News
Economy Watch: CRE Prices Up in March, Except Industrial
Gains in four of the five property segments were enough to outweigh a 0.5 percent decline in the industrial pricing, according to Ten-X’s March Commercial Real Estate Nowcast.
The April digital issue of CPE is now available!
Now you can get trend and strategy insights two different ways: Leaf through the Commercial Property Executive digital digest for a quick read; or click on individual articles below for an in-depth look at the topics that most interest you.
Manhattan Office Landscape Stands Steady
Midtown South and Chelsea are adding firms in the technology, advertising, media and information industries, while some financial companies ponder a shift to Hudson Yards, where more than 10 million square feet are expected to come online over the next few quarters.
WeWork Leases SF Office Tower
The coworking space provider has signed a deal with Kennedy Wilson and Takenaka Corp. to fully occupy 430 California St., as well as the historic bank building next door.
Bay Area Life Sciences Campus Lands $385M Refi
HFF worked on behalf of Phase 3 Real Estate Partners to arrange the refinancing of Genesis North and South Towers, two Class A buildings in South San Francisco, Calif.
High Street Realty Buys Chicago Industrial Portfolio for $86M
JLL’s Capital Markets team facilitated the transaction, which included 11 institutional-quality, value-add properties totaling nearly 1.2 million square feet.
SCG America Opens SoCal Hotel
The newly renovated building is home to the 132-key DoubleTree by Hilton and sits within a short drive of California State Polytechnic University and a major conference center.
Economy Watch: Consumer Sentiment Hits 14-Year High
Despite some uncertainty about the impact of proposed trade tariffs, U.S. consumers were more optimistic in March, according to the University of Michigan’s latest report.
Realty Executives International Appoint New President
Patrick van den Bossche brings 30 years of experience as a C-suite executive to the new position, having managed fast growth, start-up and next-growth companies.
How Are Driverless Cars Reshaping CRE?
Autonomous vehicles are expected to impact commercial real estate on several levels, from design to new development opportunities. Partner Engineering and Science’s Joe Derhake zeroed in on the extent of these effects.