Commercial

Office Real Estate Trends In Vogue Right Now

In the 48th annual conference for the National Association of Real Estate Editors, experts discussed the various trends office building are adopting to become more attractive. Culture Map compiled a list of the most interesting trends that are taking over the real estate market and we sieved through the list to bring out the commercial real estate developments.

Thor Equities Led Group Agrees to buy Manhattan’s 530 Fifth Ave. Building for $595 Million

A consortium of investors led by Thor Equities LLC, a major New York City-based property developer, has agreed to purchase the retail and office building at 530 Fifth Avenue, Manhattan, for a deal worth $595 million.

Increased Supply Controls Rising U.S. Apartment Rents

As the U.S. economy is still struggling with an uneven recovery, more people are opting to rent than to buy. This has driven up rental rates through the roof. However, a new report reveals that the pace, at which rates have been rising, is slowing down as supply increases.
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