Cannabis Legalization Drives Up Industrial Real Estate Prices
The recent legalization of marijuana is California, Colorado and Oregon is proving to be a major boost for owners of industrial real estate properties, according […]
Commercial
Verizon to Sell Data Center Portfolio to Equinix for $3.6 Billion
Verizon will sell a portfolio of 24 data center sites to data center giant Equinix, Inc. for $3.6 billion in an all cash transaction, reported […]
Commercial Real Estate Startups VTS and Hightower to Merge
VTS and Hightower, both startups that give users a mobile-friendly dashboard to track commercial real estate information, announced they are merging, reported the Wall Street Journal. The […]
More Office Building Owners are Converting their Properties to Warehouses
The rise of e-commerce is driving demand for warehouses and industrial space, prompting some owners of commercial office buildings to convert their properties to ones of an […]
Higher Vacancies & Rising Rates Driving Commercial Real Estate Defaults
A perfect storm of rising borrowing costs, higher vacancies and slower sales is resulting in greater default rates in the $11 trillion commercial real estate […]
Seattle’s Commercial Properties Attract Attention of Foreign Investors
Seattle’s relative low prices compared to other West Coast cities in the U.S. and Canada is attracting greater attention and dollars from foreign investors, especially Asian […]
Strong Demand for Logistics Space Drives Up Profits and Competition
Growing demand for logistics space (warehouses and storage units) is increasing competition in the sector and driving up rents and profits for owners, according to an […]
New Technology Helps Map & Track Foot Traffic in Real Estate Spaces
A new system by Toronto-based InnerSpace is helping commercial real estate owners and professionals better map and track usage of their physical spaces. By using […]
Blackstone Sold $16 Billion in Real Estate Assets to China Since 2013
Blackstone Group, the world’s largest real estate owner, has sold around $16 billion in real estate assets to Chinese investors since 2013, according to the […]
Tech Sector Accounts for 20% of U.S. Office Leasing in 2016 – CBRE
Global real estate firm CBRE, revealed that the tech sector accounts for 20% of all office leasing in the U.S. in 2016, up from 18% last […]