Commercial Real Estate News Roundup: January 9, 2014
- A Murky Real-Estate Market Comes into Focus, WSJ, Dec. 17, 2013 – Wherein FINRA proposes new reporting rules for “untraded” REITs.
- Chinese buyers develop a taste for US commercial property, Reuters, Dec. 20, 2013 – 2013 saw an over six-fold increase in Chinese investment in US commercial property.
- An Industry Revived: Commercial Real Estate in Nevada, Nevada Business, Jan 2, 2014 – Unfinished resorts getting second lives as the Sagebrush State stages a commercial real estate recovery
- Top 10 Commercial Real Estate Moments of 2013, NREI, Dec. 31, 2013 Hilton’s IPO, UBS snags Water Tower in Chicago and Pershing Square Capital pinched by JCPenney.
- Denver Real Estate Booms as Slopes Beat NYC Bustle, Investors Business Daily, Jan. 1, 2014 – Downtown Devnver’s mile-high renaissance given the spotlight
- Silicon Valley’s Biggest Commercial Real Estate Stories of 2013, Silicon Valley Business Journal, Dec. 25, 2013 – $1,000 a square foot in the tech center is the new normal
- Brooklyn: the place to be, if you can find the space, Crains New York, Jan. 5, 2014 – The borough is nearing full and eyes are leading to East New York and Brownsville
- Forget houses, shrewd investors are turning to warehouses, Sydney Morning Herald, Jan. 2, 2014 – Down under, the industrial sector’s getting a new look from idle capital.
- Cassidy Turley: Cincinnati’s industrial market keeps booming, REJournals, Jan. 3, 2014 – Vacancy rates on the plunge in Cincinnati industrial, at least some of which is not attributable to demand for five-way chili.
- Retail seen as bright spot for 2014 commercial real estate, St. Louis Business Journal, Dec. 24, 2013 – The shopping centers of St. Louis are ringing up the numbers and absorption is looking fine.
- Four Forces that will Propel Retail Investment Sales in 2014, NREI, Jan. 3, 2014 One out of five investment dollars in 2013 are retail investments, say NREI.
- City’s retail rents expected to remain in stratosphere, Crains New York, Jan. 3, 2014 – News flash: Manhattan retail rents are a bit on the pricey side!
- Farms aren’t going away, but a lot of little ones are, The Texas Tribune, Jan. 3, 2014 – Ag dirt prices shooting through the clouds are sending small farmers off the land.
- Mesa land sale will generate $135M for city economic projects, Phoenix Business Journal, Dec. 31, 2013 – The Chicago Cubs spring training stadium in Mesa, AZ needs to be paid off. Of course, the team owners aren’t the ones doing the paying, the city of Mesa is.