Commercial Real Estate News Roundup: February 6 2014
- New York property managers devise survival plans for the next disaster, NYTimes, Jan 28, 2014 – Property managers in the Empire State tackle the problem of disaster preparedness.
- Bullish outlook for Calgary commercial real estate market, Calgary Herald, Feb. 3, 2013 – North of the border, the oil and gas sector is spurring the Calgary property market.
- Real estate giants look to outer boroughs, Crain’s NY, Feb. 2, 2014 – Manhattan development projects becoming Brooklyn and Bronx projects by the inexorable law of space availability.
- Planned Comcast Tech Center raises sights in Philadelphia, NYTimes, Jan. 28, 2014 – Cable TV giant lends name to 59-story Philly technology center. No truth to the rumor that ground will be broken at some time between 8AM and 5PM.
- The health-care law’s real beneficiary, WSJ, Jan. 28, 2014 – When a country insures an additional 30 million of its people, it needs somewhere to deliver the medical care. Are you in the medical office business?
- Industrial vacancy rates shrinking, Press-Enterprise (Riverside CA), Jan. 30, 2014 – Distribution space is taking on a premium in The Golden State.
- Commercial real estate industry targets Minnesota’s warehouse tax, Star-Tribune, Jan. 30, 2014 – With nearly a billion in surplus, tax cuts on industrial property are on the docket in the Minnesota state house.
- SoCal’s Marco Fine Arts goes big on Texas industrial property, LA Business Journal, Jan. 31, 2014 – Big mystery in Austin – what did a Los Angeles art company want with 300K sq. ft. of Texas industrial floor space?
- Union Square retail landlords kissing a few frogs until they find their prince, Real Estate Week, Jan. 29, 2014 – The proposition of retail success near a NYU dorm turns out to not be the no-brainer some might think.
- Year of reckoning for brick and mortar retailers, Forbes, Feb. 3, 2014 – Yet another in a long line of doom and gloom pronouncements for retail. As we’ve seen here before, these tend to get a bit more attention than they’re worth.
- New Study: Almost $4 billion in real estate projects in the works near DART’s rail stations, Dallas Morning News, Jan. 28, 2014 – Tax-supported public infrastructure: just try commercial real estate development without it. Good luck with that.
- Washington apartments remain attractive for national and regional developers, WashingtonPost, Feb. 2, 2014 – Meanwhile in DC, apartment starts proceed apace.
Texas Medical Center (Photo credit: slight clutter)