National
Celebrating 30: The Rise of CMBS
We’re celebrating our 30th anniversary by highlighting some of the most significant events in commercial real estate’s history. This week: The birth and rise of CMBS. Stay tuned for our weekly posts and follow along with us on social media using the hashtag #CPETurns30.
Economy Watch: Office Occupancy Rising Fast in Some U.S. Markets
Several major U.S. cities made CBRE’s top 20 list of the markets with the fastest-increasing office occupancy costs worldwide, including Houston, Midtown-South Manhattan, Denver, Chicago, among others.
JLL Adds New VP to Its Smart Building Team
In his executive role, Yann Palmore will provide advisory services and will develop strategies to help clients implement data-driven solutions into their commercial real estate portfolios.
Workforce Trumps Location in Industrial Site Selection
Access to skilled employees has moved to the top of the list for manufacturing tenants looking for space, knocking the location factor out of first place, according to the latest CoreNet report.
Investors Revamp Playbook to Capture Yield: PGIM
While investors have largely focused on putting their capital in core assets in primary markets since 2010, they are starting to target markets offering more attractive yields and stronger growth opportunities, according to PGIM Real Estate’s 2017 Global Outlook.
NAR Promotes New CEO
Current Senior Vice President Bob Goldberg succeeds Dale Stinton, who is retiring after having served as CEO for 12 years.
Economy Watch Weekly: Not All Retailers Feeling E-Commerce Impact
While electronics and clothing retailers are seeing a portion of their sales moving online, e-commerce has yet to gain traction in some other retail categories, according to a recent CBRE analysis.
Construction Industry Backlog Up
The amount of construction work under contract but not yet completed rose to nine months, according to the Associated Builders and Contractors latest Construction Backlog Indicator, implying expanding demand for construction services, or a shortage of construction labor in a few markets.
AHIP Closes $407M Hotel Portfolio Purchase
The Canadian REIT is the new owner of the Eastern Seaboard Portfolio, a collection of 18 Marriott and Hilton properties in Maryland, New Jersey, New York, Connecticut and Pennsylvania.
Office of the Future
Don’t wait to design a better performing workplace. With the cubicle farm a thing of the past, all the resources you need are available here and now.