Commercial Real Estate News Roundup: April 9, 2014
- Modeled after Airbnb, online service aims to disrupt commercial real estate, Washington Post, April 3, 2014 – Jones Lang launches a online platform aiming to do to sub-5K sq. ft. leasing what AirBnB is doing to apartments: disrupt the market.
- Chinese investments in US commercial real estate surges, Bloomberg, April 1, 2014 – I bet you thought getting to Greenland meant heading to the Atlantic Ocean. It turns out Greenland is in Shanghai, and is coming toward you.
- Dallas’ Victory Park takes new direction with apartment, office rebirth, Dallas Morning News, April 3, 2014 – 15 years, 75 acres of downtown land tells a tale of Dallas downtown like no other.
- Blackstone said in talks for a $2.5 billion sale of offices, Bloomberg, April 2, 2014 – Say what you will about Blackstone, but wether they’re buying southern apartments or selling Boston office inventory, they do it big.
- Sacramento developer plans 700,000 square feet of new industrial space in Richmond, SF Business Times, March 31, 2014 – Spec warehouse space is the new craze, Part I.
- Another spec warehouse taking off near O’Hare, Crain’s Chicago Business, April 4, 2014 – Spec warehouse space is the new craze, Part II.
- Long Island Index releases downtown retail map, Newsday, April 2, 2014 – This is how a community chamber of commerce (or similar organization) gooses leasing interest: start counting properties and economic date and publish the results.
- In Voorhees, reinventing the mall, Philadelphia Inquirer, April 6, 2014 -When a REIT takes over a retail space, changes can be afoot. Here’s a Pennsylvania success story.
- Crow Holdings sells large US real estate portfolio, Dallas Business Journal, April 1, 2014 – A twelve-property multistate deal encompassing over 4,000 luxury apartments.
- Cleveland’s thriving theater hub lures residents, New York Times, April 1, 2014 – Never underestimate the power of theater to renew commercial real estate values.
- Portland’s apartment titan PNC Real Estate on the rise, Portland Business Journal, April 3, 2014 – The fourth largest owner of US apartments calls the Pacific Northwest home.
- Airbnb agrees to pay hotel tax in San Francisco, AOL Real Estate, April 2, 2014 – The taxman catches up to the upstart online space dealer
- Texas transportation agency’s land deals under federal grand jury investigation, Dallas Morning News, April 7, 2014 – Does eminent domain in Texas mean enriching insiders at taxpayer expense?
- Smart development of state land requires a new approach to selling it, reformers say, Arizona Central, April 4, 2014 – Deregulation touted in Arizona as the means to more development. No mention of the state’s scads of half-completed projects / housing-crisis casualties.