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INDIANAPOLIS—The market has seen good levels of absorption for several years, but 2014 is the first year since the recession that occupancy gains will occur in all classes of space.
PHOENIX—The Phoenix multifamily market has been on the upswing for some time. And in the midst of all this activity, real estate experts have identified a renaissance where many of Phoenix's existing, and sometimes much older, apartment communities are concerned as one of the driving forces in the Valley's multifamily market. GlobeSt.com caught up with CBRE's Brian Smuckler to discuss this trend.
NEW YORK CITY—A new report on maturing commercial real estate loans states that New York State has by far the largest dollar amount of outstanding and maturing CMBS loans coming due in the Northeastern region of the United States in the next year.
LOS ANGELES—A veteran of more than three decades with the firm, Stoffers will be in charge of loan servicing, loan sale advisory and investment banking service lines for the Americas, EMEA and Asia.
NEW YORK CITY—Amazon.com plans to open its first brick-and-mortar store on one of city's busiest shopping streets, proving that online commerce presents opportunities for—rather than threats to—the retail market.
ST. LOUIS—For the first phase of its multi-phase plan, the school will begin construction of two new residence halls and renovate and convert other facilities.
CHICAGO—A lack of new construction has increased the value of core product, and Avison Young expects this portfolio of 900K SF to attract national attention.
CAMDEN, NJ— Campbell Soup Co. announced on Thursday that it selected Brandywine Realty Trust of Radnor, PA as the developer for the mixed-use Gateway District property here that many city and business officials hope will key the revitalization of this long-troubled city.
ROCHELLE PARK, NJ—Case Real Estate Capital, an active private direct lender and investor, has named Chris Mavros as its chief financial officer. He will also be a managing director and principal of the firm.