Commercial

WASHINGTON - May 16, 2014 - (RealEstateRama) -- Realtors® who specialize in commercial real estate expressed confidence and optimism in the market during a forum at the REALTOR® Party Convention & Trade Expo. Despite a sluggish economy, commercial practitioners are not only reporting improvements in the market, but they expect improvements to continue in the years to come.

WASHINGTON - May 16, 2014 - (RealEstateRama) -- New enhancements to residential listing site realtor.com® are giving consumers the features they want and ensuring that they can continue to rely on the site for the freshest and most comprehensive property listings. That was the message delivered today by Steve Berkowitz, CEO of Move Inc., operator of NAR’s official property listing website realtor.com®, during the Realtor® Party Convention & Trade Expo.

Irvine, CA - April 29, 2014 - (RealEstateRama) -- Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has completed the $7.15-million sale of a class A office building totaling 58,854 square feet (sf) in Corona, CA.

Newark, NJ - April 9, 2014 - (RealEstateRama) -- Private security officers in New Jersey have won a historic, 3.5 year industry-wide contract improving wages and benefits for over 1,200 security officers who protect commercial office buildings in Essex, Hudson and Union Counties, including the cities of Newark and Jersey City. The first-ever union contract between New Jersey’s top private security contractors and 32BJ of Service Employees International Union is the result of one of the largest unionization drives occurring in New Jersey in recent memory. The contract will be effective in April and is expected to be ratified by the workers on April 12. Most officers will see a minimum wage increase from $9 to $11 over the life of the contract and all security officers will receive nearly two dollars an hour in raises by the end of the contract.

WASHINGTON, D.C. - April 3, 2014 - (RealEstateRama) -- Vacation home sales rose strongly in 2013, while investment purchases fell below the elevated levels seen in the previous two years, according to the National Association of Realtors®.

WASHINGTON, D.C. - April 2, 2014 - (RealEstateRama) -- A new U.S. real estate forecast based on a survey of 39 of the industry’s leading economists and analysts predicts that commercial property transaction volume will reach $430 billion by 2016, exceeding the volume of 2006. The latest multi-year outlook (covering 2014 through 2016) from the Urban Land Institute (ULI) and EY projects steady growth for the U.S. economy; sustained strength from real estate capital markets; and continued improvement in both commercial real estate fundamentals and the housing sector

WASHINGTON, D.C. - March 3, 2014 - (RealEstateRama) -- Market fundamentals in commercial real estate continue to improve but at a slower pace, according to the National Association of Realtors® quarterly commercial real estate forecast.

WASHINGTON - February 28, 2014 - (RealEstateRama) -- Market fundamentals in commercial real estate continue to improve but at a slower pace, according to the National Association of Realtors® quarterly

WASHINGTON, D.C. - February 21, 2014 - (RealEstateRama) -- A new report released by the NAIOP Research Foundation suggests that commercial real estate investment and sales activity could begin to pick up in the coming year in many of America’s medium-sized metropolitan areas (so-called “secondary markets”). Based on healing economic conditions, improving investor confidence and the availability of financing, the report forecasts a general rebound in an industry that contributes billions of dollars to local revenues and helps support thousands of local jobs. A complete list of the metro areas is below.

WASHINGTON, D.C. - February 13, 2014 - (RealEstateRama) --: Commercial real estate investments are expected to produce generally solid returns in 2014, according to the authors of Expectations & Market Realities in Real Estate 2014—The Future Unfolds, an annual forecast report released by Real Estate Research Corporation (RERC), Deloitte, and the National Association of Realtors®(NAR)

Dayton, OH - January 20, 2014 - (RealEstateRama) -- The city of Dayton boasts the country’s least expensive commercial real estate. Whether someone wants to buy or lease commercial real estate, the market is currently the best it’s been since the Great Recession

WASHINGTON, D.C. - January 7, 2013 - (RealEstateRama) -- The U.S. Environmental Protection Agency (EPA) recently announced that it plans to survey general contractors regarding their recent renovation, repair and painting (RRP) activities in public- and private-sector commercial buildings. EPA has asked for public comment by Feb. 4 on the scope and clarity of the questions included in its draft Information Collection Request (ICR), as well as its underlying assumptions and burden/cost estimates. EPA is taking these steps because it needs more data on whether or not RRP activities in buildings expose the public to lead-based paint (LBP) dust. If EPA determines such activities create LBP “hazards,” the agency will write additional rules that will apply to building contractors.

WASHINGTON, D.C. - December 12, 2013 - (RealEstateRama) -- NAIOP, the Commercial Real Estate Development Association, has named Jean Kane, CEO, Welsh and Colliers International, Minnetonka, Minn., as its 2014 Chairman of the Board. Kane becomes the third woman to hold NAIOP’s highest elected position and will lead its executive committee and staff in the planning and execution of industry and association-wide initiatives in 2014. Her term begins January 1, 2014.

WASHINGTON, D.C. - November 22, 2013 - (RealEstateRama) -- Commercial real estate leasing patterns are showing steady but modest growth, according to the National Association of Realtors® quarterly commercial real estate forecast.

WASHINGTON, D.C. - October 25, 2013 - (RealEstateRama) -- A new $1 million grant from JPMorgan Chase will help fund LISC's affordable housing work in Chicago, Houston, Los Angeles, New York, San Diego, and the San Francisco Bay Area. "Affordable housing is the cornerstone of the work we are doing with JPMorgan Chase to improve the quality of life for low-income residents across the country," said Michael Rubinger, President and CEO of LISC.

WASHINGTON, D.C. - October 14, 2013 - (RealEstateRama) -- At Development ’13: The Annual Meeting for Commercial Real Estate in San Diego, Calif., this week, NAIOP, the Commercial Real Estate Development Association, presented awards honoring outstanding achievement and showcasing key industry pillars of creativity, diversity and sustainability.

WASHINGTON, D.C. - October 8, 2013 - (RealEstateRama) -- Development and construction of new commercial real estate – office, industrial and retail buildings – continued its climb in 2012, supporting approximately 2.3 million American jobs and contributing $303.4 billion to the nation’s economy, marking the second year that the sector posted gains since 2007, according to a new report released today by the NAIOP Research Foundation. But industry experts warn that global economic sentiment and uncertainty in Washington and state capitals are dampening a more fulsome recovery in the sector.

Victorville, CA - October 7, 2013 - (RealEstateRama) -- Mehdi Mostaedi and Emelie Kwon of Coldwell Banker Commercial Real Estate Solutions broker the sale of a $1.5 million sale of a multi-tenant retail shopping center in Phelan, California.

TEMECULA, CA - October 2, 2013 - (RealEstateRama) -- WestMar Commercial Real Estate, a leading local real estate services firm, today announced the following transactions

Northbrook, IL - September 6, 2013 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm specializing in single tenant assets, has completed the sale of a single tenant McDonald’s ground lease located at the intersection of Wabash Avenue & Archer Elevator Road in Springfield, Illinois for $978,260.