Commercial Real Estate News Roundup for October 19, 2015
Celebrity investor likes Cincinnati mall, be bubble-wary but not bubble-paranoid, troubled Helmut Jahn atrium in Chicago heads to the block, and the recuperative power of Bass Pro Shops. It’s all here in the Commercial Real Estate News Roundup for October 19, 2015
- Is technology hurting CRE’s human connection?, GlobeSt., October 14, 2015 – Newly minted SVP at NAI Capital stresses the human connection in this industry.
- Commercial real estate: percolating, not about to blow, Institutional Investor, October 14, 2015 – Bubble? Maybe, but not just yet, says REIS analyst.
- Iconic London landmarks transformed into high-end hotels, Classic Driver, England, October 15, 2015 – Luxury hotels are where history checks in, at least in London.
- London skyscrapers’ rental price growth outpaces the rest of the world, Evening Standard, England, October 15, 2015 – With adorable tower nicknames like “The Cheesegrater” leading the way, getting a perch above the London fog is pricier than ever.
- Luxury stores suffer in HK, but Chinese brands tap market, CCTV, October 15, 2015 – Hong Kong and its luxury retailers grapple with the Chinese economic slowdown in this video.
- Luxury apartment which boasts Edinburgh Castle as it’s neighbor comes on market, Deadline, October 14, 2015 – More history feeding luxury in the UK, this time in Scotland.
- New Meatpacking tower signs first office lease with real estate firm, Real Estate Weekly, October 15, 2015 – Health and tech corporate HQ now calls NYC’s Meatpacking District home.
- High vacancy rates along Valley freeways keep 20 percent of Phoenix offices empty, Phoenix Business Journal, October 14, 2015 – Midtown and North Phoenix freeways are keeping office tenants away at least for the time being.
- Plaza of the Americas set to trade hands during hot real estate market, Dallas Business Journal, October 13, 2015 – Three-quarter leased office complex in Dallas art district completes the art of the deal.
- Thompson Center to go up for sale, Chicago Sun-Times, October 13, 2015 – Illinois Governor proposes a private end for problem-plagued atrium office design.
- Los Angeles firm buys large Hawaiian warehouse property for $8.7M, Pacific Business News, October 15, 2015 – A fee-simple warehouse plus offices in Oahu’s master-planned city Kapolei changes hands.
- Rexford Industrial acquires industrial property for $8.1 Million, MarketWatch, October 15, 2015 – Industrial REIT grabs a 100% leased single-tenant complex for about $126/sq. ft.
- Phoenix industrial asset changes hands, Commercial Property Executive, October 14, 2015 – Multi-tenant industrial space convenient to Sky Harbor and sporting 23% vacancy finds a buyer.
- Sale of retail center as a sign of strength for Tri-County as Liberty Center growth threatens market, WCPO, October 15, 2015 – California celebrity cash takes Cincinnati mall .
- Chapel Hill Square shopping center gets a new owner prior to auction, Ohio.com, October 14, 2015 – The auctioneer’s schedule rearranged by a juicy offer from a Pittsburgh investor.
- Renaissance at Anchorage’s Glenn Square mall a boost for Mountain View, Alaska Dispatch News, October 13, 2015 – Meanwhile in Alaska, their successful idea of an Anchorage ghost mall renaissance begins with a new Bass Pro Shops store.
- Denver developer building apartments in Kansas City arts district, Denver Business Journal, October 15, 2015 – Yes, Kansas City has a (vibrant) arts district. No, it does not rely on KCs delicious barbecue, nor its red-hot Royals, both state of the art.
- Developers mine suburbs for multifamily projects,GlobeSt., October 13, 2015 – Two-story townhomes ranging in the $250s-$350s are set to break ground 1Q ’16 outside of Plano
- Multifamily prices could stall with interest rate hike, -National Real Estate Investor, October 15, 2015 – Cheap money from low Fed rates needs to flow to keep apartment building prices comfortable.