JLL
JLL Chief Economist Weighs in on Hurricane Harvey
As the firm continues assessing the effects of the disaster, Ryan Severino provides an early forecast of its economic implications.
Downtown San Diego Tower Trades for $110M
Rockwood Capital is the new owner of 600 B St., a 24-story, 360,000-square-foot Class A office high-rise that covers one city block in the downtown area.
Tighter Times
Fundraising among non-traded REITs is at its lowest level in more than 13 years, and it’s likely to drop even lower this year. The expected total of $4.5 billion is potentially the lowest since the $6 billion raised in 2005, according to figures from Summit Investment Research.
The Shifting Capital Stack
After a sluggish start to 2017, investment volume and lending activity began showing signs of rebounding in the spring.
Institutional Update: New Life
Life insurance companies, long active in commercial real estate investment, have been stepping up their involvement.
NAI Hiffman Brings Two New Tenants to IL Office Campus
Legacy Professionals and Regent Surgical Health closed agreements at 4 Westbrook Corporate Center in Westchester, Ill. The total leased space amounts to more than 26,000 square feet.
World’s Coolest Data Center Coming to Norway
Kolos, a company with offices in the U.S. and Europe, has set its sights on Ballangen, a Norwegian town north of the Arctic Circle, as the location for its hyper-scale project.
Westcore Buys Vancouver Business Park for $39M
The EastRidge Business Park, consisting of 25 free-standing retail, office and light industrial buildings, marks the company’s first foray in Greater Portland.
Savills Studley Negotiates Office Expansions in Chicago
The company closed on two leases for Ryan Specialty Group and one of its subsidiaries, RT Specialty. The offices are located at Two Prudential Plaza and 500 W. Monroe.