A recent move by Trammell Crow Co. to electrify 35M SF of properties in its industrial pipeline could inspire more developers to follow suit.
Commercial appraisals are on the rise this year, but one asset class is set to be hit hardest, with more unpleasant fallout for stretched renters ahead.
Different property types will respond differently to a recession.
The closing signals continued confidence in real estate technology, even as the value of tech stocks fall.
Future-proofing and clean energy upgrades could take a backseat as industrial developers with tight budget sheets return to the basics.
Many CRE players hoped the sales would offer pricing signals for a market trying to adjust to a new reality almost four years since the start of the pandemic.
CRE sees some relief on interest rates ahead, and more investors will be active.
While the residential damage was overwhelming, the LA wildfires harmed key pockets of the region’s retail real estate market.
Industrial was the hardest hit sector, with values estimated to have climbed by more than 50% on average.
Rafael Etzion and Altus Realty are moving forward with a renovation of 1275 K St. NW, and they have retained Gensler to design it and Newmark to lease it.
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