|Bid||19.22 x 1100|
|Ask||19.24 x 1100|
|Day's Range||19.12 - 19.44|
|52 Week Range||15.69 - 20.80|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 26, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.63|
NAIOP Houston honored some of the city’s top commercial real estate brokers Feb. 19 at the organization’s annual Broker of the Year awards.
Cushman & Wakefield has acquired Colvill Office Properties, a leading provider of office agency leasing services in Houston.
These land deals translate to more temporary construction jobs and full-time positions for commercial properties — and more homes to serve the region’s growing population.
One of Houston's noteworthy homegrown commercial real estate firms has been acquired by Chicago-based Cushman & Wakefield. Cushman & Wakefield (NYSE: CWK) paid an undisclosed amount to purchase Colvill Office Properties, which currently directs leasing and marketing efforts for 17 million square feet of Class A office space in Houston. The current Colvill portfolio includes more than 30 individual properties in the Central Business District, Energy Corridor/Katy Freeway, Galleria/Uptown, Westchase, West Belt, Springwoods and Inner Loop submarkets.
Cushman & Wakefield announced today that IAOP® has recognized the firm on The 2020 Global Outsourcing 100® list for the ninth consecutive year.
Both Dallas-based Lincoln Property Co. and Raleigh, North Carolina-based Highwoods Properties Inc. (NYSE: HIW) are seeking more than $40 per square foot for office space in their future downtown towers in order to turn a profit after building and selling these high-rises. Lincoln Property plans to build a 32-story skyscraper with 210,000 square feet of office space, 228 hotel rooms and more northeast of South Street and Garland Avenue. The prices are far above the submarket's average Class A asking office rent of $28.55 per square foot, according to Cushman and Wakefield plc (NYSE: CWK), and exceeds the $30 plus per square foot Lincoln Property achieved at its recently opened $133 million SunTrust Plaza at Church Street Station northeast of Garland Avenue and South Street.
Cushman & Wakefield represented ShipFusion Inc., an e-commerce fulfillment company, in its new 381,600 square foot lease in Carol Stream, Ill.
Veteran Nashville office developer Pat Emery has put his firm's new Music Row office building up for sale. Hall Emery, led by Emery and president David Wells, is soliciting offers for the 18th & Chet office building at 820 18th Ave. S. The 10-story building opened last year and features tenants such as accounting giant EY — which announced a 600-job expansion at the building — as well as WeWork and RBC Wealth Management. The building is 82% leased and those tenants are paying rent just shy of $40 per square foot, according to marketing materials created by brokerage firm Cushman & Wakefield, which is representing Hall Emery.
A Winter Garden industrial site soon may transform into new office space. Orlando-based F&J Developers LLC — whose co-managing partner is Jim Heistand, owner and CEO of Orlando-based Parkway Property Investments LLC — plans to redevelop the old Cemex plant at the northeast corner of Plant Street and Hennis Road into a new 80,000-square-foot office building, Heistand told Orlando Business Journal. Heistand said he's working with the city of Winter Garden on the project's design and expects the building to feature a citrus-packing look.
Cushman & Wakefield will be moving into 20 U.S. multifamily markets with the acquisition of a multifamily property manager based in North Texas.
Cushman & Wakefield has entered into a definitive agreement to acquire Pinnacle Property Management Services, LLC.
Hunt Companies, Inc. ("Hunt") has entered into a definitive agreement to sell its majority interest in Pinnacle Property Management Services, LLC ("Pinnacle") to Cushman & Wakefield (NYSE: CWK).
A defense contractor plans to move 230 employees to this Orlando business complex, which is increasingly in-demand among tech firms.
Central Florida's largest employer — appears to be the future tenant in an Orlando commercial project. The Burbank, California-based (NYSE: DIS) theme park giant will occupy roughly 141,668 square feet in a build-to-suit industrial building at 8649 Transport Drive in Orlando, according to documents filed to the state. The project is called "Disney BTS Transport Drive." New York-based industrial company Link Industrial — related to investment firm The Blackstone Group Inc. (NYSE: BX) — owns the roughly 7-acre property through entity Gpt Transport Owner II LLC. Representatives with Disney and Link Industrial weren't available for comment.
Delays in getting permits likely will push back the co-working giant's original plans to open downtown by second-quarter 2020.
Cushman & Wakefield received a perfect score of 100 on the 2020 Corporate Equality Index, administered by the Human Rights Campaign Foundation.
A global manufacturer and distributor of plastics wants to plant a new U.S. headquarters in Central Florida. Ravago Americas LLC seeks roughly 200,000 square feet of space for a new office here. In addition, the company's related Entec Polymers LLC has looked for roughly 50,000 square feet of space.
DTZ Investors acquired Tesco’s Irish Distribution Centre in Dublin on behalf of KTB. KTB and DTZ Investors were advised by Cushman & Wakefield.
Cushman & Wakefield announced today that it will host its Investor Day on Tuesday, March 10, 2020, beginning at 9:00 a.m. EDT in New York City.
The grocer confirmed Jan. 22 in a tweet it will close nearly all of its Sunshine State locations — excluding one in West Melbourne — along with other U.S. stores.