The mass exodus from California to Texas continues with a new California company landing in Plano, Texas. “Drawbridge Realty has purchased the HQ53 office building on Headquarters Drive in Legacy business park. Completed in 2021 by developer Cawley Partners, the 248,861-square-foot building at 5301 Headquarters Drive houses the headquarters of Aimbridge Hospitality.” Read the full...Read More
Traffic. It’s an issue most cities have faced for many many years now, with little to no effective solution. Read Costars article on Elon’s latest idea on how to resolve this major issue, starting with Las Vegas. https://product.costar.com/home/news/shared/827196024?utm_source=newsletter&utm_medium=email&utm_campaign=personalized&utm_content=p1&t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiI0ODE0OTc1IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTY1NTEzNDg5MX0.sMzzAhQAG1J6L_xwLoLYr_ZUO3ENoWVzm4-JfxrTsxMRead More
Inflation is affecting all industries and buyers in a number of ways, causing a need for reevaluation specifically for commercial real estate. “The reevaluation is mostly a result of higher borrowing costs,” says Aaron Jodka, national director of capital markets research for Colliers. “At a macro level, the interest rates themselves are not a problem....Read More
Downtown Austin Alliance’s report shows a quick post-pandemic recovery. “Downtown Austin’s housing and office markets have rebounded at an exponential pace,” the report says. “Leasing activity returned to pre-pandemic levels with downtown Austin leading the nation in sublease space absorbed.” The report also says Austin can expect to add 22,000 tech jobs in next five...Read More
How much space is too much space? Excess capacity cost the company about $2 billion in “incremental costs” during the first quarter, CFO Brian Olsavsky said on an earnings call. Check out the latest article from The Real Deal to read what do’s and don’ts you can learn from Amazon. https://therealdeal.com/2022/04/29/amazon-binge-ends-in-hangover-halt-on-warehouse-deals-amid-4b-loss/Read More
“NAR’s Commercial Real Estate Market Conditions Index is calculated using 25 variables pertaining to the metro area’s economic conditions (job growth, unemployment rate, wage growth), demographic conditions (net domestic migration, population growth), commercial market conditions for multifamily, office, industrial, and retail property sectors (vacancy rate, absorption, rent growth, cap rate, professional/business services, and retail trade...Read More
Have you returned to the office? Post pandemic office return yields massive spike in office space. CNBC’s Diana Olick joins ‘The Exchange’ to report on the return to office impact on real estate. https://www.cnbc.com/video/2022/05/03/demand-for-office-space-jumps.htmlRead More
Commercial Real Estate sales in New London and Windham counties jumped from 29 to 121 compared to last year, according to statistics from the Eastern Connecticut Association of Realtors. Read The Day’s latest article on what trends they’re seeing and why leasing space is on the rise.Read More
“Matthew Fickett, principal at SGA, is concerned with creating energy-efficient, net zero labs. With offices in Boston and New York City, the architecture studio has more than three decades of experience, boasting an impressive portfolio of life science buildings. In a detailed interview for Commercial Property Executive, Fickett shared industry insights about what energy-efficiency means for lab...Read More
“Russia has always been a tricky play because of the lack of transparency in the country,” Booth told CoStar News in an interview. “For Ukraine, how can an investor step into it now? Will they win? Or will Russia take over the real estate? It’s an impossible situation.” Read Costar’s latest article on the war...Read More
