Regions
Economy Watch: Roundtable Survey Offers Mixed Outlook
By D.C. Stribling Commercial real estate executives are optimistic on the whole about the economy and the real estate market in 2018, but express some caution about 2019, according to the Real Estate Roundtable’s Q1 2018 Economic Sentiment Index. Released late last week, the index is based on a survey of 47 named executives and experts, as well as other anonymous participants. The Roundtable’s Q1 2018 Sentiment Index came in at 54, a one point increase from the last quarter of 2017. The Current Conditions Index, at 57, represented an increase of four points from the previous quarter. The Future…
Capstone Equities Snags Little Tokyo Office Asset
Charles Dunn Co. negotiated the sale of the 55,000-square-foot building that serves as the Federal Public Defenders’ Los Angeles office.
AECOM, Luis Vidal to Design Boston Airport Project
Boston Logan International Airport’s Terminal E will undergo an intensive remodeling program. The winning architecture firms envisioned an energy-efficient project, featuring a distinctive roof.
Baker Botts to Lease 103 KSF in DC’s Anthem Row
The law firm has signed a 17-year lease at 700 K St. at Anthem Row, Meridian Group’s four-building redevelopment project in Washington, D.C.’s East End.
Economy Watch Weekly: Household Formation, Retail Sales Trends
Changing household formation patterns bring far-reaching implications, especially for the multifamily sector. Hear about the latest trends, as well as projections for 2018 retail sales, in Economy Editor Dees Stribling’s roundup for the week of Feb. 9. 2018.
Bedrock to Redevelop Former Detroit Police HQ
The company teamed up with a subsidiary of Syncora Guarantee Inc. for the project and aims to preserve the building’s historic character.
Jernigan Continues Self-Storage Investment
The company has invested nearly $12 million in a proposed 813-unit storage facility in Minneapolis. The project is slated for completion by the second quarter of 2019.
Hanley Investment Negotiates Sale of Sacramento School
Located in one of the fastest growing submarkets in the area, Merryhill Schools comprises more than 20,000 square feet. Hyland Investment Properties Inc. represented the buyer.
Uber Leases Full Floor at Manhattan’s 1400 Broadway
The company will occupy 34,600 square feet, the entire 12th floor of the building. The property still has 225,638 square feet available for lease.
Optimizing Environmental Due Diligence in CRE Transactions
Environmental and engineering expert Dan Spinogatti outlines considerations to improve assessment of environmental risk to keep real estate deals on time and on budget, during the Mortgage Bankers Association CREF/Multifamily Finance conference in San Diego.