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SAN FRANCISCO—Institutional funds and REITs are actively searching for larger deals and portfolios in the medical sector, with private capital emerging as a major option in the $5 million to $20 million price tranche, and could begin to take a larger share of transactions this year.
DENVER—IRR consulting economist Hugh Kelly cites “hypersupply” in 10% of multifamily markets; Marcus & Millichap expects new construction to taper off after this year.
LONDON—Knight Frank's Andrew Sim sees a myriad of opportunities in Europe as the annual property gathering in Cannes draws near, he writes in this <b>EXCLUSIVE</b> commentary.
LOS ANGELES—DivcoWest picks up a 24-story trophy office asset in Glendale for, according to industry sources, $179 million, a clean $35 million less than the same asset garnered in 2006.
EATONTOWN, NJ—If the agreement survives a 10-day veto period by NJ Gov. Chris Christie, the estimated $130-million project will also include approximately 40,000 square feet of office space and a total of 302 residential units, 20% of which will be affordable to low- and moderate-income households.
SAN DIEGO—When dealing with corporate tenants and consolidation issues, it can take 12 to 16 months to replace big-box tenants, but San Diego has fewer vacancies in this product type than most of its neighbors, CBRE's Dave Hagglund tells GlobeSt.com.