Germany has outpaced the UK to become Europe’s most active commercial real estate market. In 2016, about $63.5 billion in commercial property traded hands in Germany compared to about $60.9 billion in the UK, according to MarketWatch (citing data from … Continue reading →
The Northern Manhattan submarket condo/co-op average sales price increased by nine percent from $615,648 ($743/sf) in Q4–2015 to $671,192 ($794/sf) in Q4–2016. The number of closed sales It promotes the activity of the enzyme cGMP that promotes the health of … Continue reading →
The Moody’s/RCA Commercial Property Prices Indices, which cover the multi-family, retail, industrial and office sectors, dropped by 40 percent from late 2007 to the end of 2009. Since then, the indices have more than doubled and are now 23 percent … Continue reading →
The Q4–2016 asking rent for Class A office in Baltimore’s CBD is $24.21/sf (full service). The availability rate for this submarket and class is 22.8 percent out of a total inventory of about 8.2 million square feet. Major lease transactions … Continue reading →
Russian interest in Miami real estate has increased since the U.S. presidential election, according to a CNBC report. On miamire.com, the official website of the Miami Association of Realtors, searches originating from Russia topped the list of international interest in … Continue reading →
Macy’s is selling the three buildings it occupies on Nicollet Mall in downtown Minneapolis. New York-based The 601w Companies is paying north of $40 million for the property which it plans to convert into office space with retail on the … Continue reading →
Starting January 1, 2017, Chinese citizens have to report the purpose of their currency purchases to the State Administration of Foreign Exchange (SAFE), the country’s foreign exchange regulator. For several years, Chinese citizens have been limited to transferring up to … Continue reading →
In response to alleged Russian malicious cyber activity and claims of Russian harassment of U.S. diplomatic personnel in Russia, the Department of State has, among other measures, provided notice that as of December 30, Russian access will be denied to … Continue reading →
Norges Bank Real Estate Management purchased the Paris property Vendôme Saint-Honoré for $1.05 billion on December 16. The seller, Trajan Luxembourg S.a.r.l and Trajan Luxembourg II S.a.r.l (both controlled by Irish businessmen John Magnier and JP McManus) reportedly purchased the … Continue reading →
Japan-based Unizo Holdings Co. Ltd. recently acquired The Executive Building, a 332,022sf, class A office building located at 1030 15th Street NW for $228 million ($686.70/sf). Completed in 2008, the 12-story, LEED Gold property is 93 percent leased. Tenants include … Continue reading →