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Top 5 Office Markets for Vacancy Rate Growth
Metro-level vacancy rates increased by as much as 530 basis points, more than double the national average.
Amazon to Open New Fulfillment Center in Florida
The online retailer’s expansive new facility in Auburndale, Fla., will measure more than 1 million square feet.
JV Wraps Up Construction on Facebook-Leased San Francisco Tower
Park Tower at Transbay has set a record with the largest single lease deal in the city’s history.
Apple Breaks Ground on $1B Austin Campus
The purveyor of iPhones expects to open the sprawling, 3 million-square-foot office project in 2022.
CRE Industry Preps for New EB-5 Regulations
The U.S. government’s modernization of the immigrant investor program goes into effect tomorrow with new rules—most notably, an 80 percent increase in the investment minimum.
LaSalle Launches Real Estate Fund in Japan
The private open-ended core real estate fund started with six assets and $560 million of equity commitments from Japanese investors.
AEW Capital, Meritex Take $107M Stake in Industrial Portfolio
The newly formed partnership also plans to acquire $125 million in properties over the next 18 months.
Safehold Inks $180M Manhattan Ground Lease Agreement
The Third Avenue property located close to Grand Central Station has undergone capital improvements since 2004.
World’s Highest Retail Rents in 2019
Hong Kong’s Causeway Bay secured a second year at the top of Cushman & Wakefield’s 2019 “Main Streets Across the World” report. The city’s retail market has changed during the third quarter, however.
Hilton Brings Micro-Hotel Brand to Atlanta
The upcoming 146-key property will offer affordable, flexible suites as part of an $80 million mixed-use development.