Regions
Economy Watch: Tech Advancement Requires More Employees, Not Fewer
Even as industries shift to more advanced, automated processes, companies still plan to increase their headcounts in the next two to three years, according to a recent ManpowerGroup report.
Erewhon Market: An Organic Approach to Retail
Erewhon’s Jason Widener and Joyce De Brevannes, together with Slated Projects CEO Yuval Chiprut, spoke with CPE about the retailer’s Millennials-focused approach and other efforts that make it competitive in today’s market.
Baum Launches New Division, Hires Chicago Managing Director
Ari Topper will lead the Chicago-based company’s office and industrial division, while Associate Tyler Dechter will provide landlord representation services.
Blackstone to Buy Gramercy Property Trust for $7.6B
The transaction will add more than 80 million square feet of high-quality industrial properties to the private equity giant’s holdings.
HqO Presents New Mobile App
The company introduced its platform at Jamestown’s Innovation and Design building in Boston. HqO’s mobile app offers tenants access to utilities, including visitor registration and parking.
Viking Expands in the Midwest
The company purchased Market at Morse in Ohio and Timbercrest at Lakeville in Minnesota. Both shopping centers have leasable space available.
How Does Labor Shortage Impact CRE?
As of January, there were 6.3 million unfilled jobs in the U.S., up 16 percent from 2017. In its report Where Are All the Workers?, JLL notes unfilled positions can lead to lower rents and increasing vacancy across property types.
Del Frisco’s Expands With $325M Acquisition
The steakhouse restaurant chain has agreed to purchase the Barteca Restaurant Group, which consists of 31 locations operating across 10 states and Washington, D.C.
SL Green Inks Full-Building Lease in Manhattan
In a deal brokered by RKF and JLL, beauty conglomerate Coty Inc. will occupy more than 10,000 square feet of retail space in the firm’s latest Times Square development.
Boston-Area Casino Trades for $10M
The 23.5-acre site originally served as a jai alai arena and was redeveloped into a casino in 2008. The new ownership plans to redevelop the property into a mixed-use development as soon as the casino relocates later this year.