As investment in life sciences real estate slows a bit, CBRE provides a deep dive into which cities are seeing the most interest from tenants right now, and how those statistics compare to the current market vacancy and amount of pre-leased space under construction.
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Appraisal business is down, as investment sales activity and refinancing deals have declined. Now, appraisers must rely on supplemental data to make value assessments.
Frank Cohen, a nearly three-decade firm veteran, will cede leadership of Blackstone’s “Core+” real estate business to Wesley LePatner, the group’s global chief operating officer, according to Blackstone executives.
As much of the world barrels back to post-Covid normalcy, Canada’s second-largest city is struggling to recover. Its office vacancy rate has soared to 16%, according to CBRE Group Inc., with only Calgary faring worse among the nation’s five largest metropolitan areas
One of New York City’s largest commercial real estate owners had to write down the value of its portfolio by $600 million, reports Bisnow. The U.S. market saw the delivery of a record amount of new industrial space last year, according to Commercial Edge. These are among today’s must reads from around the commercial real estate industry.
