Transparency Is Becoming a Prerequisite for CRE Capital
Matthew McAuley, courtesy of JLL Transparency in commercial real estate has typically been considered a measure of market maturity. However, “as disruption and complexity become increasingly embedded in the global economy, transparency has become critical, shifting from a measure of market maturity
Construction’s Growth Story Depends on What’s Being Built
U.S. construction market data tells two stories. New construction starts fell 20% month over month in June, on the heels of a 33.5% gain in May. The surge was attributed to large projects within healthcare, manufacturing, utilities and data centers, according
Luxury Auto Brands Continue to Steer Miami’s Condo Development Boom
Prosper Group and Belgium-based Versluys Group will brand their 60-story Brickell condominium tower with French automaker Bugatti, marking the luxury car manufacturer’s first U.S. residential project. The developers acquired the one-acre site at 66 Southwest 6th Street for $50 million
An Office Building Creates More Data Than the Finance Team, So Why Can’t Anyone Use It?
For those of us in facilities operations or real estate, it comes as a surprise to learn that large office buildings generate more data than most finance teams create in a year. Building management system (BMS) telemetry data, space occupancy
Open-End Real Estate Funds Turn to Secondary Sales Amid Redemption Pressure
Blackstone is facilitating a secondary sale for investors in one of its Blackstone Property Partners funds, a US vehicle with $11 billion in net asset value. The firm is playing a more formal role than typical secondary market transactions, arranging
Hotel Added to Broomfield Mall Redevelopment Plan
A still-unbranded 150-room hotel will be included in plans to reposition the FlatIron Crossing regional mall in Broomfield. Besides the hotel, the updated mall will feature 90,000 square feet of retail, dining and entertainment space, along with 347 apartments, when
Goldman Sachs Pays $147M for DC Apartment Building
A 269-unit D.C. apartment building at 1499 Massachusetts Ave. NW was acquired by an affiliate of Goldman Sachs & Co. LLC for $147 million. The Goldman Sachs affiliate received a $70 million loan from the New York State Teachers’ Retirement System,