{"id":1004389307,"date":"2020-02-10T06:31:44","date_gmt":"2020-02-10T14:31:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004389307"},"modified":"2020-02-18T06:40:03","modified_gmt":"2020-02-18T14:40:03","slug":"daily-reads-feb-10-2020","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/daily-reads-feb-10-2020\/","title":{"rendered":"DAILY READS: Feb. 10, 2020"},"content":{"rendered":"<div id=\"attachment_1004389553\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/chinatown-4582511_1920-e1581345319946.jpg\" target=\"_blank\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004389553\" data-attachment-id=\"1004389553\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/daily-reads-feb-10-2020\/chinatown-4582511_1920\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/chinatown-4582511_1920-e1581345319946.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;6.3&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark III&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;50&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.01&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"chinatown-4582511_1920\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Image via Pixabay&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/chinatown-4582511_1920-e1581345319946.jpg?w=800\" class=\"wp-image-1004389553 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/chinatown-4582511_1920-e1581345311742.jpg\" alt=\"\" width=\"300\" height=\"225\"><\/a><p id=\"caption-attachment-1004389553\" class=\"wp-caption-text\"><em>Image via Pixabay<\/em><\/p><\/div>\n<p><strong><a href=\"https:\/\/www.nytimes.com\/2020\/02\/07\/nyregion\/nyc-broker-fees-lawsuit.html\" target=\"_blank\" rel=\"nofollow\">Real Estate Groups to Challenge Ban on Broker Fees for Renters<\/a><\/strong><\/p>\n<p>&#8220;The Real Estate Board, which represents major developers, property owners and brokers in New York City, will be joined in the lawsuit by the New York State Association of Realtors, a statewide organization with nearly 60,000 brokers. In the lawsuit, the groups are expected to accuse the Department of State of failing to follow&nbsp;a state act&nbsp;that spells out how agencies are expected to issue rules and regulations.&#8221;<br \/>\n\u2014<em>New York Times<\/em><\/p>\n<p><a href=\"https:\/\/commercialobserver.com\/2020\/02\/clarion-lincoln-creative-office-la\/\" target=\"_blank\" rel=\"nofollow\"><strong>Clarion, Lincoln Property Add Another Creative Campus in LA<\/strong><\/a><\/p>\n<p>&#8220;The property is fully leased to tenants including&nbsp;Spin Master, MedMen and&nbsp;Prana Studios,and&nbsp;it is also located within a federally designated opportunity zone, giving investors giving investors the chance to defer capital gains taxes.&nbsp;Clarion Partners and Lincoln Property Company both declined to comment. It was sold by&nbsp;Rader Properties Group VII,&nbsp;LLC&nbsp;and Beverly Hills-based&nbsp;Rodeo Properties, LLC, which is tied to&nbsp;Murray S. Pepper, according to property records.&#8221;<br \/>\n<em>\u2014Commercial Observer<\/em><\/p>\n<p><strong><a href=\"https:\/\/www.houstonchronicle.com\/business\/real-estate\/article\/As-energy-sector-contracts-Houston-s-real-15036592.php\/\" target=\"_blank\" rel=\"nofollow\">As Energy Sector Contracts, Houston&#8217;s Real Estate Market Feels the Pinch<\/a><\/strong><\/p>\n<p>&#8220;That all amounts to a harsh reality for landlords carrying empty office space, and there are a lot of them. The vacancy rate for so-called Class A buildings \u2014 the newest properties with the most amenities \u2014 was 17 percent at the end of last year, the highest it\u2019s been since at least 1992.&#8221;<br \/>\n<em>\u2014Houston Chronicle<\/em><\/p>\n<p class=\"fs-headline speakable-headline font-base\"><a href=\"https:\/\/www.forbes.com\/sites\/sanfordstein\/2020\/02\/07\/macys-and-j-c-penney-have-a-real-estate-problem--among-other-things\/#4dc0be7d3849\" target=\"_blank\" rel=\"nofollow\"><strong>Macy\u2019s And J.C. Penney Have A Real Estate Problem \u2013 Among Other Things<\/strong><\/a><\/p>\n<p>&#8220;The facts are inescapable, we have too much retail real estate chasing too few dollars. America has nearly twice the retail space per consumer of Canada, five times that of the UK, and six times that of France. Shopping mall vacancies have hit a 20-year high of 9.7 percent, and that masks the imbalance between the relatively healthy A and B+ properties (representing less than a third of the 1,100 malls) compared to the plethora of B-, C and lesser properties, many of which are on life-support. More on that later.&#8221;<br \/>\n<em>\u2014Forbes<\/em><\/p>\n<p><a href=\"https:\/\/www.bisnow.com\/san-francisco\/news\/commercial-real-estate\/tennessee-based-developer-given-nod-on-huge-north-bay-project-102882\" target=\"_blank\" rel=\"nofollow\"><strong>Huge Vallejo Project Gets Green Light For Developer<\/strong><\/a><\/p>\n<p>&#8220;The Nimitz Group, which includes Tenessee billionaire Gaylon Lawrence Jr., Napa winemaker Dave Phinney and Depiction Wines-owner Sebastian Lane, has chosen Nashville, Tennessee-based Southern Land Co.&nbsp;to lead&nbsp;its massive mixed-use development on&nbsp;Mare Island, it said Wednesday.&#8221;<br \/>\n<em>\u2014Bisnow<\/em><\/p>\n<p><strong><a href=\"https:\/\/www.nreionline.com\/self-storage\/6-trends-affecting-self-storage-development-2020\" target=\"_blank\" rel=\"nofollow\">6 Trends Affecting Self-Storage Development in 2020<\/a><\/strong><\/p>\n<p>&#8220;In recent years, storage developers have been successful by investing in better, more visible locations. In response, cities nationwide have demanded more architectural detail, nicer landscaping, greater lighting control and other design requirements. Some communities have banned self-storage development outright or placed moratoriums on existing applications.&#8221;&nbsp;<br \/>\n<em>\u2014National Real Estate Investor<\/em><\/p>\n<p><strong><a href=\"https:\/\/www.greenbiz.com\/article\/going-green-just-got-easier-class-bc-commercial-buildings\" target=\"_blank\" rel=\"nofollow\">Going Green Just Got Easier for Class B\/C Commercial Buildings<\/a><\/strong><\/p>\n<p>&#8220;Class B\/C office buildings can achieve up to 6 percent higher net operating incomes and $11 per square foot higher property values, but they can\u2019t do it with their hands tied behind their backs.&#8221;<br \/>\n<em>\u2014Greenbiz<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Industry groups to sue over broker fee ban. Energy sector decline impacts Houston real estate market. Bay Area development gets go-ahead. 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":1004389553,"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-1004389307","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: Feb. 10, 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-feb-10-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DAILY READS: Feb. 10, 2020\" \/>\n<meta property=\"og:description\" content=\"Industry groups to sue over broker fee ban. 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