A joint venture between Security Properties, Seattle, and STARS REI, Santiago, Chile, purchased 624 Yale, a midrise multifamily property in Seattle’s South Lake Union neighborhood, for $104 million.
Tag: CBRE
LEED-Certified Office Buildings Command Higher Rents
CBRE, Dallas, reported LEED-certified office buildings command a rent premium over their non-certified peers as the market endures the reverberations of the COVID-19 pandemic and remote work.
CBRE: Record Low Data Center Vacancies Despite Increased Supply in H1 2022
The North American data center market added significant new supply this year, but overall vacancy declined to a record low, reported CBRE, Dallas.
Rising Labor, Land Costs Impacting Seniors Housing Development
Seniors housing development costs have risen sharply over the past two years, driven primarily by labor and land, said CBRE, Dallas.
Rising Labor, Land Costs Impacting Seniors Housing Development
Seniors housing development costs have risen sharply over the past two years, driven primarily by labor and land, said CBRE, Dallas.
Push to Modernize Spurs Industrial Construction
The advanced age of U.S. warehouses–43 years on average–is spurring record construction as big e-commerce and retail distributors demand larger, more modern facilities, reported CBRE, Dallas.
CBRE Raises Hotel Sector Outlook
CBRE, Dallas, raised its forecast for hotel performance based on second-quarter gains and its expectation for slightly positive GDP growth next year.
CBRE: Construction Costs Could Jump 14%
CBRE, Dallas, said it expects U.S. construction costs to jump 14.1 percent year-over-year by year-end due to pressures including labor shortages, inflation, supply chain disruptions, pandemic reverberations and the war in Ukraine.
2Q Commercial Real Estate Lending Eases
CBRE, Dallas, said commercial real estate lending activity is easing amid heightened market volatility from rising inflation and interest rates.
CBRE: Office Lease Rates Highlight Flight-to-Quality Trend
CBRE, Dallas, said office rental trends indicate a “flight to quality” playing out across 12 major U.S. markets as companies adapt their workplaces for hybrid work.