The Real Deal recently put out a television advertisement that airs during commercial breaks on CNBC, MSNBC, Fox Business News, Bloomberg TV and NY1. But don’t wait to come across it by chance on one of those networks, get a sneak preview here — and see which industry bigwig says she “love[s] to look at real estate through The Real Deal.” TRD
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The level of commercial and multi-family mortgage debt that was outstanding grew by 0.1 percent in the second quarter of the year, marking the first quarter-over-quarter increase since the third quarter of 2009, according to a report by the Mortgage Bankers Association.

There was $2.4 trillion in combined outstanding commercial and multi-family mortgage debt outstanding in the second quarter, $3.5 billion more than in the first quarter. Multi-family increased by $3.9 billion or 0.5 percent to $802 billion.

“For the first time in a year-and-a-half, new commercial and multi-family mortgage originations outpaced the paying off and paying down of existing loans,” said Jamie Woodwell, MBA’s vice president of commercial real estate research. — Katherine Clarke [more]

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From the May issue: Hotel sales accounted for nearly 45 percent of the dollar volume in commercial deals from mid-March to mid-April of this year, despite the completion of just a single deal: the sale of the Helmsley Hotel at 212 East 42nd Street to Starwood Hotels and Resorts, which plans to brand the building a Westin. That deal followed a quiet previous four weeks for hotel deals, when just $43.87 million worth of hotel transactions closed. As usual, multi-family sales were the most frequent in the commercial segment, responsible for 14 of the 30 commercial deals consumated between March 11 and April 10. Click here to see the full Deal Sheet summary. TRD [more]

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From the April issue: Retail sales accounted for nearly $331 million worth of commercial sales, as tracked by The Real Deal’s Deal Sheet in its April issue. That’s more than a three-fold increase from March’s $105 million worth of retail sales. Most of the deals made, however, were of the multi-family variety, as they accounted for 15 of the 39 commercial sales recorded between Feb. 11 and March 10. Click here to see the full Deal Sheet summary. TRD Comments

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New York City office rents will grow even stronger for the remainder of 2011 and the city will reclaim its number one ranking among the nation’s office markets, commercial real estate firm Marcus & Millichap suggested in a report released today. Similar to reports by Colliers International and Cassidy & Turley released yesterday, Marcus & Millichap indicated that job recovery, which will include 45,000 new office-using positions, combined with just 1.2 million square feet of new construction in New York City (more than half of which stems from Two Gotham Center in Queens) will push rents up at least 5 percent this year. [more]

Honolulu

From the February issue: For those New York real estate professionals suffering from seasonal affective disorder, here is this month’s most unwanted news flash: The commercial market in Honolulu (yes, that Honolulu) has emerged as a rival to New York City — at least when it comes to a few key statistics. According to Moody’s CMBS index released last month, the New York Metro area scored a 77, ranking it second-best among the 56 cities tracked, behind — you guessed it — Honolulu, which scored an 81. “It is like the 90-pound weakling beating the world champ,” said Mike Hamasu, director of consulting and research for Colliers Monroe Friedlander in Honolulu and a native Hawaiian. [more]

From the January issue: Manhattan’s commercial market bounced along the bottom for much of the last 12 months. But the start of the New Year brings fresh signs that landlords, even in the lagging Downtown market, are gaining back some of the leverage they lost over the past two years.
Both Midtown and Midtown South are beginning 2011 with good news — the availability rate has declined by over 2 points in the last year and the average asking rents have risen. And in Lower Manhattan, the only district of the three where the availability rate remains higher than it was one year ago, brokers reported signs that landlords are winning back some leverage. [more]

From the December issue: It’s the French to the rescue — sort of. In the largest lease deal of the year, Paris-based financial firm Societe Generale last month agreed to take up to 560,000 square feet at 245 Park Avenue, moving east from offices on Sixth Avenue in Rockefeller Center. And also last month, Natixis, a Paris- and Boston-based money manager, signed a 16-year deal for 182,200 square feet on the third, fourth and fifth floors at 1251 Sixth Avenue. A source said the actual starting rent was $59 per foot, and included $60 per foot in landlord improvements and 12 months of free rent. [more]

Peter Hauspurg of Eastern Consolidated

The Manhattan commercial real estate market is on the rise, according to Eastern Consolidated, which released its third-quarter market report today. Sales volume during the first three quarters of 2010 hit $9.4 billion, already surpassing activity during all of 2009, the report shows, when just $5.8 billion worth of transactions were completed. This is due in part to improving employment across the five boroughs — the report shows that 19,000 private sector jobs were added in the third quarter. Although the report said it’s too soon to be “sounding the trumpets,” Peter Hauspurg, Eastern’s chairman and CEO, said there’s reason to feel optimistic. “At this time last year, we could barely see the light at the end of the tunnel,” Hauspurg said. “But this quarter’s statistics confirm that we are now clearly out of the tunnel.” TRD

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From the August issue: Sixteen different food and beverage businesses signed leases in Manhattan between June 11 and July 10, according to The Real Deal’s monthly retail lease report.

The fashion industry retailers, meanwhile, nabbed the most square footage during that time, according to the report, snapping up 81,700 square feet. The food and beverage industry was a close second, leasing up 79,415 square feet. Click here for more. TRD

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