Personnel News from CBRE, JLL and Greystone.
Tag: CBRE
Commercial/Multifamily Briefs from PNC Bank, Fannie Mae, CBRE
PNC Bank, N.A., Pittsburgh, closed a $181 million fund to develop and rehabilitate affordable rental housing for families and seniors. PNC said the fund will provide financing for nearly 1,800 affordable housing rental units at 17 multifamily properties across 13 states.
CBRE Raises Hotel Sector Outlook
CBRE, Dallas, raised its forecast for hotel performance based on second-quarter gains and its expectation for slightly positive GDP growth next year.
CRE Briefs, September 8, 2022
News in brief from Northmarq, CBRE, Zumper and Partner Engineering and Science, Inc.
CBRE: Construction Costs Could Jump 14%
CBRE, Dallas, said it expects U.S. construction costs to jump 14.1 percent year-over-year by year-end due to pressures including labor shortages, inflation, supply chain disruptions, pandemic reverberations and the war in Ukraine.
CBRE: Commercial Real Estate Lending Eases
CBRE, Dallas, said commercial real estate lending activity is easing amid heightened market volatility from rising inflation and interest rates.
CBRE: Office Lease Rates Highlight Flight-to-Quality Trend
CBRE, Dallas, said office rental trends indicate a “flight to quality” playing out across 12 major U.S. markets as companies adapt their workplaces for hybrid work.
CRE People in the News Aug. 4, 2022
JLL Capital Markets said Daniel Digerness joined the firm as a Director in its Phoenix office. He will focus on debt and equity advisory across all product types in Phoenix and the southwestern U.S.
CBRE: Tight Labor Market, Remote Work Changing Growth Patterns
The U.S. added 136,000 new high-tech jobs last year in hubs including the Bay Area, New York and Seattle as well as Nashville, Cleveland and other smaller markets, reported CBRE, Dallas.
Dealmaker: CBRE Sells Upper West Side Apartment for $415M
CBRE, Dallas, arranged the $415 million sale of 160 Riverside Boulevard on Manhattan’s Upper West Side to New York-based apartment investor A&E Real Estate.