Somerset Development

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  • JLL to Continue Managing 866 UN Plaza

    Located directly across from the United Nations headquarters, the office building’s tenant list includes missions, consulates and non-government organizations. The Carlyle Group purchased the office tower in April for $217.5 million.

    12 June 2017 14:59
  • Adolfson & Peterson Tops Off Dallas-Area Office Building

    Adolfson & Peterson Construction topped out WatchGuard Video’s 140,000-square-foot corporate headquarters in Allen, Texas. GFF designed the two-story office building.

    09 October 2017 14:42
  • Choice Hotels Picks New CEO

    The lodging company’s selection of Patrick Pacious, president & COO, for the position marks the conclusion of a long-term succession planning undertaking.

    18 July 2017 10:52
  • Courtyard Philadelphia to Join Autograph Collection

    The 499-key hotel is listed on the National Register of Historic Places. Marriott will continue to manage the property after its conversion.

    22 June 2017 09:54
  • WPC Acquires $8M Office Buildings

    Washington Property Co. acquired two assets in the Maryland and Virginia suburbs of D.C., with plans to renovate and reposition both properties.

    04 April 2017 14:14
  • REITs Provide Alternative to ‘Develop-to-Core’

    Rather than compete to purchase core real estate assets, investors are looking to develop their own projects. But investors should consider REITs with a greater development focus as another option, argues Scott Crowe, CenterSquare's chief investment strategist.

    03 May 2017 17:57
  • Delinquency Rate Rises in April

    The delinquency rate has been increasing since the fourth quarter of 2016, when it was 5.9 percent, to 7.8 percent as of April, according to S&P Global data.

    03 May 2017 18:11
  • Net Lease Cap Rates Trend Lower

    After two consecutive quarters of increasing cap rates, the single-tenant net lease sector saw cap rates decline across retail, office and industrial property types, as competition heats up, notes The Boulder Group President Randy Blankstein.

    04 October 2017 14:20
  • The Changing Face of CRE Investment

    Institutional investors are increasing their interest in owning commercial real estate due to its more predictable returns, but what is the ripple effect on the rest of the industry? Buchalter Nemer Shareholder Manuel Fishman discusses the impact on other market players.

    19 April 2017 17:45
  • Joint Venture Invests in SC Redevelopment

    The Lowenstein Building is the first of several phases of a rehabilitation program taking place within Knowledge Park, a $200 million mixed-use development.

    14 September 2017 15:31