Commercial

“The only function of economic forecasting is to make astrology look respectable.” John Kenneth Galbraith. Sabina Reeves In contrast to John Kenneth Galbraith’s tongue-in-cheek contempt for economic forecasting, I have nothing but sympathy for my profession. This has been quite…

The July Digital Issue of CPE Is Now Available! From the Editor CPE Roundtable: 2024 Mid-Year Outlook. Image by Kubkoo/iStockphoto.com Trend. Image courtesy of Kidder Mathews Economist’s View. Image by erhui1979/iStockphoto.com Microgrids. Image courtesy of Enchanted Rock Transactions. Image by…

Boston Properties wants to substantially increase the amount of new office space envisioned in the next phase of Reston Town Center in Reston, Va., despite “significant contraction” in the market’s office class. Reston Town Center, 1950 & 2000 Opportunity Way.…

The Park at Davie will comprise two logistics buildings. Image courtesy of BBX Logistics Properties The joint venture between BBX Logistics Properties, a subsidiary of BBX Capital Inc., and FRP Development Corp. plans to develop The Park at Davie, a…

Valley View Business Park consists of five industrial buildings. Image courtesy of CommercialEdge The Roxborough Group, together with Bendetti, has closed on a $38.6 million recapitalization for Valley View Business Park, a 195,603-square-foot industrial campus in Las Vegas. The deal…

The state of commercial real estate today does not resemble the years of the Global Financial Crisis for several reasons. According to CBRE, fundamentals for most real estate sectors remain near historical norms amid unexpectedly sturdy economic growth. Fraction of…

HBC’s U.S. headquarters at 225 Liberty St. in Manhattan, where the company occupies more than 230,000 square feet. Image courtesy of CommercialEdge HBC, the parent company of Saks Fifth Avenue, has agreed to acquire Neiman Marcus Group, the parent company…

At industrial facilities like this one, properly preparing for and responding to natural disasters can save lives and avoid heavy financial losses. Photo Kmatta/Getty; courtesy of JLL As industrial demand and development continue their upward trajectory, so too has the…

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.…