Commercial

The use of artificial intelligence has exploded, particularly in the real estate industry. However, there are still some issues with the new technology. This month the CPE Executive Council shares some of the challenges they’ve experienced with AI. Ryan Severino…

Rents for prime office space now average 31.4 percent over those for Grade A offices in markets globally, according to Savills, with North America having the highest premium, at 62.5 percent above Grade A stock. The intense bifurcation in the…

The three-building 42 Crossing rose on a 22-acre site. Image courtesy of Merritt Properties Merritt Properties has debuted 42 Crossing, a three-building, 213,800-square-foot light industrial campus in Garner, N.C. The firm purchased the project’s 22-acre site for $2.9 million in…

Founders Square opened more than a century ago operating as a warehouse at the time. Image courtesy of Stream Realty Partners Cooper & Scully has renewed its 47,900-square-foot commitment at Charter Holdings’ Founders Square, a historic 274,010-square-foot office building in…

In a striking contrast of traditional and cutting-edge technologies, a new high-tech campus focusing—at least initially—on quantum computing will rise on Chicago’s lakefront, on the sprawling site of what was for many decades an active steel mill. The 128-acre Illinois…

After two years of record industrial space deliveries, the development pipeline has slowed, the latest CommercialEdge report shows. The new supply entering the market will decline over the next couple of years, but the long-term outlook for industrial development remains…

Source: U.S. Census Bureau As of May, new orders rose by an average of 0.9 percent, or $5.5 million, according to data from the U.S. Census Bureau. The most substantial increase compared to May 2023 occurred in the Computers and…

Marketplace at Buckhead, an Atlanta shopping center, is anchored by Kroger. Last fall, the asset traded hands and was acquired by Sterling Organization. Image courtesy of Sterling Organization The proposed merger of grocery giants Kroger and Albertsons is on hold following…

WestLake Corporate Center is a two-building office campus that underwent significant improvements. Image courtesy of JLL The Dilweg Cos. has signed a 15,541-square-foot lease with Qualifacts at WestLake Corporate Center, a two-building Class A office campus totaling 179,966 square feet…