National Commercial Real Estate News From CoStar Group
Real Estate Firm Seizes On New Opportunity to Expand Access to Investors
Broadstone Real Estate, a property and asset management firm that sponsors two private REITs and manages commercial and residential properties in 27 states, wasted no time jumping on new relaxed federal rules that went into effect this week for raising investment funds.
The Rochester, NY-based company became the first real estate firm to take advantage of the latest provision to go into effect from the Jumpstart Our Business Startups Act (or 'JOBS...
ProLogis Leverages Foreign Trade for Leasing, Development Success
ProLogis, one of the largest developers of industrial space worldwide, is a big believer in foreign trade zones (FTZ).
The big industrial property REIT noted that the average vacancy rate in its industrial parks that have the foreign trade zone designation hovered at less than 3% since the end of 2011 through the first quarter of this year.
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Given that level of performance, ProLogis pursued and...