{"id":1004375846,"date":"2019-12-13T07:28:55","date_gmt":"2019-12-13T15:28:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004375846"},"modified":"2020-02-18T10:17:43","modified_gmt":"2020-02-18T18:17:43","slug":"daily-reads-december-13-2019","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/daily-reads-december-13-2019\/","title":{"rendered":"DAILY READS: Dec. 13, 2019"},"content":{"rendered":"<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/media-post.jpg\/\" target=\"_blank\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004374673\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/daily-reads-dec-10-2019\/media-post-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/media-post.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"media post\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/media-post.jpg?w=800\" class=\"alignright wp-image-1004374673 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/media-post.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/media-post.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/media-post.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/media-post.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><strong><a href=\"https:\/\/www.bisnow.com\/london\/news\/capital-markets\/waiting-for-the-investment-surge-uk-real-estate-after-the-election-102219\/\" target=\"_blank\" rel=\"nofollow\">Boris Johnson&#8217;s UK Election Win: Investment Surge Predicted For UK Real Estate As Brexit Drama Recedes (For Now)<\/a><\/strong><\/p>\n<p>\u201cFinancial markets are euphoric about the victory of the pro-business Conservative Party and an end to the first phase of the UK&#8217;s Brexit drama. Investors and advisors predicted this election result will mark the beginning of a UK investment surge, as both international capital and domestic money kept pent up by uncertainty about Brexit now chases UK yields and property market liquidity.\u201d<\/p>\n<p><em>\u2014Bisnow<\/em><\/p>\n<p><strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-12-13\/pablo-escobar-s-tulum-spread-gets-new-life-as-100-million-hotel?srnd=realestate\/\" target=\"_blank\" rel=\"nofollow\">Pablo Escobar\u2019s Tulum Spread Gets New Life as&nbsp;$100 Million&nbsp;Hotel<\/a><\/strong><\/p>\n<p>&#8220;Not all travelers will see a link to a brutal gangster as a selling point, but the Escobar connection may be fitting in Tulum, an often-Instagrammed favorite among the New York party crowd.&#8221;<\/p>\n<p><em>\u2014Bloomberg<\/em><\/p>\n<p><strong><a href=\"https:\/\/la.curbed.com\/2019\/12\/11\/21010147\/los-angeles-affordable-housing-city-land-wesson\/\" target=\"_blank\" rel=\"nofollow\">LA Requiring Developers to Put Affordable Housing on City-Owned Land<\/a><\/strong><\/p>\n<p>&#8220;Under the rule, new residential buildings will have to be 100 percent affordable unless the council determines a developer could provide a higher number of affordable units by adding in some other mix of housing, including market-rate.&#8221;<\/p>\n<p><em>\u2014Curbed Los Angeles<\/em><\/p>\n<p><strong><a href=\"https:\/\/www.chron.com\/business\/real-estate\/article\/WeWork-grows-in-Houston-despite-troubles-in-14849683.php\/ target=\"_blank\" rel=\"nofollow\"\">WeWork Grows in Houston Despite Troubles in Corporate Office<\/a><\/strong><\/p>\n<p>&#8220;&#8216;We are eager to see their space filled with Houston\u2019s cutting-edge businesses,'&#8221; Philip Croker, senior managing director, said in the announcement. &#8220;&#8216;We know WeWork in Houston is strong and look forward to our partnership growing in the years to come.'&#8221;<\/p>\n<p><em>\u2014Houston Chronicle<\/em><\/p>\n<p><strong><a href=\"https:\/\/therealdeal.com\/2019\/12\/13\/midtown-has-linkedin-to-thank-for-its-latest-office-leasing-bump\/\" target=\"_blank\" rel=\"nofollow\">Midtown Has LinkedIn to Thank for its Latest Office Leasing Bump<\/a><\/strong><\/p>\n<p>\u201cMidtown saw an all-year high of 2.02 million square feet in office leases inked in October \u2014 up 87 percent from the month before and up 44 percent year-over-year. The availability rate stayed flat at 11.5 percent, while the average asking rent fell from a record high to $88.93. The largest deal in Midtown and citywide went to LinkedIn, which renewed and expanded in a 501,409-square-foot deal at the Empire State Building.\u201d<\/p>\n<p><em>\u2014The Real Deal<\/em><\/p>\n<p><strong><a href=\"https:\/\/www.nreionline.com\/lending\/it-possible-get-construction-financing-retail-today-s-environment\/\" target=\"_blank\" rel=\"nofollow\">Is it Possible to Get Construction Financing for Retail in Today\u2019s Environment?<\/a><\/strong><\/p>\n<p>&#8220;&#8216;What kind of reputation do they have in the retail market? Because in today\u2019s environment, the sponsors that are getting deals done have very strong track records and tenant relationships,'&#8221; says&nbsp;Sunny Sajnani, a principal and director at Metropolitan Capital Advisors (MCA), a commercial real estate finance intermediary.&#8221;<\/p>\n<p><em>\u2014National Real Estate Investor<\/em><\/p>\n<p><strong><a href=\"https:\/\/www.citylab.com\/design\/2019\/12\/migratory-bird-conservation-safe-window-design-architecture\/603394\/\" target=\"_blank\" rel=\"nofollow\">New York City Will Require Bird-Friendly Glass on Buildings<\/a><\/strong><\/p>\n<p>&#8220;Some 600 million birds die each year across the continent after crashing into glass surfaces, according to a recent study by the American Bird Conservancy. Those passing through New York City are likely flying along the migratory pathway known as the Atlantic Flyway.&#8221;<\/p>\n<p><em>\u2014CityLab<\/em><\/p>\n<p><strong><a href=\"https:\/\/commercialobserver.com\/2019\/12\/ghost-kitchens-are-reshaping-the-restaurant-industry-is-that-a-good-thing\/\" target=\"_blank\" rel=\"nofollow\">Ghost Kitchens Are Reshaping the Restaurant Industry. Is That a Good Thing?<\/a><\/strong><\/p>\n<p>\u201cThe emergence of ghost kitchens like Zuul is a response to the breakneck growth materializing in food delivery. Online food delivery sales reached $34 billion in 2018, up 13 percent from the previous year, according to a report from CBRE. That\u2019s expected to reach $62 billion by 2022, out of a total $77 billion delivery market, according to research from William Blair.\u201d<\/p>\n<p><em>\u2014Commercial Observer<\/em><\/p>\n<p><strong><a href=\"https:\/\/www.fastcompany.com\/90440874\/this-new-brooklyn-park-is-designed-to-thrive-as-sea-levels-rise\/\" target=\"_blank\" rel=\"nofollow\">This New Coastal Brooklyn Park is Designed to Thrive as Sea Levels Rise<\/a><\/strong><\/p>\n<p>\u201cWe wanted to make a park that really changed the way that New Yorkers interacted with the river,\u201d says Jed Walentas, a principal of Two Trees, the developer that plans to redesign the site, which was once used to store oil tanks for Con Edison, the local utility. Two Trees closed on the deal to buy the site this week.\u201d<\/p>\n<p><em>\u2014Fast Company<\/em><\/p>\n<p><strong><a href=\"https:\/\/www.hospitalitynet.org\/announcement\/41004222\/cambria-hotel-anaheim-resort-area.html\" target=\"_blank\" rel=\"nofollow\">Cambria&#8217;s 50th And Largest Hotel Opens in Anaheim, California<\/a><\/strong><\/p>\n<p>\u201cCambria Hotels, an upscale brand franchised by Choice Hotels International, Inc. (NYSE: CHH), welcomes the 50th and largest property to the brand in Anaheim, California. The 12-story, 352-room Cambria Hotel &amp; Suites Anaheim Resort Area sets a new record as the brand&#8217;s 11th location to open this year and is the latest sign of success in Choice Hotels&#8217; upscale expansion strategy.\u201d<\/p>\n<p><em>\u2014Hospitality Net<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Start your day smarter. Commercial Property Executive now delivers a daily batch of other critical content for you to read, listen to and watch.<\/p>\n","protected":false},"author":1269,"featured_media":1004375894,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004375846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>DAILY READS: Dec. 13, 2019 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/daily-reads-december-13-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DAILY READS: Dec. 13, 2019\" \/>\n<meta property=\"og:description\" content=\"Start your day smarter. 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