60.91 0.00 (0.00%)
After hours: 4:19PM EST
|Bid||60.90 x 800|
|Ask||60.89 x 1400|
|Day's Range||60.82 - 61.78|
|52 Week Range||42.95 - 61.90|
|Beta (5Y Monthly)||1.69|
|PE Ratio (TTM)||20.02|
|Earnings Date||Feb 26, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||62.38|
Transwestern has a maintained a strong brand in Atlanta commercial real estate since launching here in 2001.
HF Foods Group Inc. (NASDAQ: HFFG), a food distributor to Asian restaurants across the Southeast, Pacific and Mountain West regions of the United States, has completed the purchase through its wholly owned subsidiary B&R Global Holdings, (BRGH) Inc. Under the terms of the purchase, BRGH acquired a 100 percent stake in nine independent property holding companies. The holding companies collectively control 10 warehousing properties, totaling 642,757 square feet -- including 223,500 SF of cold and freezer storage space. The properties were previously owned by B&R Group Realty Holding LLC, a real estate holding company that is 8.91 percent owned and managed by Peter Zhang, co-CEO of HF Foods Group.
CBRE Group, Inc. (NYSE:CBRE) today announced that it was the top-ranked real estate company on Fortune’s World’s Most Admired Company roster for the second year in a row. It is the eighth straight year that CBRE has been named a Fortune Most Admired Company.
CBRE Group, Inc. (NYSE: CBRE) is a Best Place to Work for LGBTQ Equality according to the Human Rights Campaign. CBRE received a perfect score on the 2020 Corporate Equality Index (CEI), a national benchmarking survey and report on corporate policies and practices related to LGBTQ workplace equality. This marks the seventh consecutive year that CBRE has achieved a perfect CEI score.
CBRE Group, Inc. (NYSE: CBRE) announced that its policies and practices fostering gender equality in the workplace have earned the company a place in the 2020 Bloomberg Gender-Equality Index (GEI).
This new museum — where guests can laugh, scream, run and take photos — will feature optical, photographic, holographic and interactive illusions.
The team — routinely a top producer in the region and U.S. for multifamily sales — notched $1.5 billion total in sales volume between June 2018-June 2019.
"Midtown right now is like no other market I have seen in Atlanta since I've been doing this." -Chris Scott, a partner with developer Greenstone Properties.
Returning to the capital markets to raise funds, STAG Industrial (STAG) upsizes and prices a public offering of 8,750,000 shares of common stock.
CBRE Group, Inc. (NYSE:CBRE) will release its fourth quarter 2019 financial results and 2020 earnings outlook at approximately 6:55 a.m. Eastern time on Thursday, February 27, 2020. Management will hold a conference call on that same day (Thursday, February 27, 2020) to discuss these results at 8:30 a.m. Eastern time.
(Bloomberg) -- If Amazon.com Inc.’s botched expansion in New York City offers a cautionary tale, Google is showing there’s another way.The Alphabet Inc. unit has added thousands of jobs since it set up shop in the Chelsea neighborhood in 2006, and plans to add thousands more on Manhattan’s west side. The company didn’t take public subsidies, and has mushroomed in New York without provoking much ire.“Google did it very wisely,” said Mitchell Moss, an urban planning professor at New York University.Google, a tech pioneer when it first arrived in New York 20 years ago, has established itself gradually, buying and leasing mostly older buildings, and leaving the exteriors alone.Amazon, meanwhile, flirted with cities around the U.S. in its flashy public bid to establish a second headquarters. It ultimately negotiated billions in government subsidies to bring 25,000 jobs to the Long Island City section of Queens. The Seattle-based e-commerce giant abandoned the plans a year ago after the public money became a lightning rod for criticism, partly over concerns about what a huge new campus filled with high-earning Amazonians would do a gentrifying neighborhood.Google has more than 8,000 employees in New York across several buildings and could surpass 14,000 by 2028. In the past two years, it bought Chelsea Market and a building across 15th Street for a total of about $3 billion. It also announced plans to spend more than $1 billion creating a new campus in Hudson Square, about a mile south of its New York headquarters at 111 Eighth Ave.When Google bought that building in 2010, it marked a turning point in New York’s bid to be a major technology hub, said Doug Harmon, who brokered the deal and is now chairman of capital markets for Cushman & Wakefield. The company’s steady presence has attracted other tech giants who are turning Manhattan’s west side into a new tech corridor.Long a media and finance stronghold, New York has been tipping toward tech as companies that have outgrown California tap the city’s highly skilled workforce. The city had more than 264,000 tech workers in 2018, a 20% jump from 2013, according to real estate company CBRE Group Inc. Facebook Inc. has expanded its presence in recent months with a lease at Hudson Yards, while Amazon also recently took space in the neighborhood to house more than 1,500 workers, a sign it still plans to add workers in the city despite the abandoned HQ2 project.While Amazon said in February it was disappointed that it couldn’t build the relationships with state and local officials required to move forward with its project in Queens, the company plans to expand in its 18 tech hubs across the U.S., including New York.Avoiding ControversyThere are some parallels between Chelsea when Google arrived and Long Island City when Amazon announced its move. The Queens neighborhood is going through its own wave of gentrification as glass apartment towers spring up for young professionals who want a quick commute to Manhattan without Manhattan prices.Amazon wanted to build a huge new campus in Queens near a public housing project. And while the company said it would generate $186 billion in economic activity over 25 years, opponents saw it as contributing to congestion and higher rents in a city that was increasingly becoming out of reach for many.In Chelsea, though, Google has mostly managed to avoid controversy.“Gentrification was under way long before Google showed its face here,” said Pamela Wolff, a former building manager and member of community advocacy group Save Chelsea.When Wolff moved to Chelsea from Tennessee to chase a career in dance more than six decades ago, the neighborhood was largely Spanish-speaking, with single-room apartments for dockworkers.After Chelsea Piers ceased being a shipping hub in the late 1960s, the neighborhood started to draw residents priced out of Greenwich Village, making it a global capital of gay culture. Eventually, art galleries moved in and rising housing prices followed.Google has fueled development in Chelsea and the nearby Meatpacking District. It showed up three years before the opening of the High Line, a former elevated railway turned park that’s become one of the city’s most Instagram-worthy spots, and almost a decade before the Whitney Museum relocated to the neighborhood from the Upper East Side. Now, the area is a tourist magnet, full of high-end boutiques and fashionable brunch spots.“Google has been the hub for this renaissance,” said NYU’s Moss, who has advised Governor Andrew Cuomo and Mayor Bill de Blasio on urban policy. “Once it becomes acceptable for educated workers, then it becomes acceptable for everyone else.”‘Cocoon’Google faces some of the same criticism tech companies always do: that they force prices up in neighborhoods but don’t spend much of their high salaries supporting local businesses, some of which have closed in recent years due to high rent. Google employees stay inside offices with free cafeterias, then go home at night, Wolff said.“It’s so attractive that it creates a cocoon around those employees,” she said.Google has tried to stay active in community groups, helping it stay ahead of complaints and showing local leaders that it’s at least listening to their concerns. The company has provided public internet in a Chelsea park, and helped rescue an 80-year-old mural when the bank it was located in was slated for demolition.When Google bought the Chelsea Market building -- a food hall, shopping mall, office building and television production facility -- it inherited a commitment from the previous owner to pay for a computer center at the Fulton Houses, a public housing development around the corner. Google has donated Thanksgiving turkeys and clothing for the residents, said Fulton Houses Tenants Association president Miguel Acevedo, who has lived in Chelsea for decades.Google could do more to hire locals, Acevedo said. Of the hundreds of Fulton Houses residents, a quarter are unemployed, but only three or four work at Google. For starters, the company could require the contractors it pays for catering and security to hire more Chelsea residents, he said.“Gentrification is something that’s been a part of the Chelsea neighborhood for better or worse well before we got here,” said William Floyd, a Chelsea resident who runs Google’s public policy team focused on state and city governments in the U.S. “That said, we know that it’s an issue we can possibly be helpful with.”\--With assistance from Nic Querolo.To contact the reporters on this story: Gerrit De Vynck in New York at email@example.com;Natalie Wong in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Craig Giammona at email@example.com, Molly Schuetz, Christine MaurusFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
A 49-story office tower in downtown Houston has kicked off a $20 million modernization project that includes new tenant amenities.
Prologis' (PLD) $4-billion acquisition of IPT's portfolio buyout will strengthen its presence in strategic markets across the United States.
We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained more than 57% each. Hedge funds' top 3 stock picks returned 45.7% last year and beat the S&P 500 […]
One of the top industrial real estate brokers in Sacramento has joined CBRE Group Inc. Zac Sweet joined CBRE’s Roseville office from Buzz Oates Real Estate, where he was most recently a first vice president of industrial properties, and served as an adviser for the company’s 8 million-square-foot portfolio. Sweet said he will still work on Buzz Oates' industrial properties. “I’m going to continue working on the account,” he said, “just on a bigger and better platform.” Sweet said he made the move because of CBRE’s national footprint.
Hana is coming to Greater Washington, and it's going to be neighbors with HQ2. CBRE Group (NYSE: CBRE) has picked a Crystal City office building to serve as the first East Coast location of its flexible space concept, named after the Hawaiian word for work. The commercial real estate services firm has leased about 39,000 square feet from JBG Smith Properties (NYSE: JBGS) at 2451 Crystal Drive, where Hana at National Landing, as it will be known, will become only the sixth global location for CBRE when it opens in mid-2020.
While Cousins Properties' (CUZ) focus to enhance its portfolio in the Sun Belt markets by banking on healthy traits is a strategic fit, higher office completions in 2020 remains a concern.
The redevelopment of a 70-year-old Winter Park shopping center — located along a stretch of bursting with proposed commercial projects — may start in mid-2020. Oviedo-based developer Hill Gray Seven LLC will seek approvals from the city of Winter Park starting in February to demolish and redevelop the Ranch Mall at 415 S. Orlando Ave., Gregg Hill, CEO of Hill Gray Seven, told Orlando Business Journal. The project, called Hill Center, is expected to feature at least two, two-story buildings that rise up to 40 feet.
Real estate powerhouse CBRE Group's acquisition of a Newton-based firm comes as many U.S. mobile phone carriers are deploying 5G networks.
Prominent Atlanta developer Portman Holdings last month bought the nearly 4-acre funeral home and gardens, which occupy a high point in Midtown at Spring and 10th streets. The nearly $40 million deal between Portman Holdings and the owner of the property, an affiliate of Houston-based Service Corp. International (NYSE: SCI), closed on Dec. 19, according to Fulton County real estate records. The Spring Hill Mortuary has been a sought-after site in Midtown for years.
There are construction opportunities for a proposed redevelopment project in SoDo. Orlando-based property owner Hughes Supply Inc. plans to redevelop industrial buildings into a new development — totaling 50,000 square feet — at 215 W. Grant St. The project won approval Dec. 17 from Orlando's municipal planning board and is headed for final approvals this month from the city council. The project is expected to feature 37,900 square feet of office and warehouse space along with 12,000 square feet of retail space, including a brewery.