The liability lurking in the non-industrial building environment, the Albuquerque office market breaks bad, and what happens when tech turns to spec. It’s all here in the Commercial Real Estate News Roundup for July 22, 2104
Online auctions boosting Detroit commercial real estate, Detroit Free Press, July 20, 2014: Wherein Motor City’s grandest, farthest-fallen properties find buyers using online auctions.
Commercial property owners: Be aware of potential environmental liability, Business in Savannah, July 14, 2014 – Industrial properties are where all the environmental hazards and liabilities tend to pop up, right? Wrong.
CBRE Group is profiting from consolidation among office space firms, Chicago Tribune, July 20, 2014 – The days when multinational corporations run their own real estate departments may be coming to a close — especially if CBRE has anything to say about it.
Office tenants in grey area when it comes to green certification, Real Estate Weekly, July 17, 2014 – The truth is, landlords and tenants interests are only partially defined in leases: when adding LEED and other green certs to the mix, things get even murkier.
Manhattan Office Building Values Near Precrash Peak, WSJ, July 20, 2014 – The Big Apple returns to its precrash office bigness.
Office market vacancies leap higher in Q2, Albuquerque Journal, July 21, 2014 – In the city called Duke, sun belt office vacancies are on the rise.
Largest speculative industrial development in 15 years rising near Milpitas-Fremont border, San Jose Mercury News, July 17, 2014 – Is the big story in NoCal moving from high tech to industrial spec?
Austin industrial market slumps but interesting developments abound, Austin Business Journal, July 14, 2014 – Dell Computer skedaddles before Austin scrambles to fill the hole left behind.
Demand Growing for E-Commerce Warehouses, CIO Today, July 201, 2014 – The 3PL (third party logistics) craze continues to sweep national industrial property markets, tied to the rocket that is e-commerce.
Northeast Ohio shopping center market is booming, Crains Cleveland Business, July 20, 2014 – Meanwhile in the Buckeye state, retail recovery abounds.
Retail, apartments and hotel proposed for East Baltimore’s Pemco site, but city officials skeptical of plan, Baltimore Business Journal, July 18, 2014 – Baltimore civic leaders look askance at a Pemco development plan. But what’s theirs?
City meets with retail coach, Plainview (TX) Herald, July 17, 2014 – The thought of a “retail coach” brings to mind whistles and yelling. But Plainview Texas and its retail market are getting something else entirely.
Restaurants wrestle with rising rents, National Restaurant News, July 18, 2014