CBRE: Tech Accounted for 21 Percent of Office Leasing Activity in 1H 2019
According to CBRE’s annual Tech-30 Report, tech companies accounted for 21 percent of major office-leasing activity in the first half of this year, up from 11% […]
Commercial
U.S. Office Market Continues Growth Pattern Amid Concerns About the Future
Driven by a decade of consistent economic growth, major U.S. metro areas added 682 million square feet of office space between 2008 and 2018, according […]
New Report Reveals the Impact of Public Transit on Property Values
A new report from the National Association of Realtors (NAR) and American Public Transportation Association (APTA) found that residential properties within a half mile of […]
Blackstone Group to Buy the Bellagio Hotel for $4.25 Billion
MGM Resorts International on Tuesday announced it will sell its Bellagio Hotel and Casino in Las Vegas to the Blackstone Group, and then lease back […]
Newmark Knight Frank Acquires Workframe, Inc.
Newmark Knight Frank has acquired the innovative workflow solutions provider Workframe, Inc. reported PR News Wire. The Workframe software tool is a workflow solution that […]
SmartRent Receives a Strategic Investment from the Amazon Alexa Fund
SmartRent, a Scottsdale, AZ-based provider of smart home automation for property managers and renters, announced that it received a strategic investment from the Amazon Alexa […]
Oracle to Add Twenty New Data Centers by 2021
Software-giant Oracle Corporation plans to open 20 new data centers by 2021, its cloud chief Don Johnson told Reuters. The new data centers will more […]
Updates from the CRE World: Airbnb, CBRE, CoStar, Keller Williams & WeWork
Airbnb Leaning Towards a Direct Listing Instead of an IPOSan Francisco-based Airbnb is rumoured to be considering a direct listing instead of an initial public […]
IBM Sues Zillow Over Patent Infringement
IBM launched a lawsuit against real estate tech giant Zillow over seven charges of patent infringement related to a host of computer processes that Zillow […]
CBRE: Flexible Office Space Market to Reach 600 Million Square Feet by 2030
A new report by global real estate firm CBRE forecasts rising growth of the flexible office/coworking space market over the next decade. According to CBRE, […]