Commercial Real Estate

  • One of the world’s largest real-estate asset managers has purchased a 49% stake in three malls in a deal that values them at more than $1 billion and shows that investors still have an appetite for top-tier retail property.
    Created: 8/27/2018 4:35:44 PM
  • A dominant presence in Midtown Manhattan for decades before its closure in 2015, the toy store is coming to life again with a new, 20,000-square-foot Rockefeller Center location.
    Created: 8/27/2018 3:52:52 PM
  • S’well Bottle, a maker of reusable beverage bottles, has quadrupled its office space, landing a two-year sublet in the Flatiron District of Manhattan, the company announced.
    Created: 8/15/2018 12:12:02 PM
  • Target Corp. has signed a lease to open a 22,500 square-foot store at the 1.9 million-square-foot development stretching across several Manhattan blocks called Essex Crossing.
    Created: 8/15/2018 11:47:58 AM
  • Ferrero, Italian manufacturer of sweets and chocolates, is setting up an innovation outpost at Cornell University’s technology campus on Roosevelt Island in New York City.
    Created: 8/15/2018 11:47:39 AM
  • Apple Inc.’s new headquarters in Silicon Valley is the most lavish in a spate of glitzy new architectural projects by tech titans at a time when their businesses are booming and market valuations are soaring.
    Created: 8/15/2018 11:15:06 AM
  • President Donald Trump’s golf courses are in the spotlight, but the value of the properties hasn’t kept pace with the amount of money he has invested to make upgrades.
    Created: 8/15/2018 11:00:45 AM
  • A massive build-out by retailers has left the country piled up with grocery shelves as consumers shift from big weekly shopping trips to more snacking and to-go meals.
    Created: 8/15/2018 10:32:30 AM
  • Asking rents for New Jersey office space are nearing records as landlords undertake extensive renovations and fill older properties with top-notch amenities.
    Created: 8/15/2018 9:40:19 AM
  • Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they’re giving health clubs some of their best real estate.
    Created: 8/15/2018 9:38:33 AM
  • Simon Property Group is hosting the nation’s first Madame Tussauds in a shopping mall, part of the retail landlord’s push to offer customers new experiences that go well beyond shopping.
    Created: 8/15/2018 9:20:07 AM
  • The seven-year expansion in the U.S. office market slowed in many big cities in the first quarter.
    Created: 8/15/2018 9:20:05 AM
  • Internet retailing is eating into mall revenue, but competition from newer shopping centers was the most common cause of death for malls over the past decade, according to a recent study.
    Created: 8/15/2018 9:20:03 AM
  • Mall landlords faced with declining sales and disappearing stores are deploying smartphones, social media and other technology to lure customers—and then keep them spending.
    Created: 8/15/2018 9:20:01 AM
  • Online home décor and furniture retailer One Kings Lane will open its first brick-and-mortar store in Southampton this Memorial Day weekend, as the company repositions itself from a flash-sale e-commerce site to a home furnishings brand.
    Created: 8/15/2018 9:19:59 AM
  • Developers of a mixed-use project at the base of the George Washington Bridge in New Jersey have added two retailers to the roster of tenants, filling more than 80% of its shopping complex
    Created: 8/15/2018 9:19:57 AM
  • After a two-year plunge, brokers are optimistic that more deals will take place in 2018.
    Created: 8/15/2018 8:37:51 AM
  • Oak Tree Road, known as “Little India,” has been transformed from a rundown and desolate area to a booming ethnic business district that attracts South Asian customers from Maine to Maryland.
    Created: 8/15/2018 8:13:15 AM
  • Companies engineering their offices as comfortable environments for employees to work and collaborate are discovering that common spaces have become popular hangouts for a different crowd: their clients.
    Created: 8/15/2018 8:13:12 AM
  • As demand for commercial real estate climbs, contractors say they are seeing shortages of electricians, carpenters and other subcontractor laborers, making it harder to hold down costs.
    Created: 8/15/2018 7:59:19 AM
  • Manhattan office landlords are boosting their use of concession packages such as free rent and remodeling cash to entice tenants to take space.
    Created: 8/15/2018 7:59:17 AM
  • The addition of glass-walled office spaces atop older buildings is an investment a number of owners are making in hopes of boosting income and competing with newer office buildings in Manhattan.
    Created: 8/15/2018 7:56:25 AM
  • Bearish bets on retail-focused real estate investment trusts have risen, reflecting short sellers’ belief that mall landlords will struggle.
    Created: 8/15/2018 7:55:06 AM
  • Mall landlords are now eagerly courting a type of retailer they once ignored: grocery stores, such as 365 by Whole Foods Market, Wegmans and Kroger.
    Created: 8/15/2018 7:55:04 AM
  • The nonprofit and public sectors recorded their most active year for real estate deals in New York City since the recession, driven by health care mergers, the search for less expensive space and organizations looking to cash in on property they owned, according to a new report.
    Created: 8/15/2018 7:55:02 AM
  • Meal-kit delivery service Plated has found room to grow in Chelsea, despite the area’s low vacancy rate for office space.
    Created: 8/15/2018 7:54:34 AM
  • Global retail landlord Gazit-Globe is planning to open a private U.S. subsidiary to invest in real estate in New York and other major metropolitan areas, the company said.
    Created: 8/15/2018 7:52:00 AM
  • The New York City Economic Development Corp. has tapped a development team to transform a far West Side parking lot into a mixed-use tower with affordable housing, offices and dormitories.
    Created: 8/15/2018 7:45:08 AM
  • Developers are revamping a former railway station in the Bronx in a
    Created: 8/15/2018 7:44:51 AM
  • Businesses are beginning to design offices spaces that are increasing the amount of square footage per employee when shared work settings are taken into account.
    Created: 8/15/2018 7:22:17 AM
  • Germany’s Puma has signed a lease deal to creating a marquee location on Fifth Avenue that will be the first of its kind for the company in North America.
    Created: 8/15/2018 6:46:49 AM
  • The real estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to buy roughly a 50% stake in 666 Fifth Ave. and invest hundreds of millions of dollars in the Manhattan office tower, which has been at the center of a controversy over possible conflicts of interest involving Jared Kushner, President Donald Trump’s son-in-law and adviser.
    Created: 8/15/2018 6:46:39 AM
  • One of New York City’s most prominent investors is betting on modular construction. McCourt Global led a group of investors in a $6 million round of funding for Brooklyn company FullStack Modular LLC.
    Created: 8/15/2018 6:31:18 AM
  • A joint venture that revamped a bland New Jersey office campus into a modern complex with an amenity building, a bike-share service and walking trails has sold the property to Barclays PLC.
    Created: 8/15/2018 6:31:16 AM
  • New York’s highest court on Tuesday blocked the development of a billion-dollar shopping mall on a Citi Field parking lot in Queens, affirming a ruling that the project needs legislative approval to proceed.
    Created: 8/15/2018 6:31:10 AM
  • The owners of two connected Midtown South Buildings have secured $430
    Created: 8/15/2018 6:31:08 AM
  • Asking rents in many of New York City’s priciest shopping corridors declined in the first quarter of 2017.
    Created: 8/15/2018 6:23:34 AM
  • A 110-acre research complex in Bridgewater, N.J., seemed poised a few years ago to join the growing ranks of suburban office campuses left for dead, but a joint venture of investors is breathing life into the property.
    Created: 8/15/2018 6:03:22 AM
  • Normandy Real Estate Partners’ $133 million deal for the upper portion of ABC Carpet’s flagship store is an example of office space edging into territory that once was retail’s domain.
    Created: 8/14/2018 11:26:32 PM
  • When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago.
    Created: 8/14/2018 11:23:47 PM
  • Mountain Creek Resort Inc., a New Jersey ski resort less than two hours from Manhattan, has filed for bankruptcy protection, citing years of above-average temperatures, scant snowfall and missteps by prior owners.
    Created: 8/14/2018 8:29:10 PM
  • Trees, tree house, hilly path, fire pits, telescopes: The One Manhattan Square condo building on the Lower East Side takes the private-garden amenity very seriously.
    Created: 8/14/2018 8:29:08 PM
  • J.P. Morgan Chase is expanding its office space on Midtown Manhattan’s far West Side in a revamped building that has gone from being one of the city’s homeliest to a gleaming structure.
    Created: 8/14/2018 8:27:39 PM
  • Food trucks and fitness centers are among the amenities that New Jersey office landlords have been using to attract tenants.The latest perk: Subsidies for digital ride-hailing services such as Uber and Lyft.
    Created: 8/14/2018 8:27:37 PM
  • Brookfield Property Partners LP has made a $14.8 billion offer to acquire the shares of mall owner GGP Inc. that it doesn’t already own, according to people familiar with the matter.
    Created: 8/14/2018 7:25:44 PM
  • Long Island’s shrinking industrial space has placed expanding tenants in a tough spot, forcing them to look east to Suffolk County and off the island entirely, according to real-estate services firm JLL.
    Created: 8/14/2018 6:14:12 PM
  • Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,.
    Created: 8/14/2018 5:35:21 PM
  • A much-loved tax advantage in the commercial real-estate industry is on the chopping block even as chances dim for the passage of a broad federal tax overhaul this year.
    Created: 8/14/2018 5:06:40 PM
  • Retailers, food and beverage operators and department store chains looking to renew their leases have been asking for more allowances from mall owners.
    Created: 8/14/2018 5:04:09 PM
  • Chief Financial Officer Jeffrey Bornstein says being near students was a major attraction
    Created: 8/14/2018 4:10:29 PM
  • Australia’s rapid embrace of rooftop panels—now installed on one in four homes in some areas—has collided with another hot spot of investment, construction of apartments and homes.
    Created: 8/14/2018 3:23:37 PM
  • New Jersey office leasing for the first quarter hit a multiyear low, as tenants avoid dated corporate campuses and demand proximity to transit and urban amenities.
    Created: 8/14/2018 1:55:00 PM
  • China Life Insurance Group is buying a 95% stake in 48 commercial properties scattered throughout the U.S. in deal that values the portfolio at $950 million and highlights the growing appetite among foreign investors for real estate in markets they mostly have ignored until now.
    Created: 8/14/2018 11:50:51 AM
  • Pearl River Mart, once a casualty of skyrocketing retail rents, is planning to open another 3,500 square-foot store at Chelsea Market in Manhattan.
    Created: 8/13/2018 9:11:09 PM