The first 12 assets identified for disposal, for example, include land on the Californi a coast, an office building on 17 acres in Silicon Valley, a large warehouse in Seattle's Puget Sound area, and a 1-million-sq.-ft. office building in Orange County, Calif. Congress has also appropriated funding for the PBRB to mitigate any asset's environmental and remediation issues.
Once again, the bond markets flashed a major warning sign in February that the long economic expansion may soon end in a recession. But hotel developers—looking at other economic indicators and strong industry fundamentals—see strong demand and are plowing ahead with construction on new hotel projects. In fact, developers now have more new hotel rooms under construction than any other time in the last decade.
NREI and Marcus & Millichap are currently conducting our quarterly Investor Sentiment study and an analysis of the findings will be presented in our quarterly Investment Outlook newsletter. This survey should only take a few minutes and you’ll have the option to enter into a drawing for one of four $100 Amazon gift cards.
There are dozens of important steps that must be taken during the planning and building of a self-storage project. Here are six industry trends that’ll affect decision-making this year as you pursue your next development.
Simon Property Group has agreed to acquire an 80 percent stake in Taubman Centers in deal worth about $3.6 billion. Business leaders in Dallas are aiming to reauthorize the city’s downtown public improvement district, reports the Dallas Morning News. These are among today’s must reads from around the commercial real estate industry.
