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  • Corporate

    The Golf Channel hit a hole in one with the revitalization of part of its Orlando campus. The channel turned to Walker Design LLC to create a high-functioning, multi-use space within a 1,200-square-foot area. The space holds conference and training areas plus a genius bar. It has fully integrated audio/visual technology, integrated writable surfaces for informal gatherings and multiple movable seating options that can house 150 occupants. The floor and ceiling patterns reflect lively, pixelated textures to contrast with and balance the static walls. Photography by Chad Baumer Photography.

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  • Healthcare

    UCHealth Longs Peak Hospital in Longmont, Colo., was designed by EYP Health to be an expandable, site-adaptable inpatient chassis that UCHealth could use at other locations. The new 210,000-square-foot hospital provides more than 50 inpatient beds and room to expand to more than 100. The hospital features an intensive care unit, operating rooms, a Level III trauma center and emergency department, advanced cardiac services, a birth center with a Level II special care nursery, a surgery center and 24-hour retail pharmacy, lab and imaging services. Photography by Jim Roof.

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  • Education

    Do football facilities engender championships? Clemson University believes so. The 2016 National Champs invested $55 million in a new 142,500-square-foot facility designed by HOK. The Allen N. Reeves Football Complex further elevates Clemson’s program and promotes the recruitment, training and development of student-athletes. The facility is adjacent to Clemson’s Indoor Football Practice Facility and the existing outdoor practice fields, bringing all football activity into close proximity allowing for more efficient daily operations. Photos courtesy of HOK.

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Corporate

The McMorrow Corporate Facilities Management Report presents news, information, feature articles, conferences, and products and services for commercial/corporate facility executives and administrators, property managers, and specifiers including architects, designers, and engineers charged with maintaining the workplace for optimal productivity, functionality, and retention of the workplace professional.

The McMorrow Corporate Facilities Management Report presents news, information, feature articles, conferences, and products and services for commercial/corporate facility executives and administrators, property managers, and specifiers including architects, designers, and engineers charged with maintaining the workplace for optimal productivity, functionality, and retention of the workplace professional.

Healthcare

The McMorrow Corporate Facilities Management Report presents news, information, feature articles, conferences, and products and services for commercial/corporate facility executives and administrators, property managers, and specifiers including architects, designers, and engineers charged with maintaining the workplace for optimal productivity, functionality, and retention of the workplace professional.

Government

The McMorrow Corporate Facilities Management Report presents news, information, feature articles, conferences, and products and services for commercial/corporate facility executives and administrators, property managers, and specifiers including architects, designers, and engineers charged with maintaining the workplace for optimal productivity, functionality, and retention of the workplace professional.

Sustainable

The McMorrow Corporate Facilities Management Report presents news, information, feature articles, conferences, and products and services for commercial/corporate facility executives and administrators, property managers, and specifiers including architects, designers, and engineers charged with maintaining the workplace for optimal productivity, functionality, and retention of the workplace professional.

CBRE: U.S. lending market conditions remain favorable

CBREHigh investor confidence, attractive equity markets and positive economic indicators have contributed to favorable commercial real estate lending market conditions in Q1 2017, according to the latest research from CBRE.

While the fairly dramatic increase in long-term interest rates that occurred in late Q4 2016 continued into early Q1 2017, its impact on commercial real estate markets has been fairly limited, especially given the more recent decline in Treasury rates.

The CBRE Lending Momentum Index, which tracks the pace of U.S. commercial loan closings, fell by 14.3% in Q1 2017 to 228. Despite this decline, March 2017 lending activity was up by a robust 25.2% year-over-year.

Life companies led all other major lenders in Q1 2017 and increased their share of loans closed by CBRE Capital Markets. They accounted for more than 37% of non-agency commercial loan closings in Q1 2017, up from 34% in Q4 2016, and well above their 27% share recorded in Q1 2016.

While banks maintained their standing as the second most popular lending group in Q1, their market share slipped substantially to 25.5% of loan volume, down from 43% a year earlier. Many key bank interest rates and spreads have not been materially affected by the recent increases in Treasury rates. However, bank construction lending remains limited and banks are selective in granting loans.

“Borrowers generally are optimistic as the U.S. commercial real estate lending market remains favorable despite the Fed’s policy of raising short-term interest rates and the possibility that long-term rates will resume their climb after leveling off in recent weeks. Life company, agency and non-bank lenders are active in the market and have new allocations to place mortgages in 2017. CMBS lenders have successfully tested new risk-retention deal structures with the promise of providing needed liquidity to the marketplace, and private equity funds have raised record amounts of “dry powder” capital to deploy for equity restructuring, new construction and bridge deals. And credit spreads remain tight, allowing borrowers to take advantage of low all-in mortgage rates,” said Brian Stoffers, Global President, Debt & Structured Finance, CBRE Capital Markets.

CMBS lenders have incrementally improved their share of closings over the past year, as the loan pricing environment has become more favorable and issuers have created structures to satisfy risk-retention requirements. However, CMBS continues to lag other major lending groups by a considerable margin. CMBS lenders accounted for 15.8% of non-agency lending volume in Q1, up slightly from their 11.7% share a year earlier.

The “Other” lender category, which includes REITS, private lenders, pension funds and finance companies, continues to play a significant role in providing a variety of bridge, permanent loan and construction financing. They accounted for 20.7% of non-agency volume in Q1, down slightly from 24.1% in Q4 2016.