Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
With office cap rates already at all-time lows and institutional investors pushing the limits on rent growth expectations, cap rates this year are expected to hit a wall.
With the addition of the new retail options, Bell Works is continuing its dramatic transformation into what Somerset CEO Ralph Zucker has called a “metroburb”—a self-contained urban environment in a highly livable suburban locale.
The firms have formed a joint venture project to purchase $500 million in value-add office product over the next two years, and they have already made their first two buys in California.
Transwestern's national managing director of consulting services, Adam Stoltz, explains how strategic use of building data can help increase real estate value.
“The seller felt the sale came at the right time due to the relatively low interest rate environment and strong demand for investment properties in Hoboken,” says Kislak's Scott Davidovic.
Peloton evaluated four different US markets and found that the Dallas area offered the most attractive options and a CBRE survey revealed that Dallas was in the number two spot as favored by investors.