Cushman & Wakefield
Economy Watch: US Office Sector Enjoys Strong Second Quarter
The property type’s performance rebounded in the second quarter, according to a recent Cushman & Wakefield report, with office space absorption hitting its highest level since the third quarter of 2016.
Economy Watch: Food & Beverage Sales May Help Ailing Shopping Centers
Restaurants and other eateries account for more than 20 percent of units in new and redeveloped shopping centers in mature markets, according to a recent Cushman & Wakefield report. This trend will likely continue as consumer spending on eating out is expected to grow over the next decade.
Thorpe Predicts Continued Expansion
We are well into the economic cycle, but that’s no reason to be scared, according to Kevin Thorpe, chief economist for Cushman & Wakefield Inc. There may be more growth to come.
Avison Young Taps New Managing Director
Highly regarded industry veteran David Jewkes has more than 25 years of commercial real estate management and transaction experience.
Phoenix Offices Trade for $82M
JLL worked on behalf of TR Camelback Corp. to secure the sale of two office buildings in the heart of the Camelback Corridor. Goldman Sachs’s subsidiary Archon Acquisition purchased both properties.
Tysons’ 2000 Corporate Ridge Fetches $39M Financing
PCCP arranged the senior loan for the purchase and renovation of the 261,910-square-foot office property. The repositioning will include the addition of a fitness center and multiple modern conference rooms.
Phoenix-Area Shopping Center Fetches $23M
Sterling Org. acquired a 107,633-square-foot shopping center anchored by Safeway. The property’s high-profile tenants include The UPS Store, Nationwide Vision, GNC and FastFrame.
2017 Most Powerful Brokerage Firms
The firms that topped the CPE-MHN 2017 Most Powerful Brokerage Firms ranking had strong investment sales and leasing activity, as well as sector diversity or specialization.
Three Companies Ink Subleases in Fort Lauderdale
Health insurance provider Garrett Laughlin will relocate from its current home on East Broward Boulevard, while auto parts seller WBR Group and law firm Adams and Reese will open their first offices in the city.
Amazon Web Services Creates 1.5K Jobs in VA
The cloud services division of Amazon.com will take over the 406,855-square-foot Class A building at 13200 Woodland Park Road in Herndon, Va. One Dulles Tower features 406,855 square feet of office, 3,500 square feet of retail and a 10,000-square-foot data center.