JLL Atlanta searches the news every week to provide a roundup of top stories from a variety of commercial real estate industry publications. Here are some interesting articles from the week.
DLA Piper Report: CRE Execs in the Caution Zone by Barbra Murray, Commercial Property Executive.
“The 186 respondents to the predictive survey are worth a listen. With titles including CEO, COO, CFO and other high-level designations, they are investors, developers, debt providers, third-party brokerage firms and everything in between. Their response to the most important question speaks volumes. When asked how they would describe their 12-month outlook for the U.S. commercial real estate market, 62 percent were bullish—an eyebrow-raising decline from 89 percent in 2014—and 38 percent were bearish. But the change in numbers is not as bad as it may seem on first glance.”
Cousins Properties in $2B Deal to Buy Rival by J. Scott Trubey, AJC
“Cousins President and CEO Larry Gellerstedt said in an interview that the expanded Cousins will become the top landlord of Class A or top-tier office space in Buckhead, uptown Charlotte and downtown Austin, as well as make the firm a major player in Phoenix, Orlando and Tampa. ‘Atlanta is very healthy right now, so are Austin and Charlotte,’ he said.”
Tech square expansion gets a lift with first office lease by Douglas Sams and Amy Wenk, Atlanta Business Chronicle
“ThyssenKrupp will lease up to 15,000 square feet in the planned office building, where it’s likely expanding its research and technology teams. The office tower already plans to use ThyssenKrupp’s dual-car elevator system. The company may see the space as a way to test and expand remote and mobile monitoring technology capability of its elevator systems.”
How Startups are Forcing Change in Commercial Real Estate by Tanner McGrow for Forbes
“The startup community may be a bit of an enigma to many CRE brokers, but there’s a lot of upside potential: repeat business as companies grow, a community for referrals and the competitive edge that comes from gaining expertise in an underserved sector. Brokers looking to corner the market just need to understand the unique needs and preferences of these clients. Here are a few things that startups are looking for.”
Why Companies Are Returning to Big Cities by Bruce Nolop for WSJ
“As exemplified by GE’s decision to relocate to Boston, both mature businesses and startups are migrating to cities – reversing a pattern that began in the 1960s of businesses moving to the suburbs. So what’s causing the pendulum to swing back to cities? Here are four explanations.”