M&A Madness: Why 2018 Is The Year Of Corporate Consolidation
Corporate consolidation through mergers and acquisitions is heating up as real estate firms look for ways to scale and source deals in the current low-yield environment.
Both public-to-public and public-to-private M&As are on the rise, according to data from LaSalle Investment Management Securities, though there is a divide between the number of deals closed so far this year compared to 2017 and the value of those deals.
Last year, a total of 21 deals were completed compared to the eight that have closed as of June 30 — however, those eight transactions are valued at $65B compared to last year's total $55B.
“This year will likely be a peak for this cycle and perhaps even a record year. What's causing the increase? There are a couple of catalysts,” LaSalle Securities North America Portfolio Manager Lisa Lebow said during a recent Bloomberg Intelligence…
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Possible Repeal Of Rent Control Limitations Not Just A California Issue, It's A National Issue
If California voters decide to repeal the Costa-Hawkins Rental Housing Act, an action that would expand the use of rent control in the state, it could have serious ramifications on future multifamily construction and development in the state and set a precedent for other states and cities weighing rent control nationwide.
“This is a big issue,” Equity Residential Executive Vice President Barry S. Altshuler said during Bisnow's Multifamily Annual Conference SoCal on Thursday in Los Angeles. “This is the No. 1 issue on the ballot in California this year, but beyond…
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WeWork's Bay Area Footprint Nears 1M SF With Newest Lease
WeWork leased its first site in San Mateo County, bringing its total Bay Area footprint to over 980K SF. The four-story, 96K SF office at 400 Concar Drive in San Mateo is owned by Hines. The developer's 305K SF complex near…
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Brain Gain: How Boston's Full Lab Market Could Benefit Other Cities
Kendall Square, across the Charles River from Boston, is the hub of the U.S. life science industry, but the latest chapter in the neighborhood's ongoing space issues may finally push companies to relief valve markets beyond New England.
“When you get down to a vacancy rate that's 2%, it causes a need for folks to look elsewhere,” Colliers International Director of Research Aaron Jodka said. “That creates an opportunity for a suburban market or New York, San Diego…
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Boutique Fitness Company Focused On Rowing Docks In San Francisco As Part Of Nationwide Expansion
A boutique fitness chain focused on rowing is expanding into the San Francisco market. Irvine-based Row House plans to open nine San Francisco locations by 2019. The first location will open in November. The fitness company offers various rowing classes where…
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Is This City The Next Frontier For Coworking?
Dallas-Fort Worth's coworking scene has yet to reach the density of more mature markets such as New York, Chicago and Los Angeles, but the number of coworking companies in DFW and the amount of space devoted to the sector is growing dramatically.
The number of flexible office space facilities has roughly tripled from around 50 at the end of 2015 to 140 as of June, according to new research from JLL.
The statistics include executive office suites provided by the likes of Regus and Meridian, incubators and coworking companies. For the coworking subsector, JLL has identified 53 operators in DFW — many of them independent companies with just a single location.
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After Raising $10M, TenantBase Expands With Former EOP And Hines Exec
During his career with Hines Interests, Lincoln Property Co. and Equity Office Properties Trust, David Danhof has landed some big office deals.
The 20-plus-year commercial real estate veteran is still chasing office tenants. At his latest firm, though, these tenants need 5K SF or less.
Danhof has been tapped by TenantBase, a firm focused on representing small office and industrial tenants, to spearhead its Atlanta expansion. The brokerage firm is debuting in Atlanta with six other brokers working under Danhof, with plans to hire more.
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