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Commercial Real Estate News

In this section we've added RSS feeds from several commercial property news sources.

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CoStar
Earlier this month Stockton University started conducting classes at its new $178.3 million campus on the ocean in Atlantic City. The complex includes a 145-unit beachfront student dormitory, a high-rise parking garage to its right, and an academic center across the street. A ribbon-cutting ceremony was held in front of the residential complex, on the boardwalk, last Thursday. Photo courtesy of Stockton Un
Plans for the Mayo Clinic's Gonda Building include 11 new floors and a hotel.Credit: Pelli Clarke Pelli Architects, courtesy of Mayo Clinic. The Mayo Clinic, the world-renowned medical center, has long towered over Rochester, Minnesota, in fame. It now plans to do so physically as well. The clinic and Singapore-based real estate developer Pontiac Land Group are embarking on an ambitious plan to enlarge the Gonda Building, the medical center’s...
Blue Apron leased out an entire 495,000-square-foot distribution center in Linden, New Jersey, (pictured) in 2016. The industrial market continues to be a bright spot in Northern New Jersey commercial real estate. As of September, year-over-year rent growth was 7.8 percent, the highest of any East Coast market. This figure ranks sixth nationally among markets with more than 100 million square feet of inventory. Rent growth in 2018 builds upon...
Buildings, roads and even playgrounds were flooded in Fayetteville, North Carolina, after Hurricane Florence. Photo credit: Paul Owers, CoStar Group When Hurricane Florence slammed into Wilmington, North Carolina, almost 1 million square feet of commercial real estate was under construction. One storm, no m
The Serendipity Labs in Atlanta offered free work space for evacuees of Hurricane Florence. In the aftermath of Hurricane Florence, coworking facilities, with their plug-and-play capabilities, emerged as a temporary destination for workers with flooded offices and impassible roads in the Carolinas. The providers of shared workspaces hope to make it a permanent arrangement. Some providers, like Serendipity, offered complimentary accommodations...
      
National Real Estate Investor
      
Wall Street Journal
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.
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.
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.
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.
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.
      
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