News
BGC’s Acquisition of ARA to Drive NGKF’s M-H Growth
The acquisitions of ARA and its members representing substantially all of ARA’s revenues are expected to drive significant growth for NGKF within the multi-housing capital markets space.
Hooray for Holiday!
Experts in the retail sector of the commercial real estate industry believe it’s going to be a good holiday season–a really good holiday season. They can practically smell it.
Mixed Use Project in Line at Former Flea World Site
Sanford’s Flea World site facing US Highway 17/92 and Ronald Reagan Boulevard at County Home Road is up for a major redevelopment if the Seminole County Government approves the owner’s application to convert Flea World and additional parcels totaling 118 acres to a mixed use development comprising single family homes, apartments, office and retail space.
Atlanta Tech Village Completes 103,000-Square-Foot Facility
Atlanta Tech Village has recently announced the build out completion of a 103,000 square foot building in Buckhead. The recently finished building offers members – or Villagers as they call themselves – event and meeting spaces totaling 10,000 square feet, 50 individual coworking desks, 63 private offices and 44 multi-room suites. It has the capacity to house up to 800 individuals.
McPier Greenlights $564M McCormick Place Hotel and Events Center in Chicago’s South Loop
The Chicago Metropolitan Pier and Exposition Authority, also known as McPier, recently announced it has awarded the contract for a hotel and events center at McCormick Place to Prairie District 3 Partners.
Rockspring Capital Acquired Land Parcel in Leander
Located northwest of Austin, Leander is seeing an increased development activity thanks to the flourishing business segment in Austin. This attracted Houston-based Rockspring Capital, a privately-owned real estate investment firm, to acquire a 28.44-acre land parcel. The price of the transaction has not been disclosed.
Zillow Expands to 270 KSF at Russell Investments Center, Seattle
Zillow Inc. is going through a growth spurt so the company is adding a lot more elbowroom to its national headquarters with the expansion of its lease at the Russell Investments Center in downtown Seattle.
September Improvement
By Jessica Cavallero and Deegant Pandya Delinquency rates in Standard & Poor’s-rated U.S. commercial mortgage-backed securities (CMBS) declined in September 2014. The delinquency rate dropped 14 basis points month over month to 6.79 percent, offsetting two consecutive months of increases. A decrease in newly delinquent loans and the steady pace of property liquidations contributed to the previous month’s positive performance. Overall, Standard & Poor’s CMBS delinquency levels have declined across the major CMBS property types as a result of improving commercial real estate market fundamentals and ongoing liquidity in the refinance market. We expect an uptick in loan defaults and…
Long-Term Durability
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
