National Commercial Real Estate News From CoStar Group
Peaking of Class A Sales May Portend Stronger Office Investment Activity
After surging sale prices caused them to fall slightly out of favor for a while, Class A office buildings may again set the pace for an improved outlook for investment sales through the end of the year.
The monthly sales volume of Class A office buildings began to edge down in November 2011 when the average price per square foot achieved a post Great Recession high of $263 per square foot. Monthly sales volume hit a nadir in May 2012, according...
American Realty Charges into Hotel Property Arena
Intending to launch a new hotel REIT and become as big a player in the hospitality property sector as it has in net-leased propertry, AR Capital LLC this week bought a controlling interest (60%) in Crestline Hotels and Resort Inc. from Grupo Barcelo, a hotel company based in Majorca, Spain.
ARC paid $5.4 million for its share of Crestline, the 17th-largest hotel manager in the U.S., and said it expects the Fairfax, VA-based company will be instrumental...
U.S. Property Investors Widen Hunt for Yield
Prices for U.S. commercial property continued to rebound from their post-recession lows as investors hunt for higher returns and take advantage of more favorable liquidity conditions to expand their property holdings across more secondary markets and asset classes.
According to the latest CoStar Commercial Repeat Sale Indices (CCRSI) released this week, pricing trends maintained their positive trajectory based on commercial property sales through...