Disrupting the taxicab industry is a job that needs more elbow room, the rise of the “dirt REIT”, and Phoenix, AZ (pictured above) rises from the ashes like a…well, like a Phoenix. It’s all here in the Commercial Real Estate News Roundup for September 10, 2014
Some Retirement Plans Include Private Commercial-Property Funds, WSJ, Sept. 5, 2014 – The 401(k) industry is learning that commercial real estate is an earner when equities don’t quite meet expectations.
Brokering New Ground in California Commercial Property, WSJ, Sept. 2, 2014 – The double-commission comes under scrutiny in the Golden State legislature.
Conshohocken, Pa., an Old Steel Town, Now an Office Hub, New York Times, Sept. 2, 2014 – Renovation, restoration and new vision in Pennsylvania’s steel country leads to a white-collar boom.
Prominent L.A. developer to build unconventional office at Playa Vista, LA Times, Aug. 28, 2014 – A major shaper of the downtown Los Angeles skyline returns to the development world, plans in hand.
Uber has already outgrown its brand new offices, SF Chronicle, Sept. 4, 2014 – Taxi-industry-demolishing web application’s home offices grow too fast for their floorspace. No word if Uber drivers will haul any packed-up boxes on moving day.
Silicon Valley Offices Are Stunningly Pricey, Just Like the Workers Inside, Wired, Sept. 3, 2014 – “You have to spend money to make money,” observes everybody who ever made money. Coincidentally, spending money is a great way to lose money, but few in Silicon Valley would admit it.
Shovels are turning for Twin Cities industrial projects, Minneapolis Star-Tribune, Sept. 6, 2014 – Twin Cities Metro area enjoying an industrial resurgence as projects aim to fill in the space between the 10,000 lakes.
Tesla: Envisioning the impacts on life in Nevada, Reno Gazette Journal, Sept. 6, 2014 – Big doings promised in the desert, as a 5 million square foot battery factory is planned by Tesla Motors.
Looking for retail, office space in downtown Mobile? Try this new tool, Alabama.com, Aug. 26, 2014 – Handy snapshot of retail space opportunities in downtown Mobile, AL.
SouthCoast malls adapt to fend off e-commerce giants, South Coast Today, Sept. 7, 2014 – Physical shoppers: they exist, they spend money, they prefer laying hands on product and they’re not all over 30. Take heart, retail sector.
Retail vacancies at five-year low, North Jersey.com, Sept. 2, 2014 – Absorption in the Garden State has driven vacancies down.
What slowdown? Phoenix, Valley cities considering a number of real estate projects, Phoenix Business Journal, Sept. 2, 2014 – The jewel in the desert, so recently marked by bustout residential developments, has picked up steam in the multifamily sector. Booms and busts come and go, but demand remains.
Many in Seattle are taking a stand against rise of micro-apartments, Seattle Times, Aug. 28, 2014 – Dorm-style housing is enjoying a boom in Seattle, but are residents happy with what comes attached?
Time to Buy the Farm? WSJ, Sept. 7, 2014 – Ladies and gentlemen, presenting dirt REITs.
Virginia farm real estate value increases, Hampton Roads Pilot, Sept. 2, 2014 – Tobacco and other cash crops are driving prices skyward in Virginia.