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IRVINE, CA—The improving risk profile for CRE investments "has enabled overall cap rates to continue to decline despite higher interest rates,” says Peter Muoio at Auction.com Research.
LOS ANGELES—A CBRE report cites Northern Virginia, Colorado Springs and a handful of other data center hubs as providing the most cost-effective options for occupiers.
DALLAS--Venture Commercial Real Estate, an X Team International partner, has completed the sale of two properties in Richardson and Waco, representing more than 150,000 square feet of retail space.
CALABASAS, CA—With the Federal Reserve's bond-buying program now over, all eyes will be on the central bank's timing for hiking short-term interest rates, according to Marcus & Millichap.
LOS ANGELES—The latest report from the Mark Co. shows that condo prices in Downtown Los Angeles are appreciating rapidly, as much as 1% every month with the current price index at $701 per square foot.
BOSTON—The ownership of the 1.8-million-square-foot International Place office complex here has secured a $500-million refinancing of the property located in the city's Financial District.
What is an outparcel? An outparcel refers to a smaller asset that is carved out from a larger asset. Frequently property owners do not realize the value they can unlock by marketing and selling these types of assets.
MIAMI LAKES, FL—BankUnited reports it has appointed Gregory Santín as vice president, relationship manager specializing in commercial real estate lending in South Florida.
MIAMI—New York City-based joint venture JMH Development and PSB Capital report the closure of the $5.65-million acquisition of development land at 2901-2911 Indian Creek Drive in South Beach here in Miami.