Commercial Real Estate News for Thursday June 7

In Thursday’s commercial real estate news – we’ll give you a look at the the most powerful brokerage firms of 2018, technology’s impact on the future of CRE, the 6 top CRE trends, and so much more.

2018 Most Powerful Brokerage Firms

Commercial real estate transaction volume has declined from its 2016 peak, but remained relatively strong in 2017 and the beginning of 2018 compared to the early years of the current cycle. Commercial real estate remains an attractive asset class for many investors, however rising interest rates and stagnant cap rates are making it difficult to earn significant returns on certain deals and in specific markets.

Technology’s Impact On The Future Of Commercial Real Estate

The retail industry has been experiencing disruption due to technological innovations that have pushed a growing number of consumers to mobile purchases and e-commerce transactions.

While residential rents in Melbourne increased about 3 per cent in the past year, for the highest Premium-grade office stock in the CBD the rise was 11.7 per cent in the year to December 2017.

Top 6 Commercial Real Estate Trends

GlobeSt.com got an exclusive look at the commercial real estate data and trends set to define dealmaking and investments for the rest of the year by law firm Akerman LLP. The ninth annual Akerman US Real Estate Sector Report, which has been tracking executive sentiment in CRE for nearly a decade, identified six top trends among leading real estate executives:

Technology Helps Reinvent Communication for Commercial Real Estate Teams

Property related workflow is particular. There are a lot of different things that get talked about by a lot of different groups. For an office building design, for example, facilities managers want to understand layout, IT wants to plan the low voltage wiring, the real estate team is considering the amount of flex space, and human resources is trying to figure out how to plan the gender neutral bathrooms.


Real estate property manager and developer JLL launches a $100 million tech investment fund

The multi-billion-dollar real estate developer and property manager JLL is getting into the tech investment game with the launch of a new $100 million fund run by corporate subsidiary JLL Spark.

Expansive Seniors Housing Community Planned for Iconic Presidential Tower in Atlanta

Atlanta’s iconic but forgotten circular tower on the Perimeter has been sold to a local group that plans to convert it to a seniors housing community.

Minneapolis City Center Sells Again

According to sales documents released on Wednesday morning, an as-yet unidentified buyer purchased the sprawling, 1.62 million-square-foot complex at 33 S. Sixth St. in Minneapolis.

 

Lord & Taylor’s Fifth Avenue Store to Close After 104 Years

Hudson’s Bay Co., the owner of Saks Fifth Avenue, said it will close as many as 10 Lord & Taylor stores — including the flagship Manhattan location — in an attempt to revive its struggling units.

 

Still in a Sweet Spot?

Despite intensifying concerns about the maturity of the current commercial real estate cycle, publicly-traded REITs remain on solid footing and have good options for deploying their capital.

 

The hedge fund manager personally holds a majority stake in Rittenhouse Hill, a luxury apartment complex that’s one of the largest in Philadelphia.
Here at myNOI.com our team researches daily to find you the most important commercial real estate news!