News
Yardi Matrix: Denver’s Transformation
Once among the leading metros in rent growth, Denver has started to cool off as a result of the heavy development pipeline and issues with affordability.
Special Report: How Rate Hikes Will Affect CRE
The Fed’s move shouldn’t harm investors’ appetites for assets, but more buyers may start looking for deals with shorter-term leases and frequent resets.
MME Group Expands Its Maplewood Manufacturing Center
The company is adding 10,000 square feet of space to its existing manufacturing center.
Bixby Land Co. Acquires $33M Office Complex in Portland
The four-story, 185,729-square-foot office campus was 96 percent leased at the time of the sale.
Economy Watch: Fed Raises Interest Rates for the First Time in 2016
The FOMC raised the federal funds rate for only the second time in two decades, citing an improved U.S. economy that will likely continue its moderate growth.
NYC’s 441 Ninth Ave. Lands Two New Owners, Makeover
A partnership between Cove Property Group and Baupost Group paid $330 million for the 423,000-square-foot building.
First Pier-Top Office Building Planned for DC
The 28,000-square-foot structure will be part of The Wharf, Hoffman-Madison Waterfront’s transformative, $2 billion mixed-use project.
Gemini Rosemont Grabs Suburban Seattle Office Park
The three-building, 480,400-square-foot campus last traded in 2004 for $134 million.
Hudson Pacific Expands Presence at Stanford Research Park
The company acquired a $150 million leasehold interest in Page Mill Hill, a five-building office campus located within Stanford Research Park in Palo Alto, Calif.
Citigroup Nabs Class A Tampa Office Park
The asset is home to approximately 5,600 Citi employees, who serve in a variety of different functions, including client services, finance, human resources, and legal and risk services.