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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
Pictured: Miracle Mile Shops, a 475,000-square-foot, 1.2-mile enclosed shopping mall on the Las Vegas Strip. If there is optimism in the retail world these days, it is here in Sin City - and not just because some 37,000 commercial real estate and retail professionals are set to gather for the annual Super Bowl of the industry, the annual convention of the International Council of Shopping Centers known as RECon. It is because Las Vegas is one...
CoStar analysts are tracking a little-considered data point that could suggest trouble on the horizon for commercial real estate. Owners of commercial real estate are carrying interest-only loans at a higher rate than they did right before the last recession. However, leverage levels on debt remain nowhere near the danger levels of 2007. But the preponderance of interest-only loans means owners could see increases in monthly debt payments right...
LONDON--What once seemed merely takeover rumors has now given way to an apparent bidding war: London-based International Workspace Group, formerly known as Regus, disclosed last Friday that it had received separate takeover proposals from private equity groups Lone Star, Starwood Capital and TDR Capital. IWG said there was no certainty any final bid would be forthcoming and that its board was evaluating the possible interest with its financial...
Pictured: Riverwalk, Confluence Cos.' $60 million mixed-use project currently under construction in downtown Castle Rock.The town that has long been a stop between Denver and Colorado Springs, CO for outlet shopping has become a development destination in its own right, with new projects of all kinds adding up to
Recent acquisitions by San Diego-based Retail Opportunity Investments Corp. include the King City Plaza shopping center in Oregon, which the company said is under contract for $15.6 million. Amid the assault from Amazon.com, continued chain-store closures and heightened consolidation among major shopping center owners, three San Diego-headquartered real estate investment trusts appear to be surviving a turbulent retail climate by sticking with tried...
      
National Real Estate Investor
Shopping malls, according to a Marriott release, “are increasingly becoming ideal hotel destinations, offering consumers amenities steps from their room and providing both companies a powerful combination that optimizes real estate values.”
Brookfield Property Partners is in negotiations to buy a stake in Kushner Cos.’ 666 Fifth Avenue, reports Reuters. BJ’s Wholesale Club is about to become a publicly-traded company, according to MarketWatch. These are among today’s must reads from around the commercial real estate industry.
Last year the event drew in 37,000 industry insiders, and ICSC expects a similar number of attendees in 2018.
Lower-quality malls in markets with smaller populations and lower incomes will continue to close—a trend that is underway today, says Suzanne Mulvee, director of research at CoStar.
The financing is designed to support the company’s growth in both Canada and the U.S.
      
Wall Street Journal
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.
When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago.
After a two-year plunge, brokers are optimistic that more deals will take place in 2018.
      
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