Commercial Real Estate & Business News – October 12, 2017
Kroger Explores Sale Of C-Store Business The nation’s largest grocery operator by revenue is exploring a sale of its convenience store business. The Kroger Co. said Wednesday it had hired Goldman Sachs to identify, review and evaluate options for its 784 C-store properties, which operate under five different banners in 18 states. …» Phoenix Industrial Market on Pace […]
Commercial Real Estate & Business News – October 11, 2017
How to Increase the ROI of Today’s Grocery-Anchored Retai It’s an inexorable fact of human existence that some people can adapt well to change and others struggle. It is no different in the world of real estate. Brick-and-mortar infrastructure has historically evolved based on the needs, utility and technological innovation of the populations it serves. […]
Commercial Real Estate & Business News – October 10, 2017
Office Continues ‘Slow, Steady Improvement’ Office vacancies declined 10 basis points during the third quarter to a national average of 12.9%, CBRE said Monday. Driving the improvements were suburban markets, continuing a trend seen over the past few quarters. Specifically, suburban office vacancies shed 20 bps to end Q3 at 14.1%, while for CBDs the quarterly […]
Commercial Real Estate & Business News – October 9, 2017
Investment in U.S. Data Centers Already Above Record Levels for 2017 Investment in the U.S. data center sector reached record levels in the first half of 2017-$18.2 billion, more than double that for all of 2016, according to a new report from CBRE. At this pace, investment in the data center sector-which includes all single-asset, […]
Commercial Real Estate & Business News – October 5, 2017
Xenia Hotels Pays $410M for Properties in Arizona and DC ORLANDO, FL-Xenia Hotels & Resorts Inc. has acquired two Hyatt Hotel properties in Phoenix and Scottsdale, AZ and the Ritz-Carlton Pentagon City in Arlington, VA in two separate transactions for a total purchase price of $410 million. Xenia announced on Wednesday that it purchased the Hyatt Regency […]
Commercial Real Estate & Business News – October 4, 2017
Investors Look for Bargains in Undervalued Markets Property values have surged steadily higher in the prolonged recovery. But that high tide isn’t raising all boats as some metros are still falling short of 2007 pricing. The broader commercial real estate market has regained and surpassed values that existed at the prior peak. The major metros […]