Novo Nordisk’s 762,000-square-foot North American headquarters in Plainsboro, N.J., has traded for $305 million, or approximately $396 per square foot, marking the largest single-asset sale in New Jersey to date in 2016.
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The $302 billion California Public Employees’ Retirement System has made changes to its existing delegated transaction limits to real estate and real assets as part of its updated real assets investment policy.
The multifamily property market has yet to see any softening in its popularity with investors and is continuing its strong performance, according to the second quarter 2016 Multifamily Investment Outlook from JLL.
Acquisition activity continued at a moderate pace during second quarter 2016, less active than in 2015 but above the 2010–2016 historical average, according to CBRE’s second quarter 2016 U.S. Capital Markets MarketView.
Real estate investors are left juggling two absolutes: New buildings must be built, and the cycle must turn. But while conventional wisdom tells them not to break ground as rental growth begins to slow, pinpointing the exact moment to put the shovel down can be tough for anyone. Clearly some investors are still financing new construction, but should you?
While many in the industry do not believe a downturn is around the corner, investors are talking more about taking a defensive posture. To make like Boy Scouts and be prepared — braced for a hard or soft landing — here is what several experts advise.
For the better part of a decade, the commercial real estate industry has anticipated the “wall of loan maturities” coming due prior to 2018. With fewer than 18 months until that window closes, a cloud of uncertainty looms over the industry, and nearly $1.4 trillion in loan maturities has yet to be refinanced.
The current U.S. office market environment can be one of opportunity for investors where fundamental supply/demand dynamics for office space appear robust, keeping in mind potential risks are ever present. Broadly speaking, these dynamics favor absorption of office space to house new employees, in tandem with rent growth driven by supply constraints.
Increasingly, central banks in developed markets that wish to further employ stimulatory monetary policy are breaking through the floor of zero interest-rate policies into the new territory of negative interest rates. From lower debt costs to lower growth assumptions, what does this mean for commercial real estate investors?
Single-family construction starts in Southern California’s Inland Empire, comprising Riverside and San Bernardino counties, remain at a historically low level.
A group of institutional investors, consultants, investment managers and fund-of-funds managers met at the Park Hyatt Aviara Resort in Carlsbad, Calif., Sept. 6–8 for the fall 2016 Editorial Advisory Board meeting forInstitutional Real Estate Americas. Discussions at the meeting focused on board members’ most pressing concerns, which we compile in advance in the form of “food for thought” topics.
Cuba is the last, great frontier market for real estate investors. This Pennsylvania-size island of 11.2 million people, with 2,320 miles of coastline and more than 1,000 largely undeveloped beaches, offers unprecedented value-creation opportunities and returns on investment.
The Seattle office market recently became one of the top tech-talent markets in the industry, with only the San Francisco Bay Area and Washington, D.C., ranking ahead of the Emerald City.
Open-end real estate funds returned 2.3 percent during second quarter 2016, maintaining the same rate of return seen during the first quarter, according to MSCI’s PREA/IPD U.S. Quarterly Property Fund Index.
Conditions in the commercial property sector remain challenging across Asia Pacific, according to the second quarter 2016 RICS Global Commercial Property Monitor.