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01/18/2018
Breaking News: Amazon Narrows HQ2 Search to 20 Markets
Credit: Amazon.com Amazon (Nasdaq: AMZN) issued a short list of 20 metropolitan areas making the next cut in the competition to host the company’s second North America headquarters. This top 20 were narrowed from 238 proposals Amazon received from across...

01/18/2018
La Quinta Selling Operating Business to Wyndham Worldwide After Spinoff of Real Estate
After announcing plans a year ago to split its hotel business into separate firms, Blackstone-controlled La Quinta Holdings Inc. (NYSE: LQ) reached a deal this week to sell its hotel franchise and management businesses to Wyndham Worldwide Corp. (NYSE...

01/17/2018
Apple to Open Another Corporate Campus, Pledges to Create 20,000 US Jobs
Apple unveiled its new visitor center in Cupertino near Apple Park last November. Credit: Apple Inc. Just a few months after opening its 2.8 million-square-foot circular headquarters campus in Cupertino, CA, Apple Inc. today announced plans to build...

01/17/2018
Brokers See Listings as Big Challenge in 2018 Apt. Market
Pictured: Brian McAuliffe, president of institutional properties at CBRE, and head of its multifamily sales platform.The big national apartment brokerages think 2018 will be a year in which their biggest sales job will be convincing owners to sell....

01/17/2018
Kansas City Realtor Assn. Selects CoStar as CRE Data Provider
The Kansas City Regional Association of Realtors (KCRAR) and CoStar issued a joint statement today announcing that CoStar will become the real estate organization’s exclusive data, analytics and marketing provider for its commercial real estate division...

01/17/2018
Updated: MGM Growth Properties Makes Play to Acquire VICI Properties
Caesars Palace in Las VegasMGM Growth Properties LLC (NYSE: MGP) is making a play to combine two of the largest casino owners in the world. MGM sent a letter to the CEO and the chairman VICI Properties Inc. (OTCMKTS: VICI) proposing to acquire 100...

01/16/2018
Related Makes Bid for CRE Lender Ladder Capital
Justin Metz, president of Related Fund ManagementA subsidiary of New York developer and investor the Related Cos. made a cash bid this past weekend to acquire commercial real estate lender Ladder Capital Corp. (NYSE:LADR). Related Fund Management LLC...

01/15/2018
No Breaks for Tenants in Toronto
Pictured: Michael Betsalel, senior vice president of JLL Capital Markets.Multifamily units are selling for close to $200,000 in Toronto, but even at that price a new report from JLL says they are still trading well below replacement cost, and with little...

01/11/2018
Proposal to Ban Dual Agency Turned Back in California
California State Capitol. Credit: California State Assembly Sergeant-At-Arms.Legislation introduced in California intended to prohibit CRE brokers from acting in a 'dual agent' capacity and represent both sides of the same commercial property transaction...

01/11/2018
Sam's Club Abruptly Closes 63 Stores
Sam's Club, a division of Wal-Mart Stores Inc. (NYSE:WMT), abruptly posted closure notices on 63 of its stores across the country yesterday. The closings impact about 10% of its fleet of 660 clubs and are expected to affect about 10,000 employees,...