Commercial

Randy Blankstein Cap rates in the single-tenant net lease sector increased for the ninth consecutive quarter within all three sectors in the second quarter of 2024. Single-tenant cap rates increased to 6.47 percent (+5 bps) for retail, 7.67 percent (+7…

The University of California at San Francisco is reportedly planning to develop a 284,800-square-foot research facility and outpatient treatment center on part of the site of the former Potrero Power Station, which is in southeast San Francisco on the bay.…

Brixton Capital has purchased Polo Plaza, a 63,629-square-foot mixed-use property in Del Mar, Calif. ASB Capital Management sold the asset for $18.5 million, in a transaction brokered by Newmark. Polo Plaza houses a mix of office and retail tenants. Image…

Light industrial investors benefit from the reduced supply of capital because these properties generate high cash flow efficiency relative to other industrial property types, Forte said. Image courtesy of Lucern Capital Partners Population growth has fueled explosive growth for the…

In CBRE’s Investment Intentions Survey, 97 percent of respondents, many of whom are the world’s largest institutional real estate investors, said they plan to increase capital deployment to data centers. The survey authors noted that data center transaction volume for…

CBRE Investment Management also owns Elliot Gateway, an industrial campus in Mesa, Ariz. that was developed in partnership with Trammell Crow Co. Image courtesy of Trammell Crow Co. CBRE Investment Management has received local governmental rezoning and approval for the…

Jessica Fiur, Editor-in-Chief There’s a lot to be anxious about right now in the commercial real estate market. There are declines in office demand, an elevated cost of debt and long lead times for electric equipment, which is creating a…

The tower underwent two adaptive reuse developments. Image courtesy of Cushman & Wakefield Santander Consumer USA has renewed its 211,087-square-foot office lease at 1601 Elm St., a 50-story, 1.4 million-square-foot mixed-use tower in Dallas. Owned by Pacific Elm Properties, a…

Extell’s project at 570 Fifth Ave. is targeting a minimum LEED Gold certification. Image by KPF, courtesy of IKEA Ingka Investments, the subsidiary of Ingka Group—the largest IKEA retailer—has invested in Extell Development’s future office and retail tower on Fifth…

Angela Cain will take over as Global CEO of the Urban Land Institute in September. Image courtesy of CoreNet Global Angela Cain has been named as the Urban Land Institute’s new global CEO, filling a role that has been vacant…