COMMERCIAL REAL ESTATE HEADLINE NEWS

 
 

CRE Headline News

Commercial Property Executive

  • newH-E-B Invests in East Austin Tech Facility
    The expansion is expected to add hundreds of jobs to the local economy. HPI Corporate Services serves as tenant broker, while IA Interior Architects is in charge with design.
    - 2 hours ago 18 Sep 18, 1:59pm -
  • newForest City’s Cleveland HQ Is Complete
    Vocon designed the 110,000-square-foot downtown office that the real estate company leased last year, allowing the tenant to reduce its footprint by 40 percent.
    - 2 hours ago 18 Sep 18, 1:46pm -
  • newThor Equities Sells London Office Asset for $64M
    The firm purchased the property in 2017 and refurbished its facade. The six-story building comprises a little more than 25,000 square feet.
    - 5 hours ago 18 Sep 18, 11:14am -
  • newAres Sells $270M Stake in Denver-Area Hotel Project
    Joint venture partners Ryman Hospitality Properties and RIDA Development acquired the alternative asset manager's interest in the $824 million Gaylord Rockies Resort & Convention Center development.
    - 5 hours ago 18 Sep 18, 10:36am -
  • newAdvances in Hotel Design
    Manny Dominguez, principal in the Hospitality Studio at Cooper Carry, details the biggest changes taking place in hotel design in today's marketplace.
    - 6 hours ago 18 Sep 18, 9:57am -
  • newPEG Cos. Buys Multi-State Marriott Portfolio
    The roughly $130 million deal encompasses more than 1,000 guestrooms in eight states. Cantor Commercial Real Estate provided the acquisition financing.
    - 6 hours ago 18 Sep 18, 9:46am -
  • newWorld’s Largest Offshore Wind Farm Begins Operation
    Ørsted and two Danish pension funds—PKA and PFA—share ownership of Walney Extension, the 659-megawatt project located off the coast of England.
    - 7 hours ago 18 Sep 18, 8:24am -
  • newConvene Expands Manhattan Footprint
    The flexible workplace and amenity services company signed a 116,000-square-foot lease in Midtown with RXR Realty. Convene now has 20 offices in New York City.
    - 7 hours ago 18 Sep 18, 8:20am -
  • newHines Office Asset in Phoenix Lands LEED Platinum Recertification
    The Class A property first achieved the certification in 2013. It remains, up to this day, the only LEED Platinum-EBOM Certified office building in Arizona.
    - 8 hours ago 18 Sep 18, 7:29am -
  • newLandsea Homes Relocates HQ to Newport Center
    The company leased a total of 10,671 square feet of office space in Newport Beach, Calif., around 15 miles from its former office in Irvine.
    - 22 hours ago 17 Sep 18, 6:09pm -

National RE Investor

Wall Street Journal

  • 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.
    - 22 days ago 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.
    - 22 days ago 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.
    - 34 days ago 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.
    - 34 days ago 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.
    - 34 days ago 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.
    - 34 days ago 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.
    - 34 days ago 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.
    - 34 days ago 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.
    - 34 days ago 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.
    - 34 days ago 15 Aug 18, 4:38pm -

GlobeSt

CRE News

BizJournals

CoStar

  • newExclusive: Triple Five To Acquire Prime Beverly Hills Site
    Rendering of the One Beverly Hills project for Wanda Group. Triple Five Group Ltd., the Canadian developer of the Mall of America, is under contract to buy one of the prime development sites in Beverly Hills, California, from China-based conglomera…
    - 5 hours ago 18 Sep 18, 11:00am -
  • newFayetteville, North Carolina, Watches Rivers Rise Amid Curfew, Spotty Power, Boarded Up Businesses
    Even 90 miles inland in North Carolina, businesses were closed in Fayetteville in the wake of Hurricane Florence. Photo credit: Paul Owers, CoStar GroupIn Fayetteville, North Carolina, 90 miles west of the worst of Hurricane Florence, sandbagged an…
    - 7 hours ago 18 Sep 18, 9:00am -
  • newMultifamily Developers Contribute to Downtown Cleveland’s Renaissance
    The Residences at Leader in Cleveland.Multifamily developers are playing a large role in downtown Cleveland’s revitalization as they continue to transform the city’s many blighted properties into updated, multifamily communities. By taking ad…
    - 7 hours ago 18 Sep 18, 8:53am -
  • With Sales Booming, Small-Town Apartment Brokers Benefit
    The 331-unit Elliston 23 in Nashville.Brett Kingman is too busy to talk about how busy he is. That's because he's an apartment real estate broker in a smaller city, where investors are flocking these days in search for more upside than major markets…
    - 1 day ago 17 Sep 18, 11:03am -
  • Starcity Picks Up Where Snap Left Off
    Starcity is opening first Los Angeles "co-living" location in Venice Beach at 29 Navy St., which also used to house the parent company of disappearing message app Snapchat.When the company behind Snapchat, the provider of instant messages that di…
    - 1 day ago 17 Sep 18, 10:59am -
  • Price War for Brookstone Heats Up With $56.4M Bid
    Bluestar Alliance has made a $56.35 million bid for retailer Brookstone.Some Brookstone stores may stay open after all, thanks to an emerging bidding war over the retailer of tech-focused gadgets and gifts that filed for Chapter 11 bankruptcy pro…
    - 1 day ago 17 Sep 18, 9:37am -
  • The Retail Market in Phoenix is Bouncing Back in 2018
    Retail rent growth is slowing nationwide this year, but it is accelerating throughout Arizona's Valley of the Sun. As the third quarter draws to a close, the average retail rent in Phoenix has grown by more than 4 percent year-over-year. The market's…
    - 1 day ago 17 Sep 18, 8:22am -
  • WeWork Executive Says Shared Office Provider Is Ready for Any Downturn
    From left to right: Dave McLaughlin, general manager, northeast WeWork; Alex Sharpe, cofounder and president, iQ Office Suites; Zach Ehrlich, founder and CEO of Mdrn. and Stoop; Brock Tupper, director of workplace strategy, IWG; Adam Bent, cofounder…
    - 1 day ago 17 Sep 18, 8:00am -
  • Exclusive: Dallas Office Building Could Set Texas Sales Record
    Lincoln Property Co. is considering selling 1900 Pearl, a 25-story office tower in Dallas, according to real estate sources.The strength of the Dallas office market is raising the possibility for a newly constructed tower to set a price per squar…
    - 1 day ago 17 Sep 18, 7:45am -
  • Miami-Area Developers Use Condominium Terminations to Deal With Land Shortage
    Una Residences, a proposed 47-story tower with 137 condos at 175 SE 25th Rd. in Miami.Modest or shabby condominiums in downtown Miami and across the surrounding region are proving to be ripe for redevelopment as builders try to cope with South Flor…
    - 1 day ago 17 Sep 18, 4:00am -

Connect CRE

  • newHiring a DRIVER – Should you? #TuesdayTrafficTips with Allen Buchanan
    Seemingly far-fetched? Or is it when you calculate the amount of wasted time you spend driving? This and more on this week’s VIDEO TIP for commercial real estate pros. Connect With Lee’s Buchanan Subscribe to Connect Daily CaliforniaThe post Hir…
    - 8 hours ago 18 Sep 18, 7:26am -
  • new$113.5M Financing for 12-Asset San Francisco MF Portfolio
    Mosser Capital secured $113.5 million in financing for a 12-property, 455-unit multi-housing portfolio with 13 ground-floor retail suites in San Francisco. HFF worked on behalf of the borrower to secure the six-year, including extension options, floa…
    - 8 hours ago 18 Sep 18, 7:24am -
  • newInvesco Acquires Riverside Distribution Facility
    Meridian Distribution Center II in Riverside, CA traded hands for an undisclosed amount. Invesco Real Estate acquired the asset from Sun Life Assurance Company of Canada through its advisor Bentall Kennedy. Located at 22000 Opportunity Way, the 503,5…
    - 8 hours ago 18 Sep 18, 7:24am -
  • newNKF Handles Costa Mesa Industrial Sale
    Connect Orange County is just around the corner. In case you didn’t know, it is just about the biggest CRE gathering in SoCal. Get more information and register to attend on this link: Connect Orange County. A single-tenant 31,424-square-foot flex…
    - 8 hours ago 18 Sep 18, 7:23am -
  • newSilicon Valley Whole Foods-Occupied Asset Trades for $55M
    A 50,451-square-foot retail property occupied by Whole Foods Market in Los Altos, CA sold for $55 million. Imperial Hornet Developers, LLC acquired the freestanding property located at 4800 El Camino Real from Compass Grand Associates, LLC. Situated…
    - 8 hours ago 18 Sep 18, 7:22am -
  • newDTLA Arts District Adaptive Reuse Retail Center Recapitalized
    Quantum Capital Partners arranged $16 million in long-term first mortgage debt to recapitalize a new 27,000-square-foot retail center in Downtown Los Angeles’ Arts District. Located at 833 E. Third St., the 1930’s bowstring truss warehouse recent…
    - 8 hours ago 18 Sep 18, 7:21am -
  • newImpact of Interest Rate Normalization on CRE Investment
    Real estate investor concerns about rising interest rates may be overblown, with the likely increase to be much less than the consensus of economic forecasters and well below pre-2008 levels, according to CBRE research. Since the Great Financial Cris…
    - 8 hours ago 18 Sep 18, 7:20am -
  • newOffice, Industrial Markets Q&A with Colliers’ David Amsterdam
    Creative workspaces are shaping the office environment across the country in new and interesting ways. Connect Media asked Colliers International’s David Amsterdam, President of Investments, Leasing for the Eastern Region, to share his insights ab…
    - 9 hours ago 18 Sep 18, 7:15am -
  • newBerkadia Secures $78M for Six Hotel Properties
    Berkadia secured $78 million financing for six hotel properties in a portfolio of eight total hotel properties on behalf of a partnership led by PEG Companies. Director Adrienne Kautzman of the Phoenix office secured the acquisition bridge loan throu…
    - 9 hours ago 18 Sep 18, 7:14am -
  • newGovernment Properties Income Trust, Select Income REIT to Merge
    Government Properties Income Trust is merging with Select Income REIT. The newly-named Office Properties Income Trust (OPI) will focus on a portfolio of office buildings primarily leased to single tenants and high credit quality tenants like governme…
    - 9 hours ago 18 Sep 18, 7:13am -
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