Archive for January, 2014
By: Mike Wheatley Source: Realty Biz News Could warehouses become the next big thing in commercial real estate? It’s too early to say now, but such properties are becoming increasingly sought after, as more retailers eye up the lucrative world of online shopping. Unsurprisingly, it’s the major retailers like Amazon that are leading this charge, reports CNBC News. Amazon, along with other online retailers, has kept busy of late buying up dozens of small distribution centers around the country. It’s motivation for doing so is that it can keep its products closer to people’s homes, and have them delivered far sooner, something that should boost the company’s business even more.
By Marc Stiles Staff Writer-Puget Sound Business JournalSource: http://www.bizjournals.com/seattle/news/2014/01/27/commercial-real-estate-stats-point-to.html Commercial real estate services company Jones Lang LaSalle and football legend Roger Staubach, executive chairman of JLL’s operations in the Americas, are predicting that Seattle will lose the Super Bowl. The reason: Seattle’s commercial office market is healthier than Denver’s. Before you holler hooey, you should know that in the last 13 Super Bowls, teams in cities with more vacant office space have won the big game 62 percent of the time, according to JLL.
Lodging, Office Sectors See Strongest Gains as Yield-Seeking Investors Target All Types of CRE Across Broad Array of Markets By Randyl Drummer Source: CoStar Advisor News Letter For buyers and sellers of commercial property, 2013 was a very good year. Total commercial real estatesales are projected to be more than 18% higher in 2013 from the previous year as U.S. property fundamentals and the economy continued to improve and investors in all property types fanned out into smaller markets in search of higher returns, according to preliminary CoStar COMPs transaction volume. Sales of office, industrial, retail, multifamily, hospitality and land totaled $366 billion in 2013, 17% higher than the $312.4 billion in property that changed hands in 2012, based on property transactions of all sizes that closed by Dec. 31, 2013 and were recorded by CoStar Comps as of Jan. 15, 2014. CoStar is continuing to track down and tabulate additional 2013 property transaction activity, which is expected to boost total sales for 2013 to nearly $370 billion when all transactions are counted.
Cedar Falls, IA, January 6, 2014 - FORTIS College is expanding its educational reach in Mobile, AL. FORTIS has entered into an agreement with Lockard who will deliver a new educational facility located at 7033 Airport Blvd., Mobile, AL, the former Haverty’s Furniture Store. Upon completion, FORTIS will consolidate all healthcare programs from their two older campuses in Mobile to the new campus on Airport Blvd. in Summer 2014. Lockard has been retained to oversee the conversion of the 65,000 sf facility located on Airport Blvd. into a state of the art healthcare educational facility by summer 2014. “Projects where we re-purpose older buildings and facilities to state of the art centers for education align well with our core values,” said Ken Lockard, Chairman of Lockard. “We enjoy opportunities that transform commercial real estate to help improve the quality of life in the surrounding community.”
by Business Wire Corporate Social Responsibility Editors Source: http://www.businesswire.com/news/home/20140103005053/en#.UsbIpfRDs1I
NEW YORK--(BUSINESS WIRE)--The following releases focus on Corporate Social Responsibility and moved during the week of December 25, 2013 – January 1, 2014. BOSTON -- First Wind Continues Community Outreach Program through DonorsChoose.org to Provide Assistance to Classroom Teachers(December 30, 2013 09:00 AM) Source: First Wind DEERFIELD, Ill. -- Walgreens Earns Top Marks in 2014 Corporate Equality Index (December 26, 2013 03:18 PM) Source: Walgreens OSAKA, Japan -- Panasonic Has Launched a "Cut Out the Darkness" Project to Deliver Solar Lanterns and Shades to Non-Electrified Regions Based on the Designs Contributed from All over the World (December 25, 2013 03:56 AM) Source: Panasonic Corporation Follow the CSR Circuit newsfeed on www.twitter.com/BWCSRNews Click here to subscribe to Mobile Alerts for Business Wire Corporate Social Responsibility. Contact Business Wire Raschanda Hall, 312-223-1037