Robert Carr

Articles by Robert Carr
Detroit Industrial Market Shows Strong Improvement 
Detroit, with about 365 million sq. ft. of industrial space, tied with Atlanta in recording an 80 basis points drop in availability in the first quarter, according to a report by commercial real estate services firm CBRE.
Office Market Continues to Gain Momentum 
About 70 percent of U.S. office markets reported occupancy gains during the first quarter, according to commercial real estate services firm Cassidy Turley. The markets absorbed 12 million sq. ft. collectively from January through March 2014.
Airport Industrial Sub-Markets Command Higher Rents, but Demand May Remain Flat 
Air cargo volume at U.S.’s 12 major airports increased by only 0.3 percent in 2013, and growth projections for 2014 are at zero, according to a new JLL report.
Surveys Say Demand for Industrial Space is High 
Two recently released surveys show that real estate executives believe the industrial market needs new life and flexibility to meet the demands of e-commerce and technology.
Brookdale/Emeritus Merger: Efficient or Too Big? 
How big is too big? That’s the question regarding the mega-merger deal of Brookdale Senior Living’s $2.8 billion purchase of Emeritus Corp.—a deal that will result in a firm spread out over 1,161 properties in 46 states.
Finding the Elusive Middle-Income Seniors Housing Option 
The middle-income seniors population, which has grown during the recession and will continue to increase as the baby boomers age, may have a difficult time finding appropriate long-term-care facilities, as the seniors housing industry typically builds only affordable properties for the indigent or luxury housing for the affluent.
Rents for Trophy Office Space Pass Records, Spur New Construction 
A lack of development since the start of the recession, along with exploding demand in both traditional primary markets and those led by energy and technology booms, have pushed demand for class-A space through the roof.
Self-Storage Supply Tightens 
This year developers will add only 1.7 million sq. ft. to the market, totaling 21 new self-storage facilities, according to a first quarter report from real estate services firm Marcus & Millichap.
Retailers Seek New Distribution Channels for Same-Day Deliveries 
New logistics models are springing up to grab the same-day delivery market share, ranging from mega-distribution centers totaling 1.5 million sq. ft. to tiny delivery posts in urban areas that compete with the struggling local connections.
Construction of Medical Office Buildings Grows in the Suburbs 
Development of new medical offices has slowed considerably in recent years, with only 1.8 million sq. ft. of new space under construction in 2013, compared to 4.2 million sq. ft. in 2012.
Regional Players Absorb the Last of Seniors Distress 
High-profile distressed companies were cleaned up last year through large acquisitions by big-player ventures.
California Becomes Battleground for Regulatory Reform 
Advocates for reform are now pitted against state systems dealing with bare-bones licensing divisions due to budget cutbacks.
Life Companies, Banks Like Industrial Assets’ Safe Growth 
Life companies, banks and CMBS lenders are prepared to expand offerings for office and industrial properties, due to both sectors’ impressive growth during the past 12 quarters.
U.S. Firms Lead in Green for Global 100 Index 
Eighteen U.S. firms were recently named to the Global 100, a stock index that ranks companies based on sustainable practices, a list that includes industrial powerhouse Prologis Inc. and other firms that use green concepts in their offices and manufacturing plants.
Austin Becomes First-Tier City for Office Demand 
Just about every fourth quarter office research report listed Austin as one of the top cities of the year.
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