Robert Carr

Robert
Carr
Articles
Strong Employment Numbers Lead to Hope for More Office Leases 
The office sector has been patiently waiting for good news since the end of the recession, McCarthy says. However, expansions and new office leases have been slow to materialize as business executives exercised caution.
Logistics Growth Fueled by Newfound Consumer Confidence 
According to a recent Prologis Inc. white paper, “The Growth of Logistics Real Estate,” global net absorption this past year reached 350 million sq. ft., the highest level since the beginning of the global financial crisis, and activity continues to look good this year.
More Metrics Needed for Medical Office Buildings Sector 
Medical office buildings (MOBs) are starting to overtake hospitals as the preferred new property type for health care systems, but real estate market statistics for MOBs are still lumped into the broader health care category, making data and trends hard to obtain.
Seniors Housing Property Edges Closer to 90% in First Quarter 
The average occupancy rate for seniors housing properties edged closer to 90 percent in the first quarter, as the industry’s property types gained absorption due to slow construction and increasing demand.
Top Seniors Housing Lenders Plan for Newcomer Competition 
The top seniors housing lenders see competition gaining in the rear-view mirror, but are making changes in packages to keep up with the new lending options offered for today’s investor.
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.
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