JBG Smith Properties Inc., the developer of Amazon’s future Virginia headquarters, has sold the 621,000sf Warner Building in DC to CBRE Global Investors for $375.5 million ($606/sf), according to Globest. Built in 1924, the 13-story mixed use property located at … Continue reading →
Twelve percent of homes listed for $10 million or more saw a price drop in 2018 — double the levels of 2015 and 2016, according to
Continue reading →Industrial assets in LA typically sell for $140/sf to $200/sf, according to RE Business Online (citing Why all the buzz and excitement? Well, you have not to look any further as you can get it up, or whether you can … Continue reading →
Canadian-based Hudson’s Bay, the owner of Lord & Taylor, has decided to close the store’s 104-year-old flagship location on 5th Avenue in New York, according to CNBC. The 676,000sf building, located between 38th and 39th Streets With advances in technology … Continue reading →
In 2015, there were 70 food halls across the U.S. By the end of 2017, that number had grown to 118, according to Bisnow, citing a Cushman & Wakefield report tracking food halls. But first you need to pfizer viagra … Continue reading →
In an effort to stanch the rising cost of housing and cool pressure on existing infrastructure, New Zealand’s new coalition government intends to cut immigration and ban non-resident foreign buyers from purchasing existing homes in the country. According to the
Continue reading →In Q3-2017, cap rates for retail properties decreased by 12 basis points to 6.11 percent – the lowest level for this sector since Q3-2016 when the rate was at 6.10 percent. The spread between asking and sold cap rates decreased … Continue reading →
McLean-based Capital One recently purchase the prime Georgetown property located at 3150 M NW for $50.2 million ($5,720/sf), according to Washington Business Journal. The sale of the 8,769sf retail building breaks the record for a non-redevelopment transaction in DC, according … Continue reading →
Average U.S. commercial real estate prices fell by 40 percent between the 2007 peak and the trough in 2010, according to Alex Pollock of R Street. Since then, prices have rebounded and are now 22 percent above the 2007 peak … Continue reading →
Construction and development costs in the U.S. increased by 2.7 percent in 2016 and are expected to increase along similar lines during 2017, according to JLL’s U.S. Fit Out Guide. The guide, which looks at Class A office build-out in … Continue reading →