CRE Journal: Your Essential Daily Commercial Real Estate Briefing: October 8, 2024
Daniel Bagdazian
Commercial Leasing & Sales Specialist @ Radius Group | Ventura County, CA.
Good Afternoon! Here's your 5 min daily newsletter on what matters in commercial real estate.
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?? Top CRE News
Office market hit a milestone — but maybe not the bottom — in Q3 Companies are ramping up office returns, and that was one factor leading office vacancies to hit a notable point in the third quarter. But here's why the beleaguered sector still isn't out of the woods quite yet.
Ares To Nearly Double Real Estate Portfolio With $3.7B-Plus Takeover Ares Management Corp. announced a $3.7B acquisition plan Tuesday that positions the investment firm to become what it says would be the world's third-largest industrial landlord.
Bain Capital JV Buys Portland MOB The joint venture of Bain Capital and Evergreen Medical Properties has purchased a 60,000-square-foot medical office building in Lake Oswego, Ore.
Miami Trophy Office Trades for $443M Morning Calm Management and its partner has acquired a trophy Class AA office building in the heart of Miami's financial district for $443 million. The sale of the 685,279 square foot building, owned by Nuveen Real Estate, was structured as an all-cash transaction and represents the second largest office transaction in Florida history, just behind the $540 million sale of the 1.2 million square foot Southeast Financial Center in 2016.
Albertsons to pay close to $4M to settle civil law enforcement complaint The grocer engaged in alleged false advertising and unfair competition by charging higher prices on goods, the Los Angeles’ district attorney says
Beverly Hills Hotel Receives Yet Another Loan Extension The shifting financial saga of a hotel in Beverly Hills has entered its next chapter.
Development twosome tees up new mini-golf concept in Overland Park The project on the former mall site would have indoor (with a retractable roof) and outdoor mini-golf courses, plus food and drink. It eyes opening next summer.
Store Expansion News: September update Retailers and restaurants alike made headlines in September with store expansions and new formats.?
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Daniel Bagdazian
President, Eastern Union
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