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Monthly Archives: October 2015

CoStar’s People of Note (Oct. 30)

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Chicago, Cincinnati, Minneapolis, Atlanta, Sacramento, Phoenix / Tuc…

New Cushman & Wakefield Capital Markets Chief Focused On Recruiting Across Key Markets

Cushman & Wakefield’s new head of capital markets for the Americas, Noble Carpenter, is pursuing an aggressive agenda for expanding, or in some cases, repositioning the global company’s investment sales platform.

“The new Cushman & Wakefield brings together a number of firms, (we are) weaving together the strengths of each company to create a capital solutions platform,” Carpenter told CoStar as he boarded a plane recently to embark on his latest…

Heightened Interest in Italian Real Estate

Kennedy Wilson Europe Real Estate has invested in its first Italian real estate, purchasing a portfolio of nine office buildings for €185.5 million ($205.3 million). They purchased the properties—in cash—from InvestiRE SGR.

According to Real Capital Analytics (RCA), a commercial real estate data and analytics company, about €6.9 billion has been invested in Italian commercial real estate in the first three quarters this year, more than doubling its volume from last year. Volume has also been up in Europe this year. In the first three quarters total volume was €200.7 billion, up 30% from the same period last year, RCA reports.

Increased competition for assets in bigger international markets, such as the U.K. and Germany, has driven prices up, pushing prospective returns down, thus luring investors seeking a higher yield to purchase properties in other regions, including Italy.

Office Lease Up (Oct. 26) Schlumberger To Consolidate National HQs to Sugar Land

Energy services provider Schlumberger plans to consolidate the company’s U.S. headquarters to the Houston suburb of Sugar Land as part of its long-term resource management and consolidation strategy. As part of this headquarters-consolidation project, the Fortune Global 500 company plans to relocate more than 500 jobs to its existing 200-acre Sugar Land campus, investing more than $200 million in capital improvements as part of the move.

Ultimately…

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