North American data center leasing reached record levels last year, driven by demand from large cloud service providers and social media companies, reported CBRE, Dallas.
Tag: CBRE
Evolving Office Sector Could Drive Flight to Quality
Workers are slowly returning to the office as the pandemic wanes, but office buildings remain relatively empty, reported Yardi CommercialEdge, Santa Barbara, Calif.
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.
Dealmaker: CBRE Arranges $72M for South Florida Hotel
CBRE, Dallas, arranged a $72.2 million loan for the Postcard Inn on St. Pete Beach, Fla., on a barrier island west of St. Petersburg.
CBRE: Cap Rates Down Across Real Estate Spectrum in 2021
Commercial real estate capitalization rates declined across the real estate spectrum last year, reported CBRE, Dallas.
Hotel Recovery Likely to Continue
The hotel sector’s recovery that started last year will likely continue despite current operational hurdles, sector analysts reported.
CBRE: Flex-Office Sector Positioned to Adapt
CBRE, Dallas, said the flex-office sector has grown more sophisticated during the pandemic and is helping employers accommodate changing office-use patterns.
CBRE: Record Global CRE Investment in 2021
CBRE, Dallas, reported global commercial real estate investment reached a record $1.3 trillion last year, up 55 percent from 2020 and 21 percent from 2019.
Dealmaker: UIP, Churchill Living Acquire Apartment Tower Near Amazon HQ2
UIP Cos. and Churchill Living acquired The Millennium, a 300-unit apartment community directly across Metropolitan Park from Amazon’s new HQ2 in Arlington, Va.
Office Space Recovery Pauses
Office leasing activity slowed in December, according to two new reports.