{"id":1004379008,"date":"2019-12-30T08:01:55","date_gmt":"2019-12-30T16:01:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004379008"},"modified":"2020-02-18T09:52:01","modified_gmt":"2020-02-18T17:52:01","slug":"daily-reads-dec-30-2019","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/daily-reads-dec-30-2019\/","title":{"rendered":"DAILY READS: Dec. 30, 2019"},"content":{"rendered":"<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-12-28\/hong-kong-protesters-target-shopping-centers-mainland-chinese\/\" target=\"_blank\" rel=\"nofollow\"><strong><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\" \/>Hong Kong Protesters Target Shopping Centers, Mainland Chinese<\/strong><\/a><\/p>\n<p>&#8220;At least 14 people were detained at a mall in the Sheung Shui district near the Chinese border, government-backed broadcaster RTHK&nbsp;reported. The anti-government protesters singled out mainland Chinese shoppers, who locals blame for shortages after buying up goods to resell in China, driving up prices.&#8221;<br \/>\n<em>\u2014Bloomberg<\/em><\/p>\n<p class=\"single-header-title\"><a href=\"https:\/\/therealdeal.com\/2019\/12\/28\/bidding-war-set-for-1300-acres-of-prime-real-estate-in-south-philadelphia\/\" target=\"_blank\" rel=\"nofollow\"><strong>Bidding War Set for 1,300 Acres of Prime Real Estate in South Philadelphia<\/strong><\/a><\/p>\n<p>&#8220;One interested party, Philadelphia Energy Industries, wants to restart the refinery, produce renewable diesel, and place solar cells on site. That could face opposition from nearby residents, who blame the refinery for elevated levels of asthma and other illnesses in surrounding communities.&#8221;<br \/>\n<em>\u2014The Real Deal<\/em><\/p>\n<p class=\"c-page-title\"><a href=\"https:\/\/boston.curbed.com\/critical-mass-boston-developments\/2019\/12\/27\/21034077\/south-station-tower-boston-hines-project\/\" target=\"_blank\" rel=\"nofollow\"><strong>South Station Tower Advances\u2014Again<\/strong><\/a><\/p>\n<p>&#8220;If the South Station project does advance, one of its towers will stretch to 678 feet\u2014which would place it among Boston\u2019s tallest buildings. For now, though, we\u2019re predicting these 10 will be the city\u2019s tallest by 2025.&#8221;<br \/>\n<em>\u2014Curbed Boston<\/em><\/p>\n<p class=\"fs-headline speakable-headline font-base\"><a href=\"https:\/\/www.forbes.com\/sites\/emanuelemidolo\/2020\/12\/30\/mi6-could-scrap-refurbishment-of-hq-after-loss-of-secret-plans\/#62ac16b1ce87\/\" target=\"_blank\" rel=\"nofollow\"><strong>MI6 Could Scrap Refurbishment of HQ After Loss of Secret Plans<\/strong><\/a><\/p>\n<p>&#8220;The planning documents were created by Balfour Beatty and access to them was supposed to be restricted to a small group of supervisors in charge of the refurbishment.&#8221;<br \/>\n<em>\u2014Forbes<\/em><\/p>\n<p><a href=\"https:\/\/commercialobserver.com\/2019\/12\/rockrose-pulls-in-255m-wells-fargo-loan-for-hudson-yards-area-resi-construction\/\" target=\"_blank\" rel=\"nofollow\"><strong>Rockrose Pulls in $255M Wells Fargo Loan<\/strong> f<strong>or Hudson Yards-Area Resi&nbsp;Construction<\/strong><\/a><\/p>\n<p>&#8220;The San Francisco-based lender originated a $218.7 million building loan and a $36.3 million project loan on Rockrose\u2019s rental project, at <b>555 West 38th Street<\/b>, in a deal that closed a week before Christmas and was filed with the city yesterday. Plans for the building, drawn up by <b>Pelli Clarke Pelli Architects<\/b>, call for a 52-story glass tower at the site, between Tenth and Eleventh Avenues.&#8221;<br \/>\n<em>\u2014Commercial Observer<\/em><\/p>\n<p><strong><a href=\"https:\/\/www.miamiherald.com\/news\/business\/real-estate-news\/article238773598.html\" target=\"_blank\" rel=\"nofollow\">He Donated Olympia Theater to Miami Decades Ago. Now His Family Wants it Back<\/a><\/strong><\/p>\n<div>\n<p>&#8220;Specifically, the lawsuit says Gusman\u2019s deed with the city required that the Miami Parking Authority manage the property, which was built in 1926. When the parking authority gave up management of the theater in 2011, the complaint says, the city violated the deed and thereby gave up its right to maintain ownership.&#8221;<\/p>\n<div><em>\u2014Miami Herald<\/em><\/div>\n<div>&nbsp;<\/div>\n<\/div>\n<div>\n<p class=\"ArticleHeader-headline\"><a href=\"https:\/\/www.cnbc.com\/2019\/12\/27\/homebuilders-careful-to-avoid-repeat-of-2008-marcus-millichap-ceo.html\" target=\"_blank\" rel=\"nofollow\"><strong>Homebuilders, Lenders Are \u2018Being More Conservative\u2019 to Prevent Repeat of 2008: Marcus &amp; Millichap CEO<\/strong><\/a><\/p>\n<p>&#8220;There were about 1.66 million homes on the market at the end of November, which the National Association of Realtors says is the lowest on record for the month. Supply is down 5.7% from the year prior. When low supply meets high demand, prices surge. The median sales price for existing homes came in at $271,300 last month, which is also a record-high reading by the realtors association.&#8221;<br \/>\n<em>\u2014CNBC<\/em><\/p>\n<p tabindex=\"0\"><strong><a href=\"https:\/\/www.msn.com\/en-us\/news\/us\/california-is-booming-why-are-so-many-californians-unhappy\/ar-BBYrvSU\/\" target=\"_blank\" rel=\"nofollow\">California Is Booming. Why Are So Many Californians Unhappy?<\/a><\/strong><\/p>\n<\/div>\n<div>&#8220;California is at a crossroads. The state has a thriving $3 trillion economy with <a href=\"https:\/\/edd.ca.gov\/newsroom\/unemployment-november-2019.html\" target=\"_blank\" rel=\"nofollow\" data-id=\"124\" data-aaib=\"{&quot;i&quot;:124,&quot;p&quot;:115,&quot;n&quot;:&quot;partnerLink&quot;,&quot;y&quot;:24,&quot;o&quot;:9}\">record low unemployment<\/a>, a surplus of well-paying jobs, and several of the world\u2019s most valuable corporations, including Apple, Google and Facebook. Its median household income has grown about 17 percent since 2011, compared with about 10 percent nationally, adjusted for inflation.&#8221;<\/div>\n<div><em>\u2014MSN<\/em><\/div>\n<p>&nbsp;<\/p>\n<div>\n<p class=\"headline\"><strong><a href=\"https:\/\/www.fox26houston.com\/news\/nyc-company-with-local-roots-plans-return-to-houston-real-estate-market\/\" target=\"_blank\" rel=\"nofollow\">Video: NYC Company With Local-Roots Plans Return to Houston Real Estate Market<\/a><\/strong><\/p>\n<p>&#8220;Now, plans for expansion have (Jonathan) Wasserstrum focused on coming home. &#8220;&#8216;With Houston, Dallas, Austin, we have three of the top 10 or 11 markets in the country, all of which have really nice growth and potential going forward,'&#8221; says Wasserstrum, &#8220;&#8216;We think about where we want to plant a flag, going forward: markets like that are really interesting for us.'&#8221;<br \/>\n<em>\u2014Fox26 Houston<\/em><\/p>\n<div class=\"entry-media__content \">\n<div class=\"entry-header penci-entry-header penci-title-\">\n<p class=\"entry-title penci-entry-title\"><strong><a href=\"https:\/\/rew-online.com\/2019\/12\/2019-another-record-year-for-supertalls\/\" target=\"_blank\" rel=\"nofollow\">2019 Another Record Year for Supertalls<\/a><\/strong><\/p>\n<p>&#8220;In its annual Tall Trends Report, the Council on Tall Buildings and Urban Habitat (CTBUH) found that 126 buildings of 656 ft. or greater were completed in 2019, including 26 \u201csupertalls\u201d of at least 984 ft., a new record.&#8221;<br \/>\n<em>\u2014Real Estate Weekly<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\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":1004374673,"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-1004379008","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. 30, 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-dec-30-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DAILY READS: Dec. 30, 2019\" \/>\n<meta property=\"og:description\" content=\"Start your day smarter. 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