National
Economy Watch: State Unemployment Rates Mostly Stable in October
Compared with the month before, jobless rates were lower in October in 12 states and higher in only one state, according to the Bureau of Labor Statistics’ latest jobs report.
Reducing Energy Consumption in CRE: ULI Report
The Urban Land Institute’s Greenprint Center for Building Performance just released Volume 8 of the Greenprint Performance Report, which indicates that commercial building owners and managers are making significant progress in decreasing energy consumption, water usage and carbon emissions.
Co-Working Creeps into Corporate Property Strategy
At the ULI Fall meeting in Los Angeles, panelists identified emerging trends in the modern office environment, emphasizing shorter-term use arrangements to give companies flexibility in how to manage both people and properties.
Blackstone to Lead Cloverleaf Recapitalization
Wells Fargo Securities served as financial advisor and Katten Muchin Rosenman LLP served as legal advisor for the cold storage warehousing and food logistics company during the transaction.
Hotel Construction Pipeline for US, Africa, Middle East: STR Report
The hotel market data and benchmarking firm’s October 2017 Pipeline Report saw some slowing in the U.S. hotel construction, with cities like New York, Houston, Los Angeles and Seattle seeing year-over-year decreases in construction of hotel rooms.
Has US Office Investment Recovered from the Financial Crisis?
A decade after the financial crash, COMMERCIALCafé analyzed the U.S. office investment realm, identifying the key markets, players and lending trends that characterized activity in this sector from 1997 to 2017.
Summit to Buy Four Hotels for $164M
The company expects to spend approximately $7 million to $9 million in capital improvements over the next two years. This off-market transaction will bring Summit’s year-to-date acquisition activity to nearly $600 million.
Most Expensive High Streets in the World: C&W Report
The global real estate services firm released the 29th edition of its “Main Streets Across the World” report, which tracks 451 of the top retail streets, ranking the most expensive in 68 countries by their prime rental value.
New Rules May Spell Big Changes for Banks, Borrowers
The implications of U.S. bank regulators’ newly proposed rules for risk classification of acquisition, development and construction (ADC) loans, according to Avison Young Principal Jay Maddox.
Dark Store Theory: Pros, Cons of a New Tax Strategy
Some big-box retail owners finding it difficult to re-tenant their assets are proposing a new way for tax assessors to value their properties. Stan Johnson Co. Senior Director Brad Feller and Associate Blaise Bennett dissect the concept.