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Stream Realty Partners will handle leasing efforts for the project, slated for completion in the fourth quarter.
04/22/2020
Conor Breaks Ground on East Dallas Facility

Stream Realty Partners will handle leasing efforts for the project, slated for completion in the fourth quarter.

Stream Realty will oversee leasing efforts for the two-building, 198,000-square-foot development.

Realterm has selected Wade Judge as vice chairman on the firm’s executive committee and investment committee.
04/22/2020
Realterm Names New Vice Chairman

Realterm has selected Wade Judge as vice chairman on the firm’s executive committee and investment committee.

During his long-term tenure at JLL, Wade Judge served almost three decades at LaSalle Investment Management.

The industrial properties have immediate access to I-95, I-295 and I-97, offering a combination of scale and functionali...
04/22/2020
Amazon Pays $91M for Baltimore Industrial Portfolio

The industrial properties have immediate access to I-95, I-295 and I-97, offering a combination of scale and functionality in one of the highest performing supply-constrained markets in the U.S.

Cushman & Wakefield handled the transaction, representing the seller of the six-building Techwood Business Center.

The new venture will focus on developing premier logistics and industrial facilities in core locations serving Greater B...
04/22/2020
China Logistics Investment Venture Completes $800M First Close

The new venture will focus on developing premier logistics and industrial facilities in core locations serving Greater Beijing, Shanghai and Guangzhou, as well as certain markets in China’s Midwest region.

LOGOS, Ivanhoé Cambridge, Bouwinvest and a Gulf Cooperation Council-based investor move forward with a fourth fund in anticipation of a rebound in the market following the coronavirus.

In the interview below, Capstone Advisors' Alex Zikakis shares his insights on what it takes to cope with the outbreak a...
04/22/2020
What Retail Landlords Need to Know During the Pandemic

In the interview below, Capstone Advisors' Alex Zikakis shares his insights on what it takes to cope with the outbreak and reveals his strategy to limit the impact of COVID-19 on his business.
#CPETalks #coronavirus

After nearly 25 years in the industry, Capstone Advisors’ Alex Zikakis reveals his business strategy in these troubled times and provides his expectations for the hard-hit retail sector.

As the commercial mortgage industry attempts to come to grips with the scope of late payments, servicers are busy workin...
04/21/2020
Crisis Moves Loan Servicers to Center Stage

As the commercial mortgage industry attempts to come to grips with the scope of late payments, servicers are busy working with borrowers on loan forbearance plans.

The likelihood of widespread delays in loan payments is raising hard questions about forbearance. Paul Fiorilla of Yardi Matrix surveys the issues to watch.

The numbers of U.S. CMBS borrowers requesting relief related to the coronavirus pandemic “continue at a furious pace,” w...
04/21/2020
As CMBS Relief Inquiries Jump, How Much Forbearance Is Enough?

The numbers of U.S. CMBS borrowers requesting relief related to the coronavirus pandemic “continue at a furious pace,” with more than 5,000 such borrowers having reached out to master servicers, Fitch Ratings research found.

Fitch Ratings reports that inquiries from U.S. CMBS borrowers about relief related to the coronavirus pandemic have now topped $100 billion—and expresses serious doubt that 90 days of forbearance will be nearly enough.

In U.S. cities hard-hit by the coronavirus outbreak, expanded hospital capacity is in urgent need, and that’s where modu...
04/15/2020
Can Modular Construction Help Solve the Hospital Bed Shortage?

In U.S. cities hard-hit by the coronavirus outbreak, expanded hospital capacity is in urgent need, and that’s where modular construction can come in to get things built fast and at value, those in the industry say.

The method that has been used to build emergency hospital beds in China is now gaining steam in the U.S.

A new DBRS Morningstar report examines the sponsors that will ride out coronavirus-related mall closures and those that ...
04/15/2020
Regional Mall CMBS ‘Pressured’ by Retail Closures

A new DBRS Morningstar report examines the sponsors that will ride out coronavirus-related mall closures and those that will struggle.

A new DBRS Morningstar report examines the sponsors that will ride out coronavirus-related mall closures and those that will struggle.

Office workers across the country want more dining choices in their buildings, according to a recent survey from Kingsle...
04/15/2020
Expanded Food Options Top Tenants’ Wish Lists

Office workers across the country want more dining choices in their buildings, according to a recent survey from Kingsley Associates.

Office workers across the country want more dining choices in their buildings, according to a recent survey from Kingsley Associates.

Marriott Hotels secured a $1.5 billion 364-day revolving credit facility and a leverage covenant waiver for its existing...
04/15/2020
Marriott Secures $1.5B Revolving Credit Facility

Marriott Hotels secured a $1.5 billion 364-day revolving credit facility and a leverage covenant waiver for its existing credit facility.

The hotel giant expects the new financing to help with liquidity as it grapples with closed hotels and declining RevPAR and occupancy rates.

04/14/2020

A poll of industry leaders shows that executives expect a long wait before normal business comes back.

Nearly 4.8 billion square feet of retail floorspace has closed across the U.S., or 54.8 percent of the total.#coronaviru...
04/10/2020
Virus Response Shutters 55% of U.S. Retail Space

Nearly 4.8 billion square feet of retail floorspace has closed across the U.S., or 54.8 percent of the total.
#coronavirus

Large-scale furloughs underscore the challenges in the industry as chains like T.J. Maxx temporarily close their doors.

Industry veterans share insights into what’s ahead and what professionals can do in the meantime.#coronavirus
04/10/2020
How Coronavirus Is Impacting Office Leasing

Industry veterans share insights into what’s ahead and what professionals can do in the meantime.
#coronavirus

Industry veterans share insights into what’s ahead and what professionals can do in the meantime.

As one of the country’s top gateway markets—and focal points for foreign investment—Manhattan can offer us a glimpse int...
04/09/2020
Tallying Up the Difference in New York

As one of the country’s top gateway markets—and focal points for foreign investment—Manhattan can offer us a glimpse into the mindset of investors and borrowers through the past few weeks.
#coronavirus

Following the Fed’s two emergency rate cuts, mortgage originations spiked. However, the impacts of the coronavirus pandemic have begun to manifest in other ways.

Houston, Dallas and Austin hold the top positions for the highest-ranking LEED-certified office buildings in Texas in 20...
04/09/2020
Top 10 LEED-Certified Buildings in Texas in 2019

Houston, Dallas and Austin hold the top positions for the highest-ranking LEED-certified office buildings in Texas in 2019.
#CPETopOfTheList

Houston, Dallas and Austin hold the top positions for the highest-ranking LEED-certified office buildings in Texas in 2019.

In the interview below, Greg Main-Baillie, executive managing director for the Florida Development Services Group at Col...
04/09/2020
Q&A: How Is COVID-19 Affecting the Construction Industry?

In the interview below, Greg Main-Baillie, executive managing director for the Florida Development Services Group at Colliers International discusses how the industry is going to be affected by a slowdown in deliveries.

Jason Kellogg, partner at Levine Kellogg Lehman Schneider + Grossman LLP, touches on the legal aspects of the story and some of the measures businesses can take to protect themselves.

#CPETalks

Colliers’ Greg Main-Baillie and Levine Kellogg Lehman Schneider + Grossman’s Jason Kellogg provide a comprehensive view on what halted projects and delayed deliveries will mean for the real estate business.

The week ending on April 4 brought another 6.6 million initial unemployment claims, pushing the three-week tally to almo...
04/09/2020
Unemployment Claims Hit 16.8M in 3 Weeks

The week ending on April 4 brought another 6.6 million initial unemployment claims, pushing the three-week tally to almost 16.8 million, according to a U.S. Department of Labor report released on Thursday morning.

With an additional 6.6 million claims reported this morning, the figures paint a telling image of what's expected this month.

@Katerra’s Craig Curtis and McKinstry’s Allie Teplicky share details about the sustainable features of cross-laminated t...
04/07/2020
Timber: A Catalyst for Innovation

@Katerra’s Craig Curtis and McKinstry’s Allie Teplicky share details about the sustainable features of cross-laminated timber as observed in their Washington state pilot office project.
#CPETalks

Katerra’s Craig Curtis and McKinstry’s Allie Teplicky share details about the sustainable features of cross-laminated timber as observed in their Washington state pilot office project.

CPE has a new poll! We want to know what will be the most significant impact of the #coronavirus on commercial real esta...
04/07/2020
CPE Poll: Coronavirus Impact on CRE

CPE has a new poll! We want to know what will be the most significant impact of the #coronavirus on commercial real estate.

CPE has a new poll! We want to know what will be the most significant impact of the coronavirus on commercial real estate. 

A skyscraper that was once the tallest office tower in the Southern Hemisphere has gotten some new investors.
04/07/2020
JV Acquires Stake in Melbourne Tower for $398M

A skyscraper that was once the tallest office tower in the Southern Hemisphere has gotten some new investors.

A joint venture between Dexus and GIC have purchased a 50 percent stake in one of the city’s tallest office buildings.

Despite suffering massive pandemic-induced business loss, the lodging industry is pulling together to provide temporary ...
04/07/2020
Frontline Workers Get Access to 3 Million Hotel Guestrooms

Despite suffering massive pandemic-induced business loss, the lodging industry is pulling together to provide temporary housing for workers on the frontlines of the #coronavirus—gratis.

The American Hotel and Lodging Association and a partnership of Hilton and American Express have introduced initiatives providing accommodations to health-care and emergency personnel.

The new loan pays down a $47.1 million mortgage taken from Safra National Bank of New York in January 2012.
04/03/2020
Home of 1st New York Apple Store Gets $75M Refi

The new loan pays down a $47.1 million mortgage taken from Safra National Bank of New York in January 2012.

Crédit Agricole provided the financing package for Centurion Realty’s 28,000-square-foot SoHo building.

In an interview with CPE, Shopoff Realty Investments CEO William Shopoff shares his strategy for the year ahead and the ...
04/03/2020
Shopoff Realty CEO on Tackling the Challenging Times Ahead

In an interview with CPE, Shopoff Realty Investments CEO William Shopoff shares his strategy for the year ahead and the business adjustments he has implemented, as he remains cautiously optimistic about a fast economic recovery.

William Shopoff shares his strategy for the year ahead and the business adjustments he has implemented, as he remains cautiously optimistic about a fast economic recovery.

04/03/2020

Here's a quick overview of the most popular posts in March.

Social Entertainment Ventures has signed a 10,000-square-foot lease at Star Metals Offices, an 185,000-square-foot offic...
04/03/2020
The Allen Morris Co. Adds Tenant at Star Metals Atlanta

Social Entertainment Ventures has signed a 10,000-square-foot lease at Star Metals Offices, an 185,000-square-foot office building within Star Metals Atlanta, the $210 million mixed-use development underway in Altanta.

A multi-brand hospitality company will occupy 10,000 square feet at the $210 million mixed-use development in West Midtown.

Working on behalf of its Hines European Value Fund, Hines has sold Stuttgarter Tor, an office property in Stuttgart, Ger...
04/03/2020
Hines Sells Office Property in Germany

Working on behalf of its Hines European Value Fund, Hines has sold Stuttgarter Tor, an office property in Stuttgart, Germany. Colliers represented the buyer, investment management firm Arminius, which acted on behalf of German institutional investors.

The approximately 160,000-square-foot asset, located in Stuttgart, comprises three fully leased buildings.

A poll of industry leaders shows that executives expect a long wait before normal business comes back.The findings are b...
04/03/2020
CPE 100 Survey Reveals Sober Executive Outlook

A poll of industry leaders shows that executives expect a long wait before normal business comes back.
The findings are based on a special late March survey of the CPE 100, an invited group of industry leaders representing a broad cross-section of business areas.

A poll of industry leaders shows that executives expect a long wait before normal business comes back.

Cushman & Wakefield's Curtis Foster and Jerry Shifrin represented the owner of the 300,000-square-foot property. A clean...
04/02/2020
Cushman & Wakefield Negotiates New Jersey Office Lease

Cushman & Wakefield's Curtis Foster and Jerry Shifrin represented the owner of the 300,000-square-foot property. A cleaning supplies distributor will occupy roughly 10 percent of the building.

The company's Curtis Foster and Jerry Shifrin represented the owner of the 300,000-square-foot property. A cleaning supplies distributor will occupy roughly 10 percent of the building.

Catch up on our most important stories, interviews and analysis for last month.
04/02/2020
CPE’s March 2020 Must-Reads

Catch up on our most important stories, interviews and analysis for last month.

Catch up on our most important stories, interviews and analysis for last month.

In an interview with CPE, CBRE’s global president of Debt & Structured Finance weighs in on the capital markets' current...
04/02/2020
Q&A With CBRE’s Brian Stoffers

In an interview with CPE, CBRE’s global president of Debt & Structured Finance weighs in on the capital markets' current environment and recent actions by the Fed.

Read the full interview.

CBRE’s global president of Debt & Structured Finance weighs in on the capital markets' current environment and recent actions by the Fed.

Even before challenges presented by the coronavirus pandemic, high construction costs were making some deals impossible ...
04/02/2020
Construction Costs Continue to Rise in 2020

Even before challenges presented by the coronavirus pandemic, high construction costs were making some deals impossible to pencil.

Even before challenges presented by the coronavirus pandemic, high construction costs were making some deals impossible to pencil.

The U.S. Department of Labor’s weekly unemployment claims report, released on Thursday morning for the week ending on Ma...
04/02/2020
Unemployment Claims Top 6.6 Million

The U.S. Department of Labor’s weekly unemployment claims report, released on Thursday morning for the week ending on March 28, showed a total of more than 6.6 million initial claims, doubling from last week.

Check the full story!

The new figures, released this morning, come on the heels of the previous week's record of almost 2.3 million.

Economists expect this week’s unemployment claims number to jump well beyond the record 3.3 million filed last week.
04/01/2020
US Braces for More Job Losses

Economists expect this week’s unemployment claims number to jump well beyond the record 3.3 million filed last week.

Economists expect this week’s unemployment claims number to jump well beyond the record 3.3 million filed last week.

Wells Fargo provided the floating-rate loan, while Cushman & Wakefield facilitated the transaction.
03/31/2020
Iconic Manhattan Skyscraper Lands $510M Refi

Wells Fargo provided the floating-rate loan, while Cushman & Wakefield facilitated the transaction.

Wells Fargo Bank provided the floating-rate loan for the revamped 120 Broadway building.

An investor has jumped on the rare chance of owning a storefront on West Hollywood’s Melrose Avenue, in suburban Los Ang...
03/31/2020
High Street Retail in West Hollywood Trades for $21M

An investor has jumped on the rare chance of owning a storefront on West Hollywood’s Melrose Avenue, in suburban Los Angeles.

Blatteis & Schnur of Los Angeles purchased the storefront on Melrose Avenue that is currently leased to Lululemon and Joe & The Juice.

CBRE represented the sellers in CBRE Global’s acquisition of Herenstaete, which marks the firm’s second office purchase ...
03/31/2020
CBRE Global Buys Historic Office Asset in Amsterdam

CBRE represented the sellers in CBRE Global’s acquisition of Herenstaete, which marks the firm’s second office purchase in Amsterdam in roughly six months.

Herenstaete, an iconic 64,600-square-foot property, is currently undergoing a sweeping renovation that will yield modern, sustainable office space while preserving historically significant features.

The new revolver and term loans’ maturities were extended, inclusive of extension options, to 2025.
03/31/2020
Americold Refinances $1.2B+ Unsecured Credit Facility

The new revolver and term loans’ maturities were extended, inclusive of extension options, to 2025.

The transaction expands the REIT’s borrowing capacity and reduces its cost of capital, while extending debt maturities and increasing liquidity.

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