McCormick, a long-time industrial real estate specialist based out of Irvine, CA, most recently served as SVP – national accounts for real estate development and investment firm Rockefeller Group International.
Booming healthcare and technology sectors are bolstering demand for office space throughout the market, keeping vacancy tight, with companies including Amazon and Google expanding footprints.
You don’t need a developer or an IT team to customize your own technology tools with tech platform Airtable, which doesn’t require any coding knowledge.
“The Grandstand offers new ownership tremendous headroom given the significant rent spreads achieved by nearby, fully renovated communities,” says Shea Campbell, a senior vice president at CBRE.
The Valley continues to experience record-setting economic expansion with a large development boom in North San Jose, downtown San Jose and Santa Clara, and San Francisco office vacancy sits at 7%.
“The storage industry generates a reported $38 billion in annual revenue, and within this sector, Clutter is carving a distinctive niche from a service perspective,” says Cushman & Wakefield's Andrew Stypa.
Highland Capital Management has finalized the purchase of the class-A 42-story office Cityplace Tower building from a joint venture partnership between Parmenter Realty Partners and Angelo, Gordon & Co.
The new organizational structure will replace the existing operations that manage CBRE’s services business within its existing geographic businesses—Americas, EMEA and APAC. That structure will remain in effect for the remainder of 2018.
The company has sold a 28% stake in its Manhattan office and multifamily portfolio and entered into a contract to sell 112 self storage assets for more than $1.3 billion.
Properly utilized the CRA is an effective tool for lenders to help address the housing affordability crisis, not only in booming metropolitan areas like Seattle, but also in areas of the country that desperately need institutional investments to re-vitalize their communities.
What was once a fertile and cheap source of financing for multifamily and hotel developers is largely absent. Learn the two primary reasons for the slowdown and some solutions in this EXCLUSIVE commentary on the subject.
Since 2015, the Fogelman-Thackeray partnership has acquired seven multifamily communities totaling more than 1,800 units, with an aggregate value of more than $220 million.
The Summit, located just one block north of the existing Arch building in the heart of downtown, will double the footprint of the convention center when it opens for business in 2022.
With an ageing baby boomer population and the growth of urban markets, designers and architects are ushering in a new model of senior living apartments.
Phase one connects buses from AC Transit and WestCAT to/from the East Bay, and Greyhound and Amtrak Thruway buses with Muni service while phase two would bring in Caltrain and high-speed rail.
The company states that construction will start immediately after securing the building permit for the project that secured $2.7 million in performance-based tax credits from New York State through the Excelsior Jobs Program.
“I’m excited to be a part of a company that is focused investing in the affordable housing industry to help create quality homes for consumers,” says Monarch Private Capital's Brett Barringer.
Cash Flow Connections is focusing on self-storage and mobile home investment with its latest fund, as both provide favorable risk-adjusted returns and value-add potential.
Both New Jersey and Florida are undergoing rapid economic growth and expansion, as well as experiencing significant population gains, says John Williams, president of Avanath, leading to increased demand for affordable housing options across both states.
While serviced offices have been around for decades, the term coworking has become a buzzword during the last 10 years with very little metro level data available yet to track historically, says NAI Partners.
Real estate is a physical asset that most people—even new investors—can understand, and crowdfunding it the perfect way to match capital to opportunities.
In 2017, CBRE and Peloton’s San Antonio combined operations involved $681 million of sales and leasing transactions and it currently manages and/or leases more than 20 million square feet.
With many recent deals here, including a new $45-million multifamily development under construction by a Chicago-based firm investment company, among others, Denver continues to appear on investors’ radar.
More than 640,000 cubic yards were excavated and 92,000 cubic yards of concrete were recycled from the old terminal, enough to fill 28 Olympic-size swimming pools, according to the JV construction team.
Keystone acquired the nine-story, approximately 400,000-square-foot class A office building in 2013, and has spent $25 million to redevelop the property.
With a rate of 63.1%, Seattle has the most educated workforce in North America of residents older than 25 holding a bachelor’s degree or higher and ranks second for tech talent only behind the Bay Area.
"Luxury class A multifamily assets like Two Addison continue to elevate renters' expectations and attract high yield driven investors,” says JLL's Jim Sewell.
Providing adequate parking on dense, small sites is challenging, but semi-automated parking systems with stackers may be the solution that developers need.
PTC Therapeutics specializes in genetic research focused on discovering and developing novel oral treatments for patients with serious and life-limiting disorders.
In addition to signing a 70,000 square-foot lease in the Plaza District, this week the collaborative workspace provider rented expansive space from TH Real Estate on the Far West Side.
With the HP campus and ABS headquarters nearing completion in October, Springwoods Village is becoming a major employment center in north Harris County, stimulating new hotel submarket activity.
The new ferry route begins in the Soundview section of the Bronx and makes stops at the new East 90th Street landing, East 34th Street landing and ends at Pier 11/Wall Street.
GlobeSt.com talks with Melina Cordero, CBRE’s Americas Head of Retail Research and author of it’s Omnichannel Guide about a few of the report’s findings that go against the oft-heard narrative of a retail apocalypse.
Early indications show that 2018 is holding true to form, except in net lease. The slower than normal pace this year for the wider commercial real estate industry is more likely due more to cycle than season.
The company states the sale resulted in a total return to the investors of 142.10% (calculated based on the aggregate amount of original capital invested in the property).
First Industrial will break ground this month on phase one of the park involving two rear-load facilities of 219,808 and 125,267 square feet, respectively.
WeWork has emerged as the clear front runner in coworking and is also a top tenant in some of the largest loans securitized in CMBS deals, according to Kroll Bond Rating Agency.
"We continue to see preservation groups show interest in acquiring and protecting high-quality land like this from development," says NAI Hanson's John J. Schilp.
Pelli Clarke Pelli Architects’ architectural design for Salesforce Transit Center illustrates how a dense urban transit-based development can be a cornerstone for a sustainable and livable city.
As the line between work and play continues to blur, it’s becoming even more important to provide opportunities to connect with other tenants and the surrounding neighborhood, says Zeller Realty's Mark Vollbrecht.
Kansas City has become one of the go-to places for e-commerce retailers, and companies are filling up new spec developments almost as fast as builders can put up walls.
Victory is undergoing a full remerchandising, adding 85,000 square feet of new retail space, and making key enhancements to evolve into a more walkable urban neighborhood, along with a re-tenanting effort.
Fewer than half of new private-sector jobs created in the second quarter were in lower-wage industries, as high-wage industries added 6,000 new jobs—the biggest gain in that sector in the last two years.
Karlin Conklin, Executive Vice President of Investors Management Group, Inc., shares advice for choosing between a Tenancy In Common (TIC) versus a Delaware Statutory Trust (DST) in the structure of a real estate investment.
Kennedy Wilson reports that in conjunction with Ricks’ appointment, Peter Collins has assumed the role of president of Kennedy Wilson Europe, which is headquartered in London, and will report to Ricks.
The bonds will be used to refinance certain existing debt and to provide reimbursement for certain strategic investments, enabling Montefiore to exit the Federal Housing Administration’s mortgage insurance program, according to DASNY.
The new Minneapolis-area Public Storage locations are located across the Twin Cities’ metro area, from Downtown Minneapolis to the nearby suburbs of Lakeville, Edina, New Hope, Bloomington, and to the City of Hutchinson.
360 Market Square, built on the former Market Square Arena site, consists of 292 apartment units and approximately 42,000 square feet of ground-floor retail anchored by Whole Foods Market.
Three trends are driving the Chicago office market: continued relocations to the CBD from the suburbs, the rapid growth of co-working and the emergence of former fringe locations.
The completed property will consist of a nine-story building with 409 rental apartment units, 16,300 of ground floor retail, and an onsite parking garage.
Andrew Chung, CEO of Innovo Property Group, in a GlobeSt.com interview explains why his company’s $75 million, 700,000 square-foot Bronx logistics property is ahead of the curve.
The Central Orange County office market has had anemic start to the year, losing two large tenants to the Airport Area, but vacancy and rental rates remain strong.
With rapid population growth, urbanization and increasing institutional capital investment on the horizon, the industry will to create efficiency through technology to keep up.
The park will be a significant teaching tool with extensive labeling of the more than 600 trees and plants within 12 smaller gardens keyed to a variety of plant life and environmental conditions.
The value of a multi-tenant office asset, $58.75 million, created significant bidding depth and a lease for the remaining vacancy was negotiated with WeWork during the marketing process, bringing the tenancy to 100%.
Austin moved up two spots to number six on CBRE’s Tech Talent Scorecard, part of its Tech Talent Report, which ranks 50 US and Canadian markets according to the ability to attract and grow tech talent.
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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