Regions
Investors Brace for the Future: Dissecting Returns
With the peak of the CRE cycle on its way, investors’ expectations for total returns will likely not be met, argues Situs RERC President Ken Riggs. But not to fear: Solid fundamentals should keep the income component of returns stable.
Moody’s Investors Service View on US Multifamily REITs
US multifamily REITs’ net operating income growth will continue to decelerate on weakening fundamentals, notes Moody’s Investors Service Assistant Vice President Griselda Bisono.
Unlocking Real Value in Fast-Food Assets
Why a sale-leaseback strategy could prove to be the best long-term solution for both net-lease franchise owners and developers, according to Sands Investment Group Net Lease Advisor Elan Sieder.
Ascend Snags Brooklyn’s LOOK
The 81-key hotel is located in the Red Hook neighborhood, close to Brooklyn Bridge Park, Barclays Center and the Brooklyn Cruise Terminal.
SVN Sells Mixed-Use Asset at Park Place Tower
The 14,856-square-foot office and retail property is located at the ground and second floors of the tower located in Chicago’s Lakeview neighborhood.
Economy Watch: China Named Top Buyer, Seller of US CRE
One-fifth of realtors that participated in the National Association of Realtors latest survey on foreign investment in U.S. commercial real estate said they had closed a sale with an international client in 2016. They also expect increased sales and leasing activity involving foreign investors this year.
The World’s Priciest Office Markets
CBRE’s annual office occupancy costs report highlights the strengths of gateway cities around the globe, including 12 in the U.S. that were among the 50 most expensive markets.
Blackstone to Buy Stake in $630M UK Firm
BREP Europe V is acquiring a majority interest in The Office Group, which is expected to reach more than 1.1 million square feet of flexible workspace within the next 12 months.
Century City Office Asset Changes Hands
Harbor Associates shelled out $14.7 million for the property previously occupied by the Spanish Broadcasting System. The new owner plans a comprehensive rebranding and renovation program.
Jersey City Office Building Sells for $20M
Rhodium Capital Advisors acquired 600 Pavonia Ave., an 85,000-square-foot office building situated in Jersey City’s Journal Square neighborhood. The asset is set to undergo $3 million renovations.