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Cushman & Wakefield's Q2 report also reports that the current bright spot in the District is the CBD Class B market, which has tightened as space has been renovated into Class A.
The company has sold a 28% stake in its Manhattan office and multifamily portfolio and entered into a contract to sell 112 self storage assets for more than $1.3 billion.
This is the industry's first and largest securitization backed exclusively by commercial property-assessed clean energy/C-PACE and was issued for 82 US properties (pursuant to rule 144A of the Securities Act of 1933).
"With Dennis, we are getting a seasoned real estate executive with decades of experience in managing brokerage firms, specifically within the New Jersey market,” says David Amsterdam, Colliers president - investments, leasing and eastern region.
“The nature of work is changing; today's employees require flexibility and inspiration within their workday routines,” says Mark Vollbrecht, principal for ZRG.