Check out this roundup of top stories reported by the CoStar News team this past week.
CRE Price Gains Return for Second Straight Month with Boost from Net Absorption
After a first-quarter pullback, commercial property prices bounced back to again post strong growth in May. This month’s release of the CoStar Commercial Repeat Sale Index shows investor demand for smaller properties is driving the rebound.
After Shock of Brexit Vote, Weakened British Pound Sterling Cuts Both Ways for Foreign Property Owners
More than a week after Great Britain’s momentous decision to exit the EU, the outlook remains complicated for U.S.-based owners and other foreign owners of U.K. properties as analysts contemplate the meaning of a currency swing that has weakened the British pound sterling.
GE Digital Doubling Down on Big Data, Opening Tech Centers in Atlanta and Providence
Extending a legacy that started with the invention of the light bulb, General Electric now aspires to dominate the digital future of industry. Recent real estate decisions reflect GE’s goals of becoming a massive player in the rapidly growing “industrial high-tech” sector.
Hines REIT Approves $1.7 Billion Asset Liquidation Plan
Hines REIT Inc., one of three public non-listed REITs sponsored by Hines, has approved a plan to liquidate assets, distribute the proceeds to shareholders and dissolve the company.