Wednesday, May 29, 2013

Investors Bet Tiny Micro Apts. Can Yield Outsized Returns

National Commercial Real Estate News From CoStar Group

Investors Bet Tiny Micro Apts. Can Yield Outsized Returns

In keeping with the current 'small can be beautiful' trend in corporate office space and storefronts, studio micro apartment units are getting a long look from developers and investors hoping to maximize returns in several of the nation's most heated multifamily markets.

From Boston, New York City and Washington, D.C., to San Francisco and Southern California, builders are proposing new apartment projects with significant mixes of ultra-small units...

ARCP To Sweep Up 70 NNN Properties in $2.2 Billion CapLease Merger

Undeterred after its overtures were rebuffed by Cole Credit Property Trust III, American Realty Capital Properties Inc. (ARCP) quickly moved on to its next acquisition target, striking a deal to acquire CapLease (LSE) in a transaction valued at $2.2 billion.

With this acquisition, ARCP will add more than 70 properties to its portfolio, raising its profile to become the third largest net lease real estate investment trust in the U.S. based on total...

Global Economy, Tech Demands Reshaping Skillsets of CRE Brokers

Although the escalating commercial real estate recovery may reinforce the sense that "it's back to business as usual," to those responsible for recruiting brokers in the CRE industry, 2013 hardly seems like business as usual at all.

More and more brokerage firms are actively recruiting new prospects who possess highly specialized experience and skillsets capable of understanding and addressing the real estate needs of firms across the technology...

State Farm to Occupy $600M Development In Phoenix Area

Ryan Companies US, Inc. and Sunbelt Holdings will develop a $600 million, five-building campus in Tempe, AZ, to be occupied by anchor tenant State Farm as its regional headquarters.

After leasing 250,000 square feet in the fourth quarter amid unconfirmed reports about occupying a new development, State Farm announced in a joint release with the city of Tempe that it will anchor the mixed-use project near Tempe Town Lake on land owned by Arizona...

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