Commercial Real Estate News Roundup for Nov. 2, 2015
A whole different kind of treehouse, Chinese mall boom might be hot air, Denver’s latest business success needs more space, and matzo-making building may crumble under a new plan. It’s all here in the Commercial Real Estate News Roundup for November 2, 2015.
- Milwaukee Post Office Sells To Chicago Developers – Journal-Sentinel, Nov. 1, 2015 – 1.1 million sq. ft. facility beautifully located on Amtrak, river, and thoroughfare.
- Tesla Batteries To Power California Office Buildings – Fortune, Nov. 1, 2015 – Irvine RE developer and disruptive technology provider get together on a new power project.
- P&G Former Office Gets Second Look At Hotel Deal – Bizjournals, Nov 1, 2015 – Prime downtown Cincinnati location gets one more shot at adaptive reuse.
- New life for former Motorola Office Park in Palm Beach County – SunSentinel, Nov 1, 2015 – Former beeper and phone giant leases a third of 850K SF office complex giving a home to a new retail mission.
- If China’s Consuming, Why Are Its Malls Closing? Reuters, Oct. 30, 2015 – Bad management, online competition and distorted sales figures are adding up to some grim mall outcomes in China.
- WTC Retail Space Fully Leased – DNAInfo, Oct. 30, 2015 – 125 shops and 365K sq. ft. of retail due to open in 2016 – 90K more coming.
- Denver’s Cannabis Industry Needs More Warehouse Product – Denver Post, Nov 1, 2015 – Two years into legalization, commercialization is going strong.
- Matzoh Factory Braces For Rehab – DNAInfo.com, Nov 1, 2015 – For 90 years, Streit’s Matzoh building made unleavened bread, but new owners see retail future.
- Chicago developer has shot at Emmy award – Crains, Oct. 27, 2015 – Chicago developer of upcoming south side lakefront project finds himself featured in potentially award-winning documentary.
- Tech Company Rents New Digs in Manhattan – New York Times, Nov 1, 2015 – $56 SF six year ease puts data services company on whole seventh floor.
- Twin Towers Sport Vertical Forest – Dezeen, Nov. 1. 2015 – Italian high-density residential project sports 900 trees, marries forest and furniture.
- Apartment Developer Closes On Land East of Houston – Houston Business Journal, Oct. 30, 2015 – 300 units planned in a garden-style project.