National
Celebrating 30: Mall of America Opens
We’re celebrating our 30th anniversary by highlighting some of the most significant events in commercial real estate’s history. This week: The opening of the Mall of America. Stay tuned for our weekly posts and follow along with us on social media using the hashtag #CPETurns30.
Poll: Next Hot Markets?
CPE has a new poll! We want to know what factor you think will have the greatest influence on determining the next “hot markets.”
Economy Watch Weekly: Life Sciences Driving Real Estate Demand
Economy Editor Dees Stribling discusses the top markets in which the life sciences are driving real estate demand, as well as the job numbers for June.
Economy Watch: US Office Sector Enjoys Strong Second Quarter
The property type’s performance rebounded in the second quarter, according to a recent Cushman & Wakefield report, with office space absorption hitting its highest level since the third quarter of 2016.
Nation’s Greenest Office Markets: CBRE Report
The study found that institutional owners continue to seek green building certifications across the 30 largest metros of the U.S. Of all the properties surveyed, 10.3 percent have Energy Star labels while 4.7 percent are LEED certified.
Blackstone to Acquire Leading Exhibit Space Provider
The company will be joined by Firestone Investments in the acquisition of International Market Centers. The transaction is on track to close in the third quarter of 2017.
Economy Watch: Economy Creates 220K Jobs in June
Job growth in June exceeded the average of 194,000 jobs created over the past three months, according to the Bureau of Labor Statistics latest jobs report. The April and May job numbers were also revised up.
Atlanta Property Group Nabs 1.3 MSF Office Portfolio
The six properties are located across Charlotte, N.C.; Pittsburgh, Pa.; and Orlando and Tampa, Fla. The transaction marks APG’s first investment venture outside metro Atlanta.
Jernigan Invests $50M in Self-Storage
The climate-controlled, multi-story projects will be located in Boston, New York and Knoxville, Tenn. The 3,100-unit portfolio is scheduled to come online in 2018.
Transwestern, Rivion Partner in Sustainability
Formerly Transwestern Sustainability Services, the firm will provide consulting services to commercial real estate owners, users and operators globally.