Friday, May 31, 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...






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...






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...






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...






Will Google, Amazon Hit Data Center Market?




National





Will Google, Amazon Hit Data Center Market?



NEW YORK CITY-In this Second Part of a Two-Part story, we'll talk about some of the other challenges facing the data center market.








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...






Thompson: Housing Opportunities Needed




National





Thompson: Housing Opportunities Needed



IRVINE, CA-In an UPDATE to an earlier story, GlobeSt.com talks apartment trends with Tommy Thompson, newly appointed executive director for the California Apartment Association—South Coast.











Suburban Project Fills Medical Corridor Need



OAK LAWN, IL-Bluestone Healthcare Partners Oak Lawn Medical Office Building is under construction – and is already 80% leased.











ARCP, GE Ink $807M Net Lease Deal



NEW YORK CITY-The acquisition of part of the former Trustreet Properties portfolio will add 471 properties, mainly restaurants, to ARCP’s roster.








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...






Capital? Yes. Viable Deals? Not So Much.




National





Capital? Yes. Viable Deals? Not So Much.



WASHINGTON, DC-The question of where interest rates are heading hovers in the background of all deals, according to a recent survey by The Real Estate Roundtable.








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...






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...






Thursday, May 30, 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...






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...






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...






Lending Wheels Greased, But Only for Big Buys




National





Lending Wheels Greased, But Only for Big Buys



WASHINGTON, DC—The association’s top economist says that while funds are available for large purchases, debt is still tight for smaller-ticker buys.











Cost, Culture at Odds in Workplace Strategy



NEW YORK CITY-“Changing the culture of an organization is one of the hardest things to do” is how CoreNet NY panelist Benjamin Kochanski summed up the challenge of reconciling portfolio and workplace strategies.








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...






Communication Keeps Channels Open




National





Communication Keeps Channels Open



CHICAGO-Having just moved up to senior managing director with Heitman, Kathy Sandstrom will take things global, continuing to collaborate and communicate with her team.








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...






Bradford Calls Pricing "Astonishing"




National





Bradford Calls Pricing "Astonishing"



SAN DIEGO-Zeb Bradford, chief investment officer at Atlanta-based Metzler Real Estate, tells Carrie Rossenfeld that the mood at this month’s ULI Spring Meeting here was much improved over the recent past.











Auction.com: Hospitality Healthy



IRVINE, CA-Hotel deal volume is moving at a strong post-recession pace, and Orange County RevPAR reaches a new high, Chris Muoio of Auction.com tells GlobeSt.com.








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...






CapLease Opens Industrial Doors for ARCP




National





CapLease Opens Industrial Doors for ARCP




CHARLOTTESVILLE, VA-CapLease's portfolio primarily consists of office asset but there is a sizeable industrial piece there as well.











Winn Joins with Roseview on $200M Apt. Fund



BOSTON-Roseview partner Nigel Keenan will oversee acquisitions on behalf of the fund, which is targeting class B and C multifamily assets of 150 units or more.








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...






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...






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...






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...









CoStar Group HQ Awarded LEED Platinum Certification



CoStar Group's remodel of its headquarters at 1331 L Street, NW in Washington, DC has been awarded LEED Platinum Certification for Commercial Interiors ("CI"), the highest level of LEED certification offered by the U.S. Green Building Council.

To earn the LEED Platinum Certification, a project must satisfy a number of requirements during a rigorous evaluation process, including criteria related to efficient building systems, sustainability, water...






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...






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...






State Farm to Occupy $600M Development In Phoenix Area




National Commercial Real Estate News From CoStar Group





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...






JLL: Mfg. Recovery to Tighten Industrial




National





JLL: Mfg. Recovery to Tighten Industrial



IRVINE, CA-In an UPDATE to an earlier story, an increase of high-tech industrial jobs here will bring industrial vacancies below pre-recession levels, JLL’s Jeff Ingham tells GlobeSt.com.








State Farm to Occupy $600M Development In Phoenix Area




National Commercial Real Estate News From CoStar Group





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...






Moody's Upgrades US Banking System




National





Moody's Upgrades US Banking System



NEW YORK CITY-The rating agency has upgraded the US banking system from negative to stable.











Freddie Mac Sees Slowdown on 7-Year K-Deals



WASHINGTON, DC-The GSE just completed its thirteenth in the series but Mitchell Resnick tells GlobeSt.com's Erika Morphy that more borrowers are gravitating to the ten-year loans.








State Farm to Occupy $600M Development In Phoenix Area




National Commercial Real Estate News From CoStar Group





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...






State Farm to Occupy $600M Development In Phoenix Area




National Commercial Real Estate News From CoStar Group





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...






Tuesday, May 28, 2013

State Farm to Occupy $600M Development In Phoenix Area




National Commercial Real Estate News From CoStar Group





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...






State Farm to Occupy $600M Development In Phoenix Area




National Commercial Real Estate News From CoStar Group





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...






State Farm to Occupy $600M Development In Phoenix Area




National Commercial Real Estate News From CoStar Group





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...






State Farm to Occupy $600M Development In Phoenix Area




National Commercial Real Estate News From CoStar Group





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...









InvenSense Leases 130,000 SF for New HQ in San Jose



InvenSense, Inc. (NYSE: INVN), the leading provider of MotionTracking™ devices for consumer electronics like smartphones and tablets, has signed a lease deal for 130,000 square feet at 1745 Technology Dr. in San Jose, CA.

The eight-story, 228,310-square-foot office building was developed by Spieker Properties, Inc. in 2000 on 15.2 acres in the San Jose Airport submarket of Santa Clara County, part of the Concourse at Technology Tower. The...






Case-Shiller: Prices Post Double-Digit Q1 Gains




National





Case-Shiller: Prices Post Double-Digit Q1 Gains



NEW YORK CITY-But the number of homes still in foreclosure and buying-to-rent by investors show that the recovery is “not yet complete,” says S&P Dow Jones’ Blizter.











Johnson Capital Gets Equity For 2 Student Housing Projects



DALLAS—The firm arranged for $18.64 million in joint venture equity financing for developments being built by NRP Group LLC.








State Farm to Occupy $600M Development In Phoenix Area




National Commercial Real Estate News From CoStar Group





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...






ARCP To Buy Caplease for $2.2B




National





ARCP To Buy Caplease for $2.2B



NEW YORK CITY-The shareholders for both operations have approved the acquisition.








State Farm to Occupy $600M Development In Phoenix Area




National Commercial Real Estate News From CoStar Group





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...






Greninger: What'll Be Happening with BOMA International




National





Greninger: What'll Be Happening with BOMA International



WASHINGTON, DC-GlobeSt.com caught up with Rich Greninger, the incoming chair of BOMA International, in this interview.











CRE's Qualms and Questions About Rising Rates



WASHINGTON, DC-It is clear that interest rates are historically low but the question is how quickly will they rise," Real Estate Roundtable's Jeff DeBoer tells GlobeSt.com's Erika Morphy.











Landsmith Pays $48M for SF Homes



HOUSTON-The San Francisco buyer of single-family rentals acquires a total of 455 homes, with more than half of those bought in Houston.











Hi-Tech Mfg. Jobs Increase, JLL Reports



IRVINE, CA-After this sector plummeted for more than a decade, high-tech manufacturing jobs are regaining lost ground, according to a Jones Lang LaSalle report.











Retail Developers' Pipelines Bulk Up



LAS VEGAS-Experts we ran into at ICSC RECon 2013 closing receptions say that tenants are either ramping up new store openings or expediting those already underway.








Monday, May 27, 2013

Top Shelf Seagram Bldg. at Center of Pro Forma Dust-Up Between Ratings Agencies




National Commercial Real Estate News From CoStar Group





Top Shelf Seagram Bldg. at Center of Pro Forma Dust-Up Between Ratings Agencies



Considered to be one of the premier office buildings in Manhattan, with superior amenities, location and architecture, the Seagram Building at 375 Park Ave. continually achieves some of the highest rents per square foot in the country. But its projected future performance has sparked a bit of feud in the bond underwriting world. At the center of the debate is the use of "pro forma" or projected increases in occupancy rates and rents and how they...









Seagram Building: Top Shelf or Not?



Considered to be one of the premier office buildings in Manhattan with superior amenities, location and architecture, the Seagram Building at 375 Park Ave. continually achieves some of the highest rents per square foot in the country. But its projected future performance has sparked a bit of feud in the bond underwriting world.

The iconic New York City office building backs a new single large loan CMBS deal: Citigroup Commercial Mortgage Trust...






Friday, May 24, 2013

CoStar's People of Note (May 19 - 25)




National Commercial Real Estate News From CoStar Group





CoStar's People of Note (May 19 - 25)



This week's People of Note includes the following markets: South Florida, Chicago, Tampa, Los Angeles, and Cleveland.

SOUTH FLORIDA
Avison Young Hires Carlo in Miami
By Justin Sumner

Avison Young, Canada's largest independently-owned commercial real estate services company, has hired Daniel Carlo as a principal in the firm, and managing director of the company's Miami office. In his new role, Carlo will oversee the growth and develo






Assn.: Millennials Will Lead Home Buying




National





Assn.: Millennials Will Lead Home Buying



ORANGE COUNTY, CA-The Orange County chapter of the Building Industry Association of California says this demographic group will drive homebuilding trends and reinvigorate the market.











Davis Group Turns Around Midwest MOB



MINNEAPOLIS-The local firm succeeds in boosting occupancy with IRET Properties' Edina, MN medical office building. More projects are in the works.











Lee & Associates Expands Midwest Presence



INDIANAPOLIS—The commercial broker plans to start its new valuation service in their offices across the country.











Fannie Mae's Multifamily REMIC Still Attracts New Investors



WASHINGTON, DC- Fannie Mae recently priced its fifth Multifamily DUS REMIC for the year, totaling $1.02 billion.











Multifamily Health Still Comes Down to Jobs



NEW YORK CITY-The darling among commercial real estate food groups has a healthy outlook, but that still depends on just one thing . . .








Thursday, May 23, 2013

Blackstone REIT Upsizes Stock Offering




National





Blackstone REIT Upsizes Stock Offering



NEW YORK CITY-An affiliate of the Blackstone Group, Blackstone Mortgage Trust could raise up to $659 million in a stock sale intended to finance acquisition of a loan portfolio.











Lehman Sells Half Its Stake in EQR, AvalonBay



NEW YORK CITY-The sale of a combined 23 million shares of Equity Residential and AvalonBay occurs about a month after the end of a lockup period following Lehman’s sale of Archstone to the two REITs.








Traffic Group Cites Interchange Advantages




National





Traffic Group Cites Interchange Advantages



SAN DIEGO-In an UPDATE to an earlier story, the innovative diverging diamond interchange reduces commercial properties’ impact on public roads, Wes Guckert of the Traffic Group tells GlobeSt.com.











Retailers Adapt, Capture Market Share



LAS VEGAS-In an update to an earlier story, ICSC panelists and attendees say retailers are evolving and embracing new ways to attract customers and improve operational efficiency.








OPERS to Invest $1.3B in US Real Estate




National





OPERS to Invest $1.3B in US Real Estate



COLUMBUS, OH—The Ohio Public Employees Retirement System is looking to make the investments through various avenues including both debt and equity.











First Potomac Prices Offering to Net $91.1M



WASHINGTON, DC-The capital markets have been good to REITs in the last few years.











Self-Storage Gaining Notice



CHICAGO—In this UPDATE to Tuesday’s story, Marc A. Boorstein of MJ Partners explains why investors should consider self-storage real estate on par with other sectors.








Wednesday, May 22, 2013

Fannie Mae to Market $2.2B Legacy CMBS




National





Fannie Mae to Market $2.2B Legacy CMBS



WASHINGTON, DC-The GSE is putting these securities on the market to comply with an FHFA directive to reduce its non-agency portfolio, Kimberly Johnson, Fannie Mae Senior Vice President of Multifamily Capital Markets, tells GlobeSt.com's Erika Morphy.











Saks Reportedly Explores Possible Sale



NEW YORK CITY-The flagship Saks Fifth Avenue store alone is believed to be worth more than $1 billion, the New York Post reported Tuesday.








25 REITs Most Likely To Buy Your Property in 2013




National Commercial Real Estate News From CoStar Group





25 REITs Most Likely To Buy Your Property in 2013



This may well be the year that property owners in secondary and tertiary markets get a chance to cash in on the spending spree of the nation's largest publicly held REITs and real estate operating companies.

The torrid pace of acquisitions seen within this sector over the past two years is expected to continue this year, but with more buyers casting their nets across more markets.

As a whole, public REITs and REOCs doled out more than $54 billion...









Corporate Relocation Activity Picking Up As Business Confidence Rises



As business confidence in the economic recovery deepens, corporate c-suites are at least thinking about when and where to expand their operations.

Although the evidence is largely anecdotal so far, commercial real estate brokers and corporate site selection consultants tell CoStar they've noticed a general increase in the number of corporate expansions and headquarters relocations after sitting on their hands through the recession and early recovery...






A Positive Attitude Seals Deals




National





A Positive Attitude Seals Deals



TAMPA-Sharon Bragg, vice president, Tampa Agency Leasing for Jones Lang LaSalle may not have planned to enter commercial real estate, but find a positive attitude works wonders in negotiations.











Urban Retail Begins and Ends with Design



LAS VEGAS, CA-According to panelists at ICSC’s RECon 2013, best practices for urban retail developments are first to think about design, then community support, and transit and parking issues.











Robotic Parking is Green, Economical



SAN DIEGO-Robotic-parking technology uses less land than standard parking garages, is good for the environment and minimizes crime opportunities, Wes Guckert, CEO of the Traffic Group, tells GlobeSt.com’s Carrie Rossenfeld.











Tech's Influence Provides Retail Opportunity



LAS VEGAS-Randi Zuckerberg, founder and creative director of Zuckerberg Media, and keynote speaker at ICSC, points out how innovations in mobile and tech can give retailers a competitive advantage to retailers today.








Tuesday, May 21, 2013

At ICSC, New Concepts, New Approaches




National





At ICSC, New Concepts, New Approaches



LAS VEGAS-GlobeSt.com networked broadly during ICSC after hours. From Marcus & Millichap's retail trends event to the Diversity Reception to JLL, C&W and Faris Lee cocktail parties. But partying aside, retail execs still spoke frankly to us about market outlook.








Middle Class Fuels Global Shopping Growth




National





Middle Class Fuels Global Shopping Growth



LAS VEGAS-According to ICSC worldwide chairman Brad Hutensky, the shopping center business is exploding—countries like Brazil, China and places in Latin America and the Middle East are leading the way.











Reno Market in Feeding Frenzy



IRVINE, CA-In an UPDATE to an earlier story, an increase of single-family building permits and foreclosures in the Reno market should provide some inventory, but not enough to satisfy demand, according to RealtyTrac.











Healthcare Focus: Seniors, Decentralization



SAN DIEGO-With the over-65 population expanding by 35% in the next decade, and the Affordable Care Act insuring an extra 30 million people, more than 91,000 additional physicians will be needed in the US by 2020, say panelists at a recent healthcare session during ULI Spring here.








Self-Storage Companies Post Great Results




National





Self-Storage Companies Post Great Results



CHICAGO—First-quarter growth increases calls from some to consider self-storage a separate and vital real estate sector.











Subway Plans 3,000 New Stores in 2013



MILFORD, CT-As it participates in this year's ICSC RECon, the Subway restaurant chain reports it plans to add more than 3,000 locations worldwide in 2013.











AFL-CIO's HIT Looks to Create 25,000 Construction Jobs



WASHINGTON, D.C.-GlobeSt.com’s Rayna Katz spoke with the organization’s COO about its ambitious plan to slash the unemployment rate.











Survey Reveals: The Mall Lives



COLUMBUS, OH-A new national survey from Glimcher, unveiled at ICSC, reveals that e-tailing helps, but doesn’t overshadow, brick-and-mortar.











Experts: "Pay Attention to Tech Titans"



LAS VEGAS-Live from ICSC, ‘Clash of the Titans’ panelists urge retailers to watch Google, Amazon, Apple, eBay and Facebook—companies that have been throwing the “initial punches.”








Monday, May 20, 2013

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Subway to Add 3,000 Locations Worldwide This Year




National





Subway to Add 3,000 Locations Worldwide This Year




MILFORD, CT-The Subway restaurant chain reports it plans to add more than 3,000 locations worldwide. The company announced its growth plans as it participates in the International Conference of Shopping Centers ReCon convention this week in Las Vegas.

The franchise system, the largest in the world in terms of number of locations, currently has more than 39,000 locations in 102 countries. …








First Potomac Sells Industrial for $259M




National





First Potomac Sells Industrial for $259M



WASHINGTON, DC-The REIT is selling its 24-asset portfolio to two separate buyers, with Blackstone picking up the vast majority.








Rolls-Royce Office Complex Sells for $79.1M




National Commercial Real Estate News From CoStar Group





Rolls-Royce Office Complex Sells for $79.1M



American Realty Capital Trust IV, Inc. has acquired the Rolls-Royce Meridian Center office complex at 450-525 S. Meridian St. in Indianapolis, IN from Eli Lilly and Company for $79.1 million, or about $186 per square foot, exclusive of closing costs.

The three-building, 425,786-square-foot portfolio includes the four-story Brougher Building constructed in 1908 and renovated in 2001, a six-story building completed in 2002, and a seven-story office...









Kimco Acquires Ptnr's Stake in Marketplace at Factoria



Kimco Realty Corp. (NYSE: KIM) has acquired a majority of its joint-venture equity partner's ownership interest in the Marketplace at Factoria in Bellevue, WA in a transaction that valued the center at $130.75 million. Kimco previously held a 50-percent ownership interest in the property.

Located at 3903-4065 Factoria Blvd. SE in the I-90 Corridor submarket of King County, the enclosed regional mall totals 660,078 square feet on 31.1 acres. It...






Mexico is Back in the Game




National





Mexico is Back in the Game



SAN DIEGO-With its market share growing compared to China and employment back to pre-economic crisis levels, Mexico offers great development opportunities, say speakers at the recent ULI Spring Meeting here.








Sunday, May 19, 2013

Watch Your Groceries




National





Watch Your Groceries



MELVILLE, NY-Mark Dufton from DJM Realty, A Gordon Brothers Group Co., (RECon booth S289) talks to GlobeSt.com about the changing supermarket sector.








It's a Changing Grocery Market




National





It's a Changing Grocery Market



CHICAGO-Patrick Owens of Transwestern (RECon booth C132F) discusses the changing retail environment, especially what we are seeing with grocers.











Retailers With Nowhere to Go



LOS ANGELES-Neil Soskin of Primestor talks to GlobeSt.com's Ian Ritter about the pent-up demand that retailers are experiencing and how that has helped his firm's developments and redevelopments.








Friday, May 17, 2013

Developing Successful Retail With Fewer Anchors




National





Developing Successful Retail With Fewer Anchors



FORT COLLINS, CO-Allen Ginsborg of Newmark Merrill (RECon booth S3867) talks about the firm's Village at the Peaks project here and a retail environment with fewer anchors.











ICSC's Kercheval on RECon



NEW YORK CITY-The president and CEO of ICSC talks to Ian Ritter about what to expect from the annual RECon show coming up next week in Las Vegas.








The Incredible Shrinking Apartment Unit




National





The Incredible Shrinking Apartment Unit



SAN DIEGO-Even smaller is even better for a growing number of renters, plus private capital must step up to the multifamily lending plate, say speakers on two housing panels at the ULI Spring Meeting.











Bio Merger Could Impact Healthcare REITs



SAN DIEGO-The merger between local BioMed Realty and Baltimore-based Wexford Science & Technology creates a challenge for healthcare REITS' involvement in bioscience space.








MOBs Grow Up; And So Does Its Portfolios




National





MOBs Grow Up; And So Does Its Portfolios



BOSTON-JLL's Mindy Berman finds, through research, that the healthcare real estate sector is definitely coming of age as more investors accept medical office buildings as viable assets in which to put their funds.











C&W Launches Legal Sector Benchmark Survey



WASHINGTON, DC-The survey will eventually yield invaluable data for law firms to make real estate decisions, Sherry Cushman tells GlobeSt.com's Erika Morphy.











New Challenges for Old Office Users



NEW YORK CITY-Technology and Gen Y are shaking up that old office of mine. But workplace as gathering place gets a boost from a tech-based source: Google.








Thursday, May 16, 2013

CoStar's People of Note (May 12 - 18)




National Commercial Real Estate News From CoStar Group





CoStar's People of Note (May 12 - 18)



This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego.

DETROIT
Farbman Group Promotes Gutman, Kalil
By Tim Heise

Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of






Net Lease Cap Rate Madness




National





Net Lease Cap Rate Madness



NEW YORK CITY-Stan Johnson Co.'s (RECon booth S214S) Jason Maier does not see the retail net-lease market slowing down. He tells GlobeSt.com's Ian Ritter about trends in this hot sector.











Marcus & Millichap Sees Healthy Multifamily Sector



LOS ANGELES-A Marcus & Millichap webcast saw the firm's executives touting the US multifamily market as remaining healthy for some time.








DDR Buys Out Blackstone in 30-Asset JV




National





DDR Buys Out Blackstone in 30-Asset JV



BEACHWOOD, OH-The shopping center owner said Thursday it would sell 34 million common shares to help finance its $1.46-billion acquisition of Blackstone’s interest in the properties











Apartments Still Strong, Yet Lag in Auctions



IRVINE, CA-Auction.com;'s Eric Paulsen says that multifamily is still a hot sector but trails others in commercial real estate when it comes to transaction activity.











FASB, IASB Release Accounting Draft



WASHINGTON, DC-The commercial real estate community has been waiting for this new standard, hoping it might be more favorable than the first draft.











Retail Trending into Lifestyle Experience



IRVINE, CA-In an update to an earlier story, Fortus Property Group’s newly named president and CEO William Winn tells GlobeSt.com’s Carrie Rossenfeld that consumers are seeking more than just a place to shop.








Wednesday, May 15, 2013

Large Lease Rollovers Pose Loan Risks in Era of the Shrinking Office




National Commercial Real Estate News From CoStar Group





Large Lease Rollovers Pose Loan Risks in Era of the Shrinking Office



The trend in less square footage requirement per employee has serious implications for landlords with near-term lease rollover risk, according to new analysis from Wells Fargo Securities.

Older existing office leases initially written in the era using the higher square footage requirement per employee are likely to renew under a more efficient standard.

Looking at tenant data backing commercial mortgage backed securities offerings, Wells Fargo...






Good Times For Industrial




National





Good Times For Industrial



NEW YORK CITY-SIOR's Spring World Conference earlier this month showed strong optimism about the the industrial sector of commercial real estate. We were there to experience the momentum.











Centerline Talks Possible Takeover by Hunt



NEW YORK CITY-The “standstill and exclusivity agreement” occurred three weeks after Hunt Capital signaled its intentions by acquiring about 41% of Centerline’s common stock.








25 REITs Most Likely To Sell You a Property in 2013




National Commercial Real Estate News From CoStar Group





25 REITs Most Likely To Sell You a Property in 2013



Looking for to buy some land, office buildings, warehouses, shopping center or hotel investment properties and want less chance of being out bid by a REIT? You may be in luck. The nation's largest publicly held real estate investment trusts and real estate operating companies have billions of dollars worth of commercial real estate they are trying to get rid of.

As a whole, this sector doled out more than $52 billion in cash last year for property...









Retail Rent Growth Finally Takes Root Across U.S. Metros



Following a recent string of relentlessly unexciting market trends in retail real estate over the past several quarters comes this distinctly happy news -- quoted asking rents have finally turned upward across all retail property types in the U.S. for the first time since 2008.

"This is a symbolic victory," said CoStar real estate economist Ryan McCullough, who co-presented the First-Quarter 2013 Retail Review and Outlook with Suzanne Mulvee, director...









Recovery In CRE Sales, Pricing Up Year over Year, Despite Sluggish First Quarter



Just like clockwork, after ending 2012 on an upswing, commercial real estate pricing softened in the first three months of 2013, according to the latest findings from the CoStar Commercial Repeat Sale Indices (CCRSI).

Despite uneven performance in the first quarter, CRE prices have still increased appreciably from year ago levels and the recovery continued to widen, with all regions and property types experiencing year-over-year pricing gains.

Also...






No More Guilt. Instead, Innovation.




National





No More Guilt. Instead, Innovation.



BOSTON-Women no longer have to apologize for putting their careers first – one of the biggest industry changes, according to Diane Danielson, chief platform officer for Sperry Van Ness.











Ares Names Schuster Co-CEO



CHICAGO-The founder of CW Financial Services, Schuster is also a director of Alliant Capital LLC, which Ares is acquiring.