Nearly 14 million square feet of retail space has converted to industrial space since 2017–a trend likely to increase as e-commerce expands and industrial rents increase, said CBRE, Los Angeles.
Tag: CBRE
MBA: 2019 Multifamily Lending Up 7% to Record High
Fueled by strong market fundamentals and low interest rates, 2,589 different multifamily lenders provided $364.4 billion in new mortgages in 2019 for apartment buildings with five or more units, according to the Mortgage Bankers Association’s annual multifamily lending market report.
Dealmaker: CBRE Global Investors Acquires Two San Jose Office Buildings
A fund sponsored by CBRE Global Investors acquired two Class A office buildings in San Jose, Calif. for $95 million. The buildings, collectively known as 237@First, each span six stories and include 368,702 rentable square feet.
Hotel Sector Bouncing Back But Faces Continued Threats
CBRE, Los Angeles, said the hotel sector has seen 10 straight weeks of occupancy gains, but the recent COVID-19 diagnosis increase threatens to “derail” its progress.
Dealmaker: CBRE Closes $71M
CBRE, Los Angeles, closed $71.3 million in office and retail transactions in Scottsdale, Ariz.
Dealmaker: NXT Capital Closes $46M Loan to Colorado Office Park
NXT Capital, Chicago, closed a $45.6 million loan to finance acquisition of Cherry Creek Plaza I & II, a two-building office park in Glendale, Colo.
Office Employees Value Flexibility in COVID-19 Era
U.S. employees are re-examining their relationship with their offices due to COVID-19, said CBRE Hana, New York.
Most Employers Favor Phased Return to Workplace
Most companies plan a gradual, cautious approach to bringing employees back to their workplaces as governments begin to lift restrictions tied to COVID-19, said CBRE, Los Angeles.
JLL, Wells Fargo Lead MBA 2019 Commercial/Multifamily Mortgage Firm Origination Volume Rankings
JLL, Wells Fargo and Eastdil Secured ranked as top commercial/multifamily mortgage originators last year, the Mortgage Bankers Association said today.
JLL, Wells Fargo Lead MBA 2019 Commercial/Multifamily Mortgage Firm Origination Volume Rankings
JLL, Wells Fargo and Eastdil Secured ranked as top commercial/multifamily mortgage originators last year, the Mortgage Bankers Association said today.