Commercial Real Estate News Roundup: March 11, 2014
Once again, it’s time to round up the major sectors of commercial real estate for the latest news. Tales of recovery, reversals and reinvestment abound:
- Real estate investors rediscover risk, Forbes, March 5, 2014 – International wealth is once again willing to gamble a bit for greater real estate returns, fueling recovery, says report.
- Providence reclaims a ‘Link’ to its past, WSJ, March 4, 2014 – Reversing the work done by bulldozers six decades ago, Rhode Island’s capital pieces its neighborhoods back together.
- Beige book bullish commercial real estate, Futures, March 6, 2014 - The Fed’s six-times-annually published compendium of anecdotes shows a sunny national commercial picture.
- Broker’s quarterly report a touchstone for local commercial market, Bradenton Herald, March 5, 2014 – Coldwell in Sarasota’s wonkiest commercial director runs the local market numbers every quarter, turning up increasingly excellent news.
- New DC office building proposed for International Finance Corp. expansion, Washington Business Journal, March 6, 2014 – A new office development in DC will bring the International Finance Corporation to K Street.
- Crossroads, other planned office space adds up, but when will it be filled up?, Omaha.com, March 9, 2014 - A bond issue for planned office developments gets touchy in the heartland.
- New EMP office building is Seattle’s first “salmon safe” building, Puget Sound Business Journal, March 7, 2014 – A new building, LEED-certified and easy on water consumption, earns Portland nonprofit’s certification as safe to salmon, meaning the building fits into the environment like keys into lox. (Sorry.)
- Industrial real estate association sees positive signs in 2014, March 4, 2014 – User sales and acquisitions are back, while distressed assets are on the decline, say midwest industrial brokers.
- Hines will flip huge Lenexa industrial package, Kansas City Business Journal, March 10, 2014 – Also seeing a resurgence in the industrial sector: the “f” word: flipping.
- Hong Kong to London, retail rents are up around the world, Real Estate Weekly, March 6, 2014 – The most expensive international markets for retail rents are only getting pricier.
- Everything must go: there’s a flood of store closings, CNNMoney, March 7, 2014 – Meanwhile, Staples, Sears, Radio Shack, JCPenney et al. are struggling for survival…
- Eastpoint Mall sold to Baltimore firm, Baltimore Sun, March 6, 2014 – …and malls anchored with their stores are facing an uncertain future.
- MetLife to boost apartment investments in US cities, InvestorsBusinessDaily, March 6, 2014 – Insurance giant boosts buys in multifamily.
- Outlook for Apartment REITs in 2014, MHNonline, March 6, 2014 – A nice explanation of the structure of REITs precedes good observations about multifamily REIT prospects: falling unemployment drives apartment absorption, mainly.
- Lakeland firm Coldwell-Saunders brokers big deal, theLedger, March 6, 2014 – Learn the details of a recent half-billion Florida land deal…
- Mormon church subsidiaries now own 2% of Florida with recent land buy, Orlando Business Journal, March 7, 2014 …and then learn about the buyer in that Florida deal: the Mormon church.