The sector continues to be viewed favorably in the marketplace. But potential returns are lower, leading to a reassessment by debt and equity investors.
A new study conducted by Archer.re and Professor Glenn Mueller from the University of Denver, Vaneesha Dutra from the University of Denver and Hany Guirguis from the Manhattan College shows that location matters for investors seeking superior risk-adjusted returns. Better results were also generated when investors rebalanced markets more often.
Ares signed a 12-year lease at 1800 Avenue of the Stars in the Century City district, a deal that includes naming rights to the building, according to a statement Wednesday. The investment manager, which plans to relocate in June 2024 to the new offices, will take space in a 1960s-era tower that’s one of a pair of buildings undergoing $100 million in renovations by landlord Anderson Holdings, a family-owned business.
The 631 lots of “surplus corporate office assets” range from the mundane — industrial-scale kitchenware and typical office furniture like whiteboards and desks — to less typical fare for office auctions, such as quirky signage and more than 100 boxes of KN95 masks. Also in the mix are a range of designer chairs, coffee machines, iMacs and stationary bike stations capable of charging appliances.
Rent-to-own startups are facing headwinds in the current market, reports Commercial Observer. European investors are cutting allocations to real estate according to the latest INREV survey. These are among today’s must reads from around the commercial real estate industry.
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