Cap rates for student housing assets linked to Power 5 universities have had lower cap rates than other Division I schools, but this year pricing has been almost the same.
A report released by commercial brokerage CBRE predicts a strong restaurant sector with spending increasing above non-food retail industries. The analysis also indicates that South Florida will remain a prime market for international restaurant expansions into the US.
Chicago's hotel supply has accelerated over the past few months, due primarily to projects in the River North submarket, the report states. The influx of new product has caused occupancy to decelerate, but only slightly.
Overall, 2018 was the cycle's best year with 52.2 million square feet of gross leasing across all industries, while 2011 was the second best at 45.3 million square feet, according to a report by Cushman & Wakefield.
The gaming control board released statistics for the first time for online casino game gross revenue at the three casinos that initiated Internet gaming during the week of July 15. Total revenues at the three casinos—SugarHouse Casino, Parx Casino and Hollywood Casino at Penn National Race Course—came to $812,306 for Internet Slot and Internet Table Games.