National
Phillips Edison Adds 600 KSF to Its REITs
Acting on behalf of its two real estate investment trusts, the company acquired six grocery-anchored properties in various transactions.
Trinity, Oaktree Form $3B Hotel JV
The partners will focus on high-quality, value-add hotels in a handful of markets around the world, including Hawaii, California, Mexico and Japan.
Economy Watch: U.S. Suburban Office Markets Rebounding
Walkable, transit-oriented and amenity-rich office spaces in suburban markets are becoming increasingly in-demand by tenants, according to Avison Young’s mid-year office report. Landlords are responding by retrofitting and updating their properties.
Economy Watch Weekly: Consumers Go Shopping in July
Economy Editor Dees Stribling discusses the surprising boost in retail sales for the month, and which categories fared better than others.
Economy Watch: Consumers Feeling Good This Summer
The University of Michigan’s latest sentiment survey reveals that consumer confidence in August reached its highest level since January, indicating a positive overall outlook for the U.S. economy.
2017 Top Owners Survey
Don’t miss out on the chance to participate in the CPE-MHN 2017 Top Owners Survey! The information you provide will determine which firms have the best owned property portfolios.
Blackstone to Buy Energy MLP Specialists
The group is acquiring Harvest Fund Advisors, an independent investment management firm with more than $10 billion in assets under its umbrella.
Economy Watch: Internet Sales Keep Climbing
By D.C. Stribling Since the dawn of Internet commerce, seasonally adjusted sales using that platform have moved in one direction: up. That trend continued in the second quarter, the Census Bureau reported on Thursday, with U.S. retail e-commerce sales up 4.8 percent compared with the first quarter. (Unadjusted Internet sales tend to bottom out in the first quarter and peak in the fourth, like all retail sales.) Year-Over-Year Jump As usual, the bureau adjusts for seasonal variation, but not for price changes, which have been fairly modest in recent years. Altogether, second-quarter Internet sales totaled $111.5 billion. That’s also a 16.2…
CBRE Global Buys 25 Medical Office Buildings
The 1.4 million-square-foot, 10-state portfolio will be operated by the seller, a joint venture of Kayne Anderson Real Estate Advisors and MBRE Healthcare.
Mixed Signals: Will Deal Volume Pick Up in the Second Half?
At the beginning of 2017, many forecasters predicted a robust performance for office investment, even in the face of political and economic uncertainty. Though industry veterans maintain an upbeat outlook, signs for the rest of the year are not all promising.