Regions
LA City Council Support Does Not Secure Win for Measure S
by Ioana Ginsac The Rise of L.A. According to Colliers International research, the Los Angeles Basin office market is the third largest in the country, behind NYC and the Greater DC area. As of the third quarter of 2016, it stands at 300 million square feet, of which only 11% is in Downtown L.A. and the rest is scattered in the wider metropolitan area. Los Angeles is seeing a development growth rivaled only by the 1920’s. While the so-called construction boom is not limited to office construction, this is concentrated mostly in the Downtown, West and Central L.A. areas. Most…
TH Real Estate Pledges to Reduce Global Portfolio Energy Use
The commitment responded to and modeled its own goals for sustainable real estate after those established at the 21st annual Conference of Parties (COP21) held in Paris in September 2015.
Marcus Partners Expands New Jersey Footprint
The company plans to implement a $7.6 million improvement program at its newly acquired 230,000-square-foot office building in Morristown.
Economy Watch: Nonresidential Project Planning Sees Uptick in February
Dodge Data & Analytics Momentum Index rose for the fifth consecutive month, suggesting construction activity will continue to grow in 2017.
Cushman & Wakefield Reveals New Canadian HQ
The workplace spans two floors and features movable walls, focus rooms outfitted with soft seating, as well as collaboration spaces with touchscreen smart boards.
Hyatt Enters Spanish Market with Madrid Hotel
The 159-key hotel is housed in a 1920s office building on Gran Via.
Lincoln Harris to Market Planned Charlotte M-U Building
3441 South Blvd. will feature 24,000 square feet of office space, as well as 12,000 square feet of ground-floor retail.
Jernigan Capital Closes $62M in Self-Storage Investments
The development commitments are located in Georgia, Texas, Louisiana and Florida.
MCR Completes Renovation of Hilton Hotel in Ohio
The hotel operator installed new carpeting, TVs, beds and chairs throughout the entire Hampton Inn Toledo-Perrysburg.
Economy Watch: Big Box Industrial Strength to Continue in ’17
Fundamentals for the property type are exceedingly strong, particularly in core markets, and there is still plenty of room for growth this year, according to a new Colliers International report.