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Commercial Real Estate News

In this section we've added RSS feeds from several commercial property news sources.

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CoStar
Buildings, roads and even playgrounds were flooded in Fayetteville, North Carolina, after Hurricane Florence. Photo credit: Paul Owers, CoStar Group When Hurricane Florence slammed into Wilmington, North Carolina, almost 1 million square feet of commercial real estate was under construction. One storm, no m
The Serendipity Labs in Atlanta offered free work space for evacuees of Hurricane Florence. In the aftermath of Hurricane Florence, coworking facilities, with their plug-and-play capabilities, emerged as a temporary destination for workers with flooded offices and impassible roads in the Carolinas. The providers of shared workspaces hope to make it a permanent arrangement. Some providers, like Serendipity, offered complimentary accommodations...
CoStar aerial survey of Florence damage More than 2,600 buildings spanning almost 30 million square feet of commercial real estate across the Carolinas were under at least a foot of water after Hurricane Florenc
It’s been quite a summer for Emily Mills, a retail broker who got into the business in 2014. She won one of the most sought after cars in America and landed a new job in a new city.In May, Mills, then a broker in Lee & Associates’ Charleston, South Carolina, office, won a Tesla Model S full of cash at the annual ICSC RECon retail real estate convention in Las
Even though Amazon said it wants its second headquarters to be about the same size as its Seattle campus (pictured), some say the company’s drawn-out process may lead to backlash. As online retailer Amazon’s search for a second headquarters location stretches into its second year, impatience and fatigue over the drawn-out process is starting to show. John Boyd, a corporate relocation consultant, said Amazon risks damaging its reputation if the...
      
National Real Estate Investor
      
Wall Street Journal
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.
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.
Germany’s Puma has signed a lease deal to creating a marquee location on Fifth Avenue that will be the first of its kind for the company in North America.
The real estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to buy roughly a 50% stake in 666 Fifth Ave. and invest hundreds of millions of dollars in the Manhattan office tower, which has been at the center of a controversy over possible conflicts of interest involving Jared Kushner, President Donald Trump’s son-in-law and adviser.
Normandy Real Estate Partners’ $133 million deal for the upper portion of ABC Carpet’s flagship store is an example of office space edging into territory that once was retail’s domain.
      
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