Office Distress Risks Rising

The anticipated wave of office distress hasn’t fully materialized, but the latest CommercialEdge office report indicates many markets are at risk. Vacancy rates have surged as companies downsize or close physical offices. Image by Jeremy Poland/iStockphoto.com Debt service coverage ratios (DSCRs), measuring net operating income against debt obligations, have declined due to rising interest rates […]

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How AI Will Impact the Brokerage Biz

Will Frame Susan Bloomfield and Ross Ford Whether or not artificial intelligence will make sweeping changes to the brokerage industry is not up for debate. Yet where and how these new technologies will make an impact is. Without a crystal ball, its hard to predict which aspects of the business will be most influenced, but […]

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Research Triangle Portfolio Trades for $47M

Greenfield 27 consists of three Class A industrial facilities. Image courtesy of Cushman & Wakefield Wigeon Capital has sold Greenfield 27, a three-building, 260,000-square-foot Class A industrial park in Garner, N.C., within the South Raleigh submarket, for a combined $47.3 million. Cushman & Wakefield and NAI Tri Properties negotiated the deal on behalf of the […]

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Miami Office Transactions Picked Up in Q1

The Miami office market continued to perform well through the first three months of the year, with sales volume increasing, in comparison with the same period last year. The metro’s development pipeline is in line with the national trend of lowered demand in office space. 830 Brickell is expected to come online in September 2024. […]

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Drawbridge Inks Lease Expansion at San Diego Office Campus

Discovery Corporate Center’s Building D comprises 84,277 square feet. Image courtesy of Drawbridge Realty Drawbridge Realty has signed a 16,485-square-foot expansion with Leonardo DRS Inc. at Discovery Corporate Center, a three-building, 228,895-square-foot Class A office campus in San Diego’s Rancho Bernardo submarket. The tenant, an Italian-owned supplier of integrated products and services for military forces […]

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Lovett Kicks Off Industrial Charlotte Project

Orr Road Business Center will include two buildings. Image courtesy of Lovett Industrial Lovett Industrial has broken ground on Orr Road Business Center, an urban infill 282,000-square-foot industrial business park in Charlotte, N.C. Edifice serves as the project’s general contractor, with Merriman Schmitt Architects having provided design services. Oak Engineering is the civil engineer and […]

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How Private Wealth Is Seizing the Day

Nicco Lupo Institutional capital flows (or lack thereof) have been a quiet driver for a dislocated transaction market during the past 18 months. As a result, private capital has filled the void in the risk tranche typically occupied by insurance companies, domestic and foreign pensions, ODCE funds and core+ evergreen capital. Billionaires, family offices and […]

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Property Management Success: Cool Heads for Cold Storage

Managing cold storage facilities, such as this one operated by BLT, calls for heightened attention to maintenance. Photo courtesy of BLT Enterprises Over the past several years, cold storage has become an increasingly heated industrial specialty. According to Grand View Research, the climate-controlled storage sector, worth $36.9 billion as of 2023, is expected to grow […]

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