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White House Backs Privatizing Fannie, Freddie as Part of Sweeping Government Reorganization Proposals
Image credit: The White House In an unexpected move yesterday, the White House released a wide-ranging set of recommendations for reorganizing several federal agencies. The 132-page report covers government-wide reorganization proposals that could...

Amazon’s London Hub on the Block for $412 Million
Pictured: 60 Holborn Viaduct, EC1. LONDON -- Hines has instructed Cushman & Wakefield and Knight Frank to sell the building in London’s Midtown for a net initial yield of 4% - a capital value of US $1,744 (£1,315) per square foot. The asset, at...

Hot Hotel Selling Season: Three Chicago-Area Hotels Sold; Another on the Block
Pictured: The James Hotel, acquired earlier this month by Junius Real Estate Partners in an $83.1 million deal.Hotel properties in downtown Chicago and the suburbs have been changing hands and refinancing loans as the industry has enjoyed a prosperous...

NJ-Based Net Lease REIT Raises $455 Million in IPO
Cushman & Wakefield isn't the only commercial real estate firm testing the public markets this week. Essential Properties Realty Trust, Inc., a real estate investment trust that owns and manages triple-net, single-tenant commercial properties, raised...

Patrinely Group Pulls Permit for 30-Story Office Tower at Block 162 in Downtown Denver
A Houston company has pulled its first construction permit for the foundation of a long-anticipated project in downtown Denver. Plans for Patrinely Group’s Block 162 project were first floated in early 2016 as a 32-story office and hotel development...

Soon-To-Be Vacated Plano Campus Could Create New 'Legacy East' for Investors
A sprawling Plano office campus, which once housed H. Ross Perot's Electronic Data Systems, has landed on the market in hopes of attracting global investment interest to the fast-growing suburb of Dallas. The 1.6 million-square-foot, 97-acre office...

Retailers Score Major Win as Supreme Court Rules States Can Charge Sale Tax On Internet Purchases
Pictured: Westfield Century City, Los Angeles. In a decision welcomed by mall and shopping center landlords, the U.S. Supreme Court today narrowly ruled that states can collect billions of dollars in sales tax from online retailers like Wayfair, Overstock...

San Diego’s East Village Bubbling with New Social, Dining Spaces
The Block D office project in San Diego’s East Village is nearing completion and recently landed digital marketing agency Basic as its first tenant. Credit: BNIM. Multiple new apartments and restaurants are coming online in San Diego's East Village,...

Amazon-Occupied Office Buildings Continue to Set Seattle Sales Records
Amazon's Roxanne Building set a Seattle sales record for pricing when it was acquired by LaSalle Investment Management for $992 per square foot in May. One unique aspect of the Seattle office market is the outsize influence on pricing that a single tenant...

Multifamily Developer Legacy Partners Making Push Into Florida, Georgia as Part of Southeast Expansion
Pictured: Jon Wood, senior managing director of the Southeast for Legacy Partners.National apartment developer Legacy Partners is making a move to expand its operations in the Southeast, particularly Florida. Legacy, the Foster City, CA-based shop...