By Anna Spiewak, News Editor: The International Council of Shopping Centers and Jones Lang LaSalle Inc. issued a study showing that retail real estate is steadily going more global, as investors look for a yield in a post-Great Recession and recovery market.
By Robert Bach,National Director, Market Analytics, Newmark Grubb Knight Frank: As home prices are bottoming, sales are going up and housing is the most affordable it has been in nearly 40 years, now is a good time to sell your apartment property.
Hines REIT tapped Jones Lang LaSalle to help it sell its famous Williams Tower in Houston. The city landmark boasts 1.4 million square feet of office property and has been owned by the REIT for the past four years.
Next year, Mandalay Bay hotel will swan into Delano Las Vegas, thanks to MGM Resorts International and Morgans Hotel Group. The partners will bring a new theme, design and outlook to the hotel inside the resort and casino.
As the economy emerges from recession, corporations are rethinking their approach to their real estate. And UMS Advisory president Rakesh Kishan sees the changes as lasting, influenced in part by the maturation of outsourcing relationships.