News/Events
Rent Concessions Dip As Fewer Apartments Come Online
The U.S. apartment market shifts in favor of landlords, with rent concessions dipping and vacancies under 9%.
U.S.-Japan Yen Intervention Puts Global Interest Rates in Focus
Executive Summary Japan and the United States recently jointly intervened to support the yen after the currency weakened to nearly ¥164 per dollar, its lowest level in roughly four decades. The operation briefly drove the yen to ¥155.20, its strongest level since May, before it surrendered part of the gain and settled near ¥157.50. The…
These 15 Lenders Are Leading The $1.3T Data Center Debt Surge
An accounting of 4,296 facilities around the country reveals who is funding explosive growth in data center construction.
AvalonBay, Equity Residential Selling Boston Towers As Part Of Merger Settlement
Vivmark, formed by the merger of AvalonBay and Equity Residential, agreed to sell a pair of Boston properties as part of a settlement with the state.
Shapiro Turns On Pennsylvania Data Centers With Restrictive Executive Order
Pennsylvania Gov. Josh Shapiro is implementing new restrictions on data center projects amid public backlash.
Astrodome Conservancy Solicits Redevelopment Ideas
The private group urges developers to submit creative, viable Astrodome redevelopment ideas by Sept. 8.
AmTrustRE Brings Financial District Office Tower to 100% Occupancy
AmTrustRE, a national real estate owner-operator, said Tuesday that 59 Maiden Ln., its 1,043,670-square-foot office tower in Manhattan’s Financial District, has reached 100% occupancy. The leasing milestone occurs with a new, 14,807-square-foot lease with Blackstone-backed ANV Group Holdings Ltd. and a 58,164-square-foot renewal from London Fischer LLP. The full occupancy comes ahead of the completion of the property’s extensive…
CBRE Arranges 118K-SF Price Zone Lease in Commerce
CBRE arranged a nearly 118,000-square-foot industrial lease at Harris Business Center in Commerce to Price Zone, a wholesale distributor and importer of consumer goods. The transaction allows Price Zone to consolidate operations previously spread among three separate facilities. CBRE’s Cameron Merrill and Jeff Stephens represented the landlord, DWS. The tenant was represented by John Lee of Curb Realty. “Price…
Largest U.S. Grid Threatens Power Cuts To Data Centers That Don't Bring Their Own
Facing high data center demand, the largest U.S. grid wants data centers to provide their own power or risk being cut off when the grid is strained.
