforming, driven by new tech, tax laws, and expectations: Being innovative, agile, and customer-centric can help it navigate complexities and bolster goodwill.

Insurance in 2025.
#IndustrialCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
P&C achieved a $9.3B underwriting gain in the Q1 of 2024—a significant recovery y-o-y at $8.5B loss in 2023.
#BringToMarket
#ItsTimeToMarket
~
www2.deloitte.com/us/en/insigh...