Fidelity Investments is taking a total of 23,500 square feet of office and retail space at Mutual of America Financial Group and Munich Re’s 320 Park Avenue. JLL’s Frank Doyle (pictured, top), Dave Kleiner (pictured, bottom) and Carlee Palmer represented the landlord in the deal while Annette Healey and Christopher Heyn Jr. of CBRE, as well as Dale Schlather of Cushman & Wakefield, negotiated on behalf of Fidelity. Read more: https://lnkd.in/e5G_Sxyv
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Some takeaways from this interesting event that I'll bring with me: 🔀 remember, "what can't be measured, can't be improved"; 🖐 always, look for an ally in every challenge you face; 💎 Don’t let someone else tell you "you can’t do it". Many are the challenges that our sector has still to face with respect to the DEI matters, but events and networks like Real Estate Balance are certainly a rich and stimulating starting point! #foodforthoughts #dei #newchallenges
We are expecting Better Balance III to be as vibrant and insightful as the previous two editions and we can’t wait to see you there this week! It’ll be our third annual event celebrating Equity, Diversity, and Inclusion in UK real estate on 17th April. You'll look forward to hearing from: Our Keynote speakers: ▪️Simon Carter , Chief Executive, British Land ▪️Jessica Hardman, CEO DWS UK and Head of European Real Estate Portfolio Management ▪️ Sue Brown, Managing Director, Real Estate Balance And from our Panellists: ▪️Emma Guthrie (Chair), Partner, Shepherd and Wedderburn, REB NextGen co-chair ▪️Clarence E. Dixon, Global Head of Loan Services, CBRE ▪️Kate Hammar, Director & Head of Real Assets, Per Ardua Associates ▪️William Kirkpatrick, Head of Hotels and Extended Stay, Gerald Eve LLP ▪️ Georgie Manly, Retail Customer Propositions Director, Landsec ▪️ Robin Macpherson, Head of Risk, Europe, Cromwell Property Groups ▪️Ana Estrada, Asset & Wealth Management London, Goldman Sachs Asset Management There will also be an opportunity for attendees to have their say on the conversation through a Q&A session with our panel. Find out more about our keynote speakers and panellists: https://lnkd.in/eBVkpj76 #RealEstate #DiversityInclusion #BetterBalance
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Unique perspectives. Differentiated insights. That’s what you get with CBRE—and the commercial real estate industry’s most powerful digital operating platform. https://cbre.co/3Qtur1s #CBRE
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Optimism grows among dealmakers for an uptrend in real estate M&A activity, powered by the broadening of asset classes, the expanding role of private credit and the focus on value creation. Find out more about deals trends in the office, industrial, residential, retail and hospitality sectors in our mid-year global M&A outlook: https://pwc.to/4eDQ89V #PwCDeals #RealAssets
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More signs of positivity from Q1 that should improve sentiment regarding the outlook for the rest of the year. Read more in EG, link below.
Bosses at big real estate agencies including CBRE, Colliers, Cushman & Wakefield and JLL have found cause for optimism over the start of the year, with the first-quarter earnings season delivering an outperformance in several business lines. Cushman & Wakefield chief executive Michelle M. MacKay urged industry players to “not lose the plotline”, which is for an expected strong market recovery despite continued near-term volatility. “Although the recent uptick in rate volatility will mostly likely cause a pause in transaction volumes in Q2, the improvement that we experienced in Q1 gives us more confidence that global investment sales pipelines are solid, and investors are ready to engage when the time is ripe,” MacKay said on an earnings call, adding: “I’m very bullish for the recovery and that point of view hasn’t changed.” More here in EG. https://lnkd.in/esvZQ2ny
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Bosses at big real estate agencies including CBRE, Colliers, Cushman & Wakefield and JLL have found cause for optimism over the start of the year, with the first-quarter earnings season delivering an outperformance in several business lines. Cushman & Wakefield chief executive Michelle M. MacKay urged industry players to “not lose the plotline”, which is for an expected strong market recovery despite continued near-term volatility. “Although the recent uptick in rate volatility will mostly likely cause a pause in transaction volumes in Q2, the improvement that we experienced in Q1 gives us more confidence that global investment sales pipelines are solid, and investors are ready to engage when the time is ripe,” MacKay said on an earnings call, adding: “I’m very bullish for the recovery and that point of view hasn’t changed.” More here in EG. https://lnkd.in/esvZQ2ny
Agents urged to ‘not lose the plotline’ in recovery | EG News
egi.co.uk
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Hines' midyear outlook points to value-creation opportunities in a higher-for-longer interest rate environment, for those managers who know where to look. Hines says that key themes such as elevated interest rates, an easing pace of transaction volume declines and generally strong occupier fundamentals point to an opportunity for skilled managers and investors to take advantage of market dynamics through disciplined investing, driving alpha and growing net operating income despite the choppy capital markets. We agree – as we continue fundraising and deploying capital for our latest value-add fund, MEREP 3, we believe that this year and next could become an exceptional vintage for those investors with dry powder available and specialist know-how to take advantage of the current market conditions. To read the full Hines report, please follow this link: https://lnkd.in/dMCJBddi To read our earlier insight “Convenience Real Estate in 2024 – an exceptional vintage year”, please click here: https://lnkd.in/eRKb4wxm #conveniencerealestate #retailparks #lightindustrial #SME #urbanlogistics #selfstorage #esg
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Last week Chris Madden attended CBRE's 2024 Multifamily Summit in Austin, TX. He was joined by 650+ industry leaders to engage in insightful discussions on navigating challenges and seizing opportunities in the multifamily sector. Here are his key takeaways: - Market Resilience: Despite challenges like inflation and interest rate uncertainty, 40% of industry professionals plan to increase capital deployment, highlighting the sector's strength and resilience. - Supply Scarcity and Competition: The scarcity of available properties is making the market highly competitive, with a narrowing gap between buying and selling prices. This scarcity poses a challenge for investors looking to deploy capital effectively. - Need for Flexibility and Agility: Navigating market volatility requires adaptability, agility, and strategic adjustment of business plans. Confidence in asset quality and staying engaged are crucial for success in this ever-changing environment. #croataninvestments #CBREMultifamilySummit #RealEstateInvestment #commercialrealestateinvesting #alternativeinvestments #alternativeinvesting #rentalhousingrealestate #multifamily #austin
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Real estate remains one of the most complex asset classes within private markets. Alongside recent headwinds facing the whole industry, strategic operating models and back-office expertise are key to capitalizing on the opportunities. With 85% of the world's largest RE firms served, more than 770 RE funds and separate accounts under administration, $225bn RE assets under administration and 400 RE clients globally, Alter Domus has the expertise to give you a competitive edge. Learn more on our market leading services here. https://lnkd.in/eQBQgipD #realestateinvestment #financialservices #assetmanagement #marketinsights #assetmanagement
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As per Cushman & Wakefield’s 2023 report (MarketBeat Report, 2023), industrial activity exceeded $1.3 billion across South Florida last year alone. With pre-leasing activity and demand at record highs, competition remains fierce amongst tenants and investors alike. Is this competition forcing businesses to overpay for the acquisition/rental of the property? Or does this rising tide lift all boats and signal continued growth for the local market? 🌴 🏭 #IndustrialCRE #CREBroekrs #ZYXCapital
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Introducing our CRE Market Advisory Council! We are happy to announce the launch of this council, made up of 11 #CRE subject-matter experts and industry professionals who have volunteered their knowledge and expertise. Each member will serve a term of four quarters, committing to a full year of collaboration to help elevate our mission. Stay updated on our Q3 market snapshot on capital markets and investment trends, featuring quotes, survey responses, and other interesting insights from our council. Victor Calanog PhD CRE FRICS- Manulife, Ryan Severino, CFA - BGO, Jon Winick - Clark Street Capital, Cindy Cooke - Colliers, Bryan Doyle - CBRE, John T Chang - Marcus & Millichap, Lisa Strope, MBA, CRE - TA Realty, Wanda Riley - Cushman & Wakefield, Matthew Osborne - Eastern Bank, Arthur Milston - NAI Global, Jeffrey M. Rinkov - Lee & Associates Commercial Real Estate Services Thank you to our members for joining us and sharing their expertise! #LightBoxRE #capitalmarkets #investmentsales #MarketInsights
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