News
Economy Watch Weekly: LIHTC-Financed Housing in High Demand
A new CohnReznick report explains why properties financed by the federal government’s Low-Income Housing Tax Credit program are performing so well. Economy Editor Dees Stribling has the full report, for the week ending May 11, 2018.
Fostering Employee Longevity in Today’s Career Environment
Bill Passo, founder & CEO of Passco Cos., discusses with CPE employee longevity in the commercial real estate industry—how it’s changed and ways to cultivate it.
KBS Signs 60 KSF Leases at CA Office Park
The landlord bolstered The Towers at Emeryville’s notable tenant roster with the addition of two law firms and a software company.
Economy Watch: Retail Sales Rise 0.3% in April
Sales were also up 4.7 percent from the same month a year ago, according to the latest Census Bureau report.
The Crystal Pavilion in Manhattan Welcomes New Subtenant
Kroll Bond Rating Agency Inc. will take up nearly 100,000 square feet of office space within the building, as Meredith Corp. consolidates its New York offices in Lower Manhattan.
Choice Hotels Opens Downtown Atlanta Asset
The 104-key Clarion Inn & Suites is positioned near the city’s Mercedes-Benz Stadium and makes up part of the Russell Hospitality Campus at Castleberry Hill.
Aurora Medical Campus Reaches Full Occupancy
Children’s Hospital of Colorado has leased 105,806 square feet in the medical office building owned by Northstar Commercial Partners.
THM Nabs Tallest Office Building in Memphis
A $400 million, multi-block project takes a big step forward with the long-delayed acquisition of an 800,000-square-foot asset in downtown Memphis.
SunCap Breaks Ground on AZ Industrial Asset
Twenty-one percent of the 134,358-square-foot Gilbert Spectrum Building One has been pre-leased to SDHQ Off Road. The property is scheduled for completion by the second quarter of 2019.
Rexford Industrial Buys, Sells $136M in SoCal Assets
The standout of the three separate transactions is the addition of the fully leased, 695,100-square-foot industrial facility at 5300 Sheila St. in Commerce, near downtown Los Angeles.