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WASHINGTON, DC--Vornado Realty Trust has said many times it was considering spinning off its local assets. Now, a Bloomberg report says it has talked with JBG Cos. about a sale.
CHICAGO—3D printing and other technological trends already are having an impact on commercial real estate, says Deloitte. The firm advocates that owners begin incorporating these trends into their business strategies now.
DALLAS—Millennials have shown they are willing to eschew the urban core for the suburbs if the vibe is right, and in addition to job proximity, they are looking for the live, work, play environment that feels authentic.
CHICAGO—Appreciation for institutional-grade properties has been on a steeper downward trajectory than income throughout 2016, the National Council of Real Estate Investment Fiduciaries said Wednesday.
NEW YORK CITY—Looking to relocate from Midtown West, the not-for-profit organization found the purchase to be more cost-effective than signing a long-term lease.
PLEASANTON, CA—The Diablo Technology Center within the Hacienda Business Park gets new ownership after seller Ridge Capital Investors LLC invested in significant common area, landscape, signage and tenant space improvements, signifying the value to be had in office/R&D assets.
SAN DIEGO—Partnering with experts to enhance development services is one way to augment your offerings and add to your bottom line, Sunrise's Jesse Holland tells attendees at IREM's Fall Conference here.
NEW YORK CITY—From skills to slip-ups, the foursome of ultra-accomplished industry professionals late last week revealed what's needed for success during a panel discussion at SIOR's annual national conference here.