Commercial Real Estate News Roundup: 3/18/2014
As recovery reaches well into secondary and tertiary property markets, good news is flowing from cities and towns we haven’t heard much good news from since before the crisis.
- Commercial real estate ‘really strong’ in metro Tulsa, TulsaWorld, March 13, 2014 – The 46th largest US city and Oklahoma’s second largest is enjoying attention of new retail brands and developments.
- Developers talk future of downtown at real estate event, Dayton Business Journal, March 11, 2014 – NAIOP event draws builders turning eyes to Dayton’s downtown business district.
- Health industry bright spot in lagging commercial real estate sector, News-Press, March 15, 2014 – As it turns out, southwest Florida has lots of potential for medical office space development. Linkage between health care demand and Florida’s older population: not exactly shocking.
- Shrinking law firms leave gap in DC real estate market, WashingtonPost, March 11, 2014 – Law firms in the nation’s capital are losing square footage. Article blames economic downturn, but if you’re like me, you know a lot of mainline firm attorneys who telecommute.
- Synergy Investors selling Seaport office property, Boston Business Journal, March 17, 2014 – Paying too much for office buildings leads to some fancy footwork.
- Office towers better than bonds luring global investors, BusinessWeek, March 11, 2014 – Global wealthy starting to prefer office rents over coupon payments for their cash flow.
- SK Foods Group picks Groveport warehouse for processing center, Columbus Business Journal, March 11, 2014 – Half a million square feet, 250 jobs newly committed to keeping the midwest stocked with edibles.
- Randall Park to be transformed into industrial park by developer Lichter, Crain’s Cleveland, March 17, 2014 – When is a shopping center an industrial park? When there’s a buck in it.
- New York’s hot property: retail condos, WSJ, March 16, 2014 – On the island of Manhattan, where average asking rents are in the thousands per square foot, the retail condominium is getting its due.
- Bargain retail lifts US shopping centers as big names stumble, Reuters, March 16, 2014 – There’s still money to be made in saving money, says Reuters’ Rick Wilking.
- Google hunts for space in New York’s Soho for first retail store, Business of Fashion, March 13, 2014 – There isn’t much under the sun in the retail world that can make Apple shake in its Birkenstocks, but a competing retail brand from Google is near the top of the list.
- Wash U’s real-estate czar focuses on partnerships, StLouisToday, March 14, 2014 – The monumental inflation of the secondary education sector is driving plenty of real estate plays on campus.
- Cityscape has multifamily projects underway in 3 states, IndyStar, March 10, 2014 – Indianapolis-based apartment builder gets busier than usual.
- Airbnb is raising the ire of WeHo apartment managers and tenants, Wehoville, March 14, 2014 – In West Hollywood, the rise of AirBnB’s room-rental listing is causing some to cry foul over zoning.
- Developers scramble for bare land to build houses, The Business Journal, March 17, 2014 – Central California’s San Joaquin Valley has absorbed all the false housing starts left fallow by the 2007 bust, says local Business Journal
- Springfield school district sues over land deal, News-Leader, March 17, 2014 – Springfield, MO land deal goes south.
- Land exchange sparks opposition, Great Falls Tribune, March 17, 2014 – Montana’s Big Sky country is host to a Texas-sized land swap. Or is it?