Real Estate M&A Reaches New Peak
CHARLOTTESVILE, VA—With the Marriott/Starwood merger, Blackstone's takeover of BioMed Realty Trust and the combination of Weyerhaeuser and Plum Creek all announced in 2015, the year was second only to 2007 in dollar volume, says SNL.
IRVINE, CA—A strong local economy and jobs have led to markets like Orange County to be the best for office investors, but demand and the supply pipeline vary widely among submarkets, Ten-X’s Peter Muoio tells GlobeSt.com.
WASHINGTON, DC—“Steady hiring and low local unemployment levels are finally supporting higher wages and increased spending,” with positive implications for commercial property demand, says Lawrence Yun at the National Association of Realtors.
WASHINGTON, DC—The nationwide program will bring real-time arrival information for a variety of transportation modalities to the lobbies of properties managed by JLL.
SAN DIEGO—According to Mohamed A. El-Erian, chief economic advisor at Allianz, and former CEO and co-CIO of PIMCO, politics will remain noisy, but will not fundamentally contaminate the central banks.