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PARSIPPANY, NJ—Leasing activity in the Northern and Central New Jersey office market was robust in the first quarter of 2015, but Colliers senior director of research John Obeid tells GlobeSt.com in an exclusive interview that value-add investors are playing a role in repositioning office properties.
CHERRY HILL, NJ—Persistence led local commercial broker Jason Starkman to the successful closing of an unusual “fractured” ownership sale in a Cherry Hill condominium property, the Sussex House Condominiums, a 77-unit condo building on Kings Highway.
NEW YORK CITY—Using CAP rates and Gross Rent Multipliers, GFI Realty says Brooklyn shows the resilience of the broader New York market, but that submarkets vary dramatically.
NEW YORK CITY—Low interest rates and a basic economic principle are driving the market, even sending it into increasingly risky places, according to several net lease investors who will speak at RealShare Net Lease here later this week.
SANTA ROSA, CA—The collaboration of Newmark Cornish & Carey Wine Services and auction giant Williams & Williams aims to capture the growing market for vineyards, wineries and related lifestyle properties, offering clients access to an expanded buying pool and quicker closings.
DALLAS—Despite the downward pressure on oil prices, the local office market is thriving, adding 134,000 jobs in the last year, an annual increase of 4.1 percent, according to a recent Q1 office market report released by PM Realty Group (PMRG).
LOS ANGELES—The sector has accounted for more major US office leasing activity than any industry over the past two years, and not only in Silicon Valley, says CBRE.
PHOENIX—X Team International announced that partner Velocity Retail Group, based in Phoenix, represented Mattress Firm on three different leases throughout the state of Arizona.