Here’s your latest roundup of the week’s top national commercial real estate stories, as reported by our top-notch and plugged-in CoStar News team.
Musical Chairs Continue Among Top NYC Brokers as Investment Sales Stay Hot
The Big Apple is the most competitive real estate market in the country, so it comes as little surprise that the competition for top-shelf CRE brokerage sales talent is equally as keen, as evidenced by the move of one of New York's top institutional sales teams from JLL to Colliers.
Avoiding Past Boom-or-Bust Cycles, Office Construction Extends Recovery by Closely Matching Demand
CoStar Portfolio Strategy data shows that office construction has remained surprisingly in tune with market demand. At about 135 million square feet under way, the office market is so far avoiding the boom/bust cycle seen in 2007 - not to mention this time in 2000, when a whopping 250 million square feet was under construction.
Retailers Expect Real Estate Trends to Continue in 2017
During quarterly earnings calls, clothing retail executives generally issued dour projections calling for more of the same ongoing reassessments of existing store footprints as they make major business adjustments and invest in advancing online sales in the coming year.
JLL Broadens US Valuation, Advisory Business with Acquisition of Second IRR Affiliate
Continuing its push into the U.S. valuation and appraisal business, Jones Lang LaSalle has acquired the Dallas affiliate of Integra Realty Resources, a short two months after JLL purchased the Houston affiliate of the national independent appraisal/valuation network.