Regions
Hines Snags 1.2 MSF Industrial Park in Arizona
The deal involved a 684,000-square-foot logistics warehouse and an adjacent development parcel that can accommodate a 567,000-square-foot building.
Hotel REIT Buys 3 Embassy Suites in Buckeye State
The properties in Columbus, Cleveland and Cincinnati total 782 guestrooms and traded for a combined $124 million.
CVS to Build 762 KSF Distribution Center in KC
The $110 million project is expected to create more than 360 new positions, as well as up to 100 additional jobs for outsourced local businesses in the area.
Executive of the Year Spotlight: Bob Sulentic
Nearing $11 billion in 2015, CBRE’s annual revenue has grown by nearly 70 percent since Sulentic became CEO in 2012.
Economy Watch: Job Seekers Fare Better in Tech Towns, State Capitals
NerdWallet reveals the top cities for job seekers, based on Bureau of Labor Statistics and Census Bureau data.
Economy Watch: Strong Labor Market Could Impact Office Sector
By Dees Stribling, Contributing Editor The U.S. office market is set to face a “moderate slowdown” in 2017 because of a confluence of factors, mainly due to softer tenant demand and an increase in new supply, CBRE reported in its recent outlook for the U.S. real estate industry. “Firms are finding it increasingly difficult to find qualified workers, which is reflected in the low unemployment rate… and real wage growth.” Thus, the company predicted, next year will see a lower net gain in office-using jobs nationwide. CBRE calculates that a net of 273,400 office-using jobs will be created in ’17,…
Economy Watch: Most States Enjoy Steady Unemployment Rates
Not a single state suffered an increase in its unemployment rate during the month of November, the Bureau of Labor Statistics reported.
Executive of the Year Spotlight: Katy Gnapp
Based in Chicago, Gnapp manages 13 market teams, which provide banking and advisory services to more than 2,000 real estate clients.
Top 5 Retail Space and Office Building Sales
PropertyShark compiled the top 5 sales in office and retail for November 2016 in New York City.