Technology is affecting everything from how apartment owners attract new residents and provide customer service to existing residents, but more often than not, it’s amenities that convert to leases.
In the fifth year of population growth, developers finalized 594,000 square feet of self-storage space during the first six months and an uptick in completions in the second half will push volume beyond 2 million square feet.
Fund III has diversified investments in more than 3,200 multi-family units and more than 2.2 million commercial square feet with locations across several states.
Hospital officials say the new tower will be a part of a planned $215-million campus expansion and modernization effort. Construction on the new patient tower is expected to begin in the first quarter of 2019.
Industrial demand and new construction are balanced in the Inland Empire with a 4% vacancy rate and steadily rising rental rates that are still a discount to coastal markets.
The tech company expands its property management platform with AppFolio Property Manager Plus, which includes real time data and revenue management services.
Marylou Berk, Tommy Craig, Joanne Podell and Amy Rose will be recognized with emcee NBC journalist Rashida Jones at the festive Oct. 4 celebration at the Edison Ballroom.
E-commerce companies demand more flexibility in order to accommodate users’ sortation equipment as well as the need for higher clear heights which allows for the installation of mezzanine space.
It is almost assured that Proposition 10 will pass, and the state of California will become a free for all with different, complex and in many jurisdictions, nonsensical rent control policies. The biggest risk for apartment owners and developers is risk of the unknown.
Off-campus medical office plays are all the rage these days. The same can be said for on-campus medical office, and it’s time to re-evaluate the sector’s niche status.
The redevelopment of the NYPD parking garage is the first major milestone to arise from the Jamaica NOW Action Plan, a $153-million neighborhood revitalization initiative announced in 2015 by the de Blasio Administration, Queens Borough President Katz and the NYCEDC.
Brookfield Infrastructure, an affiliate of Brookfield Asset Management, has committed to fund half of the required initial equity investment, currently estimated to be approximately $613 million.
The San Francisco-based firm states that the property is located near bulk transmission lines, a major fiber path, as well as less than four miles from Digital Realty's existing data center campuses in Ashburn, VA.
Carol Schatz, who has been a pillar of the renaissance in Downtown Los Angeles, has announced her retirement from the DCBID, which she launched in 1998.
It is extremely critical to be sensitive to exit cap rates and projected price per unit values, and understand the local market and its variables, Michael Flaherty of L5 says in this EXCLUSIVE.
In the era of Amazon Prime, Blue Apron and Snap Kitchen, building mailrooms are getting design overhauls and enhanced amenities to keep pace with the package delivery demands of residents.
The Silverman Group is buying a 41,000-square-foot, mixed-use warehouse building from the tenant for $3.6 million and has selected JLL as the exclusive leasing agent for the property.
The nature of work is changing, and that’s not just a tech thing. One expert on the subject believes that those managers who don’t recognize the changes taking place around them are traveling a road to irrelevance.
Growth is strong in most multifamily markets in Texas, but the cost of construction is currently outpacing rents which has to change in order for opportunities to become obvious in the larger markets.
We joined more than 400 commercial real estate colleagues last night to recognize the collective work of Building Block supporters and community partners.
More than 1.4 million square feet of inventory has been converted to data centers since 2008 in the region. The pace of conversions has averaged 273,725 square feet since 2015, chipping away at nearly 2% of supply each
In conjunction with the EdR purchase, Blackstone Real Estate Income Trust, Inc. and partner Greystar Real Estate Partners also reported they had closed on the $1.2-billion purchase of EdR’s student housing portfolio.
If the STEM high school project at the former IBM Somers property secures all approvals and lease negotiations are finalized, the lease transaction and the subsequent adaptive reuse project would be the largest of their kind in memory in Westchester County.
The Southern California industrial market is among the tightest in the country, and even the new supply under construction won’t be enough to satisfy the demand.
Leaders of the Hollywood Park development in Los Angeles and Chase Center in San Francisco talk about adopting a mixed-use model to activate the projects.
Dermody’s acquisition of Fremont Center is consistent with its strategy of acquiring value-add, functional, in-fill logistics and light manufacturing assets in tier 1 markets such as Fremont.
Driven by large renewals, sizeable new leases and substantial tenant move-ins, class-A office buildings continue to lure users looking to attract and retain employee talent, and as a result, drive up rents.
Mason Tenders renewed 40,000 square feet and Entertainment Benefits Group signed on for 12,769 square feet at GFP Real Estate’s Midtown office building.
Private capital has been the most active buyer type for 2018, comprising 74% of Austin’s total sales volume, followed by cross-border buyers at 14% and institutional investors of the remaining 12%.
The new six-story 187-room Courtyard by Marriott Dulles Herndon is located five miles from Washington Dulles International Airport in the technology corridor dubbed “the Silicon Valley of the East.”
The Jersey City, NJ-based REIT also sold 700 Horizon Drive to VEREIT of Phoenix. The 120,000-square-foot building that boasts similar amenities as 600 Horizon Drive, including advance fiber-optics, is leased to AAA.
Travel Portland’s tourism improvement district-funded marketing and PR efforts have produced significant results for the local economy in that travel to Portland nearly doubled from 2013 to 2018.
With limited supply, urban in-fill generational triple net assets leased to top-tier credit tenants in hot markets such as Los Altos continue to be in high demand and many sales are off-market.
"With new capital made available through this financing and positive momentum in the Midtown market, we feel the property is well positioned for continued success," says Square Mile Capital's Eric Cohen.
Rising interest rates are putting pressure on pricing but the fundamentals of net lease investments and the Texas economy have been strong enough to keep cap rates within a historically low range.
All of the student housing buildings are expected to begin operations by the fall of 2020, with the exception of the Octave at the University of Illinois Urbana-Champaign project, which is scheduled for a fall 2019 occupancy.
Here’s how some Florida companies coped after the Lehman investment bank collapsed ten years ago this month, leading to the worst economic crisis since the 1930s.
The ad campaign began this week and features DC residents and community leaders calling on the City Council to crack down on commercial hosts buying up homes to rent short-term on Airbnb and thus depleting the district’s affordable housing stock.
Securities industry pre-tax profits totaled $13.7 billion in the first half of 2018, an increase of 11% from the mid-point of 2017, according to a report released by New York State Comptroller Thomas P. DiNapoli.
Even with incentives from utilities and the government, Mercy Housing needed a more creative solution so it partnered with Bright Power to upgrade 80 properties, GlobeSt.com learns in this EXCLUSIVE.
As we move later in the cycle, investors are becoming more conservative with their exit plans, according to panelists at Allen Matkins View From the Top.
Millennials want access to transit at home and at work, and that is good news for Downtown, Mission Valley and UTC, San Diego’s most trolley friendly office markets.
The recent purchase of Link Studios Apartments represents Mt. Baker Housing’s first new construction and a rare open-market acquisition by a nonprofit developer for affordable housing.
The current skyscraper building boom falls short of the 80s, the country’s busiest building boom by far, when skyscraper construction activity in Dallas was only surpassed by New York City, Chicago and Houston.
These 4 key considerations will help you better diagnose a CRE borrower’s financing request and determine the correct bridge loan solution for your client.
Due diligence can be a daunting requirement to navigate in CRE transactions. Learn about the different Property Condition Assessment types, including those tailored to support acquisitions.
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