Regions
CBRE Bolsters East Bay Office Leasing Practice
Office veterans Trent Holsman and Scott Greenwood have joined the firm’s Oakland office from Colliers International as senior vice presidents in advisory and transaction services.
Avison Young Scores Retail Assignment for Manhattan Asset
Executive Managing Director Jedd Nero will lead a five-member team in leasing some 60,000 square feet of retail space at Two Herald Square in Midtown Manhattan.
Economy Watch: More Americans Traveling for July 4 Than Ever
The hospitality sector and, to a lesser extent, the retail sector are set to benefit from record 44.2 million Americans expected to travel during the 2017 Independence Day holiday period, according to an AAA forecast.
ULI Announces New Global Chairman
Toomey has been a longtime ULI member, trustee and Foundation governor and will serve a two-year term ending in 2019.
Blackstone to Buy Retail REIT for $650M
The group is expanding its footprint in Asia with the acquisition of Croesus Retail Trust, which owns a portfolio of 11 shopping malls in Japan.
Six Drivers for Tomorrow’s Hot Cities
While U.S. gateway cities will continue to be popular, many investors and developers will shift into second-tier and interior markets during the next decade.
Friedman, Forest City Sign Retail Lease at Central Park Station
Sprouts Farmer’s Market is set to open in the fall of 2018. The mammoth transit-oriented development will also include office space, a multifamily community, mixed-income condominiums and 60,000 square feet of retail space.
Merger of Drugstore Giants Changes Course
Under the new $5.2 billion deal, Walgreens Boots Alliance will purchase 2,186 stores from Rite Aid Co., along with three distribution centers and related inventory.
JLL Inks 38 KSF at Boston’s Lafayette City Center
Dell Technologies-owned VMware Inc. leased 37,948 square feet of the recently redeveloped 615,000-square-foot office building. The company plans to move in September 2017.
LA: Affordable Housing Wanted
Continued improvement in the area’s job market and a steady household creation maintain rent growth in contrast to the nationwide cooling trend, Yardi Matrix data shows.