Regions
Economy Watch Weekly: US Economic Growth to Slow in 2019
Fannie Mae’s Economic and Strategic Research Group recently revised down its forecast for U.S. economic growth in 2019 and beyond. Economy Editor Dees Stribling discusses the reasons behind the less optimistic view, for the week ending May 25, 2018.
CRE Challenges: A Look at Current Retail Issues
Foley & Lardner attorney Kim Ashby talked to Commercial Property Executive about the impact of key economic trends on the retail climate and what the future may hold for brick-and-mortar businesses.
Blackstone Sells NYC Office Tower for $640M
The company found a buyer for the 683,000-square-foot 5 Bryant Park in Midtown Manhattan with the assistance of JLL and HFF. JLL also arranged $463 million in acquisition financing.
Meridian Capital Lines Up $105M for SoCal Office Refi
An affiliate of J.H. Snyder Co. used the funds to refinance the 11-story SAG-AFTRA Plaza building along the Miracle Mile in Los Angeles.
Madison Marquette, PMRG to Merge in June
The two companies, both part of Capital Guidance, have complementary geographic areas of operation, and each has been involved in high-profile projects in recent years.
Cabot Properties Picks Up $16M Philly-Area Warehouse
The roughly 174,000-square-foot warehouse is currently fully occupied by a single tenant and includes an urban infill site. The location allows for immediate access to three interstates.
Retail Leaders Share Strategies for Change
Marcus & Millichap’s annual Retail Trends panel, held during RECon, addresses the opportunities and challenges posed by a sector going through rapid transformation.
Economy Watch: Memorial Day Weekend Travel Up This Year
More than 41.5 million Americans will travel this holiday weekend, according to AAA, which bodes well for hotels, restaurants and other tourist-related real estate.
Philadelphia-Area Distribution Facility Trades for $13M
CBRE brokered the sale and leaseback of the roughly 291,000-square-foot industrial property in Pennsburg, situated one hour away from downtown Philadelphia.
Core Philly Asset Scores $13M Refi
The 24-story hotel and residential tower is situated in Center City. Meridian obtained the loan from a balance sheet lender.