Featured
Investors Cash Chips in Las Vegas
Apartment construction slowed in 2016 to 2,000 new units, likely because of oversupply of single-family home rentals. But development looks promising, with more than 4,500 units under construction, according to Yardi Matrix.
EMMES Nabs OC Towers in $220M Value-Add Deal
The property marks the firm’s third acquisition in the Orange County market, although the company exited the region in 2015, when it sold 4000 MacArthur in Newport Beach.
Equinix Wraps Up $3.6B Data Center Deal
The company now owns more than 175 International Business Exchange assets totaling roughly 17 million square feet across 44 markets in the Americas, EMEA and Asia-Pacific.
Marriott Expands Modular Construction Initiative
The hospitality giant hopes to utilize the prefabrication process on roughly 13 percent of all deals for the region this year, which would be an industry first in North America.
Philadelphia’s Apartment Revival
With developers ramping up construction, multifamily demand remains strong, as the city continues to attract both Millennials and Baby Boomers looking to downsize.
Office Outlook Positive for 2017
We’re still witnessing a ‘flight to quality’ mentality among tenants, but vacancy rates are inching higher as new deliveries are outpacing demand, according to JLL’s most recent study.
Mitsubishi Affiliate Launches First US Development Fund
Diamond Realty will use a total equity of $51 million to finance two multifamily projects in Texas and Colorado, as well as a logistics building in California.
HTA Shells Out $2.8B for Duke Realty Portfolio
The nation’s largest owner and operator of medical office buildings will become even larger with the acquisition of 78 health-care properties totaling 6.1 million square feet.
Boston’s Power
Investor and tenant demand remains healthy in the city’s multifamily market, even as rent growth decelerates after peaking in mid-2016.
CPE’s Top 5 April Articles
Miss out on any CPE stories in April? Here are five of our most popular articles for the month, including an analysis of the industrial sector and news on Brookfield’s $855 million portfolio acquisition.