Commercial Real Estate News Roundup: May 29 2014
A big box’s real estate head retires, a venerable brokerage firm experiments with Google-ifying its own office layout, Blackstone still loves being a landlord, and lower Manhattan’s retail scene evolves. It’s all here in the Commercial Real Estate News Roundup for May 29, 2014.
- Brokers see benefit of auction process, NREI, May 20, 2014 – The online auctioning of commercial real estate doesn’t mean the broker’s role is irrelevant — far from it.
- Remaking the commercial real estate office, Sacramento Bee, May 27, 2014 – CBRE tests out a whole new millennial workplace layout philosophy.
- Maine’s real estate market expected to keep growing, Portland Press Herald, May 21, 2014 – Down east, the commercial real estate market is anything but down.
- Office rents cut at One World Trade, WSJ, May 27, 2014 – One WTC faces rent cuts while Larry Silverstein wants to get going on building the additional towers.
- Miami-Dade office vacancies fall, rents rise, Miami Herald, May 20, 2014 – Vacancies and unemployment are falling in Miami, and the seesaw means rents are on the rise.
- Retail’s online revolution boosting industrial real estate, Cincinnati Enquirer, May 24, 2014 – Withonline sales predicted to hit nearly $300 billion this year, logistics and warehousing are making hot markets out of out-of-the-way regions.
- Anne Arundel warehouse occupied by Under Armour sells for $26.5 million, Baltimore Sun, May 23, 2014 – Meanwhile in Baltimore, a $27M warehouse deal goes down.
- San Leandro warehouse deal reflects industrial market frenzy, San Francisco Business Journal, May 22, 2014 – Proving the old maxim that if you need space for people, space for stuff follows, San Francisco isn’t locked out of the industrial property groundswell.
- Target real estate chief to retire, Star-Tribune, May 21, 2014 – The executive shakeup at Target continues as John Griffith heads for the door.
- Retail real estate roars back, Minneapolis Star-Tribune, May 22, 2014 – With regional malls leading the way, Minnesota’s commercial property fortunes are looking bright.
- Lower Manhattan will undergo a retail revival, NYT, May 20, 2014 – Shopping below Chambers street is settling into a fully 21st-century pattern of growth – but will brokerage turf wars get in the way?
- As rents go sky-high, so do multifamily sales prices, SFGate, May 23, 2014 – Don’t look at the median apartment rent figure for San Francisco until you’ve fully swallowed your coffee.
- Cities need to adapt as senior citizens’ housing needs change, Washington Post, May 23, 2014 – Where does zoning fit into the greying of the United States?
- Blackstone hunts for apartments in latest rental foray, BusinessWeek, May 22, 2014 – The largest single landlord of single-family houses makes an(other) apartment building play.