Spectrum Ramps Up Its Commercial Property Investment Game
Spectrum Cos. — until recently Spectrum Properties — has a new name, a new chief operating officer, Steve McClure, and a new investment fund to facilitate enlarging its $1.5B portfolio in the Southeast.
The company has more than 5M SF under management or development, with 1,600 apartments and 23 other commercial projects in its portfolio.
“Our vision is to more than double the size of our company and the value of our $1.5B…
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Not Slow To Adapt: CRE's Struggle With Siloed Solutions
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Google Fiber |
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Saying commercial real estate has been slow to adapt to technological change fails to convey the nuanced nature of the issue. Tech companies have quickly developed a number of new CRE-oriented products, and many castigate legacy companies that seem unwilling to…
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Sears Axes Charlotte-Area Store In Monroe Crossing
As part of its recent contraction — possibly its death spiral — Sears Holdings is closing its 78K SF anchor department store at the Monroe Crossing shopping center in Monroe this summer. The store, which has been open since 2001, began a…
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Regus Reups In Updated 525 North Tryon
Flexible workplace provider Regus renewed its space, nearly 22K SF, at 525 North Tryon St. in Uptown, taking a 10-year lease. Grubb Properties executive vice president Joe Dye attributed the move in part to the property's recent repositioning, as well as…
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QUIZ: How Prepared Are You For A Property Management Emergency?
The next emergency might be a fire, a flood or anything in between. The hallmark of a good property manager is not just knowing how to react to emergency situations, but being prepared for them.
Are you a fully prepped property manager? Take this quiz to find out! |
6 Noteworthy Adaptive Reuse Projects From Around The Country
Many of America's largest cities are filled with outdated and historic buildings that, when redeveloped with a modern edge, can serve as adaptive reuse office space, among other things. These particular projects breathe new life into dated or vacant buildings, bringing fresh product to market at a quicker pace and giving developers a competitive advantage.
From New York City to Los Angeles, here are some of the most notable adaptive reuse projects within the U.S., according to data aggregated from CommercialCafé and Yardi Matrix.
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The Correlation Between Oil Prices And Hotel Occupancy
The energy sector is a major economic driver in the U.S., boosting job growth and adding millions in revenue to local economies, all of which is a positive for a hotel sector that depends on a thriving economy to boost business and leisure travel.
Coming out of the recession, the energy sector was booming. Crude oil production had peaked somewhere around $115/barrel in 2014 and those markets most dependent on the energy sector — such as Houston and Oklahoma City — were reaping the benefits. But massive global oil output coupled with a lack of demand triggered a huge price correction that sent crude prices to lows of $26/barrel in early 2016, according to a Cushman & Wakefield report.
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