Commercial Real Estate News

Commercial real estate and investment news brought to you by RE/MAX Commercial Group

High Pricing, Limited Construction Luring Industrial Portfolio Sellers Back I…
Thursday, November 16, 2017

Almost any way you look at it, from rising rents and e-commerce-related leasing demand, to strong investment sales and pricing, 2017 is shaping up as possibly the strongest year on record for U.S. industrial real estate. “It’s really hard to find anything negative to say about the current market,… .. read more..


Major Apt. Developers Disclose Plans to Slow Pipelines as Multifamily Deliver…
Thursday, November 16, 2017

One of the largest projects of next year will be the mid-2018 groundbreaking of the 1.15 million-square-foot second phase of Washington, D.C.’s The Wharf by PN Hoffman and Madison Marquette, including residential, office, marina and retail space. In a reversal of current development trends that c… .. read more..


Workspace Property Trust Postpones IPO, Citing ‘Market Conditions’
Thursday, November 16, 2017

Workspace Property Trust acquired 1 Country View Road in Malvern, PA, as part of its $969 million purchase of a 108-property office and flex portfolio in late 2016. Suburban office owner Workspace Property Trust has postponed a planned initial public offering, citing “current market conditions,” … .. read more..


Workspace Property Trust Postpones IPO, Citing Unfavorable Market Conditions
Thursday, November 16, 2017

Workspace Property Trust acquired 1 Country View Road in Malvern, PA, as part of its $969 million purchase of a 108-property office and flex portfolio in late 2016. Suburban office owner Workspace Property Trust has postponed a planned initial public offering, citing “current market conditions,” … .. read more..


Cold Storage Becoming a Hot Property Investment
Wednesday, November 15, 2017

The Blackstone Group (NYSE:BX), which reportedly attempted to buy one cold storage warehouse operator earlier this year, has found a willing partner in another. Sioux City, IA-based Cloverleaf Cold Storage has agreed to a recapitalization that will see private equity funds affiliated with Blackst… .. read more..


VEREIT To Sell Cole Capital to CIM Group Affiliate for Up to $200 Million
Monday, November 13, 2017

In a move to focus on its real estate portfolio, VEREIT, Inc. (NYSE: VER) has agreed to sell nonlisted REIT operator Cole Capital to an affiliate of Los Angeles-based CIM Group, Inc. in a transaction valued at up to $200 million. Phoenix-based Cole Capital has $7.6 billion in assets under managem… .. read more..


VEREIT Selling Cole Capital to CIM Group Affiliate for Up to $200 Million
Monday, November 13, 2017

Cole Real Estate Income Strategy (Daily NAV), Inc., one of five REITs managed by Cole Capital, has acquired several retail portfolios and freestanding properties in 2017, including this Wal-Mart store in Liberty Plaza in Randallstown, MD. In a move to focus on its real estate portfolio, VEREIT, I… .. read more..


Developer of Toronto’s Tallest Residential Tower Confirms Plans to Include Lu…
Monday, November 13, 2017

The developer behind what would be the tallest residential building in Canada has decided to scale back plans for 10 floors of retail and bring in a luxury hotel, CoStar News can report. Sam Mizrahi, president of Mizrahi Developments, confirmed that The One project, slated to be completed as earl… .. read more..


Brookfield Proposes to Acquire GGP for $14.8 Billion
Sunday, November 12, 2017

Brookfield Property Partners LP (NYSE:BPY) (TSX:BPY.UN) has made a non-binding proposal to acquire GGP Inc. (NYSE:GGP) beyond the 34% it already owns. Brookfield would pay $23/share payable in cash and stock at a total value of $14.8 billion. The proposal represents a premium of 21% to the unaffe… .. read more..


Office Lease Up (November 13) Brookfield Lands Another Major Tenant at One Ma…
Sunday, November 12, 2017

Ernst & Young (EY) has agreed to lease 600,000 square feet of office space in Brookfield Property Partners’ new One Manhattan West located at 400 West 33rd St., becoming the latest major office tenant to decamp for the emerging area of the city, the global tax advisory firm confirmed Thursday. Th… .. read more..


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