News
MOB Portfolios Change Hands for $90M
In three separate deals, CBRE has facilitated the sale of 23 medical office buildings, 13 of which are situated in the Chicago area.
What Makes Secondary Self Storage Markets Appealing
CBRE’s Curt McCall discusses the increasing appetite for emerging self storage markets and outlines the main trends that investors and developers should keep an eye on.
Newmark Knight Frank Expands Detroit Valuation Team
The company appointed Tony Roberts as its newest senior managing director, while Chris Maharg joined the firm as senior vice president.
Marcus & Millichap Brokers Sale of IL Hotel
The buyer took out an $8.5 million loan from Citizens Community Federal to finance the acquisition of the 117-key Hampton Inn and plans to upgrade the property.
Construction Labor Continues to be Highly Sought After
Average hourly earnings in construction increased 3.3 percent year-over-year to $30.45, 9.9 percent above the average for all private-sector employees.
Talk is Cheap: Opportunity Zone Investment Remains Tepid
Restrictions and lingering questions have stalled the rush of activity that was expected when these tax-based incentives were announced.
Catalyst HRE, Bain Capital Buy Dallas MOB for $21M
The partners purchased the renovated six-story building across from Texas Health Presbyterian Hospital Dallas.
Industrial CRE Yield Compression Continues Globally
In a new study of 63 markets around the world, CBRE finds that 47 of them experienced a year-over-year decline in logistics real estate yields in 2018.
WeWork Signs 55 KSF in Manhattan Leases
The coworking firm continues a growth spurt in its hometown with three more office leases, on top of 92,000 square feet in new space commitments earlier this month.
MRP Realty Recapitalizes Downtown Philadelphia Portfolio
The company has partnered with Goldman Sachs to refinance a collection of three office buildings and a large parking garage.