{"id":1004386682,"date":"2020-01-31T06:21:32","date_gmt":"2020-01-31T14:21:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004386682"},"modified":"2020-02-18T07:06:18","modified_gmt":"2020-02-18T15:06:18","slug":"daily-reads-jan-31-2020","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/daily-reads-jan-31-2020\/","title":{"rendered":"DAILY READS: Jan. 31, 2020"},"content":{"rendered":"<p><strong><a href=\"https:\/\/www.bisnow.com\/atlanta\/news\/office\/hines-mystery-tenant-takes-another-floor-at-t3-102767\/\" target=\"_blank\" rel=\"nofollow\">Hines&#8217; Mystery Tenant at T3 West Midtown Grows to 90K SF<\/a><\/strong><\/p>\n<p>&#8220;Cincinnati-based architectural firm BHDP filed permits with Atlanta to&nbsp;construct the&nbsp;interior of the fourth floor of T3 West Midtown, a 203K SF, seven-story creative office building at 17th and State streets, for a tenant known only as Project Northstar.&#8221;<br \/>\n<em>\u2014Bisnow Atlanta<\/em><\/p>\n<p class=\"header-title\"><strong><a href=\"https:\/\/www.houstonchronicle.com\/business\/real-estate\/article\/Stalled-downtown-apartment-project-to-resume-15018116.php\/\" target=\"_blank\" rel=\"nofollow\">Stalled Downtown Apartment Project to Resume Construction<\/a><\/strong><\/p>\n<p>&#8220;Sovereign Properties will resume construction on a mid-rise apartment project near Minute Maid Park in downtown Houston after securing new financing.&#8221;<br \/>\n<em>\u2014Houston Chronicle<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004387039\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/daily-reads-jan-31-2020\/california-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/California.jpg\" data-orig-size=\"814,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.2&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;SM-G900P&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1500925044&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4.8&quot;,&quot;iso&quot;:&quot;40&quot;,&quot;shutter_speed&quot;:&quot;0.0020491803278689&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"California\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/California.jpg?w=814\" class=\"size-medium wp-image-1004387039 alignright\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/California.jpg\" alt=\"\" width=\"300\" height=\"229\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/California.jpg 814w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/California.jpg?resize=300,229 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/California.jpg?resize=768,585 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><a href=\"https:\/\/www.citylab.com\/equity\/2020\/01\/california-sb50-vote-affordable-housing-zoning-law-transit\/605767\/\" target=\"_blank\" rel=\"nofollow\"><strong>California\u2019s Controversial SB50 Upzoning Bill Stalls in State Senate<\/strong><\/a><\/p>\n<p>\u201cA controversial bill promoting higher-density housing near transit stops was defeated in a vote by California\u2019s state senate on Thursday. State Bill 50\u2014whose multi-year journey through the state\u2019s lawmaking machinery has been closely watched by housing and transit advocates nationwide\u2014fell three votes short of heading to the desk of Governor Gavin Newsom.\u201d<br \/>\n<em>\u2014CityLab<\/em><\/p>\n<p><a href=\"https:\/\/www.forbes.com\/sites\/forbesrealestatecouncil\/2020\/01\/30\/where-to-find-investors-for-opportunity-zone-deals\/#4207401557a2\/\" target=\"_blank\" rel=\"nofollow\"><strong>Where to Find Investors For Opportunity Zone Deals<\/strong><\/a>&nbsp;<\/p>\n<p>\u201cAs we continue down the path of successfully raising capital for our opportunity zone deals, we often discover new resources to help achieve our goals.\u201d<br \/>\n<em>\u2014Forbes&nbsp;<\/em><\/p>\n<p><strong><a href=\"https:\/\/www.mpamag.com\/commercial\/steady-as-it-goes-for-the-commercial-real-estate-industry-211896.aspx\/\" target=\"_blank\" rel=\"nofollow\">Steady as it Goes for the Commercial Real Estate Industry<\/a><\/strong><\/p>\n<p>&#8220;The&nbsp;commercial real estate market&nbsp;is looking cautiously optimistic this year, with medical office and industrial activity pulling the weight, while traditional office space flattens.&#8221;<br \/>\n<em>\u2014Mortgage Professional America<\/em><\/p>\n<p><strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-01-30\/berlin-rent-freeze-clears-final-hurdle-with-parliament-approval?srnd=realestate\/\" target=\"_blank\" rel=\"nofollow\">Berlin Adopts Five-Year Freeze to Rein In Soaring Rents <\/a><\/strong><\/p>\n<p>\u201cBerlin\u2019s plan to rein in the city\u2019s rental market was approved by lawmakers, capping revenue for property owners and potentially driving investors away from the German capital. Shares in major landlords slumped.\u201d<br \/>\n<em>\u2014Bloomberg<\/em><\/p>\n<p><strong><a href=\"https:\/\/commercialobserver.com\/2020\/01\/westchester-cmbs-refi\/\" target=\"_blank\" rel=\"nofollow\">Westchester Mall Reels in $400M CMBS Refi From Credit Suisse<\/a><\/strong><\/p>\n<p>The latest to lock in a big refinancing is&nbsp;The Westchester, an 814,000-square-foot shopping center in White Plains, N.Y., about 10 miles north of Manhattan. Its owners,Simon Property Group&nbsp;and&nbsp;Institutional Mall Investors, have just picked up a $400 million refinancing from&nbsp;Credit Suisse, and will pay 3.25 percent interest on the 10-year securitized debt according to&nbsp;Fitch Rating<b>s<\/b>, which analyzed the CMBS deal.<br \/>\n<em>\u2014Commercial Observer<\/em><\/p>\n<p><strong><a href=\"https:\/\/boston.curbed.com\/boston-development\/2020\/1\/28\/21083307\/co-living-boston-allston-south-end\/\" target=\"_blank\" rel=\"nofollow\">Co-Living Project in Allston Advances<\/a><\/strong><\/p>\n<p>&#8220;The Boston Planning and Development Agency in late January signed off on the construction of a 278-bedroom, 80-unit co-living project at 525 Lincoln Street. Dubbed Common Allbright, the project from Arx Urban and Boylston Properties would replace&nbsp;yet another surface parking lot in Boston&nbsp;with a six-story building.&#8221;<br \/>\n<em>\u2014Curbed Boston<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Upzoning bill stalls in California. Hines &#8216;mystery tenant&#8217; expands. New financing revives Downtown Atlanta apartment project. Here&#8217;s a batch of other critical content for you to read, listen to or watch.<\/p>\n","protected":false},"author":1269,"featured_media":1004387039,"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-1004386682","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: Jan. 31, 2020 - 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-jan-31-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DAILY READS: Jan. 31, 2020\" \/>\n<meta property=\"og:description\" content=\"Upzoning bill stalls in California. 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