National Commercial Real Estate News From CoStar Group
A Shale Game: Energy Industry Triggers Demand for Prime Real Estate
Growth in the domestic energy industry is driving heated demand for prime real estate, predominantly in a handful of cities where the oil and gas industry is booming. That growth is expected to create more than 3.5 million American jobs by 2035, including 700,000 in the next two years alone.
While energy production is the direct growth driver, much of the commercial real estate demand is coming from affiliated industries and thus driving growth...
CalSTRS Moving To Reduce Risk in its CRE Portfolio
Adopting a theme for the coming year of “focusing on what matters most,” the California State Teachers Retirement System (CalSTRS) with nearly $166 billion in assets will look to move more of its real estate investments to core assets.
CalSTRS’ investment committee presented its 2013-14 fiscal year business plans to the full board this month. The real estate plan calls for moving more of its holdings out of opportunistic assets into the core category...