Commercial Real Estate (CRE) News

  • Low Vacancy Means Fewer Redux Options

    SAN DIEGO—With industrial vacancy getting close to all-time lows, redevelopment opportunities are very hard to come by, Murphy Development’s Andy Irwin tells GlobeSt.com EXCLUSIVELY in this RealShare San Diego preview.

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  • Why Foreclosure Activity Rose in April

    IRVINE, CA—US foreclosure activity rises 3% in April to an 18-month high. A new report from RealtyTrac explores why as well as which markets displayed the highest foreclosure rates in the country.

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  • Bishop Ranch Continues LWP Concept

    SAN RAMON, CA– Sunset Development, in partnership with Moana Restaurant Group, is set to create a fresh dining and culinary hub at the center of 2600, the premier office building in the heart of Bishop Ranch.

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  • Little Italy High-Rise Site Trades

    SAN DIEGO—Lennar Multifamily Communities purchased the site at Ash and Columbia Streets in a deal brokered by Colliers International.

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  • PHX: The Next Data Center Market

    PHOENIX—The Valley is rapidly growing into one of the nation’s tech hubs. GlobeSt.com caught up with Michael Ortiz, associate vice president at Colliers International in Greater Phoenix, to get his take on the evolution of data centers in Metro Phoenix.

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  • Should You Target Investors or End Users?

    MIAMI—When it comes to condos, developers have largely targeted foreign investors with cash to buy. Is that the right play in the current market?

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  • The Metropolis Signs Hotel Indigo

    LOS ANGELES—The $1 billion mixed-use project in Downtown Los Angeles signs Hotel Indigo to serve as the hotel brand for the property’s 350-room, 18-story luxury hotel.

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  • New Leases Bring Patrick Center to Nearly Fully Leased

    FREDERICK, MD—Two recent lease deals totaling approximately 25,000 square feet have raised the occupancy rate at the Patrick Center office building to 95%.

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  • Capital Pros: Get Your Money Now

    LAS VEGAS—A panel of experts convened at ICSC RECON at the Westgate Hotel in Las Vegas to discuss capital markets. The panel was moderated by Kieran Quinn, managing director, Guggenheim Commercial Real Estate Finance, LLC.

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  • Three CRE Deals That Benefit Atlanta Long-Term

    ATLANTA—Attorney William Montgomery points to several major transactions that have helped to generate positive economic development and long-term benefit to the city in this EXCLUSIVE interview.

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  • USAA Picks Up Two Midtown Towers

    NEW YORK CITY—In a joint venture with Waterman Interests, a duo of office buildings known as “the Midtown West Collection” have been purchased in the Times Square South subdistrict.

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  • Houston Retail: Not 'An Explosion'

    HOUSTON--The Houston retail market ended the first quarter with a vacancy rate of 11.3 percent, down from the previous quarter’s rate of 11.6 percent and decreased from the rate one year ago (11.8 percent), according to a report from Savills Studley.

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  • Boston Ups Ante in Gaming Lawsuit

    BOSTON—The City of Boston has filed an amended complaint against the Massachusetts Gaming Commission that seeks to nullify the award of a Category 1 gaming license for the proposed $1.6-billion Wynn Everett casino to be built in the Boston suburb of Everett, MA.

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  • Auction.com Teams with Juwai on Global Reach

    IRVINE, CA and SHANGHAI– The partnership will grant Chinese buyers access to the US real estate auction market, as well as aid both companies in expanding their global reach.

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  • RCA: Maturity Wave Won’t Be a Tsunami

    NEW YORK CITY—More than 97% of the CMBS loans backed by Manhattan properties will see smooth sailing with 2016 and 20167 maturities. For other metro areas, it will be a different story.

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  • For Open-Air Centers, the Money’s in the Middle (Markets)

    LOS ANGELES—The cap rate spreads between prime and major markets have rarely been as wide as they are today for these retail properties, says Spencer Levy at CBRE.

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  • Atlanta Enters Year 2 of Industrial Growth

    ATLANTA—The city is burning. Or at least, the industrial sector is smoking, with 11 million square feet of new construction in the pipeline—much of it spec, says Xceligent analytics director Steve Harriss.

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  • Acquiring Summit Office Building, Normandy Plans $4M Improvements

    SUMMIT, NJ—Normandy Real Estate Partners is planning $4 million of improvements at 25 Deforest Avenue, a three-story, 125,000 square foot office building in Summit, NJ. Normandy acquired the property with MRY Associates. It's a continuation of Normandy’s strategy of acquiring and developing well-located and high-quality assets in downtown Summit.

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  • Anchor Health Opens Outpatient Facility in Chester County, PA

    JENNERSVILLE, PA—Anchor Health Properties has opened Penn Medicine Southern Chester County, a 72,000 sq. ft. healthcare facility anchored by Penn Medicine Chester County Hospital (Penn Medicine) in Jennersville, PA.

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  • Hill Country Resort Unveils Renovations

    BOERNE, TX--Tapatio Springs Hill Country Resort & Spa will unveil multimillion-dollar renovations to its pool and golf course this summer.

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  • Cushman & Wakefield Arranging MetLife HQ Construction Financing

    HANOVER TOWNSHIP, NJ—Less than a month after the groundbreaking, Cushman & Wakefield says its Equity, Debt & Structured Finance group will arrange the construction financing for MetLife Investment’s new global headquarters at 67 Whippany Road in Hanover Township, NJ, a 184,960-square-foot, build-to-suit, class-A office.

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  • UHC To Build OK Community

    DALLAS--University House Communities (UHC), formerly known as Inland American Communities Group, is set to develop a new University House community on the site of the current Bishop’s Landing apartments near the University of Oklahoma.

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  • Alter Group Fills Up Ex-Google Space

    CHICAGO—The Alter Group seems like it has overcome the loss of Google from its 20 W. Kinzie building by signing a 105K lease with WeWork, a global operator of collaborative workspaces.

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  • Illinois Housing Market Swings into Spring

    CHICAGO— The housing recovery continues with solid gains in prices and sales, and experts believe this should continue for at least the next three months.

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