CPE’s January 2020 Must-Reads
- Feb 07, 2020
January is generally a particularly busy month for commercial real estate news, as experts continue to look back on the previous year to forecast the prospects ahead. We wrapped up our series of interviews with industry executives about what to expect from 2020, with a focus on the self storage and office sectors; we talked to RICS Economist Tarrant Parsons about what global markets to watch this year, and to Mark Zandi, chief economist for Moody’s Analytics, about which property types are expected to outperform others in current economic conditions.
Big-dollar transactions have also made the headlines in January. In Las Vegas, Blackstone formed a joint venture with MGM Growth Properties to acquire MGM’s casinos and resorts in a record sale-leaseback deal. ElmTree Funds sold its majority stake in an 18-property portfolio of industrial and office assets for $900 million.
On the heels of a new Cushman & Wakefield report about how the data centers market evolved over the past decade, Stack Infrastructure teamed up with Peterson Cos. to develop a 125-acre, multi-phase data center complex in Northern Virginia.
Last month, we also paid close attention to the commercial real estate market abroad. According to JLL’s City Momentum Index for 2020, Indian cities are on the rise, as they scored seven spots on the report. Meanwhile, Hines completed the first closing of its European Value Fund 2, totaling more than $700 million. And also in Europe, Belgium’s largest standalone office building changed hands in January.
Here are CPE’s must-reads for last month: