Business Specialties
Economy Watch: CRE Must Use Tech Better, Deloitte Contends
The rise of RE fintech, automation and the talent crunch are among technology-related issues that demand attention from decision-makers, the consulting firm contends in its 2018 real estate industry outlook.
Economy Watch: Industrial Assets Attract Offshore Investment
The asset type has attracted nearly $61 billion in cross-border investment into the U.S., according to a recent CBRE report.
PacSun Global HQ Building Changes Ownership
The 181,000-square-foot, build-to-suit office building will continue to serve as global headquarters for Pacific Sunwear. This is Hines and Oaktree’s ninth acquisition in the North Orange County submarket.
Amazon’s Quest for HQ2 Broadens
Will it be Chicago? Irvine? Canada? According to a 2017 study by Development Counsellors International, survey respondents choosing the three most favorable U.S. business environments placed Texas first with 42 percent.
DivcoWest Breaks Ground on 45-Acre Mixed-Use Project
The company is re-launching the long-proposed Boston development site now known as Cambridge Crossing. In addition to office space, the development will have retail shops, an 11-acre public park and as many as 2,400 residential units.
Drury Buys Land for Future Arlington Hotel
Transwestern arranged the sale of a nine-acre site at Lincoln Square West. Drury will develop the first full-service, 268-unit hotel in North Arlington.
Port 10 Logistics Center to Break Ground in Baytown, TX
Pontikes Development will break ground on a 3 million-square-foot speculative warehouse and distribution park near Port Houston. The project will be built in phases, with the first one slated for delivery in the third quarter of 2018.
Velocis Annexes Two Sugar Creek to Its Office Portfolio
The 143,000-square-foot office development, located in one of Houston’s best markets for office occupancy, was 85 percent leased at the time of the transaction.
Asian Investors Flock to Downtown LA
Mega-luxury projects are taking shape in the area, helping revitalize the city. But some executives at the 2017 ULI Fall Meeting expressed concern about the potential for oversupply.
Keeping CRE Sustainable
CPE and Kingsley Associates ask tenants what they think of their green efforts and what can be improved.