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 […]
Commercial Real Estate & Business News – October 3, 2017
CRE National Price Indices Maintain Upward Trend Through Summer’s End The CoStar Commercial Repeat-Sale Index (CCRSI) ended this past summer much as it began, with upward momentum in pricing momentum for commercial real estate as both national composite indices advanced by a healthy margin for the 12-month period ending in August, driven by improving price […]
Commercial Real Estate & Business News – October 2, 2017
Here are the Golden Rules Retailers Need to Survive the Purge and Amazon Macy’s Inc. (NYSE: M) rolled out a new credit card rewards effort yesterday aimed at giving customers more discounts and money back.The effort mirrors some past Macy’s rewards programs and comes as retailers try to avoid the industry purge spurred by e-commerce […]
Commercial Real Estate & Business News – September 29, 2017
Beyond Minor Drawbacks, Several Phoenix Submarkets Hit on Amazon’s HQ2 Wishlist Using Amazon’s Request for Proposal (RFP) and CoStar’s unparalleled database of commercial real estate information, the CoStar Market Analytics team developed a ranking of potential Amazon HQ2 destinations among metros with more than 1 million people. The rankings weigh: % of a metro’s population […]