Insights and perspectives with the world's most experienced real estate valuation and consulting professionals.

The Willis Tower breaks another record, and why e-commerce is streamlining retail and industrial channels

03.20.15
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: The Chicago Tribune: Willis Tower to be sold for $1.3 billion to Blackstone Group Willis Tower, formerly the Sears Tower, is shattering records, as the private equity firm Blackstone Group is suspected to have purchased the building for a record-breaking $1.3 billion.  This would be the highest price ever paid for a U.S. office tower outside of New York City, and would set the …

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How the demise of big banks will impact property owners, and Washington State’s new hot city

03.13.15
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: National Real Estate Investor: Shifting bank branch strategies impact property owners, investors Almost 100,000 physical banks exist in shopping centers across the U.S., making them an important tenant for retail developers.  Yet as more and more people adopt online banking, the role of the national brick-and-mortar bank is changing.  JP Morgan Chase recently announced its plans to close 300 branches over the next 20 months, and …

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A shocking stat in New York’s hotel space, and what your smartphone can tell you about Seattle leasing

03.6.15
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: The New York Times: Hotel market staggers in New York City In New York City, a troubling start to the new year has some questioning their crystal ball about the future of the hotel sector.  In January, the industry watched as RevPAR, occupancy, and ADR all decreased, causing concern among many investors and developers.  Some are worried that a stronger dollar and weaker global …

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Top 40 Under 40: IRR’s Rusty Rich named top business professional by Birmingham Business Journal

03.3.15
Posted by:
John Albrecht
John Albrecht

Here at Integra Realty Resources, we strive to provide clients the expertise and service they need to make informed decisions about the commercial real estate market.  Through our research, valuation, and counseling services, our appraisers across the country are helping business and individuals navigate all of the ebbs and flows of this complex market.  That’s why we are always proud to hear when one of our team members is recognized for their work in the …

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Retail is on the rise in San Fran, and infill development is a win in Boise

03.2.15
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed last week: The New York Times: Downtown Cincinnati thrives as riots’ memories recede Cincinnati is undergoing a quiet rebirth.  The city saw a decrease in residents and businesses after the 2001 riots, but now Cincinnati is regaining economic ground.  The city’s downtown district is experiencing a rush of new commercial development in the office, retail, and multifamily sectors, aided by the long-standing financial encouragement from legacy …

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Will surging multifamily demand keep pace with Philadelphia’s growing supply?

02.26.15
Posted by:
Joseph Pasquarella
Joseph Pasquarella

Philadelphia is the place to be: the Pope is visiting in 2015, the Democratic National Committee chose the city for its 2016 convention, and millennials and baby boomers are increasingly calling the City of Brotherly Love home. Spurred by attractive rents and an influx of new housing, both young and old are moving into Philadelphia’s Center City for tech and pharmaceutical jobs, as well as quality retail and restaurant choices.  A large supply of multifamily …

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Big Money Returns to Suburban Office Markets – A Guest Post from Llenrock Group

02.25.15
Posted by:
Ray Cirz
Ray Cirz

This post from Eric Hawthorn is part of our Llenrock Group guest post series and originally appeared on the Llenrock Group blog. Gateway markets and CBDs tend to get all the attention when it comes to the development or sales of office properties, but these high-profile markets and submarkets are not the only places one can find opportunities for office projects and transactions. Granted, highly constrained markets like Manhattan and San Francisco are seeing the …

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REITs brace for a bust, and Philadelphia is taking on water

02.20.15
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: The Wall Street Journal: After boom, bust could be upon apartment REITs What a difference a year makes.  While 2014 was a banner year for real estate investment trusts (REITs), it looks like a bust might be on the horizon.  REITs specializing in apartment buildings saw returns drop precariously in February, with some analysts fearing that the market is overvalued.  Oversupply and more construction …

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A forgotten NYC port hopes to get a makeover, and hotels will stay hot in 2015

02.16.15
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed last week: Commercial Observer: South Street Seaport approaches its moment of truth New York City’s not often praised for its pristine coastline, but new development efforts are finally taking advantage of the city’s underutilized waterways.  South Street Seaport, a forgotten port in lower Manhattan, is hoping to gain new life through a massive redevelopment project.  The plan would bring hundreds of millions of dollars of public infrastructure upgrades to …

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A Texas-sized redevelopment opportunity, and why investors are choosing student housing

02.6.15
Posted by:
Ray Cirz
Ray Cirz

Here are the news stories you might have missed this week: Dallas Business Journal: Former Texas Stadium site gets makeover as city hopes to land big tenant The Dallas Cowboys played their last game at Texas Stadium in 2008, and a new development idea for the site might be a touchdown for the city of Irving.  A redevelopment plan for the 78-acre site was recently unveiled, and the arena could be transformed into a retail …

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