Commercial Real Estate News for Thursday May 31

In Thursday’s commercial real estate news – we’ll give you a look at Cushman’s plan to file for an IPO, Newmark’s acquisition of brokerage RKF, the 10 must reads CRE, and so much more.

Cushman is planning to file for an IPO in June: sources

Cushman & Wakefield is gearing up to file for an initial public offering with the U.S. Securities and Exchange Commission sometime in June, sources told The Real Deal.

Bentall Kennedy Releases its 2018 Corporate Responsibility Summary Highlighting the Value of Sustainability in Commercial Real Estate Investment

Bentall Kennedy released its 2018 Corporate Responsibility Summary showcasing its environmental, social and governance (ESG) achievements over the past year. This year’s report focused on a redefined understanding of sustainability and the positive contributions of ESG commitments to enabling long-term, financial value creation and risk mitigation for commercial real estate investors.

DEMAND FOR PERTH WAREHOUSES TIPPED TO RISE FOLLOWING UPTURN IN MINING

The high vacancy rates in Perth’s industrial market might be set to continue in 2018 but there has already been an increase in inquiries for industrial space following the uplift in mining exploration expenditure during the past year.

 
 

PERTH’S FORMER DEPARTMENT OF TRANSPORT BUILDING SELLS OFF-MARKET FOR $22 MILLION

The eight-level vacant building, located at 441 Murray Street, had recently undergone a substantial refurbishment and was bought by Singapore-based private equity firm Redhill Partners in March.
 
 

As it Pursues Cost Cutting Deutsche Bank Takes Steps to Rationalize its Manhattan Real Estate

Deutsche Bank AG Chief Executive Christian Sewing is moving to cut down on costs to deal with a decline in revenue, part of a reorganization that has the German banking and financial services company rethinking its office space needs in the U.S.

 

Newmark to Acquire Retail Brokerage RKF Aims to Create Top Ranked Retail Company

In a move to expand its retail services platform in New York City and across the country, Newmark Group, Inc. has agreed to acquire RKF Retail Holdings, LLC, an independent brokerage with offices in seven large U.S. markets as well as Toronto and Tokyo.
 

CBREs Spencer Levy Dont Sweat the Apt Supply Wave US in the Midst of a Rental Demand Wave

Spencer Levy, head of research and senior economic advisor for CBRE, the country’s largest multifamily brokerage, has a reassuring message for all those owners and investors in the burgeoning U.S. multifamily property sector: don’t sweat it, concerns over a recent slowdown in the rental sector are overblown.

10 Must Reads for the CRE Industry Today (May 31, 2018)

Catch up on the latest in CRE today!

Investors should be wary of the risk profile of Opportunity Zone deals, which could be much higher in certain targeted census tracts than the stock market.
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