National Commercial Real Estate News From CoStar Group
JLL Buys Means Knaus, Adds 16 MSF to U.S. Property Management Portfolio
Jones Lang LaSalle’s acquisition of Houston-based third-party property management company Means Knaus Partners (MKP) adds 16 million square feet of office space under management to JLL’s portfolio.
MKP manages 80 office properties across the U.S., primarily in Chicago, Dallas, Houston, Denver, Los Angeles, Orlando and Tampa, FL.
The acquisition will give JLL the number-one commercial property manager position in Orlando and the number-two spot...
CRE Construction Recovery May Gain Steam After Slow Start
A new report by Fitch Ratings predicts that the pace of new U.S. nonresidential construction will likely pick up headed into 2014, bolstering forecasts by CoStar Group economists during midyear economic reviews who expect modest rises in new supply for some commercial property segments.
Another leading indicator for construction, the Architecture Billings Index (ABI), also shows that the building sector should see solid -- if still not exactly...