Asset Management

Why Workplace Wellness Is Sweeping the Office Market

Kelsi Maree Borland | August 08, 2018

Workplace wellness is becoming a top consideration for office users, and lack of attention to the trend could impact leasing activity.

Thought Leadership

Renovated Suburban Properties Filling Up

Brian J. Rogal | August 08, 2018

Spending several million dollars on renovations can attract enough tenants to fill up properties once plagued by vacancies.

Out-of-State Investors Expanding Suburban Footprints

Brian J. Rogal | August 07, 2018

Leasing activity in the metro area outpaces delivery, making it a good time to invest in many of the region’s submarkets.

Speed Is Important When Filling Big Box Retail

Brian J. Rogal | August 02, 2018

Municipalities that realize the old retail is probably not coming back can play a key role in fostering adaptive reuse.

News

What’s Old Is New: Renovations Coming to 10 Grand Central

Betsy Kim | July 27, 2018

Location and new amenities are cited as reasons why tenants recently leased and expanded at the Marx Realty Midtown property.

Suburban Value-Add Office Now Getting Looks

Brian J. Rogal | July 25, 2018

If young workers start moving back to the suburbs to have families, that will boost the value of properties in well-located submarkets like Oak Brook.

Downtown Denver MXD Building Trades

Adele Carter | July 24, 2018

“Northland recognized the irreplaceable nature of this asset, which marks their entry into the Denver market."

How to Curate the Perfect Power Center Tenant Mix

Kelsi Maree Borland | July 24, 2018

Vestar is constantly monitoring merchandise sales to determine what works and to curate a winning tenant mix.

Research

Studies: Mass Transit Driving Atlanta Office Development

Steve Lubetkin | July 24, 2018

MARTA drives $1.4 billion in annual economic activity and supports nearly 25,000 jobs, according to the Cushman & Wakefield report.

Multifamily Developers Eye Downtown Student Housing

Brian J. Rogal | July 23, 2018

Adaptive reuse projects are very appealing, and colleges will look favorably on sale-leasebacks that monetize properties and preserve some student housing.

Brick-and-Mortar Retail Can Thrive In the Internet Age

Brian J. Rogal | July 20, 2018

Landlords and investors just need to perform more due diligence when leasing and buying properties in the age of e-commerce.

Major Shifts Happening in Suburban Ownership

Brian J. Rogal | July 18, 2018

Although portions of the region suffer from high vacancy, many landlords have had success in leasing, and investors are swooping in to buy.

Office Tenants Want ‘Healthy-Lifestyle’ Spaces

Kelsi Maree Borland | July 18, 2018

While creative office has been the buzzword in office, but what office tenants are really after is healthy-lifestyle spaces.

How Cinemas Are Guiding Retail Design

Kelsi Maree Borland | July 18, 2018

Cinemas are becoming a hot anchor for retail centers, and they are starting to inform retail design.

News

CBRE Adds to Valuation & Advisory Team In Atlanta

Steve Lubetkin | July 18, 2018

At CBRE, new EVP Doug Main (pictured left) will lead the national practice of waste management, environmental, mines, alternative energy, and complex matters for VAS.

How Property Managers Are Changing Every Asset Class

Kelsi Maree Borland | July 16, 2018

From retail and office to industrial, property managers are moving into the limelight at commercial properties, and tenants are taking note.

Research

WCRE: Southern NJ & Philly See Moderate Gains In Q2

Steve Lubetkin | July 16, 2018

There were approximately 303,656 square feet of new leases and renewals executed in the three counties surveyed (Burlington, Camden and Gloucester), a gain of about 10% over the previous quarter, says WCRE's Jason Wolf.

Middle-Market Digest

Middle Market Digest – The Northeast

Steve Lubetkin | July 13, 2018

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Sterling Bay to Buy Another Chicago Icon

Brian J. Rogal | July 13, 2018

The developer has remade whole neighborhoods, and will now add the former John Hancock Center to its portfolio.

Are You Complying With the New Energy Disclosure Law?

Kelsi Maree Borland | July 11, 2018

AB 802 is officially in effect and requires that owners of properties larger than 50,000 square feet disclose energy consumption annually.

Video

Exec: NJ's Shift of Remediation Burden Speeds Redevelopment

Steve Lubetkin | July 09, 2018

From the time the LSRP program was fully implemented in 2012 to the end of 2015, NJDEP reported that the number of cases closed rose from 1,200 to 7,500. This number surpassed 10,000 in 2017 and is on pace to reach 12,000 this year.

Middle-Market Digest

Middle Market Digest – The Northeast

Steve Lubetkin | July 06, 2018

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Restaurants Are Dominating More Than Just Retail

Kelsi Maree Borland | July 05, 2018

Restaurants and food and beverage is not only driving retail leasing, but real estate owners in every asset class are creating curated food experiences to drive value.

Five New Tenants Leasing at Secaucus Flex Property

Steve Lubetkin | July 05, 2018

“Demand for high quality flex space in Secaucus is strong, and 1 County Road is meeting the demand with a compelling product and superior location,” says CBRE’s Kevin Dudley.

Middle Market Digest – The Northeast

Steve Lubetkin | June 29, 2018

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Building Renovations Are Transforming the Office Market

Brian J. Rogal | June 29, 2018

New trophy towers attract more attention, but many older buildings are getting new looks.

News

Oxford Realty Group Acquires 152-Unit Highland Park MF Property for $30M

Steve Lubetkin | June 29, 2018

Highland Park is highly desirable to executives and academics with families because it is trendy with a thriving arts and dining scene, according to Gebroe-Hammer's Joseph Brecher.

News

Spring at 8th Gets GA’s First LEED Platinum Core & Shell

Steve Lubetkin | June 28, 2018

“Environmental sustainability is a key part of NCR’s commitment to the prosperity of our employees and our community in Midtown Atlanta," says Andrea Ledford of NCR, which occupies the property.

The Six Rules for Retail Survival

Kelsi Maree Borland | June 28, 2018

A new survey from JLL analyzes what retailers need to do to attract shoppers, but how are San Diego retailers following national trends?

Mayor Targets $480M for NYCHA Repairs in Brooklyn, Manhattan and Bronx

John Jordan | June 26, 2018

The $400 million in upgrades will be made possible through the HUD’s Rental Assistance Demonstration program, which converts apartments’ funding to the Section 8 program.

News

Store REIT Sells Pittsburgh Asset in 1031 Exchange

Steve Lubetkin | June 26, 2018

A private East Coast buyer in a 1031 Exchange purchased the asset free and clear of existing financing.

Dilweg Repositioning Atlanta Midtown Office

Steve Lubetkin | June 25, 2018

“1375 Peachtree is a truly unique property and we’re very excited to transform it into an office asset with modern, state-of-the-art amenities," says Jerry Banks, managing director for the Atlanta region at Dilweg.

News

CBRE Purchases FacilitySource from Warburg Pincus for $290M

Betsy Kim | June 25, 2018

Bill Concannon, CBRE’s global group president and CEO of Global Workplace Solutions, in a GlobeSt.com interview explains how their facilities management is now on-demand and high tech.

Middle-Market Digest

Middle Market Digest – The Northeast

Steve Lubetkin | June 22, 2018

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Repositioning Helps Sell High-Tech Creative Office Assets in Central Perimeter

Steve Lubetkin | June 21, 2018

Investors were attracted to the synergy among Northside Hospital and Glenridge, and the opportunity to develop the existing pad site for a variety of potential uses.

Sportswear Manufacturer in Sale-Leaseback of 318K SF South Brunswick Industrial

Steve Lubetkin | June 21, 2018

Central Mills, which operates as FREEZE, will continue to occupy the facility under a long-term sale-leaseback arrangement.

Your Property Manager Should Know Your Exit Plan

Kelsi Maree Borland | June 20, 2018

If you clue your property manager into your long-term business plan, they can help create a day-to-day strategy to maximize value.

Why Hotel Property Managers Are in High Demand

Kelsi Maree Borland | June 15, 2018

Hotel activity is continuing to outpace new supply, and owners are looking to quality property management teams. We sat down with RAR Hospitality for an EXCLUSIVE interview to find out more.

PCCP Acquires Cumberland Center II Office Tower in Atlanta

Steve Lubetkin | June 15, 2018

The seller has invested more than $5.4 million in capital improvements since 2007, and the well-maintained property includes a recently renovated on-site conference center and café and 1,288 underground parking spaces.

Uptown Square, Fayetteville Retail Center, Goes on the Market

Steve Lubetkin | June 13, 2018

With full occupancy and an 11-year projected net operating income growth of 40 percent, Uptown Square offers both stability of income and yield, says Avison Young's John Crotty

NJ Tenant Concessions Are Higher than National Average

Steve Lubetkin | June 13, 2018

“With unemployment below 4 percent, companies are focusing on making smart decisions about their space – decisions that keep their employees happy and engaged,” says Revathi Greenwood, Americas head of research at Cushman & Wakefield.

Boomtowns Need More Affordable Housing

Brian J. Rogal | June 13, 2018

But it's very difficult to get conventional financing to acquire and improve multifamily properties in need of significant rehab.

Middle Market Digest – The Northeast

Steve Lubetkin | June 08, 2018

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Vision JV Acquires 66-acre Morris Plains Corporate Campus

Steve Lubetkin | June 08, 2018

“Our joint venture viewed this as an opportunity to acquire a vacant high-quality asset in 185 Tabor Road at an attractive basis well below replacement cost,” says Ryan Dodge, vice president with PCCP.

Can We Agree to Ditch the Term “Creative Workspace”?

Kelsi Maree Borland | June 08, 2018

Today’s workspaces promote personal interaction, eliminate hierarchies and encourage collaboration—so let’s call them human workspaces, rather than creative.

Stonebridge Acquires 200-Unit Marietta, GA, MF For $24M

Steve Lubetkin | June 08, 2018

The new owners plan to spend approximately $3.2 million on a repositioning strategy, including renovation of common areas, amenities, and unit interiors.

Florio and Seven ‘Smart Growth’ Development Projects Honored By New Jersey Future

Steve Lubetkin | June 07, 2018

“We have the capability of having a very prosperous economy, if we use resources smartly,” former New Jersey Gov. Jim Florio says.

Blue Rock Scoops Up Varden Capital’s Southeast MF Portfolio

Steve Lubetkin | June 06, 2018

Varden Capital Partners repositioned the assets following a bulk purchase, and made healthy profits for investors while leaving a great value-add path ahead for Blue Rock, says Cushman & Wakefield's Tyler Averitt.

Chatsworth Apartments in Central Perimeter Changes Hands

Steve Lubetkin | June 05, 2018

“The property’s strategic location provides Atlanta’s best overall access to the major employment centers of Buckhead, Midtown, Downtown and Cumberland/Galleria,” says CBRE's Kevin Geiger,

Colliers Embraces Open Workplace Strategy

Kelsi Maree Borland | June 05, 2018

The brokerage firm is the latest to adopt an open workplace office strategy, affirming the concept is lasting and spans across industries.