As gateway cities' downtowns revive and thrive, office rents are rising. So we asked Colliers International which commercial business districts across the country have the highest average class-A office rents.
The ease with which a developer can move from vacant land or empty building to a whole new property varies from one location to another, depending on a particular place's economy, location, regulation and, well, quirks.
The Wall Street slice-and-dice machine is back in full force and now commercial real estate CDOs—unseen since 2007—are starting to come back according to Bloomberg. Fairway needs to slow down on its ambitious plans if it’s going to succeed. The NMHC has released its annual rankings of the top 50 multifamily owners and managers. JLL is launching a service modeled after Airbnb for the commercial real estate sector. Microsoft is taking space in San Francisco’s largest tower. These are all among today’s must reads for the commercial real estate sector....More
As Colony American Homes prepares to launch a securitization backed by single-family housing rents, investors are demanding higher yields than from a similar offering from Blackstone. A new survey by the Urban Land Institute and EY forecasts that transaction volume will reach a 10-year high by 2016. CoStar is cracking down on illegal use of its software with lawsuits against eight real estate firms. A report from CBRE Group shows that China leads the world in retail development. These are all among today’s 10 must reads from around the commercial real estate industry....More
San Francisco-based DivcoWest, through its DivcoWest Fund IV, has purchased the 670,000-sq.-ft. One Kendall Square in Cambridge, Mass. for a reported $395 million to beef up its technology-based office holdings....More