COMMERCIAL REAL ESTATE HEADLINE NEWS

 
 

CRE Headline News

Commercial Property Executive

  • Executive Q&A: Nuveen’s New CIO
    Carly Tripp discussed how the global investment manager is remaining disciplined and focused on long-term strategy while being flexible and open-minded.
    - 2 days ago 19 Apr 19, 7:36pm -
  • February 2019
    On a year-over-year basis, the February starts of buildings with five or more units were 5.4 percent below its February 2018 level.
    - 2 days ago 19 Apr 19, 7:05pm -
  • Apartment Jobs Snapshot for Q1 2019
    The NAAEI monthly metro ranking showed Denver on top in terms of the concentration of jobs in apartments versus other property sectors.
    - 2 days ago 19 Apr 19, 7:01pm -
  • Commercial and Multifamily Mortgage Originations Index
    The market as a whole ended the year roughly flat compared to 2017, continuing a plateau we’ve seen in mortgage borrowing and lending since 2015.
    - 2 days ago 19 Apr 19, 6:40pm -
  • March Pricing Remains Flat
    The Ten-X Commercial All Property Index increased 0.2 percent in March from February, but the year-over-year momentum in price continued to slow, to 1 percent.
    - 2 days ago 19 Apr 19, 6:15pm -
  • 2019 REIT Returns
    As of March 29, publicly traded U.S. Equity REITs posted a 19.7 percent one-year total return.
    - 2 days ago 19 Apr 19, 6:09pm -
  • Global Property Index
    Capital growth was positive in all the markets though in the U.K. it was just 0.6 percent.
    - 2 days ago 19 Apr 19, 5:59pm -
  • Vocon Completes Cleveland HQ Renovation
    The company has been occupying the two-story building in the downtown area since 2005 but needed a larger, more flexible space to accommodate growing staff.
    - 2 days ago 19 Apr 19, 5:47pm -
  • Portland Hotel Opens After Renovation
    The 174-key Hotel Zags Portland, which completed a major renovation and rebranding project, is part of Pebblebrook’s “Unofficial Z Collection”.
    - 2 days ago 19 Apr 19, 5:17pm -
  • Special Servicing Rates
    The Trepp Special Servicing Rate fell by 14 basis points to 3.5 percent in February, as we continue to see a steady reduction in the volume of CMBS loans that are in default.
    - 2 days ago 19 Apr 19, 5:15pm -

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  • Vornado Sells 45% Stake in Midtown Retail Portfolio
    Vornado Realty Trust has sold a 45.4% stake in its Upper Fifth Avenue and Times Square retail portfolio to Crown Acquisitions Inc. The deal for a newly-formed joint venture values the portfolio at nearly $5.6 billion, and Vornado is retaining 51% of…
    - 2 days ago 19 Apr 19, 10:44am -
  • Where Retirees Are Headed, and Where They’re Coming From
    For decades, it has been a cliché: retirees pulling up stakes from harsher winter climes up north, and living out their golden years along Florida’s Atlantic or Gulf coasts, in the shadow of palm trees. In 2019, the reality may be a little differe…
    - 2 days ago 19 Apr 19, 7:27am -
  • MIG Sells Sorrento Mesa’s Cornerstone Office Center
    Newport Beach, CA-based MIG Real Estate divested Cornerstone Office Center in San Diego’s Sorrento Mesa submarket to an undisclosed private investor for $9.5 million. The 100%-leased asset is a three-story, 43,210 square-foot Class B office buildin…
    - 2 days ago 19 Apr 19, 7:25am -
  • Apollo Acquiring Smart & Final Again in $1.1B Deal
    Commerce, CA-based Smart & Final Stores, Inc. entered into a definitive merger agreement with certain investment funds managed by affiliates of Apollo Global Management, LLC in a deal valued at roughly $1.12 billion. The Apollo Funds will acquire all…
    - 2 days ago 19 Apr 19, 7:24am -
  • Sears Lawsuit Accuses Former CEO of “Asset Stripping”
    The estate of Sears Holdings has filed suit against former chairman and CEO Eddie Lampert, charging that he and former board members stole billions from the beleaguered retailer, once the world’s largest, during the long run-up to its Chapter 11 fi…
    - 2 days ago 19 Apr 19, 7:24am -
  • Equity Financing Arranged for $320M MF Development in San Francisco
    HFF arranged joint venture equity for the development of 1629 Market Street, a fully-entitled, 420-unit multi-housing project in San Francisco. Working on behalf of the developer, Strada Investment Group, HFF arranged a JV equity partnership with an…
    - 2 days ago 19 Apr 19, 7:23am -
  • Leasing Activity at Irvine Co.’s ‘The Launch’ Takes Off
    Irvine Company announced that 18 companies leased nearly 83,000 square feet at the newly- reminted “The Launch” in Irvine, CA. The activity brings the two-building, 120,000-square-foot creative workplace community across from John Wayne Airport t…
    - 2 days ago 19 Apr 19, 7:22am -
  • Scopely to Expand HQ at Runyon’s Platform in Culver City
    Scopely signed a 60,000-square-foot office lease at Runyon Group’s Platform in Culver City, CA. The interactive entertainment and mobile games company is collaboratively working with Runyon to build out an under-construction space at 8888 Washingto…
    - 2 days ago 19 Apr 19, 7:21am -
  • L.A. County Leaders Call for More City Collaboration on Homelessness
    Cities across Los Angeles County are being challenged to work more collaboratively to solve a growing homelessness issue. The L.A. County Board of Supervisors voted this week to find ways to address what is becoming a larger regional problem. Among t…
    - 2 days ago 19 Apr 19, 7:20am -
  • JLL Hotels Adds Capital Markets Veteran Mahl
    Michele Mahl has joined JLL Hotels & Hospitality as EVP, based in Manhattan. She was most recently with NKF’s lodging capital markets group, and prior to that was a tenured member of Eastdil Secured’s hotels team. Mahl will report to Jeffrey D…
    - 2 days ago 19 Apr 19, 7:07am -
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