Commercial Real Estate News Roundup for May 7, 2014
Entrepreneurs invent a self-storage solution that comes to you, five-year market peaks , international tenant representation comes to the nation’s capital,
- Three reasons why the Savills-Studley deal is a game-changer for D.C.’s real estate market, Washington Business Journal, May 1, 2014 – The tenant rep game in Washington, D.C. probably won’t look the same after a major deal unites two firms.
- Commercial properties filling up, South Jersey real estate agents say, Press of Atlantic City, May 4, 2014 – While new construction hasn’t moved the needle, the supply of commercial footage in and around the southern stretch of the Garden State is at a five-year low.
- Triangle’s commercial real estate industry riding 5-year highs, Triangle Business Journal, May 1, 2014 – Office vacancy rates in the Raleigh-Durham area are shrugging off the disaster of 2008, at long last.
- Dallas courting Charles Schwab after winning Toyota, San Francisco Business Journal, May 2, 2014 – SF-based discount broker eyes Texas for a shift in operations not to include its HQ.
- Boeing lease big chunk of Bothell office space, Seattle Times, April 30, 2014 – The avionics giant inks an office lease deal for almost 300K sq. ft to house its engineering team,
- E-commerce driving industrial property in Salt Lake County, Salt Lake Tribune, May 2, 2014 – Agents in SLC are setting records by putting roofs over e-commerce operations.
- Shale boom strains local real estate market, Pittsburgh Post-Gazette, April 29, 2014 – There’s gas in them thar hills, and there’s not enough industrial space in Pennsylvania to support its fracking-based petro-boom.
- Minneapolis-based real estate investment group purchases nine NE Ohio industrial properties for $43 m, Crain’s Cleveland Business, May 5, 2014 – A portfolio of mainly specialty manufacturing properties exchange hands, outsource-proofing lauded. Can’t help but wonder about the numbers, though: as the story’s written, the deal looks like it sold at a loss.
- A NY-based ‘reverse Amazon’ could blow up the self-storage industry, Albany Business Review, May 5, 2014 – MakeSpace has a pretty neat idea: you use their app, they show up to your place to drop off standard-sized storage bins, you fill them with your extra stuff, they come to pick up and warehouse the bins.
- Internet changes retail/real estate relationship, Denverijournal, April 29, 2014 – Home Depot getting shy about brick and mortar and bullish on internet orders portends massive change, intones observer.
- Winick brings Times Square retail to market, Real Estate Week, May 1, 2014 – Congrats to Winick Realty Group for landing the glitziest broker deal on Broadway.
- Canadians ride downtown LA’s real estate wave, The Globe & Mail, May 5, 2014 – Adaptive reuse of downtown LA office buildings has attracted money of a colorful hue from north of the border.
- Uptown Park secures developer for multifamily portion of $1B redevelopment, Houston Business Journal, April 30, 2014 – 252 units of luxury apartments are headed to Houston.
- Projects like 220 Riverside leading return of commercial real estate, Jacksonville Daily Record, April 29, 2014 – Learn about a Jacksonville developer’s modern play in apartment development.
- Nashville apartment record hits $95M for Elliston 23, The Tennessean, April 29, 2014 – The Nashville apartment development scene greets over 300 new units priced north of a quarter mil a pop.