Public Storage has acquired 24 properties with 2.3 million square feet of space from Beyond Self Storage in the first phase of a 36-property portfolio transaction totaling 3.6 million square feet and valued at $528 million. The first phase includes existing properties...
How Buildings Got to be So Smart
Smart building technology has arrived and is rapidly changing the landscape of commercial office space. For example, an unused conference room where the sun streams through uncovered windows, thus heating up the space, is not the best use of the space. Additionally,...
Multifamily REITs Are Once Again in Acquisition Mode
Multifamily REITs have shown more appetite for new acquisitions this year. “REITs have very much returned to the market,” says Andrew Rybczynski, senior consultant at research firm the CoStar Group. After years of counting their pennies, REITs are once again major...
Unfolding Trends That Will Dominate the Next Year
In a prestigious office tower minutes away from Philadelphia’s City Hall in the heart of its downtown, you can find a Primrose school, one of a national system of accredited private preschools. You can also find one at a 53-acre mixed-use community in Brookhaven, GA,...
Why is Healthcare Real Estate a Solid Investment?
What will 2020 bring in regard to new development, leasing, and financing in healthcare? That was one of the many questions tackled by panelists at the recent GlobeSt. Healthcare Real Estate Conference held here this week. In one particular panel, for example,...
How Master Planning Helps the Future of Science Learning
For many institutions, this has been a call-to-action to challenge the status quo and plan for the future in a new way — creating master plans that focus on data-driven outcomes that will sustain and advance their long-term goals. For departments of science, the...
Why Own a Property When You Can Profit From the Dirt Below?
Instead of buying or developing buildings, more commercial real-estate investors want only the ground beneath them. The practice of separating a property from the land, and then renting out that ground to a developer on a long-term basis, is known as creating a ground...
Takeaways from NYUSPS Schack Institute’s Capital Markets Conference
The Annual Conference on Capital Markets in Real Estate, hosted by the New York University School of Professional Studies’ Schack Institute, gathered commercial real estate finance and investment pros to discuss some of the biggest trends shaping finance and...
U.S. Hotel Construction Pipeline Continues Its Year-Over-Year Growth
In its fall report, buoyed by a steady consumer-driven economy, analysts at Lodging Econometrics (LE) reported that the total U.S. construction pipeline stood at 5,704 projects/700,496 rooms, up 6% by projects and 8% by rooms year-over-year (YOY). Pipeline totals...
Lenders Still Want Parking in Apartment Builds
There is a lot of focus on parking in Southern California today. With ride sharing, the growth of public transit and even the potential for autonomous vehicles in the future, developers are wondering if the current parking regulations are outdated. San Diego took a...
Multifamily Construction Market Remains Strong Heading into 2020
Multifamily housing will remain a robust market for A/E/C companies heading into 2020, according to the most recent results of PSMJ’s Quarterly Market Forecast (QMF) survey. For the third quarter of 2019, the survey found that less than 9% of the nearly 100...
CRE Momentum to Continue into 2020 But One Sector Will Lag
The market for commercial real estate from occupiers and investors has continued to be relatively flat overall in the third quarter. The latest Commercial Property Monitor from international real estate body RICS reveals generally solid conditions for the office and...
Two Companies Are Dominating the Battle for Warehouse Space
It’s the year of the warehouse mega-deal, and the two largest players are running away from the pack. Blackstone Group Inc. and real estate investment trust Prologis Inc. are locked in an Amazon-fueled acquisition battle, gobbling up U.S. warehouse space in a bid to...
Tech Industry Main Driver of U.S. Office Leasing Activity in 2019
According to CBRE's annual Tech-30 Report, the tech industry has claimed an increasingly larger share of major U.S. office-leasing activity as real estate and economic indicators point to continued momentum for the sector over the next two years. The report measures...
Fed Interest Rate Cuts Won’t Drive New Construction, But Still Good News
The Federal Reserve’s two interest rate cuts this year generally bode well for the real estate market, although it doesn’t necessarily feed more construction. The Fed lowered the benchmark interest rate in July for the first time since the Great Recession a decade ago...
Institutions Continue to Raise Real Estate Allocations in 2019
An annual report from Hodes Weill and Columbia University shows real estate remains a preferred asset class among global institutions. Global institutions continue to raise their allocations to real estate, according to the latest Allocation Monitor survey from Hodes...
How Landlords Are Reaping the Benefits of Coworking
When coworking first entered the industry, building owners had little direct involvement in the business. Coworking providers would sign a lease and sublet the space to coworking tenants who would pay for individual desks, offices and conference rooms. Ideally, the...
Two ULI Reports Foresee a Solid Real Estate Market Through 2021
The current record-setting expansion in the U.S. economy and its real estate sector, which dates back to the start of this decade, should continue through 2021, but at a moderated pace. That’s the consensus prediction, based on a recent survey of 41 economists and...
Vester Square Development Would Create Shopping, Dining, Park Campus in Ferndale
East of downtown Ferndale, a cluster of businesses and parking lots could start to slowly morph into a multifaceted dining and shopping campus. Vester Square — a three-phase redevelopment project estimated to cost $20 million-$25 million— is making its way through...
CRE Spreads Normalize, Sector Performance Diverges at Midyear
Mid-2019 brought noted change in spreads and divergence in property sector performance to the U.S. commercial real estate sector, according UBS Asset Management’s third U.S. Real Estate Summary report. However, the industry in general is set to continue to thrive...
U.S. Multifamily Lending Spiked 19 Percent in 2018 to Record High $339.2 Billion
According to the Mortgage Bankers Association's annual report of the U.S. multifamily lending market, favorable market conditions helped spur a 19 percent increase in multifamily lending in 2018 to a new high in dollar volume. Last year, 2,669 different multifamily...
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