Office
CBRE Survey Reveals Continued Strong Industry Fundamentals
CBRE’s latest cap rates survey predicts business as usual for all property types, but offers a few warnings, as well.
Self-Storage REITs Gain Ground
Data as of March 31, 2016. Source: SNL Financial, an offering of S&P Global Market Intelligence
Avison Young Gains Foothold in Phoenix with GPE Acquisition
The purchase of The GPE Cos. marks Avison Young’s entry into Arizona and the opening of its 52nd office in the U.S.
Healthcare REIT Expands Portfolio in $725M Deal
Physicians Realty Trust is shelling out $724.9 million to acquire 52 medical office facilities from Catholic Health Initiatives.
PECO Achieves LEED EBOM Gold for Philadelphia Headquarters
PECO’s achievement is the culmination of a $15.3 million environmental initiative to improve the sustainability of its buildings and operations across southeastern Pennsylvania.
NGKF Helps JEMB Realty Reposition 75 Broad St. in NYC
JEMB Realty has retained NGKF to handle leasing for 75 Broad St. in Manhattan’s Financial District.
Economy Watch: Office Market Gains Ground in Q1
The U.S. office market started 2016 off strong as demand for space continues to outpace new supply.
Columbia Pockets Tidy Sum on Baltimore Office Sale
Columbia Property Trust sold a 653,000-square-foot trophy office building in Baltimore for $187 million.
Rehabbed Boston Waterfront Office Sells for Reported $150M
Union Investment Real Estate GmbH reportedly paid $150 million for the office building occupied by Converse.
JLL Tapped as Exclusive Office Broker for Baltimore’s Massive Harbor Point Development
JLL’s initial efforts will focus on finding an anchor tenant for Wills Wharf, a building that will showcase 220,000 square feet of office and a 156-key Hilton Canopy Hotel.
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