National
JLL Launches Workplace Strategy Council
Leading suppliers in architecture, flooring, lighting, furniture and audio-visual technology will meet regularly to create solutions for best work practices.
Economy Watch: State Unemployment Rates Mostly Flat in June
Thirty-eight states and D.C. had stable unemployment rates for the month, while 10 states saw decreases and two states saw increases, according to the latest Bureau of Labor Statistics report.
Hersha Sells 3 Hotels, Acquires Westin Philadelphia
The company disposed of a portfolio consisting of three Hyatt House hotels, located in California and Arizona. The 294-key Westin Philadelphia is part of the Liberty Place mixed-use complex that also features office, retail and residential.
Trump Bump Gone, Optimism Still Prevails: RCLCO Survey
Almost two-thirds of respondents think the coming downturn won’t begin until 2019, while about a quarter believe it will be next year.
Celebrating 30: Cushman Brothers Return to Firm
We’re celebrating our 30th anniversary by highlighting some of the most significant events in commercial real estate’s history. This week: The return of John and Louis Cushman to their family’s company. Stay tuned for our weekly posts and follow along with us using the hashtag #CPETurns30.
Wyndham to Buy AmericInn Brand for $170M
The transaction includes 200 franchised hotels, as well as management company Three Rivers Hospitality. The portfolio totals 11,600 rooms and a pipeline of 23 projects.
Economy Watch: Architecture Billings Start Summer Off Strong
June marks the fifth consecutive month of design revenue growth for architecture firms, according to the American Institute of Architects’ latest Architecture Billings index.
Inland Real Estate Acquires 49 CVS Properties
Totaling 651,216 square feet across 16 states, the portfolio traded for more than $211 million. Joe Consenza, David Neboyskey and Kristin Orlando facilitated the transaction.
Uncertainty About Retailers Affecting Mall Deal Activity
In the second quarter of 2017, shopping center deal flow fell at a rate greater than any other major asset class, fueled by concerns about the changing face of retail and whether individual tenants will be able to withstand the impact of e-commerce, notes Yardi Matrix Associate Director of Research Paul Fiorilla.
West Sees Largest Investment Decline in 1Q
All regions of the U.S. saw a decline in commercial real estate investment for the first quarter of the year, according to Real Capital Analytics data, with the West and Southwest seeing the greatest decreases in transaction volume.