Despite stock market turmoil, slowing venture capital funding and interest rate volatility, life science real estate remains well-positioned for future growth, said Newmark, New York.
Tag: Newmark
CMF People in the News June 30, 2022
Personnel News from JLL, GPARENCY and Newmark.
Personnel News From NorthMarq, Newmark, Grandbridge, JLL
Northmarq hired JoAnn Neau as the company’s first chief marketing officer. Neau joined the firm from Thrivent, where she led digital and marketing operations strategies.
Digitalization, Demographics, Deglobalization Redefine Industrial Real Estate
Digitalization, demographics and deglobalization will drive the industrial market growth in the near future, said Newmark, New York.
Dealmaker: New York Life Real Estate Investors Originates $1.3B for Industrial, Multifamily
New York Life Real Estate Investors originated $1.3 billion for industrial and multifamily assets in multiple states
Life Science Outperforms Most Niche Sectors
Life science real estate capital markets activity reached a new record last year as investment volume climbed to $18.4 billion, “reflecting immense investor demand and continued liquidity in the cluster markets,” Newmark said in a Life Science Overview and Market Cluster report.
Office-to-Industrial Conversions Increase
As the industrial market soars and the office market remains soft, more developers are converting office product into industrial properties, reported Newmark, New York.
Dealmaker: Newmark Lines Up $230M to Refinance Edition West Hollywood Hotel
Newmark, New York, arranged $230 million to refinance the Edition West Hollywood hotel on Sunset Boulevard in Los Angeles.
Dealmaker: Newmark Closes $146M San Diego Office Sale
Newmark, New York, sold 296,000-square-foot San Diego office complex Sorrento Towers for $146 million.
Dealmaker: Newmark Arranges $500M Acquisition, Construction Loan for 111 Wall Street
Newmark, New York, closed a $500 million acquisition and construction loan for 111 Wall Street in Manhattan’s Financial District.