Commercial Real Estate News Roundup For October 7, 2014

The Congress Center skyscraper in Portland, Or...

Sears creditors get nervous, Nashville plays a new corporate relocation tune, and suds rise in Portland (pictured above) – it’s all here in the Commercial Real Estate News Roundup for October 8, 2014.

General

Downtown L.A. real estate is drawing N.Y. investors’ interest, LA Times, Oct. 5, 2014 – Hollywood may get the glamour, but downtown LA property values are where the county’s hottest performance is found.

Foreign investors said to eye Portland commercial real estate, The Oregonian, Oct. 2, 2014 – International capital patterns tend to reach east-west, but recent deals in Portland, OR have run north-south.

No ‘stupid money,’ ‘sticker shock’ on office leases, conservative retailers: Tampa Bay commercial real estate update, Tampa Bay Business Journal, Sept. 29, 2014 – NAIOP panel of dealers pronounce an end to the boom-bust cycle…for at least a few years.

Commercial brokers say the state can be a tough customer, Sacramento Business Journal, Oct. 2, 2014 –  I always find it odd when a real estate writer suggests that doing business with a huge customer is something best avoided. And who’s a bigger customer than government?

Office

One billion square feet of office space – in the cloud, The Real Deal, Sept. 29, 2014 –  A profile of View The Space, a super-tool for office leasing management out of NYC.

Tight office market could mean new tune for Sheet Music, The Tennessean, Oct. 2, 2014 – Nashville Class A office property pitches itself as a corporate relocation destination.

Upscale office space hardest to find in Tempe, Deer Valley, Arizona Republic, Oct. 5, 2014 – Availability in Class A office getting as dry as the surrounding desert in Tempe, AZ.

COPT eyes office development along Canton waterfront, Baltimore Sun, Oct. 3, 2014 – Conditional on finding tenants, a Baltimore area waterfront developer sees four new office towers.

Chicago’s commercial realty gets lift from new builds, Gulf News, Oct. 6, 2014 – Jones Lang manager watching Chicago touts a 2017 featuring single-digit office vacancies for the first time since the late 90s.

Industrial

Industrial strength: Amazon leads industrial surge in Reno-Sparks real estate, Reno Gazette-Journal, Oct. 1, 2014 – Amaon’s 3PL (third party logistics) are reshaping the industrial market in the “Biggest Little City In The World”.

Ikea, packaging firm lease huge warehouses, Crains Chicago Business, Oct. 2, 2014 – Scandinavian furniture giant puts together major deal as tenant in Chicago. No word if an allen wrench was needed to assemble the lease.

FedEx to distribute from John Young, Orlando Sentinel, Oct. 5, 2014 – FedEx absolutely, positively has to get it there overnight, which means new distribution options in central Florida.

Industrial, commercial leases, rebounding production help Portland’s beer economy overflow, Portland Business Journal, Oct 1, 2014 – Commercial property has a reputation for illiquidity, but some liquids, like beer, go great with commercial leases after all.

Retail

City gas stations dwindle in real estate boom, San Francisco Chronicle, Oct. 6, 2014 – SFGate reports a sharp drop in gas stations in San Fran, spurred by residential market recovery.

Rental Rates at Malls Rise; Vacancy Flat, WSJ, Oct. 2, 2014 – Mall space supply steady while prices rise nationally.

Westfield San Francisco Centre pioneers new mall concept: Bespoke, San Francisco Chronicle, Oct. 4, 2014 – Getting personal with retail offerings is a trend that expresses itself in many ways – and now an entire mall concept.

INSIGHT-Sears: Why the troubled chain’s vendors are worried, Reuters, Oct. 5, 2014 – Creditors eye the legendary retail giant nervously.

Multifamily

Is the Sector Overheating?, Globe St., Oct. 3, 2014 –

Bargains getting scarce for investors in multifamily housing, Sacramento Business Journal, Oct. 3, 2014 – Spreads are closing up in apartment markets, Sacramento reports.

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