COMMERCIAL REAL ESTATE HEADLINE NEWS

 
 

CRE Headline News

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  • CBRE Global Investors Buys Stake in Three GGP Malls
    One of the world’s largest real-estate asset managers has purchased a 49% stake in three malls in a deal that values them at more than $1 billion and shows that investors still have an appetite for top-tier retail property.
    - 27 Aug 18, 11:35pm -
  • FAO Schwarz Is Returning to New York
    A dominant presence in Midtown Manhattan for decades before its closure in 2015, the toy store is coming to life again with a new, 20,000-square-foot Rockefeller Center location.
    - 27 Aug 18, 10:52pm -
  • Bottle Maker Quadruples Manhattan Office Space
    S’well Bottle, a maker of reusable beverage bottles, has quadrupled its office space, landing a two-year sublet in the Flatiron District of Manhattan, the company announced.
    - 15 Aug 18, 7:12pm -
  • Target to Open on the Lower East Side
    Target Corp. has signed a lease to open a 22,500 square-foot store at the 1.9 million-square-foot development stretching across several Manhattan blocks called Essex Crossing.
    - 15 Aug 18, 6:47pm -
  • Chocolate Giant Ferrero to Look for Innovation at Cornell Tech
    Ferrero, Italian manufacturer of sweets and chocolates, is setting up an innovation outpost at Cornell University’s technology campus on Roosevelt Island in New York City.
    - 15 Aug 18, 6:47pm -
  • Apple Headquarters Signals Tech's Boom, Bravado
    Apple Inc.’s new headquarters in Silicon Valley is the most lavish in a spate of glitzy new architectural projects by tech titans at a time when their businesses are booming and market valuations are soaring.
    - 15 Aug 18, 6:15pm -
  • Value of Trump's Golf Clubs Lags Behind Investment Surge
    President Donald Trump’s golf courses are in the spotlight, but the value of the properties hasn’t kept pace with the amount of money he has invested to make upgrades.
    - 15 Aug 18, 6:00pm -
  • Supermarkets Face a Growing Problem: Too Much Space
    A massive build-out by retailers has left the country piled up with grocery shelves as consumers shift from big weekly shopping trips to more snacking and to-go meals.
    - 15 Aug 18, 5:32pm -
  • New Jersey Office Rents Near Records
    Asking rents for New Jersey office space are nearing records as landlords undertake extensive renovations and fill older properties with top-notch amenities.
    - 15 Aug 18, 4:40pm -
  • Malls Never Wanted Gyms. Now They Court Them
    Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they’re giving health clubs some of their best real estate.
    - 15 Aug 18, 4:38pm -

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  • newCollaboration = Satisfaction
    “No man is an island,” the poet John Donne informed us in the 17th century. Apparently, no employee is, either. A survey conducted by WeWork and research firm Ipsos linked collaboration and job satisfaction. It found that 70% of those who describ…
    - 2 hours ago 14 Dec 18, 8:29am -
  • newSolana Beach Asset Refi’d to Fund Planned Improvements
    San Diego-based Fenway Capital Advisors secured an $8.3 million loan for the refinance of Pacific View Center in Solana Beach, CA. The asset is comprised of a three-story, multi-tenant office building totaling roughly 20,415 rentable square feet. Th…
    - 2 hours ago 14 Dec 18, 8:25am -
  • newMountain Green Lands Trio of Tenants in Upland
    SRS Real Estate Partners completed a 20,390-square-foot lease with ALDI, a 3,800-square-foot lease with Optima Salons and a 2,100-square foot lease with Pathway Vet Alliance at the Mountain Green Shopping Center in Upland, CA. Already recognized as…
    - 2 hours ago 14 Dec 18, 8:24am -
  • new$287M Santa Ana Ground Lease Foundation for State’s Largest Affordable Housing Dev
    A 99-year ground lease valued at $287-million was completed for a 6.84-acre affordable housing development project in Santa Ana, CA. The lessor was Broomell Commercial Properties, while the lessee was Alexis Gevorgian of AMG & Associates, LLC, The P…
    - 2 hours ago 14 Dec 18, 8:23am -
  • newVacant Livermore Office Eyed for Medical MXU Redevelopment
    Carlsbad, CA-based Mana Investments and Minneapolis-based Hunter Street Partners envision reviving and rebranding the vacant Sunset Office Plaza in Livermore, CA into The Well at Sunset. The developers plan to create a mixed-use project featuring med…
    - 2 hours ago 14 Dec 18, 8:22am -
  • newRobert Peddicord to Head CBRE’s South Bay Office
    CBRE named veteran CRE leader Robert Peddicord to head the firm’s South Bay operations, including a 130-person office in El Segundo, CA. He will have oversight of CBRE’s full spectrum of service offerings, including advisory and transactions, cap…
    - 2 hours ago 14 Dec 18, 8:21am -
  • newEconomic Opportunity Zones vs. 1031 Exchanges
    By Marc Wieder, Robert Gilman and Jeffrey Bowden, Anchin, Block & Anchin LLP The new Economic Opportunity Zones (EOZ) approved as part of the larger Tax Cuts and Jobs Act (TCJA) has been established to spur economic activity — and incentivize inves…
    - 2 hours ago 14 Dec 18, 8:20am -
  • newLPC West Acquires Westside Site, Plans $225M Spec Creative Office Development
    LPC West acquired the Entrada site in Culver City, where it plans to develop a $225-million spec office building. Envisioned as a more than 300,000-square-foot creative office, the development will cater to entertainment, media, and technology tenant…
    - 2 hours ago 14 Dec 18, 8:20am -
  • newThe WeWork of Co-Living?
    The co-living sector has notched its first 10-figure investment. Berlin-based Medici Living Group, the parent company of co-living brand Quarters, has forged a €1-billion (approximately US$1.13-billion) agreement with Corestate Capital Holding to d…
    - 2 hours ago 14 Dec 18, 8:17am -
  • newShorenstein Tapped to Develop 750K SF at Austin’s MXU Mueller
    Shorenstein Properties LLC joined forces with Catellus Development Corp. to build office and retail space at the mixed-use Mueller community on Austin’s northeast side. The agreement calls for Shorenstein to develop up to three office projects tota…
    - 2 hours ago 14 Dec 18, 8:15am -
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