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Top Retail Strategies for This Holiday Season
Mobile commerce, discounters, more pop-ups and warehouse space—these are the four key factors that CBRE identified as this year’s Christmas season preferences among shoppers. Clients want omnichannel access and enhanced consumer experiences.
Orange County Gives Its Best Performance
At the end of the first half of 2017, the metro reached its lowest vacancy rate since the recession, continuing the previous year’s positive net absorption streak.
JLL Secures $75M for Denver-Area JP Morgan Acquisition
The seller was Blackstone, on whose behalf JLL Capital Markets had completed the sale. Deutsche Bank provided the five-year, floating-rate loan.
Clarion Partners Sells Hotel Portfolio for $135M
The collection of Courtyard by Marriott properties, totaling more than 1,900 guestrooms across nine states, is now under the ownership of Toronto-based Skyline Investments.
Mastercard Leases Midtown South Office Building
The credit card company will lease the full 212,500-square-foot New York City building and turn it into an expanded technology hub. L&L Holding is set to finish a major modernization and re-envisioning of the property before Mastercard’s move-in.
CRE Predictions: Past & Future
In this final installment of a special series marking CPE’s 30th anniversary, industry leaders reflect on prophecies that came true, some that didn’t and what’s ahead.
New Boston Fund Sells $145M Multifamily Asset
With the help of HFF, the company sold the 21-story Tower at One Greenway to PGIM Real Estate for more than $660,000 per unit.
Downtown Seattle Office High-Rise Changes Hands
Union Investment sold the 20-story Millennium Tower, which also includes high-end condo residences. The property last traded in 2003, for $64.8 million.
NYC Garage Portfolio Commands $50M
Kamber Management Co. added three prime condominium-based facilities to its collection. The properties are fully leased to Icon Parking Systems.
Lightstone Lands $260M Refi for Times Square Hotel
Goldman Sachs provided the refinancing for the 612-key Moxy Times Square, which made its debut in September of this year.