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Commercial Real Estate News Feed

August 20
2:34 AM
globest Bellwether Aiming for More Growth CLEVELAND--In this UPDATE , Ned Huffman tells GlobeSt.com that within two or three years, he envisions the company having as much as $4.0 billion in annual loan volume.
August 20
12:32 AM
globest Next Realty Buys IN Best Buy SOUTH BEND, IN--This particular submarket has a vibrant retail environment with a vacancy rate below 5%.
August 20
12:30 AM
wsj U.S. Construction Shifts to Second Tier Construction projects in cities across the country that stalled during the economic downturn now are getting the green light, an indication that the real-estate recovery is ...
August 19
11:49 PM
wsj Sam Zell, Ex-Partner Face Off in Emerging Markets Since an acrimonious split, Sam Zell and his former partner Gary Garrabrant have kept their distance. Now they are preparing to square off on turf they once conquered together: ...
August 19
10:44 PM
globest NAI Looks to Revive Bannockburn Center CHICAGO--The company recently brought a nearby center from 60% occupancy to more than 90%, and hopes to do the same with the Bannockburn Corporate Center.
August 19
10:37 PM
globest Fed Tenants Shed 15% of Space in New Leases: JLL WASHINGTON, DC--The consensus by Congress to economize with the government's space usage is being followed by real action, JLL's Joe Brennan tells GlobeSt.com's Erika Morphy.
August 19
9:57 PM
globest The Baltimore Sun Takes 14,400 SF of Warehouse Space FINKSBURG, MD--The landlord is building its new tenant a loading dock, Cassidy Turley's Robert Oare says.
August 19
9:45 PM
globest Waiting for a Sign About Interest Rates at Jackson Hole WASHINGTON, DC--Interest rate increases are coming. We know that. But the when and how much is anyone's guess. GlobeSt.com readers fill in the void.
August 19
9:22 PM
globest Firm Tabbed to Develop RFK Stadium Master Plan WASHINGTON, DC--Property management firm Brailsford & Dunlavey has been selected by the District's convention and sports authority to draft a master plan for RFK Memorial Stadium.
August 19
9:16 PM
wsj Casinos Chase New York City Proximity With three failing Atlantic City casinos slated to close their doors within the next month, officials near New York City are pushing shiny new gaming facilities harder than ever.
August 19
9:13 PM
globest MRP, CAS Riegler Win Brookland Station Project WASHINGTON, DC--Metro reports it has selected a team led by MRP Realty and CAS Riegler to build a mixed-use development adjacent to the Brookland station.
August 19
8:27 PM
wsj Many Visitors but Few Tenants Governors Island attracts many seasonal visitors but also faces many stumbling blocks in luring year-round tenants to the 172-acre off the southern tip of Manhattan.
August 19
8:21 PM
nytimes Square Feet: Atlantic City Grapples With Empty Spaces Government and industry officials are trying to determine how and whether former gambling, hotel and resort spaces might be reused.
August 19
8:12 PM
wsj Unions, Activists Align on Affordable Housing A group of New York City construction unions have forged a coalition with affordable housing activists to ratchet up pressure on Mayor Bill de Blasio to require organized labor in ...
August 19
7:35 PM
nytimes Square Feet: Millennials Going to Kansas City, to Live and Work An influx of young people is revitalizing the city’s downtown, and developers are responding by converting obsolete office towers into luxury residences.
August 19
7:22 PM
nytimes Ski Town May Face Winter Without Popular Path to Slopes One of Utah’s most popular ski resorts is facing eviction in a legal dispute that may not be settled by the time winter kicks in.
August 19
7:12 PM
nytimes Recent Commercial Real Estate Transactions Notable properties that have been recently listed for sale, sold or leased.
August 19
7:02 PM
wsj U.S. Home Size Levels Off, for Now at Least The two-year trend of big houses getting even bigger appears to have peaked—at least for now—as more buyers seeking modest homes enter the market.
August 19
6:59 PM
wsj Plots & Ploys MediaNews Group is putting its real estate on the block; Investors are pouring money into health-care properties; Swedish construction giant Skanska invests in more ...
August 19
6:01 PM
globest New Distribution Facility Planned for Oakland OAKLAND, CA--With completion expected early next year, the 374,725 foot facility will be leased Benjamin Moore & Co.
August 19
6:00 PM
globest CBRE Runs "Back To School Supply Drive" With Paterson Family Center PATERSON, NJ--CBRE New Jersey and CBRE Cares, the company's corporate giving and volunteerism organization, have partnered with the New Destiny Family Success Center, a provider ...
August 19
5:49 PM
globest Candlebrook Properties Introduces High-End Design With 251 DeKalb KING OF PRUSSIA, PA--New York-based Candlebrook Properties, which owns apartment properties throughout New York and New Jersey, is expanding into the Philadelphia market with the ...
August 19
5:46 PM
globest JLL Gets New Internal Audit Head CHICAGO--The chief financial officer for JLL in India will take the place of JLL veteran Corey Lewis, who will take a top position with the firm's HSBC team.
August 19
5:43 PM
globest Consolo & Co. Ink Big LIC Industrial Lease NEW YORK CITY--"It's fun to work on something out of the ordinary; it keeps us on our toes and widens our knowledge base," retail queen Faith Hope Consolo, chairman of Douglas ...
August 19
5:36 PM
globest CBRE Group 2Q MarketView Shows NJ Office Leasing Brisk SADDLE BROOK, NJ--The New Jersey office market ended the second quarter with a significant reduction in availability and an improvement in total net absorption, according to ...
August 19
5:32 PM
globest Flex Park Changes Hands PHOENIX--Cabot Business Center, a five-building flex/R&D center was acquired by Dunbar.
August 19
4:42 PM
bizjournals Z Block project on Denver's Wazee will include Sage hotel Z Block, a development on Wazee Street in downtown Denver, will include a 170-room hotel by Sage Hospitality in addition to retail and office space. The development is a ...
August 19
4:41 PM
bizjournals Meet the man from rural Tibet who's building Seattle's latest high-rise Lobsang Dargey, a former Buddhist monk from rural Tibet who also happens to be Andre Agassi's brother-in-law, is hitting his stride as a commercial real estate developer in ...
August 19
4:30 PM
bizjournals Commercial real estate brokers trigger surge in small bank's loan demand San Francisco-based Trans Pacific National Bank received preferred-lender status from the Small Business Administration this month, spurring a big jump in the bank's loan ...
August 19
4:30 PM
globest Showboat Casino Hotel to Shut Down on Aug. 31 ATLANTIC CITY, NJ--State regulators have given the Showboat Casino Hotel the green light to shut its doors on Aug. 31.
August 19
4:26 PM
globest Savvy Hotel Investors Moving North MIAMI--"The sale of il Lugano is another example of the northward momentum of the Fort Lauderdale Beach hotel market," says HFF director Max Comess.
August 19
4:18 PM
globest Kimco Continues Southeast Retail Hot Streak JENSEN BEACH, FL--Kimco is on a buying and selling hot streak in the Southeast. Get up to speed on the deal flow.
August 19
4:06 PM
globest Shea Properties Buys 10 Acres ALHAMBRA, CA--The developer plans a mixed-use complex with 260 luxury apartment units and 140,000 square feet of retail on the land plot, which is located on the corner of Main ...
August 19
3:37 PM
bizjournals First retailers named for Curtis Park Village include Safeway The developer of Curtis Park Village said Tuesday that Safeway and a regional pet-store chain will anchor the project's first retail property. A gym and several popular local ...
August 19
3:16 PM
nytimes The 30-Minute Interview: Paul Sciallac Mr. Scialla is the founder and chief executive of Delos, a real estate developer based in New York that focuses on so-called well building designs.
August 19
2:33 PM
globest Austin Sees Double-digit Rent Growth Thanks to Influx of High-tech AUSTIN--Thanks to an influx of high-tech companies, the city is seeing double-digit rent growth.
August 19
2:29 PM
globest Revamped Galleria Plaza Signs New Tenant Amid LBJ Noise DALLAS--After renovating, Galleria Plaza signs a new tenant and nets two lease expansions.
August 19
2:27 PM
globest IPA Adds Nester Clark to Senior Advisory Team HOUSTON--Institutional Property Advisors adds Nester Clark to its national senior advisory team.
August 19
2:01 PM
globest Western Plaza Gets $21M LOS ANGELES--Western Avenue Capital, owners of the 115,000-square-foot shopping center, secures a 10-year loan to refinance existing short-term debt.
August 19
1:56 PM
globest Tech Industry Drives Rents Up LOS ANGELES--According to a recent CBRE report, technology companies account for 20% of major office leasing activity year-to-date.
August 19
1:55 PM
bizjournals Downtown Schenectady apartment project hinges on New York state grant Commercial real estate developer Prime Cos. plans to build more than 100 apartments and retail space in downtown Schenectady, New York, but the financing will only work if the ...
August 19
1:54 PM
globest Eastern Union Funding Taps New CEO NEW YORK CITY--Newly appointed company head Allan Forman will focus on areas of the business in which velocity recently has increased.
August 19
1:50 PM
globest Hotels, Casinos Proposed at Meadowlands Sports Complex CARLSTADT, NJ--The Meadowlands Regional Chamber and other officials unveiled a "Vision Plan" for the Meadowlands Sports Complex on Tuesday that calls for a more than $1.5-billion ...
August 19
1:20 PM
nreionline Can Family Dollar Merger End Wal-Mart’s Supremacy? With its two main rivals putting in bids for the retailer and speculation over whether or not Wal-Mart Stores will join the bidding war, Family Dollar has become a hot commodity ...
August 19
1:18 PM
globest Have You Considered This Office X Factor? MIAMI--Various factors impact vacancy rates in South Florida. But a new CBRE research report is pointing to one that may not be top of mind for most brokers.
August 19
1:06 PM
globest Israeli Investor Buying Up Flagler Street Assets MIAMI--"Mana's vision, combined with other developments, will ignite Downtown Miami for the first time in 30 years," says Sterling Equities' Mika Mattingly.
August 19
12:54 PM
globest ECHO Realty Acquires Sarasota-Based Shopping Center SARASOTA, FL--Pittsburgh-based ECHO Realty reports it has acquired the 140,000-square-foot Paradise Plaza Shopping Center here.
August 19
12:53 PM
bizjournals List alert: Commercial property management firm surveys are now open The Tampa Bay Business Journal is currently surveying for its List of the largest commercial property management firms. The List is open to firms that provide property management ...
August 19
12:46 PM
globest Wheeler Trust Acquires Three Retail Development Properties EDENTON, NC--Virginia Beach, VA-based Wheeler Real Estate Investment Trust Inc. acquired a total of three retail development properties in Edenton, NC, Moyock, NC, and Courtland, ...
August 19
12:40 PM
bizjournals Public hearing set for downtown Union Station TIF district The Wichita City Council agreed Tuesday to set a public hearing for Oct. 7 on the creation of a tax increment financing district at Union Station in downtown Wichita. Occidental ...