Commercial Real Estate News Roundup For June 1, 2015
Auto manufacturing continues to move back to the U.S., subleasing is all the rage and don’t forget the baby boomers. It’s all here at the Commercial Real Estate national news Roundup for June 1. 2015
- Charleston’s commercial real estate market ‘on fire’, The Post and Courier, May 23, 2015 – Vacant commercial space is almost nonexistant with industrial, office and retail’s vacancy rate below 10 percent.
- RECon Special Report: Insiders Share Coast-to-Coast Insights, Commercial Property Executive, May 22, 2015 – 35,000 real estate professionals participated in educational sessions, social events and even some dealmaking at this year’s ReCon without ever leaving the Las Vegas strip.
- Sub-leases in favour as office prices surge, Independent.IE, May 28, 2015 – 1.4 million square feet of prime office space is available for sublease in San Francisco. Could a downturn be on the way?
- Liberty Mutual’s 2 towers a ‘statement’ piece for $2B Legacy West project, Dallas Business Journal, May 26, 2015 – Boston-based Liberty Mutual makes a huge commitment to the greater Dallas area by building two of the tallest towers in the area to add accommodations for 5000 new employees, 4600 parking spaces and more in Plano.
- Value of South Seattle industrial property soars 147% in a decade, Puget Sound Business Journal, May 29, 2015 – $24 million dollar price tag for land to build the second two-story distribution center in the U.S.
- Massive mixed-use underway on former Exxon Chemical site, Houston Business Journal, May 28, 2015 -What does a billion dollars get you in today’s market? Five office buildings, two full-size hotels, 800 apartment units, 100,000 square feet of retail and much more.
- Mexico, U.S. Industrial Markets Benefit from Automotive Reshoring, World Property Journal, May 15, 2015 – South Carolina has offered incentives to aid in successfully enticing three auto manufactures back to its shores from Asia affecting the price and availability of industrial property in the region.
- New Whole Foods Concept Joins Crowded Grocery Sector, National RE Investor, May 28, 2015 – Whole Foods persues the Milennial market with a new value-added concept store.
- Meet The Real Estate Experts Helping Reshape Retail, Booming Or Bankrupt, Forbes, May 27, 2015 – Through twenty years and $6 billion in renegotiated leases A & G Realty’s talent for reshaping retail still shines.
- Retailers Struggle To Find Balance Between Expanding Online or Opening More Stores, CoStar, May 27, 2015 – Retailers are spending an enormous amount of resources to expand their omnichannel sales capabilities to reach more customers.
- New Mexico apartment managers shouldn’t forget the baby boomers, experts say, Albuquerque Business First, May 27, 2015 – Reasonably priced markets are attracting active retirees in record numbers.
- Multifamily Construction Costs Fall, Labor Costs Rise, National RE Investor, May 26, 2015 – Labor shortage of capable construction workers puts a squeeze on development.