U.S., Europe Shut Out Of Top Slots
In JLL City Momentum Index
Sun Belt cities like Austin and Charlotte may attract big businesses and college graduates looking for a low cost of living, but the U.S. doesn't come close to economies in Southeast Asia in a new study focused on global growth.
Despite garnering high marks in previous years, the cities of the U.S. and Europe have seen their economic momentum surpassed, according to a report from commercial real estate brokerage JLL.
Late-cycle U.S. and European markets were locked out of the top 20 rankings in…
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S.F.'s 350 Mission Becomes World's Largest Commercial Building To Receive Zero Waste Certification
San Francisco can now boast the world's largest commercial property to receive TRUE Zero Waste certification.
Kilroy Realty Corp.'s 350 Mission St. is the first commercial building in San Francisco to receive the certification, and at more than 455K SF,…
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EXCLUSIVE: Coworking Company Cross Campus Continues Expansion After Acquiring DeskHub
Aiming to be a serious player in the growing flexible office industry, a Southern California-based coworking company has its sights set on rivaling WeWork and Regus.
As part of a broader strategy to expand its presence in the Western region, Santa Monica-based Cross Campus, a Lowe-backed boutique flexible office and coworking company, has acquired coworking firm DeskHub.
Cross Campus officials did not disclose the acquisition price of San Diego-based DeskHub, which had two locations.
As part of the deal, former DeskHub owner Jay Chernikoff will join Cross Campus as its chief marketing officer, responsible for marketing the…
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Real Estate Market Sentiment Index: 1 In 5 Say Downturn Has Begun
U.S. commercial real estate is already in a downturn, according to roughly 20% of the respondents of the latest RCLCO Sentiment Survey, taken at the end of 2018. Lump in people who think the downturn will begin some time in 2019, and nearly half of respondents are feeling pretty gloomy.
The latest number — 46% — is decidedly more pessimistic than six months ago, at the time of the previous survey. Then only 30% of the respondents felt that a downturn had started or was coming soon.
Also, 59% of…
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‘With Blood Dripping Off Their Fangs': This Book Charts How American Property Investors Changed Europe Forever
The way real estate works today, with capital flowing across borders, debt a normal part of the investment process, and U.S. opportunity funds roaming the globe looking for distress, is so normal that it feels timeless and eternal.
But the journey to this point in Europe is relatively short and started only recently.
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