WeWork Entices Brokers from CBRE, JLL and Cushman with Bigger Commissions
WeWork, a $20 billion co-working startup, signed agreements with CBRE, Cushman & Wakefield and JLL in North America, giving their brokers a 20 percent fee […]
Retail & Office Space
Cushman: Retail Carnage to Get Worse with 12,000 Store Closures in 2018
Cushman & Wakefield predicts 12,000 stores will close in 2018, up from 9,000 last year, Business Insider reported. Another 25 major retailers could file for bankruptcy this […]
Office Vacancy Rates Drop to their Lowest Levels in 10-Years
According to Transwestern’s newly released 2017 year-end report on the national office market, the U.S. office market’s nationwide December 2017 vacancy rate of 11.5 percent […]
The Most Valuable Malls in America
The 20 most valuable malls in America that are owned by real estate investment trusts bring in roughly $21 billion in retail sales annually, according to […]
Three Reasons Newmark Knight Frank’s IPO Disappointed
Newmark, a commercial real estate services firm that includes brokerage Newmark Knight Frank, went public in early December with plans to sell 30 million shares at a price […]
Rolls Royce Taps Cushman & Wakefield for Global Real Estate Services
Power and propulsion systems giant Rolls-Royce has appointed Cushman & Wakefield to an expanded role supporting its global property requirements following a competitive tender process. […]
Westfield Corporation Sold for $15.7 Billion to French Company
Australian-based Westfield corporation, which owns 38 malls and shopping centers in the U.S. , as well as retail centers in the Australia, New Zealand and […]
Jones Lang LaSalle Launches JLL Spark to Focus on Real Estate Tech
Global real estate firm Jones Lang LaSalle announced it launched a new entity dedicated to the development of new real estate tech services and incubating real estate […]
Warren Buffet Invests $377 Million in Retail REIT
Legendary investor and Berkshire Hathaway chairman Warren Buffet has invested $377 million in Store Capital Corp (STOR), a REIT focused on investing in single-tenant real […]
Artificial Intelligence and the Future of Real Estate
Recent advances in technology have affected many facets of the real estate industry, including digitizing documents, automating property management functions and extending consumer access to listing […]