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DETROIT—Like many owner/operators, Pogoda found that the industry's low cap rate environment made this a great time to sell a big chunk of its operations.
ANNAPOLIS, MD—There were some curious developments in the first quarter and NIC will be watching to see if they were an anomaly or related to the winter season.
NEW YORK CITY—While the March employment numbers were a letdown, “it will take more than one weaker-than-expected report to dent the current momentum in the economy,” writes Cushman & Wakefield's Ken McCarthy.
HACKENSACK, NJ—NAI James E. Hanson says vacancies declined about 0.4 percent and rents rose about 37 cents per square foot for Meadowlands industrials during the final two quarters of 2014 vs. the second half of 2013. Older buildings are still doing well as e-commerce companies can use them for quick-turning inventory, says Tom Vetter of Hanson.
Most of the retail leasing activity in the last half of 2014 was in smaller stores, but big boxes are making a comeback, according to The Goldstein Group's first quarter survey. Learn more about the trends in our exclusive audio interview with Goldstein president Chuck Lanyard
PHILADELPHIA, PA—Vacancies declined and rents edged upward in the Philadelphia multifamily market, according to research released by Marcus & Millichap.
MOUNTAIN VIEW, CA—Walker & Dunlop team with the borrower and Fannie Mae to work through the details of the SFPUC parcel, and meet an expedited rate lock and closing timeframe.
The OCC, FDIC and Federal Reserve have issued clarification of questions surrounding the implementation of the new HVCRE rules requiring greater capital reserves on certain acquisition, development and construction loans.
PHOENIX—In this edition of Deal-Tracker, a 94,885 square foot South Phoenix distribution building at 2021 E. Jones Ave. in Phoenix, sold for $5.12 million.