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IRVINE, CA—Auction.com's first CRE Nowcast, a pricing index that combines the firm's proprietary transaction database, Google Trends data and investor surveys to forecast CRE pricing trends in real time, shows that October commercial valuations saw the smallest increase in nearly five years.
LOS ANGELES—2015 is likely to exceed 2007 peak sales volume and panelists at this year's <b>RealShare Net Lease West</b> conference say that in looking at CMBS, originations and underwriting stats, 2015 will be the new 2008.
NEW YORK CITY—In relocating from the East Side, the management consulting firm will be able to create "a custom environment for employees that reflects their collaborative ethos," says Stephen Ross, chairman of Related Cos.
PHILADELPHIA—Hill International, one of the largest construction management firms in the world, returned to profitability in the third quarter, with net earnings of $2.9 million vs. a net loss of $9 million last year. The firm also added Steven Curts, an American Express executive, to its board.
PHILADELPHIA—In this deal-tracker roundup, a law firm and two nonprofits expanded their office space, and an upscale Italian restaurant cooked up a plan to move into a new King of Prussia location, while a bank and another law firm added to their professional teams. Meanwhile, a South Jersey commercial broker made a big donation to Habitat for Humanity.
MONTVILLE, NJ—Real Capital Solutions and Vision Real Estate Partners have embarked on the spec renovation of one of the twin, class A buildings at their Mountain Ridge at Montville complex, while seeking other uses for the second building on the 27-acre campus.
BLOOMFIELD, NJ—AvalonBay Communities has opened its newest multifamily community, the 224-unit Avalon Bloomfield Station, a transit-oriented development.
CHICAGO—Revenues and occupancy continue to grow, much of it driven by new technology, and with development still scarce, investors have a lot of opportunities.