National Commercial Real Estate News From CoStar Group
Who’s Afraid of Social Media? CRE Growing Increasingly Comfortable, Sophisticated Using Online Networks
It hasn’t taken commercial real estate practitioners long to shrug off their aversions to “social media” platforms. In fact, over the course of the past year, they’ve quickly moved beyond the basics of the “social” aspect of the term to the more leading-edge - and more nuanced - “media” aspect that includes real time information sharing across multiple platforms to multiple audiences.
And more of us are quickly learning the ins and outs of new...
Wells Mulling Options for 13-Property Office Portfolio
Wells Core Office Income REIT Inc. in Atlanta is weighing options for a portfolio of 13 office buildings purchased for more than $577.6 million over the last three years.
When the REIT went public in June 2010, it originally intended to cash-out the portfolio by July 31, 2020. However, given its relatively “small size,” the REIT said, “a sale of our portfolio or a merger transaction well in advance of 2020 may be in our best interest.”