Regions
CPE’s Top 5 Articles in August
Miss out on any CPE stories in August? Here are five of our most popular articles for the month, including our ranking of the 2017 Top 50 Property Managers and a post on why department stores closures may not be so bad for retail real estate owners.
Economy Watch: Economy Creates 156K Jobs in August
Job growth was not as impressive in August as in previous months, but some sectors affecting the real estate industry saw job gains, according to the Bureau of Labor Statistics latest jobs report.
All Eyes on Core in Cleveland
The growing number of renters looking to live near work, transportation, retail and entertainment options, coupled with limited housing supply, is stimulating rent growth.
NAI Hiffman Negotiates Lease Renewal for 3M
The 410,400-square-foot build-to-suit is located in Dekalb, Ill., and has had 3M as single tenant since 2007, when it was finalized.
San Francisco Union Square Asset Trades for $69M
The seven-story property located in the Union Square district of San Francisco houses retail tenants on the first and second floors and multiple office tenants on the remaining floors.
Morgan Buys DC Portfolio for $509M
The company’s purchase of the Mark Center portfolio, consisting of nearly 2,700 apartment units and a 63,000-square-foot retail center, is one of the largest transactions in Virginia.
PA Launches Green Tower Expansion
The Pennsylvania Housing Finance Agency’s 40,000-square-foot expansion in Harrisburg is incorporating Passive House principles to target net-zero energy consumption and LEED Platinum certification.
Home Depot-Anchored Retail Center Trades in Phoenix
PASSCO Cos. sold the Laveen Village Marketplace to Litwin Management. The 56,747-square-foot asset sits within the Phoenix-Mesa-Scottsdale Metropolitan Statistical Area.
Capital One Shells Out $46M for Office Campus Acquisition
Earlier this year, U.K.-based AstraZeneca sold its U.S. headquarters in New Castle County to an affiliate of Delle Donne & Associates in a deal valued at $50 million, or $48.47 per square foot.
Economy Watch: Most Metros Enjoy Low Unemployment
Of the 388 U.S. metro areas, 340 had unemployment rates that were lower in July than a year earlier, according to a recent Bureau of Labor Statistics report.