JLL, Chicago, said it expects offices to re-emerge as the “beating heart” of re-energized central business districts as the recovery progresses.
Category: News and Trends
Hotel Profits Improve as Recovery Spreads
STR, Hendersonville, Tenn., said hotels saw an encouraging April as more revenue flowed through to the bottom line.
Commercial/Multifamily Briefs from Blackstone, QTS, JLL
Data center real estate investment trust QTS Realty Trust, Overland Park, Kansas, and Blackstone, New York, announced that Blackstone affiliates will acquire all outstanding shares of common stock of QTS Realty Trust for $78 per share in an all-cash transaction valued at nearly $10 billion, including the assumption of debt.
Personnel News From Colliers, Greystone
Colliers appointed Jimmy Board as managing director on the firm’s Capital Markets platform.
CREF Policy Update June 10, 2021
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Quote
“Net-lease properties continue to attract interest during this downturn as investors seek long-term dependable cash flows. Interest in the office sector is on the rise, with strong demand for mission-critical assets as COVID-19 guidance changes and employees begin to return to the workplace.”
–Will Pike, Vice Chairman of Net Lease Properties for Capital Markets at CBRE.
Commercial/Multifamily Briefs:
Eastern Union, New York, is offering paid internships in data analytics and research, one of the most in-demand skills in today’s business marketplace.
MBA: C/MF Mortgage Delinquencies Decline to Lowest Level Since Pandemic
Delinquency rates for mortgages backed by commercial and multifamily properties continue to decline, according to two reports by the Mortgage Bankers Association.
Dealmaker: Berkadia Arranges $94M for Industrial, Multifamily Assets
Berkadia secured financing totaling $94.2 million for industrial and multifamily assets in Arizona and Indiana.
Personnel News From Freddie Mac, Greystone Special Servicing, Grandbridge Real Estate Capital
Freddie Mac, McLean, Va., named Jason Griest Vice President of Multifamily Securitization.