Commercial Real Estate & Business News – October 21, 2015

Despite a jumpy stock market and shaky global conditions, the U.S. economy appears to be on solid ground for the near future, according to the latest ULI Real Estate Consensus Forecast. During panel discussion at the ULI Fall Meeting, three of the real estate industry’s leading economic experts explained their reasons for optimism while adding notes of caution… Read more »
With capitalization rates near record lows, prices for buildings soaring and rents rising as vacancy rates shrink, talk is spreading that commercial real estate may be in bubble territory. But whereas analysts see signs of frothiness in a few pockets of the market, they say the situation overall really isn’t overdone… Read more »
All told, the US lodging Industry is experiencing record breaking performance, as evidenced by year-over-year growth in occupancy, ADR, and RevPar. According to Conrow, what places the South Florida hotel marketplace at the top of the charts is a combination of demand generators unique to the region: foreign visitors, the thriving cruise industry, and a key airport expansion… Read more »
According to Valley commercial real estate brokers, the cluster of restaurants just north of Camelback Road on Central Avenue and the stretch of new restaurants along Roosevelt Street near Central were catalysts for an office leasing boom… Read more »
The Koll Cotton Center, a seven-building, 225,435 square-foot industrial business park, has been acquired for $26 million by bkm Capital Partners, an institutional fund manager. Brett Turner, director of acquisitions at bkm Capital Partners, was responsible for sourcing and acquiring the deal, working closely with Clarion Partners. Jones Lang LaSalle represented Clarion as the seller in the transaction… Read more »