CBRE, Dallas, said renewals claimed more large office leases last year than in 2019, indicating many companies are postponing relocations and other real estate changes until they get clarity on the economic recovery and pandemic response.
Tag: CBRE
Dealmaker: Haven Realty Capital Acquires 60-Home Single-Family Rental Community for $19M
Haven Realty Capital, El Segundo, Calif., acquired 60-home dedicated rental community Ashwood Place in Naperville, Ill., for $18.5 million.
Dealmaker: Rexford Industrial Acquires Two Industrial Portfolios for $214M
Rexford Industrial Realty, Los Angeles, acquired two industrial property portfolios for $213.7 million.
Dealmaker: CBRE Brokers $22M in Industrial, Office Sales
CBRE brokered industrial and office property transactions totaling $22.1 million in the San Diego area.
Foreign Investment in U.S. Net-Lease Properties Increases Despite Travel Restrictions
CBRE, Los Angeles, said U.S. net-lease property investment rebounded during the third quarter, driven by strong interest in office assets and increasing foreign investment.
‘Sluggish’ Acquisitions Slow Third-Quarter Commercial Lending Activity
“Sluggish” commercial real estate investment activity caused loan closings to slow in the third quarter, reported CBRE, Los Angeles.
CBRE Sees Mixed Results in CRE Recovery
CBRE, Los Angeles, said it anticipates the office, retail and hotel sectors will begin a slow recovery next year. Meanwhile, industrial and logistics real estate will likely extend an early recovery already underway and multifamily should start its own swift rebound, it said in its 2021 U.S. Real Estate Market Outlook.
Dealmaker: CBRE Brokers $111M in California Sales
CBRE, Los Angeles, brokered two property sales in San Diego’s Kearny Mesa neighborhood for $111.3 million.
Tech Industry Drives Office Leasing Despite Pandemic
Tech industry job loss has been minimal during the pandemic, and the tech sector is still driving U.S. office-leasing activity, reported CBRE, Los Angeles.
Hotel Development Slips But Remains Robust
The U.S. hotel construction pipeline dipped during the third quarter but remains “robust,” said Lodging Econometrics, Portsmouth, N.H.