Current Issue
How growth-hungry franchises have become a driving force for CBRE’s AmecAngelo team
The AmecAngelo team has filled its pipeline in recent years with national assignments for Paris Baguette and other fast-growing chains, displaying a broad reach from their office in East Brunswick. The brokers have closed more than 100 deals this year alone on behalf of clients they represent throughout the U.S. and in preferred markets, while they expect that momentum to continue amid sustained demand for food-, fitness- and service-based retail.
The next chapter: Inside 601W’s plan to reposition Jersey City’s iconic Harborside office complex
Manhattan-based 601W Cos. is advancing its plans to reposition Harborside buildings 1, 2 and 3 in Jersey City, a nearly 2 million-square-foot office complex along the Hudson River, after acquiring the property from Veris Residential Inc. for $420 million.
Owners Council Q&A: Alex Cocoziello
It feels that the market is at an inflection point. Geographic location, product type and risk profile determine the ability to raise capital, both debt and equity. Fundamental demand remains firm across the multifamily, industrial, life science and the retail sector, but volatility in monetary policy, the rates market and uncertainty surrounding construction costs have kept capital deployment tepid.
Owners Council Q&A: Lou March
We’re cautiously optimistic about the market. While there have been challenges like increased lending interest rates and the uncertainties associated with them, we’ve found opportunities to innovate and thrive. Leveraging joint ventures, early procurement and efficient planning has allowed us to combat potential delays and unforeseen expenses. Our growth in 2023, despite some projects stalling due to market factors, testifies to our adaptability and resilience in these changing times.
Owners Council Q&A: Sam Morreale
The market is greatly divided today between corporations that are making major investments in new facilities to attract and retain employees in a still-to-be-determined “back to work” versus “hybrid employment” environment. The remaining part of the market is indecision of corporations on utilization of their current office footprints versus the potential of downsizing due to a work at home component. Decisions also need to be made for improvements on an existing facility, whether it be to potentially right-size or relocate to a more modern and amenitized facility consistent with the employer leaders mentioned earlier.
