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Vote: 2017 Executives of the Year
CPE has added a popular vote to the 2017 Executives of the Year awards program. Now’s your chance to help select the winners! The deadline to vote is November 13.
Slow Growth, Plentiful Promise in Fort Lauderdale
After years of dormancy in the wake of the financial crisis, office construction is finally sprouting in Fort Lauderdale, where more than 585,000 square feet of space is expected to come online by the end of the year.
Japanese Company Buys NYC Office for $468M
UNIZO Holdings purchased 685 Third Ave., a 31-story building in Midtown Manhattan, from a joint venture between TH Real Estate, an affiliate of Nuveen, and Future Fund of Australia.
L&L Holding, JP Morgan Form JV to Invest $4B in NYC CRE
The new $500 million partnership will acquire and develop properties throughout the Big Apple, with a strong focus on value-add office assets in Manhattan.
True North Expands Canada Office Footprint
The REIT paid $106.1 million to acquire five Class A buildings in Victoria, Greater Toronto, Ottawa, Halifax and Cambridge, offering a combined 492,900 square feet of rentable space.
Pop-Up Shops Going Global
The effects of e-commerce on brick-and-mortar are on the rise and players from both sides of the line are increasingly turning to popup space. CPE talked to Patrick Burkert, co-founder & CMO of Go—PopUp, about the niche’s relationship with classic real estate and about the future of the field.
Office Sector Picks Up in Miami
Miami continues to attract national and overseas attention and capital, with transaction volume topping $1 billion in the 12 months ending in July. The metro’s office inventory includes more than 51 million square feet of space and is largely dominated by Class A and A+ properties.
Allianz, Columbia Team Up on $421M DC Purchase
HFF represented seller PGIM Real Estate and procured the buyer. The 10-story, LEED Gold-certified 1800 M St., N.W., is currently 94 percent leased to 34 tenants and features below-grade parking and ground-floor retail.
EU Green Building Spendings to Reach $112B by 2026
According to Navigant Research’s new report, Europe will invest a great deal in intelligent digital building technologies to remain successful in reaching efficiency goals. Examining eight commercial building types, the study covers seven product categories.
Columbia Expands NYC Portfolio With $514M Office Buy
Neither of the buildings in the portfolio has any near-term capital needs, both being fully and attractively renovated in recent years. 245-249 W. 17th St. and 218 W. 18th St. house the headquarters of Twitter and Red Bull, along with several other tenants.