Facebook to Build a 970,000 Square Foot Data Center in Utah
Facebook will build a nearly 1 million-square-foot data center at the foot of Utah’s Lake Mountains, state officials said Wednesday. Gov. Gary Herbert predicted the new […]
Commercial
CBRE Wins Bid to Manage a 720K Square Foot Complex in Downtown Los Angeles
CBRE beat out rivals JLL and Lincoln Property Company to manage 720,000 at the mix-use development known as the Bloc in downtown Los Angeles, reported […]
Real Estate Giants Move Up the Fortune 500 List
Buoyed by a hot global property market, real estate giants CBRE and Jones Lang Lasalle are moving up on the Fortune 500 List. CBRE, the […]
Facebook Leases 1 Million Square Feet in Sunnyvale
Social media giant Facebook has leased more than 1 million square feet in Sunnyvale, reported the San Jose Mercury News. The deal was arranged through a […]
More CRE Executives Plan to Switch to Unassigned Seating
More than half of corporate execs say they plan to switch to unassigned worker seating for all or some of their employees during the next three years, […]
Certified Appraisals No Longer Required for Commercial Deals Under $500K
An inter-agency group of regulators from the Federal Reserve, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) […]
Real Estate Startup SquareFoot Raises $7 million to Help with Growth Plans
Commercial real estate technology startup SquareFoot announced that it successfully raised $7 million in a series A round of financing to accelerate expansion within New York City, […]
Data Center Investments Nearly Tripled to $20 Billion in 2017
Driven by the rapid growth of cloud computing, investments in the data center industry surged from $7.7 billion in 2016 to $20 billion in 2017, […]
A Checklist for Buying a Multifamily Investment Property
After nearly 10-years of economic growth since the last recession, the U.S. economy seems to be firing on all cylinders. Economic growth is up, the […]
China’s Sovereign Wealth Fund Sells its Stake in the Blackstone Group
In a possible sign of deteriorating U.S. – China trade relations, China’s sovereign wealth fund China Investment Corp (CIC) has sold its equity holding in […]