CBRE, Dallas, estimated the U.S. will need an additional 330 million square feet of distribution space by 2025 just to handle projected increases in online ordering.
Tag: CBRE
Dealmaker: CBRE Arranges $91M for San Diego Office Portfolio
CBRE, Dallas, arranged $91 million to refinance The Brookwood North San Diego Portfolio.
Fewer Firms Plan to Shrink Office Portfolios
U.S. companies have scaled back their plans to make big cuts to their office portfolios and many now expect their offices to support “collaborative” work in person rather than remotely, said CBRE, Dallas.
Net-Lease Investment Approaches Pre-Pandemic Levels
Investment in U.S. net-lease properties approached pre-pandemic levels in the first quarter, reported CBRE, Dallas.
Commercial Real Estate Lending Showing Resilience
The improving economy created a favorable capital markets environment for commercial real estate lending in early 2021 despite continuing challenges in office and retail loan underwriting, said CBRE, Dallas.
‘No Signs of Slowing’ for Industrial Sector
The U.S. industrial market “shows no signs of slowing down,” with record-high asking rents and development activity and low vacancy levels, reported CBRE, Dallas.
Dealmaker: CBRE Closes $39M in Office Transactions
CBRE, Dallas, closed $38.6 million in office sector transactions in southern California.
Dealmaker: Bascom Group Acquires Arizona Apartments for $11.6M
The Bascom Group LLC, Irvine, Calif., acquired Sierra Charles Apartments in metro Tucson, Ariz. for $11.6 million, or $59,164 per unit.
CBRE: Rent Enticements Larger Factor in New Office Leases
CBRE, Dallas, said the average amount of free rent office landlords conceded to secure long-term leases climbed significantly in the first quarter.
Hotel Sector Showing Signs of Life
The hotel sector is coming back–slowly–from its pandemic-related downturn, analysts said.