In case you missed the news, 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.
Owning the 'Last Mile': Amazon Puts Ramped Up Distribution Network to Test as Online Sales Shatter Record
It's no coincidence that Cyber Monday, now officially the biggest single sales day in e-commerce history, followed the largest roll out of regional fulfillment centers since 2012 by the Amazon, with 26 warehouses added to the giant internet seller's global distribution network since Sept. 30 alone.
Colliers Names New Head of US Brokerage Ops
Colliers International has quietly promoted one of its senior managers to president of its U.S. brokerage operations. Martin Pupil, who previously served as president of the Colliers West Region, was promoted this week to the top position of president of U.S. brokerage for the global commercial real estate services company.
Trump Treasury Nominee Revives Talk of Privatizing Fannie Mae, Freddie Mac
Call it an early Christmas present for Fannie Mae and Freddie Mac shareholders. President-elect Donald Trump’s nominee to head the Treasury Department, Steven Mnuchin says the two housing finance agencies should not be under government control.
Institutional, Foreign Buyers Continue Rolling Up Senior Health Care Properties
Noting the aging population, a host of institutional and overseas investors continue to sink large sums into the senior health care property sector. Arcapita, a Bahrain-based investment management firm, acquired a portfolio of three senior communities near Washington D.C. and Atlanta for $110 million.