Better-than-expected hiring by U.S. private employers in April could blunt some of the negative sentiment that had been building, a good sign for the commercial real estate markets, says Bob Bach, chief economist for Grubb & Ellis.
In one of the largest multifamily deals in the history of downtown Los Angeles, Equity Residential, a Chicago-based multifamily real estate investment trust (REIT), has acquired the 322-unit Pegasus, a luxury apartment building, for $100 million, or approximately $310,000 per unit.
Joe Dykstra works in what he calls the “scalpel business.” As executive vice president of Westwood Financial Corp., Dykstra scours the retail landscape in major metros for mature, grocery-anchored shopping centers to acquire and add value.
It would be an overstatement to say that the U.S. lodging industry is on a roll given the uneven pace of recovery across product segments and individual markets, but the sector has climbed out of a big hole.
After having been beaten upside down over the last three years, the commercial real estate industry is getting up off the mat. Signs of stabilization are occurring across most property types as demand drives absorption. The real laggard is the office ...