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.
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 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 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.
A private investor acquired the asset in a 1031 exchange deal.
Vice President Derek Buescher negotiated the deal on behalf of the seller, Stratis-Mesa Properties.
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 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.
Following last month’s crash, the price of U.S. oil plummeted to a historic low on Monday, dipping into negative numbers for the first time ever.
The price of U.S. oil sank into negative territory for the first time in history.
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.
Kidder Mathews assisted the buyer.
The company plans to repurpose the 113,500-square-foot building into a last mile distribution center.
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 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 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 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.
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.
#coronavirus
Large-scale furloughs underscore the challenges in the industry as chains like T.J. Maxx temporarily close their doors.
JLL Capital Markets represented the seller and procured the buyer.
American Landmark Properties Corp. has sold the Class A office assets for $24.1 million.
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 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 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 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 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 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 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.
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 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.
Mack Real Estate Credit Strategies provided the financing.
Mack Real Estate Credit Strategies provided the financing on behalf of GBT Realty Corp. and its joint venture partner.
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 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.
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 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, 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.
Ending a steady streak of gains, the new figures are a strong hint at what's to come in April.
Ending a steady streak of gains, the new figures are a strong hint at what's to come in April.
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 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.
Catch up on our most important stories, interviews and analysis for last month.
The company is planning a $1 million renovation of the former creamery, which dates back to the 1920s.
The company is planning a $1 million renovation of the former creamery, which dates back to the 1920s.
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 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 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.
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.
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 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 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.
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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VIDEO: Flexible office is becoming a core feature of the real estate market as tenants raise their expectations and landlords respond.
VIDEO: Buildings these days feature more than attention to sustainable construction and practices meant to help save the planet, they commit to factors that greatly improve people’s health and comfort, such as ample daylight and better indoor air quality.
VIDEO: Catch up on our most read stories, interviews and rankings for last month.
Catch up on our most read stories and interviews for last month.
Watch the video to find out what you should expect from key CRE sectors in the year ahead.
📹Preferences are shifting, according to Jennifer Mejia, director with Gensler, who sat down with CPE at the NAREE Real Estate Journalism Conference to outline some of the most significant findings of the architecture and design giant’s most recent U.S. Workplace Survey.
📹Watch the video for a sneak peek into Atlanta's office market. 📊You can find the full report here: https://www.cpexecutive.com/post/atlanta-office-report-spring-2019/
Counselors of Real Estate chair Julie Melander takes a more intensive look into the key issues impacting the commercial real estate industry this year. She examines the issues with the greatest surprise factor and the biggest impact—and offers advice to prepare for what’s to come.
CPE’s newest set of Stars to Watch surpass expectations, differentiating themselves and carving niches in areas ranging from senior housing to net lease to investment through crowdfunding in markets stretching from Los Angeles to Chicago to Birmingham, Ala. Watch the video ⤵️ and find the ebook here: 📌https://www.cpexecutive.com/post/cpe-presents-the-2019-stars-to-watch/
The June Digital Issue of CPE Is Now Available! Watch our teaser and click on the link to find articles that you're interested in:https://www.cpexecutive.com/post/the-june-digital-issue-of-cpe-is-now-available-3/ ⬇️
Executive Managing Director Alan Weisman of Lee & Associates provides insight into New York City's industrial warehouse market, revealing the changes the industry has faced during the past few decades.
This list showcases the top executives of 2018, who have been singled out by peers, clients and employees for outstanding performances that have resulted in historic developments, landmark deals and record-breaking transactions. Watch the video to see the winners:
James Segil, president & co-founder of OpenPath Security, reveals the reason why mobile access tech is the next generation of security and workplace automation
Now you can get trend and strategy insights two different ways: Leaf through the Commercial Property Executive digital digest for a quick read or click on individual articles below for an in-depth look at the topics that most interest you.
CPE sat down for a live chat with Amanda Bogner, president and founder of Omaha-based Energy Studio and recipient of the 2018 CREW Impact Entreprenurial Spirit Award, at CREW's annual convention in San Diego.
CPE is live with Amanda Bogner, president and founder of Energy Studio and CREW Impact award winner in San Diego at the 2018 CREW Convention and Marketplace
Cushman & Wakefield Americas Head of Research Revathi Greenwood sits down with CPE Editorial Director Suzann Silverman to offer insights into the 2020 outlook she presented at the National Association of Real Estate Editors annual real estate journalism conference in Las Vegas.
Counselors of Real Estate Chair Joseph Nahas Jr. sat down with CPE to evaluate the top issues impacting the real estate sector, both currently and in the long term, during the National Association of Real Estate Editors real estate journalism conference in Las Vegas in mid-June.
Now you can get trend and strategy insights. Read the April digital issue of Commercial Property Executive! Find it here: https://www.cpexecutive.com/digital-magazine-archive/
Join Latch on this @Multi-Housing News webinar to learn how smart access systems can deliver benefits beyond security and convenience.
Now you can get trend and strategy insights. Read the April digital issue of Commercial Property Executive! Find it here: https://www.cpexecutive.com/digital-magazine-archive/
Blackstone and Equity Office are bringing the former Sears Tower into the 21st century with a mega-makeover that will turn the iconic office building into a modern workspace with leisure amenities, technology and experiential dining. Read the full story: https://www.cpexecutive.com/post/first-look-at-the-500m-willis-tower-redevelopment/
Now you can get trend and strategy insights. Read the April digital issue of Commercial Property Executive! Find it here: https://www.cpexecutive.com/digital-magazine-archive/
CPE's Stars To Watch 2018 Ten of the industry’s top young professionals who are achieving success while making a difference for their companies.
We're live at Resource Furniture for #CPEMHN17
We're live at Resource Furniture for #CPEMHN17
Getting ready for the big CPE-MHN awards party!
Economic Symposium at #NAREE16
Economic Symposium
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