Top News This Week: Workspace Property President Talks Suburban Office
Take a look at the latest roundup of the week’s top national commercial real estate stories, as reported by our plugged-in and in-the-know CoStar News team.
Workspace Property's President Talks About Big Contrarian Play for Suburban Office Comeback
Workspace Property Trust (WPT) this week closed one of the largest suburban office portfolio acquisitions of the year, acquiring 108 office and flex buildings and 26.7 acres of land in five markets. We chatted with WPT President Roger Thomas about the reviving suburban office market and transaction that met with early skepticism by some market observers.
US Draws Ever-Larger Share of Global CRE Investment Spending
Global property investment is on the increase, but private capital fundraising has slowed, reflecting widespread economic uncertainties. That being said, recent research from Cushman & Wakefield shows global property investment has risen to $1.35 trillion in the past year across the globe.
Medical Office Property Sales Stay Healthy as Investment Demand Outpaces New Supply
The heartbeat of the medical office market remains strong. This week's off-market purchase by Healthcare Realty Trust of a 103,500-square-foot MOB on the campus of Inova Loudoun Hospital in Leesburg, VA, is the latest example of the fever-pitch competition among buyers for a limited supply of institutional-grade MOBs on the market.
Crowdsourcing Firms Starting to Rack Up Noticeable Volume in CRE Financing
Marketplace lenders, also known as crowdsourcing or peer-to-peer lenders, comprise a small but growing sliver of the multi-trillion dollar U.S. CRE finance industry. But these nonbank lenders that rely on online marketing and underwriting to raise investment funds are beginning to do enough business to attract increased scrutiny from bank regulators.