News
Hines, Oaktree Sell 2 Buildings in Utah’s Silicon Slopes
NGKF represented the sellers of South Towne Corporate Center, a 262,219-square-foot property located near Salt Lake City’s CBD. A partnership between EverWest Real Estate Partners and Independencia Asset Management bought the property.
Economy Watch: Jobs, GDP Still Expanding
Automated Data Processing and the Federal Reserve Bank recently released reports indicating strong economic growth is continuing in the U.S.
Atlanta, Nashville Gain as Workers Flock to the Southeast
Southeast markets claimed eight of the top 10 positions in the Bureau of Labor Statistics February job growth rankings. Yardi Matrix Analyst Justin Dean takes a deeper look into why these markets are attractive for workers right now.
A Closer Look at FASB’s Latest ASU
BDO’s Julie Valpey and Brandon Landas discuss the key changes and impact of the Financial Accounting Standards Board’s latest update on real estate transactions.
Net Lease Cap Rates Stable in Q1
Investor demand, especially from private sources, should keep the net lease market active in 2017, noted The Boulder Group President Randy Blankstein. But the effect of interest rates on cap rate volatility will remain a primary focus for net lease participants this year.
Friedman Sells Michigan Office Building
The commercial real estate services provider represented both the seller, Nicholas Development Company Inc., and the buyer in this transaction. Mark Van Den Branden LLC purchased the 6,500-square-foot property in Warren, Mich.
Odyssey Nabs Sin City Office Building
One of the two identical buildings located at City Center West traded for $12.9 million. Odyssey intends to undergo major renovations at the 106,700 square feet office property.
Hill Country Galleria Completes Major Facelift
The $16 million renovation, which includes a new covered pavilion, is complemented by the addition of several new tenants.
Marriott Breaks Ground in Springwoods Village
Slated for completion by November 2018, Marriott City Place Hotel at Springwoods Village will be the first full-service hotel within the 2,000-acre master-planned community.
Keller Williams Moves to New Nob Hill Office
Following last year’s merger with Brown & Co., the company continues its rapid growth with the opening of a larger office in San Francisco, which marks its third office in the city.