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International Beat 

London's Big Deal London's office space market is about to get a whole lot bigger with 51 new developments starting construction in the six-month period from October 2015 to March this year. It's the highest level of construction in 20 years, according to Deloitte Real Estate's London Office Crane surv

Market Trends 

LITHC Effect Every year, the federal Low Income Housing Tax Credit program budgets nearly $8 billion for state and local tax credits to encourage developers to renovate and build affordable housing, according to the U.S. Department of Housing and Urban Development. Since 1987, more than 2.6 million housin

Global Outreach 

As investors continue their search for stability and yield, accelerated capital flows into global real estate are set to continue in 2015. Macro and micro economic, demographic, and global shifts — coupled with increasing allocations from sovereign wealth funds, pension

Regional Outlook 

Midwest Pittsburgh's Big Deal Pittsburghers are mourning the closing of the downtown Macy's, housed in the iconic Kaufmann's department store building, a Pittsburgh landmark known for its signature clock. No worries, says Philadelphia-based Core Realty, which bought the property for $15 million,

Regional Outlook 

South Florida’s Big Deal Florida’s net lease market is one of the nation’s most active, according to a recent report by Calkain Cos. and Beshears & Associates. Banks have the lowest asking and sales cap rates, averaging 4.95 percent and

International Beat 

India's Big Deal Office space absorption in India's major cities rose at the blistering pace of 46 percent, or 10.2 msf, from April to June 2016. New Delhi and Bangalore accounted for almost 50 percent of the office space, according to CBRE. Despite a muted global economy, India continues to be a preferre

Market Trends 

3 Trends for 2015 Raymond Torto, Harvard University lecturer and recently retired CBRE global chief economist, and Douglas Poutasse, executive vice president and head of strategy and research at Bentall Kennedy, cited three positive real estate trends in their remarks

Regional Outlook 

Investment is booming in San Francisco | Uber and Lyft ride sharing affects CRE sector | Nashville hotel rates grow with increase in tourism | Low oil prices and bigger business profits | Construction in Chicago is big | Boston's warehouses drive vibrant industrial market | Twin Cities multi-tenant market fundamentals continue improvement

Regional Outlook 

Mid-Atlantic New York City's Big Deal An affiliate of the Hyatt Hotels has sold the Andaz Fifth Avenue New York Hotel in Midtown Manhattan to Takenaka Corp., a Japanese architecture, engineering, and construction company with capital estimated at 50 billion yen, for $215.2 million - one of the largest

Market Trends 

At the Asia-Pacific Hotel conference this fall, one of the big players in the China market focused on the U.S. market, according to a HNN.com report. “One of the more interesting strategies we have is in the U.S.,” said Kenneth Gaw, president and managing principal for Hong Kong-based Gaw Capital Partners, a

International Beat 

 

Regional Outlook 

West Seattle's Big Deal In a former sushi restaurant in Seattle's  University Village Shopping Center, Amazon opened its first-ever physical bookstore last November. At 5,500 sf and about 2,000 sf for storage, it is about the size of a traditional independent bookstore, but woefully smaller than the 4

International Beat 
CIRE Magazine (Jan/Feb 2017): A look at the latest in commercial real estate industry around the globe.
Market Trends 

Urban World to Change the Future What is old is new again as the world shifts its focus once more toward urban centers, according to the McKinsey Global Institute. Three demographic groups are set to generate 50 percent of all global urban consumption growth through 2030. Foremost is the retiring and

Market Trends 

Global financial market volatility is boosting  investment in U.S. properties, encouraging many to focus on capital preservation and asset stability rather than yield. Rather than the flashy sales often reported, most international acquisitions are smaller assets  purchased through funds and domestic intermediaries. Yet the totals are impressive at more than $90 billion of commercial real estate purchases in 2015, accounting for  17 percent of the market volume. Due to the strength of the U.S. dollar, international buyers comprised 11 percent of all U.S. properties in the first half of 2016, according to Marcus & Millichap.

Market Trends 

U.S. industrial markets absorbed 74.9 msf in the third quarter of 2016, rising 29.1 percent compared to third quarter of 2015, according to Cushman & Wakefield. To date, the industrial sector has posted 26 consecutive quarters of net occupancy gains. “The indicators we monitor, such as containerized traffic, transportation indices, and consumer confidence, are still trending in a positive direction, which should continue to translate into robust industrial leasing activity,” says Kevin Thorpe, global chief economist at Cushman & Wakefield in Washington, D.C.

International Beat 
Leadenhall Building in London was purchased for $1.42 billion | 2016 European transaction dips from record levels. | China leads real private consumption growth based on 2016 forecasts.
Regional Outlook 

Foreign Capital Buys Offices In 2014, foreign capital was particularly focused on office assets, purchasing $17 billion of U.S. office properties, according to CBRE. That amount represents 45 percent of last year’s foreign investment in U.S. commercial real estate. More

Regional Outlook 

Market Trends 

Auto Parts Drive Net Lease Market Auto parts stores remain in high demand by net lease investors in the $2 million and under sales category, according to The Boulder Group. Small investors favor auto parts stores over dollar stores because they tend to be located in primary and secondary markets near bigg

Regional Outlook 

Houston's office market may rise again. | Top 5 multifamily markets with the highest 2017 expected completions and absorption. | Low office vacancy rates in Boston. | Industrial markets in California and Miami are strong | Hotel market grows in Charlotte, N.C.

Today’s Site Selection 

Foreign Capital Buys Offices In 2014, foreign capital was particularly focused on office assets, purchasing $17 billion of U.S. office properties, according to CBRE. That amount represents 45 percent of last year’s foreign investment in U.S. commercial real estate. More

Mixed Signals 

Commercial real estate financing is still relatively cheap and fairly accessible, but there is room for volatility. With a Trump administration, the Brexit vote, and an increasing 10-year Treasury Note rate, a lot can change in the commercial real estate lending in the coming months.

Regional Outlook 

East Boston’s Big Deal Boston traversed the $1,000 psf mark for office properties last fall when JP Morgan Chase and Oxford Properties Group closed on the $1.3 billion sale of two Back Bay office buildings, 500 Boylston St. and 222 Berkeley St., purchased from Blackstone Group. The 1.3

International Beat 

Canada’s Big Deal German billionaire Klaus-Michael Kuehne has reportedly bought one of Vancouver’s prize office towers, the 36-story Royal Centre, for about CA$425 million, or CA$725 psf, from Brookfield Office Properties. The deal traded at a 3.7 cap rate, according to The Financial Post,