the Editors of Commercial Property Executive
Bringing Creativity to CRE
With a purposely creative approach to development, Silverback Development—and Josh Schuster—are names you’ll likely hear in industry circles for decades to come. CPE recently spoke with Schuster about his company, its projects and the non-profit he founded 12 years ago.
Will Lenders Roll Out the Welcome Mat for Hotel Investors?
Insights on what’s ahead for the hospitality sector in the capital markets, from a finance veteran and president of the Continental Partners mortgage banking firm.
Single-Tenant Net Lease Volume Down in 1Q
Single-tenant net lease transaction volume hit $12.9 billion in the first quarter of 2017, down from $18.8 billion in last year’s fourth quarter, according to Real Capital Analytics data.
Economy Watch: Washington State Has Healthiest Economy
A recent WalletHub report ranked the 50 states based on economic health, which affects commercial property growth. Washington state took the top spot, followed by California, Utah and Massachusetts.
J Street Welcomes Industry Veteran
Mike Balaban joined the Washington, D.C.-based company as development executive. Previously, he headed Lowe Enterprises’ non-hospitality East Coast activities.
Historic Boston CBD Asset Trades for $75M
The 179,872-square-foot office asset last traded four years ago. The value of the property increased by more than 45 percent since then.
The Highest Taxed Buildings in America
The fact that Manhattan dominates the rankings doesn’t come as a shock, but the difference in numbers might. The list compiled by COMMERCIALCafé is quite the mixed bag.
Investment
The industrial sector had the smallest price per square foot, at $81,000, but increased by 4 percent over the first quarter of 2016.
Caves Valley, Greenberg Gibbons Team Up in Maryland
The companies are investing $350 million in the construction of a 1.2 million-square-foot project that will bring office, retail, luxury residential, student housing and a hotel to downtown Towson.
The May digital issue of CPE is now available!
The May 2017 issue offers a focus on the retail sector, including insights on the fate of shopping centers, lenders’ outlook on the single-tenant net-lease market, a roundtable of prominent retail executives, and more!