News
CRE Tech in the Age of Acceleration
Now in its 20th year, Realcomm gathered real estate professionals in Las Vegas to trade strategies for navigating technological innovation. CBRE President & CEO Bob Sulentic delivered the keynote address, detailing challenges and opportunities in digital leadership.
JLL Spark Forms $100M Global Venture Fund
The new vehicle will focus on tech startups that help JLL investor and occupier clients or that invent new technology-enabled business models in the company’s traditional service areas.
Chesapeake Lodging Trust to Sell SoCal Hotel for $90M
The planned disposition of the Hyatt Centric Santa Barbara comes five years after the REIT acquired the 200-key destination for $61 million.
Q&A: HPI, Hugh Horne Debut New Player in Self-Storage
HPI Real Estate’s Jon Erickson revealed HPI Horne Storage’s reason for entering the self-storage business and provided insight on the joint venture’s plans.
Duke Realty Builds 635 KSF Warehouse in Dallas
The REIT is developing a 635,000-square-foot bulk distribution facility in Flower Mound, Texas, most of which will be occupied by PPG Industries.
Rockpoint Group Buys 5-Building OC Office Asset
This transaction marks the largest office sale this year in Orange County for NKF Capital Markets, which represented the seller of the 479,450-square-foot property in Aliso Viejo, Calif.
JLL Expands Houston Office Leasing Team
Scott Fikes brings more than 14 years of industry experience to his new job. Prior to joining the company, he held positions at Avison Young and Grubb & Ellis.
Midcoast Properties Facilitates SC Storage Sale
The brokerage company represented the seller, a private owner based in South Carolina, in the transaction. The 382-unit property is located in Columbia.
Tishman Expands Orlando Hospitality Portfolio
Karlson’s Hospitality traded the three properties, which include 400 guestrooms, for $66 million. The new owner funded the acquisition with a $58.5 million loan.
Economy Watch: U.S. Economy Has More Job Openings Than Unemployed
In April, vacancies increased in durable goods manufacturing (up 33,000) and information (up 26,000), but decreased in finance and insurance (down 84,000).