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How Does the Live/Work/Play Shift Impact Office Trends?
So-called “urban-suburban” submarkets that offer mixed-use developments are in the best position to capture demand from occupiers and investors looking to leave CBDs, according to the latest CBRE market report.
Oil Prices, Supply Still Influence Houston’s Market
The outlook for Houston’s multifamily sector will stay cloudy as the market continues to show signs of instability, mostly due to negative rent growth and decreasing occupancy in the upscale Lifestyle segment.
Lowe, Partners Kick Off $300M Culver City Development
Co-developer AECOM Capital and an investment vehicle sponsored by Rockwood Capital are also part of the Los Angeles-area transit-oriented project.
NKF Closes Sale of 15-Story East Bay Office Asset
Situated in a prime transit-oriented location, the Class A tower is located in a rapidly transforming submarket, adjacent to the Concord BART station.
Blackstone Buys Majority Stake in Massive Portfolio
The $35.2 billion worth of real estate properties and loans will be transferred to a new company that will be co-owned by the New York City-based firm and Banco Popular.
Eastern Kentucky Lands $1.3B Aluminum Plant
The 2.5 million-square-foot facility is slated to break ground in early 2018. The Ashland area beat out 23 other potential locations.
London Mixed-Use Building Commands $237M
Tishman Speyer sold 100 New Oxford St., an office and retail building totaling more than 106,000 square feet, to a joint venture between Thor Equities and AEW.
Toyota, Mazda Alliance to Yield $1.6B North America Plant
The two car giants’ new agreement calls for the joint development of a manufacturing facility that would begin producing vehicles in the U.S. in 2021.
Panama Canal Expansion Lifts Coastal Markets: JLL
The $5 billion development has provided a boost to the nation’s ports, where vacancy rates for industrial space are at record lows and rents are climbing, according to a new JLL report that notes the majority of new construction will be at East Coast and West Coast seaports.
JLL Lends a Hand in Iconic NYC Hotel Sale
Highgate and the Rockpoint Group are the new owners of the 168-key Royalton in the heart of Midtown Manhattan.