CRE News & Reading: Week of 06/08 – 06/12
Hundreds of real estate professionals gathered in San Antonio this week for Realcomm 2015. Attendees were excited about the future of real estate and the importance of technology, automation, and innovation in that development. As for Hightower, we were honored to receive a 2015 Digie for Best Tech Innovation.
In other CRE news...
- CRE investments in US up 45 percent: Earlier this week, Colliers released its 2015 Q1 US Capital Flows Report, showing that investments in commercial property are up 45% year-over-year. Much of the capital influx can be tied to cross-border deals.
- US construction spending hits biggest gain since 2007: This year may see $1 trillion of construction spending, making it the best year since before the recession. The pace of construction, led by strong office and lodging construction, picked up in April, reaching $81 billion.
- Markets with the biggest office construction pipelines: Construction is certainly picking up in 2015, but not evenly across all markets. According to the2015 North America Office Market Report, the top 10 markets account for over half of the construction pipeline.
- Seven leading architects defend the world’s most hated buildings: Some of the world’s most respected architects are trying to save some of the world’s most hated buildings. The article explores more about the buildings and why some think they’re worth preserving.
- CushWake is looking for a new HQ:Sources from within CushWake report that the company is looking for a new 300,000-square-foot headquarters in Manhattan. The new digs will likely house employees from DTZ, Massey Knakal, and Cassidy Turley.
- Is the definition of a retail anchor changing?:The Journal of Property Management reports that anchors can now include movie theaters, restaurants, upscale retailers, even food and wine markets — basically anything that drives foot traffic. This updated definition has some concerned about volatility associated with non-traditional anchors.