Commercial property

Spain’s most expensive areas to rent commercial property revealed

The most expensive places in Spain to rent a commercial property have been revealed. Estate agents Cushman & Wakefield published their findings in their latest edition of Main Streets Across the World, a report first published in 1988 that analyzes commercial and luxury street income in 92 cities around the world. The report reveals that […]

Commercial property

Invesco signs tenant at Bay Area Life Science Campus – Commercial Property Executive

1410 Harbor Bay Drive. Image courtesy of Invesco Real Estate Invesco Real Estate has signed Exelixis as a tenant at 1410 Harbor Bay Parkway, one of six buildings on its Loop campus in Alameda, California. square feet. CBRE‘s Mark Kol, Austin Hinder and Mike Raffetto represented the owner, while Kidder Mathews‘ Gregg Domanico negotiated on […]

Commercial property

$510 million Phoenix-area project moves forward – Commercial Property Executive

Point of the Stadium. Image courtesy of Peoria City Documents The Peoria City Council has approved a tax incentive agreement for the development of Stadium Point at P83, an estimated $510 million mixed-use commercial and residential neighborhood in the Phoenix suburb of Peoria. Developped by Steinhauer Properties Inc.. the new mixed-use destination near the Peoria […]

Commercial property

Commercial real estate specialist joins Ince as a partner

Leighton Sheady Legal and professional services firm Ince has named a partner to its commercial property team. Leighton Sheady, who will be based in Cardiff, is a specialist in commercial property and has advised on the acquisition, disposal, letting and financing of commercial properties – with a particular focus on the leisure sector. His recent […]

Commercial property

Scannell Inks 1 MSF in Atlanta-Area Industrial Development – Commercial Property Executive

Rendering of the Gardner Logistics Park. Image courtesy of Cushman & Wakefield Scannell Properties signed a new lease at its 393-acre Gardner Logistics Park in Locust Grove, Georgia. An undisclosed logistics and transportation company will occupy approximately 1 million square feet in Phase III Building 1, a 1,454,520 square feet under construction slated for delivery […]

Commercial property

$5 Billion Mixed-Use Project Launches in Atlanta – Commercial Property Executive

Centennial Yards’ first two high-rise buildings, an 18-story boutique hotel named Anthem and an 18-story residential tower. Image courtesy of TVS Architecture + Design The $5 billion, 50-acre, 8-million-square-foot Centennial Yards mixed-use project in downtown Atlanta, one of the largest current downtown developments in the United States, has paved the way , its developer Centennial […]

Commercial property

Mike Collins Mortgage Broker – Can the commercial real estate sector rebound? – PR news blog

Q&A with Mike Collins Mortgage, Independent Financial Advisor We asked financial consultant Mike Collins about the challenges still facing the commercial real estate sector after the Covid pandemic and whether we can expect a rebound in 2023. Which commercial real estate sector has been most affected by the Covid pandemic? Mike: Work habits have been […]

Commercial property

BSG appoints Head of Commercial Real Estate

Jo Higham joined the Lancashire-based lawyers after her previous role as a partner at Forbes, where she worked for nearly five years. Sharing his excitement for his future with BSG, Higham commented: “I am delighted to join the BSG team, I really look forward to meeting new and existing clients over the next few weeks […]

Commercial property

How coworking creates a sense of community – Commercial Property Executive

Chris Smith, CRO, THRIVE | Coworking. Image courtesy of THRIVE | Coworking An unexpected result of the pandemic has been that it has brought people together by rekindling their sense of community. Today, people buy locally to support small businesses, they spend more time with family and friends, and they travel much less than three […]

Commercial property

SkyREM Keeps Full House at Connecticut Warehouse – Commercial Property Executive

550 Research Drive. Image courtesy of SkyREM SkyREM has signed Fosdick Fulfillment Corp. to a lease renewal at 550 Research Parkway, the real estate investor and developer’s 358,000 square foot industrial asset in Meriden, Connecticut. Fosdick has pledged to stay put at its approximately 126,800 square foot space, where it has called home since 2016. […]

Commercial property

Why Anchor Your Retail Investments With Fitness Centers – Commercial Property Executive

Brett Puckett For investors evaluating a shopping center purchase, the anchor tenant can make or break the deal. While grocery stores and big-box retailers have traditionally topped the list of ideal anchors to help attract customers to malls, another attractive option deserves investors’ attention: fitness centers. When we think of traditional multi-tenant retail stalwarts, names […]

Commercial property

Goldman Sachs JV buys Research Triangle Campus – Head of Commercial Real Estate

4021 Stirrup Creek Drive A joint venture between Goldman Sachs Asset Management and Lincoln Harris completed the purchase of a five-building, 445,000-square-foot portion of the Triangle Business Center life sciences campus in Raleigh, North Carolina The joint venture acquired the assets at 4016, 4020, 4021, 4022 and 4025 Stirrup Creek Drive from GPT, according to […]

Commercial property

Texas commercial real estate service provider targets D-FW for new growth

While some North Texas commercial real estate companies are planning cutbacks to prepare for an expected recession, one Houston-based company is expanding into Dallas-Fort Worth. Partners Real Estate, which already has operations in other major Texas metropolitan markets, has opened an office in the Uptown neighborhood of Dallas and wants to expand its business in […]

Commercial property

Sydney brownfield project example of sustainable development

Proprietary Goodman Powerhouse and Taylor Development Group are set to kick off construction of the large-scale Rosebery Engine Yards in Sydney’s south, estimated to be worth around $185 million. The 11,650 square meter site is a single-storey, large-scale ground slab and spans 1.9 hectares spanning an entire block in Rosebery. It is considered one of […]

Commercial property

Best Cities for STEM Job Growth – Commercial Real Estate Manager

Austin. Image by trudi via Pixabay.com Perennial contender Austin has topped the sixth annual STEM Jobs Growth Index (STEMdex), a ranking released by RCLCOwith the support of CapRidge Partners. The Texas capital has always been a tight labor market and currently has an unemployment rate of just 2.8%. “If you want a job in Austin, […]

Commercial property

Launch of the world’s first and largest online market for commercial properties in the UK

LONDON & WASHINGTON, November 14, 2022–(BUSINESS WIRE)–CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate markets, commercial and residential real estate market information and analysis, has launched LoopNet, the world’s largest retail property marketplace, in the UK market. The launch marks the creation of the first international online marketplace for commercial property, […]

Commercial property

DCG to lease 195 additions to KSF Nevada business center – Commercial Property Executive

420 Ingenuity Ave. Image courtesy of Dickson Commercial Group dickson Commercial Band has been appointed to provide rental services for Panattoni DevelopmentThe addition of an approximately 195,000 square foot industrial project in Sparks, Nevada. The company acquired the 11.18-acre development site in June for $2.8 million, according to data from CommercialEdge. Construction is expected to […]

Commercial property

Forward thinking priorities of CP Group – Commercial Property Executive

Brett Reese, Managing Director, CP Group. Image courtesy of CP Group The changing perspective on the workplace continues to cause owners to rethink their office investment strategies. CP group, a leading operator and owner of office space in the Sun Belt, recently launched its first flexible office location and plans to expand in this direction […]

Commercial property

Realty Income Corp. pays $128 million for Richmond facility – Commercial Property Executive

Lowe’s Richmond. Image courtesy of JLL Capital Markets Realty Income Corp. acquired Lowe’s Richmond, a 1.2 million square foot logistics facility in Richmond, Virginia. According to Richmond County city records, the company paid $127.7 million for the asset. A partnership including the developer Hourigan Groupnext to CRG, DSC Partners and Iron Tip Partners sold the […]

Commercial property

Tishman Speyer and Mitsui Fudosan America Form Industrial Joint Venture – Head of Commercial Real Estate

17 William Drive, a distribution and sorting center near Pittsburgh International Airport that Tishman Speyer acquired in December 2021. Image courtesy of Tishman Speyer Tishman Speyer and Mitsui Fudosan America have formed a joint venture to acquire, develop, redevelop and operate industrial properties in key markets across the United States, which will benefit from an […]

Commercial property

Real Capital Solutions pays $95 million for Jacksonville headquarters – Commercial Property Executive

Headquarters of the JAE. Image courtesy of Ryan Cos. The JEA headquarters building in Jacksonville, Florida, newly developed at a cost of approximately $72 million, has changed ownership. RyanCos.developer of the 153,000 square foot tower, sold the asset to Real Capital Solutions in a transaction valued at just under $95 million, according to Duval County […]

Commercial property

Rate Compression: Commercial Property CLO Issuance Falls 80% From Peak

According to DRBS Morningstar, the issuance of a new generation of real estate bonds designed to finance riskier commercial properties over short periods fell 80% from a high of $16.5 billion in the first quarter. Bonds, called CRE CLOs, are seen as a much softer version of subprime mortgage CDOs, or secured debt securities, which […]

Commercial property

Source of short-term funding for commercial real estate sees issuance fall 80% from peak

According to DRBS Morningstar, the issuance of a new generation of real estate bonds designed to finance riskier commercial properties over short periods fell 80% from a high of $16.5 billion in the first quarter. Bonds, called CRE CLOs, are seen as a much softer version of subprime mortgage CDOs, or secured debt securities, which […]

Commercial property

Commercial real estate transactions are expected to drop 20% this year

Alliance Fund has analyzed historical data on transaction volume and value, as well as the average yield offered by commercial property investment opportunities across the UK. Based on this historical market data, Alliance Fund then forecast where the sector will be at the end of 2022. Commercial real estate transactions The figures show that, overall, […]

Commercial property

Brutalist Building in Millers Point Presents Unique Commercial Property Opportunity

Investors and homeowners continue to recognize the benefits of commercial real estate as an asset class, according to realtor Shannan Whitney. Sydney Property Group co-founder BresicWhitney noted that properties offering both commercial and residential use are particularly sought after as they offer the potential for diversified revenue streams and future value-added opportunities. Showcasing a mid-century […]

Commercial property

Business seeks mixed-use zoning for residential and commercial property on STT

Photos of the initial brush clearing in February of the 5C Estate Thomas property. (Screenshot from the November 7 public hearing) Mixed-use zoning is requested by 5C-AR Holdings, LLC for parcel 5C Estate Thomas, No. 1 New Quarter on St. Thomas, for the purpose of installing residential units on the property. Currently the property is […]

Commercial property

SimonCRE plans $100 million suburban Phoenix mall – Commercial Property Director

Image by Erich Westendarp from Pixabay SimonCRE aims to build on its successful Village at Prasada retail project in Surprise, Arizona, with plans for another shopping destination, Prasada North, as first reported by Phoenix Business Journal. With a development price of $100 million, the mall will provide 350,000 square feet of retail offerings in the […]

Commercial property

Prologis will add 1 MSF to the Denver-Area industrial park – Commercial Property Executive

Prologis Park 70. Image courtesy of CBRE Prologis Park 70, in Aurora, Colorado, which already totals 5.7 million square feet of industrial space, will soon add new spaces. Prologis acquired an additional 55 acres that will allow future development of approximately 1 million square feet, CBRE announcement. Prologis acquired the land of American foods, current […]

Commercial property

NorthPoint Development to Build MSF 1.4 Target Installation – Commercial Property Executive

Image courtesy of EFAFLEX Schnelllauftore via Pixabay.jpg North Point Development acquired a four-plot site in San Antonio, Florida, which will be the future home of a Target distribution center, according to Tampa Bay Business Journal. The company acquired the 170-acre property for $59 million from Chestnut Hill Investmentspublic records show. Cushman and Wakefield marketed the […]

Commercial property

UArizona Research Center Secures $150 Million in State Funding – Commercial Property Executive

Rendered CAMI at the southwest corner of 7th and Fillmore streets. Image by CO Architects and courtesy of Arizona University of Health Sciences The University of Arizona Health Sciences Center for Advanced Molecular and Immunological Therapies (CAMI), a 10-story, 293,000 square foot building that will be the anchor of an innovation district in downtown Phoenix, […]

Commercial property

BioMed Realty Completes $80 Million Bay Area Investment – Commercial Property Executive

513 Eccles Ave. Image via Google Street View BioMed Real Estatea subsidiary of black stone which specializes in the acquisition and management of life sciences properties, has completed its $80 million purchase of an 87,991 square foot industrial building in south San Francisco, Calif., according to The Bay Area Registry. BioMed acquired the property from […]

Commercial property

Ferrero Opens $214 Million Factory in Central Illinois – Commercial Property Executive

Kinder Bueno facility. Image courtesy of Ferrero Group Ferrero North Americaa division of Italian confectioner Ferrero Group, is expanding its presence in the United States with the opening of a new manufacturing facility in Bloomington, Illinois. The development of the 169,000 square foot project will allow the company to produce its popular Kinder Bueno candy […]

Commercial property

Contiki Research Proves Travel Makes Young People Better at Their Jobs

Contiki, which caters exclusively to 18-35 year olds, has conducted extensive research to better understand the impact of travel on young people, studying a group of 2,980 respondents from around the world (with an equal number of travelers and not -travellers). The scientifically proven questions found that global travelers are 7% more likely to think […]

Commercial property

Alarm bells ringing for commercial property

Commercial real estate investors note that the market is plagued by illiquidity as buyers and sellers cannot agree on where real valuations lie – based on much higher yields. Naturally, they don’t want to declare large write-downs of their asset valuations, which would increase their loan-to-value ratios and potentially violate loan covenants. This manifests itself […]

Commercial property

First National Realty Partners enters Nevada – Commercial Property Director

Tropicana Center. Image courtesy of First National Realty Partners First national real estate partners entered the Nevada market with the acquisition of Tropicana Centre, a 586,000 square foot retail center with grocery store in Las Vegas. Graystone Capital Advisors negotiated the transaction. CommercialEdge data shows the asset last traded in 2013 for $39.8 million. The […]

Commercial property

My State MLS Partners with Crexi for Syndication of Commercial Property Listings on MyStateMLS.com

A partnership to provide new opportunities for the sale of commercial real estate JUPITER, Florida., November 3, 2022 /PRNewswire/ — My State MLS, the national multiple real estate listing service, is very pleased to announce its partnership with Crexi (www.Crexi.com) to bring My State MLS commercial listings to the Crexi Marketplace. Crexi is the fastest […]

Commercial property

Josepha Madigan forced to correct Dáil declaration of interests on commercial property she partly owned

MINISTER Josepha Madigan was forced to correct her Dáil Declaration of Interests after failing to accurately register a commercial property she partly owned. s Madigan, the Minister of State for Special Education, issued a statement on Wednesday in response to an On The Ditch article that said Fine Gael TD never declared their quarter share […]

Commercial property

Howard Hughes Corp. breaks ground on 37,000 acre Phoenix Project – Commercial Property Executive

Teravalis. Image courtesy of The Howard Hughes Corp. The Howard Hughes Company. paved the way for Teravalis, a mixed-use planned community in Buckeye, Arizona. The 37,000-acre project will eventually include 55 million square feet of commercial development in the fast-growing metropolis of Phoenix. The start of work on Teravalis, formerly known as Douglas Ranch, comes […]

Commercial property

ESG factors are crucial to driving commercial real estate growth

Will Fulton and Jamie Horton, Investment Managers, UK Commercial Property REIT In a tougher economic climate, the ESG credentials of individual real estate assets are increasingly likely to make the difference between high and low performers. We are achieving our net zero targets through a combination of careful restructuring of existing assets, selective sales and […]

Commercial property

SomeraRoad secures $74 million loan for Pittsburgh mixed-use project – Commercial Property Executive

Works on the south side. Image courtesy of JLL Capital Markets SomeraRoad has secured new financial support as it continues redevelopment activities at SouthSide Works, a mixed-use conversion project in Pittsburgh. With the help of JLL Capital Marketsthe real estate investment firm secured a $74 million loan for the planned destination of approximately 470,000 square […]

Commercial property

Prestigious RICS award recognizes the contribution of strategic advice to the success of commercial real estate

Monday, October 31, 2022, 6:10 p.m.Press release: JLL A unique combination of global experience and local knowledge resulted in JLL NZ’s strategic advisory team being named Real Estate Advisory Team of the Year by the Royal Institution of Chartered Surveyors at the 2022 RICS Awards. JLL’s head of strategic consulting, Jonathan Manns, said the award, […]

Commercial property

How DJM revamped its retail investment strategy – Commercial Property Executive

Rob Miller, Vice President of Acquisitions, DJM. Image courtesy of DJM The retail market has been on a rollercoaster ride over the past few years, and the journey is not over. Shortly after pandemic-induced restrictions evaporated and people began to return to stores and malls, the industry was once again faced with another setback: inflation. […]

Commercial property

Blairgowrie Blaze: Firefighters tackle commercial property blaze following explosions | United Kingdom | New

Firefighters were called to Emma Street in Perth and Kinross on Friday evening to report a fire at a commercial building believed to be a laundry. The fire is believed to have started shortly after 7:00 p.m. when emergency services were called to respond to the incident. An eyewitness told the Scottish Sun: “This is […]

Commercial property

Lovett Industrial breaks ground on Houston project – Commercial Property Executive

Rendering of the 610 Business District. Image courtesy of Lovett Industrial Lovett Industrial began construction on 610 Business District, a planned 113-acre business park in Houston that could include up to 1 million square feet of industrial space at full construction. Associated bank provided a construction loan with a maturity date of 2025, according to […]

Commercial property

PwC and ULI choose these CRE trends for 2023 – Commercial Property Executive

Photo of Q000024 from Images After two years of historic rental growth and record investment returns, a recession would lead to a “cleanse” and “healthy down cycle” for real estate rather than a crash. This summarizes the global perspectives of the more than 2,000 experts who were polled and interviewed for Emerging Trends in Real […]

Commercial property

Related in Talks to Expand South Florida Headquarters – Commercial Property Manager

360 Rosemary United States has just celebrated the occupancy of its second head office with the unveiling of a new sign at 360 Rosemary, the Related Cos.‘ recently completed office tower in West Palm Beach, Florida. NewDay’s move to a 53,300 square foot space at 360 Rosemary is just the start of a planned expansion […]

Commercial property

Why office loans are rare and far between – Commercial Property Executive

Lending for new office construction and acquisitions has all but disappeared in recent months. Ongoing financings are often for recently built properties in high growth markets or sub-markets. And those lucky enough to receive financing should expect tighter underwriting and a higher cost of debt. Brad Zampa “The appetite and desire for office finance as […]

Commercial property

Commercial real estate sector plans for recession

Leaders in the commercial real estate industry are bracing for tougher times – tighter lending, higher interest rates and likely a recession. There is disagreement over the magnitude of the downturn ahead. “Inflation has been high for decades and the Fed is very aggressive,” said Tim Wang, managing director of research at Clarion Partners, a […]

Commercial property

TPG closes opportunistic fund at $6.8 billion – Commercial Property Executive

Image courtesy of Tumisu via Pixabay.com TPG Real Estate has closed its latest opportunistic real estate investment fund, TPG Real Estate Partners IV (TREP IV), the company announced on Monday, October 24. The fund was reportedly oversubscribed, exceeding its hard cap and securing more than $6.8 billion in total commitments. TREP IV continues TPGRE’s series […]

Commercial property

Tech companies’ change of plans has implications beyond the commercial property market – The Irish Times

It shouldn’t have come as a surprise when LinkedIn confirmed last week that it was scaling back plans for a large European campus in Dublin. In the months since the pandemic hit, it was clear that the old way of working, where presenteeism reigned and anything less than full office presence was an aberration, was […]

Commercial property

JLL – Commercial Real Estate Manager

Image courtesy of Moerschy via Pixabay.com Just when it looked like the pandemic-induced surge in online shopping would permanently prevent the majority of American consumers from hitting the stores over the holidays, the tide turned. According JLL‘s Retail Holiday Survey 2022, most consumers are more eager to venture beyond their laptops to do their holiday […]

Commercial property

Office trends, takeaways from SIOR CREate 360 ​​– Commercial Property Executive

Aarica Mims, senior vice president and director of leasing, KDC Real Estate Development & Investments, and Jim Carman, president of Houston area, Howard Hughes Corp. With the advent of hybrid working, there are fears that corporate America is putting an emphasis on the office and the office market is in jeopardy. But many companies actually […]

Commercial property

How will your family manage their commercial property? – Orange County Registry

I heard an interesting comment on a webinar this week. My goal is to listen to at least 12 a month and supplement those views by listening to three podcasts a week. If successful, I consume between 288 and 300 hours of content each year. During each episode, I want to glean at least one […]

Commercial property

Stream buys $113 million Savannah industrial asset – Commercial Property Executive

Coastal Commerce Center I. Image courtesy of JLL Capital Markets Flow real estate partners acquired Coastal Commerce Center I, a two-building industrial campus totaling 826,250 square feet in Garden City, Georgia. A joint venture between AEW Capital Management and Strategic real estate partners sold the fully leased property for $113 million, with the help of […]

Commercial property

Analysis: Money market woes cast shadow over UK’s $1.6 trillion commercial property sector

Borrowing costs are expected to skyrocket over the next 5 years Some companies are already abandoning their fundraising plans Rents under pressure as tenants reduce their real estate needs LONDON, Oct 21 (Reuters) – Owners of Britain’s biggest shopping malls, skyscrapers and industrial hubs are facing rising borrowing costs and a recession that could push […]

Commercial property

Lovett Industrial Enters Denver Market – Commercial Property Manager

Lovett 76 Logistics Center. Image courtesy of Lovett Industrial Lovett Industrial opened the Lovett 76 Logistics Center, a 613,758 square foot industrial project in Brighton, Colorado, the company’s first industrial development in the Denver metro area. First National Bank of Omaha provided the developer with a $39.6 million construction loan, according to Adams County records. […]

Commercial property

Meridian Group’s bullish take on the director of industrial and commercial real estate

James Huckaby, Partner and CIO, The Meridian Group. Image courtesy of Meridian Group Despite inflationary pressures and a looming recession, demand for industrial space continues to be high. The outlook remains positive for the industry darling of commercial real estate, which has been the least affected sector during the pandemic as it has been boosted […]

Commercial property

The Sanctity of Fair and Square Property Taxation – Commercial Property Executive

Stephen Grant Across the country, state constitutions require property taxes to be assessed equally and consistently. And thank god for that. Without these constitutional safeguards, local tax authorities would have unlimited ability to single out individuals, types of property, or classes of landowners for taxation at a different standard, possibly taxing them. Equity trumps market […]

Commercial property

First National Realty Partners Acquires Grocery Anchored Malls – Commercial Property Executive

River City Market. Image courtesy of First National Realty Partners LLC In separate transactions, First national real estate partners LLC acquired two grocery-anchored malls: the 287,000 square foot Promenade at Manassas in Manassas, Virginia, and the 158,000 square foot River City Marketplace in O’Fallon, Missouri. Pricing and vendor(s) were not disclosed. Promenade in Manassas is […]

Commercial property

RED Development Fully Pre-Publish Phoenix Building – Commercial Property Executive

The $400 million mixed-use development began in June 2021. The Grove. Image courtesy of RED Development RED development fully leased a Class A office building within The Grove, an upcoming mixed-use development in Phoenix, prior to building completion. JLL represented the company in the leasing process and is also the first tenant to move in, […]

Commercial property

Gallagher’s Bane: Florida Commercial Property Buyers Face Capacity Shortage in 2023 | New

Residential property has captured much of the attention in the weeks since Hurricane Ian made landfall in Florida. Residential property claims will make up the vast majority of those filed in the aftermath of the storm. Of the 509,197 claims registered by the Florida Office of Insurance Regulation as of October 13, 360,927 were related […]

Commercial property

Amgen opens 245 KSF homes in South San Francisco – Commercial Property Executive

750 Gateway Boulevard Image courtesy of Amgen Amgen recently opened a new research and development facility at the 2.2 million square foot Gateway of Pacific Life Sciences Campus in South San Francisco. The biopharmaceutical giant has signed a long-term lease with BioMed Real Estateowner and developer of Gateway of Pacific, in 2019 to be the […]

Commercial property

Phoenix Retail Asset Changes Hands for $40 Million – Commercial Property Executive

A Cushman & Wakefield team represented the seller. Laveen Park Square. Image courtesy of Cushman & Wakefield Tradewinds Capital LP acquired Laveen Park Place, a 109,219 square foot retail center in Laveen, Arizona, for $40.3 million. Kitchell Corp.. sold the Class A asset, according to CommercialEdge data, with the help of Cushman and Wakefield. Laveen […]

Commercial property

DC’s $3.6 Billion Waterfront Project Completes Phase 2 – Commercial Property Executive

The platform. Image by Matthew Borkoski, courtesy of Hoffman-Madison Waterfront Hoffman-Madison WaterfrontThe development partnership behind the $3.6 billion, 3.5 million square foot waterfront megadevelopment in southwest Washington, DC, celebrates the fifth anniversary of The Wharf’s first phase and l completion of the second phase of the mixed-use complex. This week, HMW unveiled an additional 1.5 […]

Commercial property

Houston MOB Secures 40 KSF Tenants – Commercial Property Executive

The Mann Eye Institute owns the recently constructed 153,775 square foot property. Museo Institute for Medical Arts Building. Image courtesy of CBRE Cardiology practice Houston Cardiovascular Associates signed a 40,000 square foot lease at Museo Institute for Medical Arts Building (MUSEO), a 153,775 square foot medical office building in Houston. HCVA will occupy the eighth […]

Commercial property

Greenstone Properties JV completes Midtown Atlanta office tower – Commercial Property Executive

14 + Spring. Image by Brian Gassell Photography Properties of green stonein joint venture with Goldman Sachscompleted 14th + Spring, a 12-story, 324,000 square foot office tower in central Atlanta. Balfour Beatty served as general contractor. The developers inaugurated the development in 2020, with HKS leading the project’s architectural team. CommercialEdge information shows American bank […]

Commercial property

Goldman Sachs Sounds the Alarm on UK Commercial Property

Goldman Sachs has warned that billions of pounds could be wiped off the value of UK commercial property due to soaring borrowing costs following the government’s ‘mini’ budget. Bank analysts issued a grim outlook for a range of listed property companies, including Hammerson and British Land, and said they now expect UK commercial property prices […]

Commercial property

Kingsbarn JV pays $64 million for Orange County office campus – Commercial Property Executive

24411 Ridge Road Drive A newly renovated creative office campus in southern Orange County has changed hands. Kingsbarn Real Estate Capital and The Kelemen Co. acquired HERE, a five-building, 223,974-square-foot property in Laguna Hills, Calif., for $63.8 million. The joint venture of Cigna Real Estate Investors and Cruzan sold the asset with the help of […]

Commercial property

Foreign CRE Investors Weigh Opposing Forces – Commercial Property Executive

New York City Skyline. Image by ben o’bro via unsplash.com International geopolitical and economic uncertainty has strengthened the United States’ position as a port in the storm for foreign investors in commercial real estate. The third-highest year of cross-border volume in history came in 2021, when, despite ongoing pandemic angst, $62 billion was invested in […]

Commercial property

Hammes Partners to build Phoenix-Area MOB – Commercial Property Executive

Buckeye Medical Plaza will soon rise on a newly acquired parcel of land. Rendering of Buckeye Medical Plaza. Image courtesy of Avison Young The healthcare real estate investment and promotion company Partners of Hammes acquired a 4.2 acre parcel of land for the development of Buckeye Medical Plaza, a 45,000 square foot medical practice project […]

Commercial property

Why Big Tech is realigning office portfolios – Commercial Property Executive

225 Park Avenue South Big tech companies like Meta and Amazon are reducing some of their Class A office space in Manhattan and office leasing experts say it’s no surprise as they and other businesses grapple with growing economic headwinds and changing space needs due to hybrid trends and working from home. The most recent […]

Commercial property

Commercial real estate loans peak despite rising rates and pandemic

Lending to the office sector reached an all-time high, and while high-density development and subdivision debt rose 7.4% during the year, exposure to the sector declined to well below 2017 peak. “Banks are adjusting their portfolios and increasing their exposure to the industrial sector at the expense of higher risk categories such as land and […]

Commercial property

A unique commercial property is restored into a home

Photo credit: Phil Mansfield “Hearst Magazines and Yahoo may earn commissions or revenue on certain articles via the links below.” When a private residence becomes a commercial property, it can often lose its character (think stripped window trim, paint buildup on hardware, and dodgy carpeting). For the fifth year Kingston Design Connection Model Home, the […]

Commercial property

Salt Lake Suburban Office Project Launched – Commercial Property Executive

Scott Gifford and Daniel Thomas, regional partners of St. John Properties Utah, attend the grand opening of Valley Grove III. Image courtesy of St. John Properties Inc. St. John Properties Inc. continues to expand Valley Grove, the commercial real estate company’s $1 billion mixed-use business community in Pleasant Grove, Utah with the recent grand opening […]

Commercial property

California misses the mark on commercial property

California’s efforts to use commercial property for housing are not hitting the mark. Getty I will never claim to be a real estate expert; such a designation requires years of experience dealing with the challenges and opportunities (and many nuances) of the real estate market. But I know that commercial real estate often sits vacant […]

Commercial property

BOMA – Director of Commercial Real Estate

Office tenants nationwide see both more value and importance in their physical space compared to a year ago, with widespread returns to the office being stronger in some sectors than others. Yet there is widespread adoption of hybrid and fully remote work models that shows no signs of slowing down. Additionally, most people involved in […]

Commercial property

Myre Capital has raised Rs 70 crore for its latest commercial property in Bangalore

Myre Capital has raised Rs 70 cr for its latest commercial property – Vaishnavi Tech Park in Bangalore. The asset has received investment from non-resident Indians and is oversubscribed by 30%. Vaishnavi Tech Park (VTP) is strategically located at the intersection of Outer Ring Road (ORR) and Sarjapur Micro Market. ORR is the largest IT […]

Commercial property

Irish commercial property investment jumps 40% in first nine months of the year – The Irish Times

Investment in Irish commercial property jumped 40% in the first nine months of the year compared to 2021, even as the number of office spaces under construction in Dublin fell between July and September. Broker CBRE’s latest quarterly investment report says investors poured a total of 1.8 billion euros into the market between July and […]

Commercial property

Micron to Build $100 Billion Semiconductor Factory – Commercial Property Executive

Micron CEO Sanjay Mehrotra. Photo courtesy of Micron Technology A giant semiconductor manufacturing facility is coming to Syracuse, New York. After initially eyeing Austin for a potential site, Micron Technology announced plans to build a $100 billion memory “megafab” in the city of Clay, representing the largest private investment ever in the state. It is […]

Commercial property

Impact of Hurricane Ian on Insurance Rates CRE – Commercial Property Executive

Mark Hubbard, Managing Director, Gallagher USA Property and Gallagher London Property. Image courtesy of Gallagher Hurricane Ian, which hit Florida on September 28, became one of the most destructive storms in US history. High winds, storm surges and massive flooding have already caused billions in residential and commercial property damage. With rising interest rates and […]

Commercial property

Mini-Budget sends shivers down the spine of commercial real estate

Stock prices of real estate companies and builders plummet Mortgages taken off the market It’s a tough time for real estate investment trusts (REITs) and homebuilders. In reaction to Chancellor Kwasi Kwarteng’s disastrous ‘mini’ budget, Independent Living Reit scrapped a planned £150m IPO, LXi REIT (LXI) scrapped plans to buy a £500million portfolio of supermarkets […]

Commercial property

Champion Partners inaugurates the 1.4 MSF Dallas project – Commercial Property Executive

Commercial point 45 West. Rendered courtesy of Stream Realty Partners Champion The partners and Cresset The partners broke ground on a 1.4 million square foot industrial project in Wilmer, Texas, one of the largest single-building speculative developments in the state. The developers have designated Flow Immovable The partners be in charge of the rental. Tradepoint […]

Commercial property

BARDAS and Bain Capital plan $600 million studio campus in Hollywood – Commercial Property Director

Echelon Television Center. Image courtesy of BARDAS Investment Group and Bain Capital Real Estate Coming soon to Hollywood is a $600 million redevelopment of the aging facilities of the former TV Center into a modern 620,000 square foot urban studio campus featuring creative offices, studio grounds and four large sound stages. This production is brought […]

Commercial property

New California housing laws make it easier for builders to convert commercial properties: NPR

A commercial building lies empty September 19 in Citrus Heights, Calif., northeast of Sacramento. Two new laws in California will allow developers to bypass local governments to build homes on commercial land. Rich Pedroncelli/AP hide caption toggle caption Rich Pedroncelli/AP A commercial building lies empty September 19 in Citrus Heights, Calif., northeast of Sacramento. Two […]

Commercial property

Top 5 Industrial Building Sales in New York – August 2022 – Commercial Property Manager

Source: PropertyShark, a company of Yardi Systems Inc. 537-545 Sackett Street, Brooklyn Selling price: $30,366,000 The 41,050 square foot factory in Gowanus will be replaced by Majestic, a mixed-use development. Developed by a partnership including The Domain Cos., Vorea Group, Mega Development and Urban Investment Group, an arm of Goldman Sachs Asset Management, the project […]

Commercial property

California allows new housing on commercial properties

Flanked by lawmakers, housing advocates and labor leaders, Governor Gavin Newsom on Wednesday signed two bills in San Francisco that would facilitate the redevelopment of underutilized shopping malls, office buildings and parking lots into new apartments, condos and townhouses. Supporters celebrated the new laws — which require local governments to approve multifamily projects as long […]

Commercial property

MetLife Investment and Granite Properties Complete Atlanta Project – Head of Commercial Real Estate

Downtown Union. Image courtesy of Granite Properties Last week’s opening of the Kimpton Shane Hotel in Midtown Union ends the three-tower mixed-use development in Atlanta’s Midtown neighborhood. MetLife Investment Management and Granite Propertiestwo of the project’s developers made the announcement on Monday. The project’s Class AA office tower and Mira at Midtown Union residential tower […]

Commercial property

Reno Industrial Market to welcome 1.5 MSF of new space – Commercial Property Executive

Majestic Reno Commercenter. Image courtesy of Majestic Realty Co. With Majestic Reno Commercenter I, a two-building project totaling approximately 515,200 square feet, having already received a solid response, Majestic Realty Co.. is moving full speed ahead with two more speculative developments, Majestic Reno Commercenter II and III, which will yield an additional 939,100 square feet. […]

Commercial property

New fully furnished commercial property available in Newark, Texas

NEWARK, TX, September 26, 2022 /24-7PressRelease/ — If you’re looking for the ideal combination of office, warehouse, and industrial prep/production space for rent in North Tarrant County, the brand new fully furnished industrial facility of Avondale could be the right person for you. Originally built to be a hemp manufacturing plant, the 14,725 square foot […]

Commercial property

The return on investment in commercial real estate is more than residential, just take these precautions

Photo:Indian Television Commercial vs residential property Strong points In a commercial property, the tenant bears all expenses related to maintenance Real estate experts believe that the demand for commercial properties will increase in the coming days. The impact of the economy on commercial real estate is several times greater than on residential real estate. Commercial […]

Commercial property

Sale of Windsor Hills Mall, more OKC commercial property deals

Newmark Robinson Park reports these real estate transactions: ∙ Windsor Hills LLC purchased the 162,133 square foot Windsor Hills Mall, 4629 NW 23, from SDI-Windsor Hills LLC for $9,199,086. Danny Ojeda, Jim Rose, Jay Cohlmia and Michael Rapella represented the seller. ∙ Texola Inc. paid Rustic Cannibal Properties LLC $550,000 for 24.43 acres at 6305 […]

Commercial property

Vox Media’s documentary on black beauty wins SeeHer Lens Award 2022

Vox Media and Sephora’s documentary “The Beauty of Blackness” won the 2022 SeeHer Lens Award at the New York Festivals International Advertising Awards. Image provided. The SeeHer Lens Award is a partnership between New York festivals, The Female Quotient (The FQ) and ANA. . SeeHer is a collective of marketers, media organizations and industry influencers […]

Commercial property

Ocean West JV sells industrial portfolio for $905m – Commercial Property Executive

This collection of seven properties spans the Sun Belt and the Northeast. Dallas World Industrial Center – The Home Depot A joint venture comprising Ocean West Capital Partners, Tiger Alternative Investors and Real estate income completed the divestment of a logistics portfolio of seven properties totaling over 7 million square feet in the Sun Belt […]

Commercial property

Hudson’s Bay Considering a Major Mixed-Use Makeover – Commercial Property Manager

A section Lord and Taylor The building in Westfield, NJ, would be redeveloped with multiple city-owned parcels as part of a 731,000 square foot mixed-use development project with office, retail and housing aimed at revitalizing downtown. town of Westfield. Hudson’s Bay Company., the parent company of Lord & Taylor, and its real estate development arm, […]

Commercial property

How Interest Rate Rise #5 Affects CRE – Commercial Property Executive

Brian Couton. Image courtesy of Fitch Ratings Wednesday’s news that the Federal Reserve Bank raised interest rates again is hardly surprising, as the central bank has yet to see inflation slow. Despite four previous rate hikes this year in March, May, June and July, consumer prices as well as consumer spending remain elevated. The Fed […]

Commercial property

Shopoff completes purchase of 270-acre land in Arizona – Commercial Property Executive

Plans call for up to 15 buildings on this newly acquired site. Overview of the Mesa website. Image courtesy of Shopoff Realty Investments Shopoff Real Estate Investments acquired 269.9 acres of land in Maricopa County, Arizona. The land was purchased with an $81 million first mortgage provided by Mavik Capital Management. The property is the […]

Commercial property

Top 5 Markets for Industrial Construction Business – Commercial Real Estate Manager

The industrial sector continued to operate at full capacity, with e-commerce activity and fulfillment and logistics centers supplying most of the new supply brought to market. According business advantage According to the data, nearly 700 million square feet of industrial space was under construction at the end of June nationwide, representing 4% of the total […]

Commercial property

Find the Perfect Commercial Property to Rent: Hire Emil Anderson

When Looking For Commercial Property For Your Business In Kelowna, Secure A Lease Made Easy With The Experts Are you looking for a commercial property that meets your business needs? It starts with the right real estate agent, as they are responsible for getting you into the perfect location. The commercial leasing process is fraught […]

Commercial property

Where to find reliable returns in a volatile commercial real estate market – Damian Diamantopoulos

The past few months have tested the nerves of Australian commercial property investors as inflation, rising rates, recession fears and a turbulent construction environment weigh on investor sentiment. In the three months to June 30 alone, listed real estate assets fell 15.3% in the face of rising real yields, ending fiscal 2022 with negative returns […]

Commercial property

Wonderful Real Estate Inks 1 MSF Lease in Central California – Commercial Property Executive

3800 Fanucchi Road. Image courtesy of Wonderful Real Estate Development In the marvelous 1,600-acre industrial park in Shafter, California, Magnificent real estate development continues to lease facilities virtually as soon as it builds them, and the newly completed speculative property at 3800 Fanucchi Way is no exception. Wonderful recently signed a contract with a US […]

Commercial property

Buying and selling commercial property in Belgium: a guide – Real Estate

The last few years have been fruitful for investors who have diversified their real estate portfolio with commercial real estate. These investments offer better financial returns than residential properties and are generally good hedges against inflation. In Belgium, logistics real estate investments dominate the real estate market. Demand for warehousing space in the country grew […]

Commercial property

Supersize Bunnings sells for $100 million

A little-known investor has invested around $100 million in an oversized Bunnings hardware store, touted as one of the largest in the Wesfarmers-owned network. The green and red branded shed was sold along with an Amart furniture store to a company called ESCB Holdings, owned by Guirong Zhang, a caveat attached to the ownership shows. […]

Commercial property

Lovett Industrial and Cresset Partners Launch Project 1.2 MSF – Commercial Real Estate Manager

NorthPort Logistics Center. Rendered courtesy of Lovett Industrial NorthPort Logistics Center site plan. Image courtesy of Lovett Industrial NorthPort Logistics Center Groundbreaking Ceremony. Image courtesy of Rob Greer Photography NorthPort Logistics Center Groundbreaking Ceremony. Image courtesy of Rob Greer Photography A partnership between Lovett Industrial and Cresset Partners opened the NorthPort Logistics Center, a Class […]

Commercial property

CRE could face a “recession of choice” – Director of commercial real estate

Snapshot of the video conversation hosted by Marcus & Millichap A video conversation hosted by Marcus & Millichap CEO Hessam Nadji with former US Treasury Secretary Lawrence Summers, Brookfield Asset Management Partner Swarup Katuri and Kimco Realty Corp. CEO Conor Flynn revealed many insights regarding commercial real estate and the current economic horizon. Hosted hours […]

Commercial property

Endeavor Hotels and Iris Capital buy ads

Private investment groups Iris Capital and Mark Kennedy’s Endeavor Hotel vehicle have expanded their portfolios with the purchase of two regional pubs as demand for the sector shows few signs of slowing. Over the past week, veteran hotelier and former Wallaby player Bill Young continued his business overhaul with the sale of the 1,827-year-old heritage-listed […]

Commercial property

cos. Related Plans Austin Office Projects – Commercial Property Manager

One Ladybird Lake will soon rise along the downtown waterfront, while 901 South Congress will mark the company’s first mass timber construction. Related Cos. announced plans to develop two Class A office projects in Austin. An office building dubbed 901 South Congress will take shape in the South Congress District, as the company partners with […]

Commercial property

Developing the next generation of studio apartments in Los Angeles – Commercial Property Executive

Jeff Stotland, executive vice president of Global Studios at Hudson Pacific Properties. Image courtesy of Hudson Pacific It’s no secret that the pandemic has accelerated our online media and entertainment consumption, but the rise of streaming services was well underway before 2019. As one of the major entertainment hubs of the planet, California has seen […]

Commercial property

Ask the Expert: Fear vs. Flexibility – Has Hybrid Working Permanently Disrupted Commercial Ownership?

Here, Caroline Jones, head of the Commercial Property team at HM3 Legal, shares her experience on how the shift to hybrid working is changing the industry and how savvy landlords and tenants can adapt to succeed. In 2019, less than 5% of the UK workforce worked primarily from home – according to statistics from Cardiff […]

Commercial property

Denver mixed-use asset sells for $68 million – Commercial Property Executive

210, boul. of the University A joint venture between Corum Real Estate Group and Koch Real Estate Investments completed its $67.7 million acquisition of 210 University, a nine-story, 140,000 square foot office and retail building located at 210 University Blvd. in Denver, Colorado. A JLL The Capital Markets team marketed the property on behalf of […]

Commercial property

Lincoln Property, Kairoi Open $520 Million Austin Project – Commercial Property Executive

Waterline. Image courtesy of Atchain Lincoln Property Co. and Kairoi Residential recently opened Waterline, a mixed-use development that, at a planned height of 1,022 feet, will hold the distinction of being the tallest tower in the state of Texas. The 2.7 million square foot project will include, among other offerings, a whopping 700,000 square feet […]

Commercial property

Prescriptive Capital JV for the construction of a medical office project in Texas – Commercial Property Manager

Construction is expected to begin in December 2022. Rendering of the Creekside Medical Office. Image courtesy of Prescriptive Capital Normative capitalin collaboration with healthcare developers Saber Street and CBK Interestsplans to develop a three-story, 45,000 square foot medical office building in the village of The Woodlands in Creekside Park, Texas. Arch-Con Corporation will serve as […]

Commercial property

Monday Properties Acquires Office Campus – Director of Commercial Real Estate

Park Plaza I and II are located in Rockville, Md. Park Plaza I. Image courtesy of CommercialEdge Monday Properties acquired Park Plaza I and II, a Class A office complex in Rockville, Md. The two-building property comprises 266,077 square feet and marks Maryland’s first addition to the company’s portfolio. american street was Monday Properties’ partner […]

Commercial property

DH Property secures $77 million refi for Philadelphia logistics center – Commercial Property Executive

Walker & Dunlop arranged the loan for the newly built last mile facility. 9801 Blue Grass Road. Image courtesy of Walker & Dunlop Walker and Dunlop completed the $76.8 million refinancing of 9801 Blue Grass Road, a newly constructed 282,737 square foot last mile logistics facility in Philadelphia. Walker & Dunlop represented the developer and […]

Commercial property

Prudential Sells Jacksonville Tower – Commercial Property Manager

701, boul. Saint Mark. The Prudential Insurance Co. of America completed the sale of 701 San Marco, a 19-story Class A office tower located at 701 San Marco Blvd. in Jacksonville, Florida. Bradford Allen Investment Advisors purchased the property for an undisclosed amount. A JLL The Capital Markets team represented Prudential in the transaction. 701 […]

Commercial property

Main markets for office transactions in the first half of 2022 – Commercial Property Executive

Office market volatility following the global health crisis has eased somewhat in 2022, while investor confidence is stabilizing. Hybrid work models have reduced demand for traditional office space and in stabilized gateway cities the development pipeline has gradually narrowed, slowly shaping the next phase of the sector. In the first half of 2022, domestic office […]

Commercial property

12th St. Austin, Texas home listed as commercial property, city says area won’t turn into Rainey Street

AUSTIN (KXAN) — There’s a proposal circulating through City Council that seeks to revitalize a stretch of 11th and 12th Streets east of I-35. It’s called the Urban Renewal Project, and its goal is to restore the black cultural district, according to a spokesperson for council member Natasha Harper-Madison, whose district includes the area. The […]

Commercial property

Swig Co. Purchases Office Asset in West Los Angeles – Director of Commercial Real Estate

3130 Wilshire Blvd. Image courtesy of Newmark The Swig Co. of San Francisco has purchased 3130 Wilshire Blvd., a six-story, 96,085-square-foot office building in the Santa Monica submarket in West Los Angeles. Newmark represented the undisclosed seller. According to CommercialEdge, the previous owner of the property is Kilroy Realty. 3130 Wilshire has five levels of […]

Commercial property

Still grounds for cautious optimism in commercial real estate – Euan Kelly

This was demonstrated by RICS’ recent edition of its commercial property survey, which found that respondents in Scotland said a net balance of +17% of respondents reported an increase in investment inquiries in the during the second quarter of 2022, compared to +29% in the first. In the UK, 43% of respondents said they believed […]

Commercial property

Artemis’ Chudgar on CRE Market Changes and Market Evolution – Commercial Property Executive

After spending several years of her career in various companies, Anar Chudgar was looking for her next company to value diversity. In 2019, she landed at Artemis Real Estate Partners—an investment management firm founded by two women in 2009—and now serves as its co-chair, while serving on the firm’s investment committee and leading its Income […]

Commercial property

Commercial property in Howell has Route 9 frontage

HOWELL, NJ – This Howell commercial site on Route 9 is a mixed-use building, with nearly 3,900 square feet of usable space. Address: 2879 Route 9, Howell, NJ Price: $649,999 Square feet: 3,898 Ad Description: Welcome to 2879 US Highway 9 in Howell, NJ. This versatile building offers nearly 3,900 square feet of usable space. […]