Commercial Real Estate & Business News September 14, 2018

Retail investment activity is ticking up, slowly. In the first half of the year, investment activity increased 3% nationally, over 2017, and the second quarter alone increased 41% year-over-year, according to research from Newmark Knight Frank. The Western US has lead the increase in activity, increasing 33% year-over-year and 96% for the second quarter alone.…»
PHOENIX, ARIZ. – Hines, the international real estate firm, announced today that 24th at Camelback II has been recertified Platinum under the U.S. Green Building Council’s LEED for Existing Buildings: Operations & Maintenance (EBOM) Rating System. The property, owned by Hines and an East Coast pension fund advised by Invesco, first achieved LEED Platinum in 2013. A…»
From coast to coast, cities want a piece of the tech-focused economy. Some people dream their city could be the next Silicon Valley or Austin. One reason cities love tech jobs is because many of those jobs go to millennials. That’s why a report from TH Real Estate, a global real estate investment firm, caught my eye. It picked one U.S. city to watch, Phoenix, as the “next millennial magnet.”…»
It’s not often that commercial real estate landlords want to lose tenants, but that may be the case with the criticized pizza chain Papa John’s as it faces the prospect of closing 250 restaurants across the country. Landlords are concerned the chain’s highly publicized missteps by its former chief executive, who received swift criticism after using a racial slur on a recent conference call,…»
U.S. multifamily rents in August maintained the year’s torrid pace, adding $2 to July’s record high. The $1,412 nationwide average for the month represented a 3% year-over-year increase and was the seventh consecutive all-time high, according to a survey of 127 markets by Yardi® Matrix. Multifamily rents have grown steadily throughout 2018, buoyed by the strong economy…»