Self storage continued to prove its resilient nature in October, with significant improvement in street rate performance across the U.S. On a year-over-year basis, street-rate rents increased 2.7 percent for the average 10×10 non-climate-controlled and 0.8 percent for...
Billionaire Andrew Carnegie famously said that 90% of millionaires got their wealth by investing in real estate. We wanted to know: Is this still true? Is investing in real estate still a good idea? According to these nine Advisors in The Oracles, who made millions by...
With 10 states plus Washington, D.C., legalizing cannabis for recreational use and medical marijuana legal in another 23 states, the marijuana industry is providing an opportunity for those in the commercial real estate to dip their toes into something new. According...
In 2016, Harvard Business Review released a study ranking how digitally advanced the different sectors of industry were. Real estate ranked below mining and just above agriculture and hunting. In the three years since, we have witnessed the rise of proptech, which is...
Ten years since the economic expansion started after the Great Recession, commercial real estate remains strong. Many real estate professionals and investors expected markets, including real estate, to contract sooner, entering hyper-supply. At the 2015 CCIM...
The Urban Land Institute’s and PwC’s Emerging Trends 2020 report finds real estate will continue to be a favored asset class even as the economy readies for a “downshift” and other uncertainties loom. But it warns against complacency as the industry prepares for a...
Ford Motor Company is currently undertaking a massive redevelopment of Michigan Central Station in Corktown. Meanwhile, it just released new plans for a total overhaul of its Research and Engineering Center in Dearborn. After a two-year planning phase, lead architect...
According to a new report from CBRE, the flexible office space footprint in Manhattan has tripled to 15 million square feet over the last five years as providers' offerings have evolved, new players entered the market and new flexible space models have arisen....
On September 4, Soave Real Estate officially marked the opening of Elton Park, a 151-unit, mixed-use development off Trumbull Avenue just north of Michigan Avenue in Corktown. The total cost of the project, which began in May 2017, was $150 million. “What had been for...
According to the latest research from CBRE, U.S. net-lease investment is outpacing the broader commercial real estate market in 2019, with increasing demand from both foreign and domestic investors for office and industrial assets. Net-lease investment--comprising...
According to CBRE's latest U.S. Data Center Trends Report, driven by demand from large cloud and enterprise users, U.S. data center leasing is on pace to exceed 2018's record-setting year. The seven primary U.S. data center markets saw 171 megawatts (MW) of net...
Keeping tabs on the threats and volleys of the Trump Administration’s trade disputes is its own full-time job. By the Peterson Institute for International Economics’s count, it’s a war being fought on no fewer than five fronts, including skirmishes over intellectual...
In late August, investment firm Starwood Capital Group bought 21 affordable housing properties in Florida and Texas containing a total of 4,448 apartment units. According to Mark Keatley, managing director at Starwood Capital, the firm is “confident this portfolio is...
Citing changes in the depth and timing of an expected slowdown in the U.S. economy, CBRE hospitality experts are predicting a deceleration in demand for hotel guestrooms now through 2020 and have lowered forecasts for RevPAR. The good news is the outlook for 2021 has...
UBS Asset Management’s Real Estate & Private Markets, one of the largest asset managers of commercial real estate, just released its latest report. The study, which outlines how the change in the global economy has and will impact commercial real estate around the...
For the first time ever, according to Sound Transit officials, light rail track is being installed on a floating bridge—the Interstate 90 Homer M. Hadley Memorial Bridge connecting Seattle to Bellevue as part of a $3.7-billion East Link Extension. Getting side-by-side...
Smaller apartment units are outperforming units with more square footage on rent, prompting developers to increase the number of smaller one-bedrooms in their projects, according to industry sources. The smallest 25 percent of one-bedrooms in the U.S. have lower...
In less than three years, New York City-based GFI Capital Resources Group, Inc. more than doubled its investment in the Hilton Garden Inn Detroit Downtown. GFI reports it has sold the 10-story 198-key hotel property for $59 million to Inland Realty Group. GFI...
The Fed’s interest rate cut is unlikely to boost commercial real estate values, according to industry sources. The Federal Reserve cut its key interest rate by a quarter percentage point on Wednesday to insure the U.S. economy against downside risks from weak global...
There is a lot of money to be made in commercial real estate. In many positions in our industry, people can earn from $80,000 to almost $250,000 between salary and bonuses. That’s certainly a lot of money. But when you’re talking about going into seven figures in...
PGIM Real Estate offers in its Global Outlook report an interesting stat: In real terms global all property prime capital values have increased for 36 consecutive quarters—a longer unbroken run of growth than at any time since at least 1980. The cycle’s ongoing...
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