Commercial Real Estate
Top stories summarized by our editors
8/22/2017

Advent International's decision to establish a fund dedicated to debt investing is the latest example of the diversification trend in private equity. Firms are expanding away from traditional equity offerings into credit and other products with attractive risk-return profiles.

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Advent International
8/22/2017

Increased multifamily supply has resulted in more competitive leasing for high-end product, especially in urban locations. Markets are varying widely in performance, with annual rent growth ranging from a 7% increase in downtown Seattle to a 5% drop in downtown Houston.

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Seattle, Houston
8/22/2017

REITs offer growth potential for investors, although opportunities in the market are more nuanced now, says Scott Crowe of CenterSquare Investment Management. Retail REITs have been oversold on fears about competition from e-commerce, while quality centers are near full occupancy now, says Alexander Goldfarb of Sandler O'Neill & Partners.

8/22/2017

Dozens of condo properties in Chicago are converting into apartments as rental rates have increased by 24% over the last seven years. Deconversion is typically complicated, but local laws in Chicago make the process straightforward.

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Chicago
8/22/2017

Lucknow, the India-based majority owner of New York City's Plaza Hotel, has tapped JLL to find a buyer for the sought-after property, a source said. The sale could be as much as $500 million, making it one of the most expensive hotel transactions.

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Plaza Hotel, New York City, Lucknow, JLL
8/22/2017

CyrusOne's capacity has been sold out since the third quarter of last year, but this quarter it is bringing on new capacity, says Gary Wojtaszek, the corporation's president and CEO. "We have nine of the top 10 largest cloud companies in the world, and we are working hard to get the last one in our portfolio," he says.

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CNBC
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Gary Wojtaszek, CyrusOne
8/22/2017

The global prices for industrial metals are being driven sharply higher in the longest rally for base metals in three years. Market demand for nickel and copper remains strong, and buyers are paying more for zinc than at any time in almost a decade.

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Bloomberg
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metal prices
8/22/2017

Highland Street Group purchased the former Indian Mall in Jonesboro, Ark., and plans to redevelop it with the help of Haag Brown Commercial. Preliminary drawings show 35,000 square feet of retail space connecting with a Kroger Marketplace.

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Arkansas Business
8/21/2017

Malls are adding unique tenants -- such as Madame Tussauds wax museum at Opry Mills in Nashville, Tenn., and an indoor rope course at Palisades Center in West Nyack, N.Y. -- and otherwise trying to emphasize experiences in order to keep the centers full and vibrant. In other cases, they are redeveloping into mixed-use complexes.

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USA Today
8/21/2017

Hudson Yards in Manhattan introduces more luxury residential space into a market that is threatening to become oversaturated and more inequitable.

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Hudson Yards, Manhattan