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NEW YORK CITY—Yet Fitch Ratings sees “relatively muted” impact of new supply on asking rents and vacancies at the moment, although that's subject to change.
NEW YORK CITY—In its latest Gotham Commercial Real Estate Monitor survey, the vast majority of commercial real estate executives expect property values to decrease in areas of Kings County due to the subway line's shutdown.
LAS VEGAS—According to Jeff Hughes, Stan Johnson managing director, we are still in a strong retail market overall, but cap rate compression has definitely come to a halt over the past several months.
KANSAS CITY—The developer, which operates the largest underground business park in the US, has had record-breaking profits, and has now brought on a new team to handle the expansion.
NEW YORK CITY and LOS ANGELES—The three-way merger of equals among Colony Capital and two NorthStar companies will lift Colony Financial into “the highest echelon of equity REITs,” future executive chairman Thomas Barrack said Friday.
NEW YORK CITY—The partnership has picked up a 246,000-square-foot warehouse in the popular section of Queens, boosting its portfolio following its 2016 purchase of a similar, larger property just one block away.