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Fever For Hospital Projects Fuels Demand Spike In Architect Billings Index
The Architecture Billings Index (ABI), a key indicator of demand for construction projects breaking ground nine months to a year from now, jumped sharply in June to its highest level since July 2007. Ramped up demand for institutional projects such...

Met Square Mixed-Use Project Latest to Break Ground In Miami's Booming Downtown
MDM Group has broken ground on Met Square, a 43-story residential tower with attached movie theater, shops and restaurants that will be the fourth and last phase of MDM’s $1 billion Metropolitan Miami master development in downtown Miami. Underscoring...

At Midyear, Accelerating New Office Supply Held In Check By Strong Absorption
U.S. office market demand growth rebounded in the second quarter of 2015 following slower-than-expected net absorption in the first three months of the year as businesses continued to add office jobs and lease space. Net absorption roared to 25 million...

Watching More Transactions Move Online, Banks Planning to Shed More Branches
Joining many consumer goods retailers who are downsizing their brick and mortar locations, some of the nation's biggest banks are now touting their bank branch closure plans. The primary driver behind both decisions is the same: more banking activity...

CRE Investments a Bright Spot for CalPERS, CalSTRS in Otherwise Mediocre Returns
Preliminary annual returns for the nation’s two largest public pension funds came in well under policy benchmarks. The one upside for the two bellwether funds is that their investments in the nation’s uber hot commercial real estate investment market...

Prologis Pushes Rents, Plans to Sell More Property In Red-Hot Warehouse and Logistics Market
Market conditions don't get much better than this for warehouse and light-industrial owners. Perhaps more than any other property type, industrial property owners have benefitted this year from the strongest rent growth, tightest occupancies and largest...

With New REIT, You Don't Need a Rich Uncle to Invest in Commercial Real Estate
Former CB Richard Ellis CEO and vice chairman Ray Wirta, and real estate industry veteran Harold Hofer, who have a long history of championing small-dollar-investor access to big-dollar commercial real estate, are looking to offer shares in their latest...

UPDATED: A&P Contracts To Sell 120 Stores, Close 25, Marketing 150 Remaining Stores
The Great Atlantic & Pacific Tea Company Inc. (A&P) has filed its second voluntary petition for Chapter 11 bankruptcy reorganization in five years. As part of the filing, the national grocery store retailer is asking for approval to sell up to 120 stores...

Office Lease Up (July 20) Tableau Leases 210,000 SF in Seattle
Tableau, a maker of data visualization software, signed an 11-year lease for all 210,000 square feet in the NorthEdge building under construction at 3301 Densmore Ave N. in Seattle. Under its lease agreement, the company has the option to extend for two...

Blackstone Inks $203M Hotel Purchase From Pinnacle Hotel Management
Pinnacle Hotel Management (PHM) has sold or is in the process of selling 15 select-service Marriott- and Hilton-branded hotels to the Blackstone Group for $203 million. Nine of the hotel properties have sold, including the 94-room Homewood Suites by...

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