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Commercial Real Estate News

In this section we've added RSS feeds from GlobeSt.com, CREOnline.com and the Wall Street Journal.  Click on a headline for a full story, then hit your back arrow for more headlines.

    
GlobeSt.com Headlines
SAN DIEGO--With industrial vacancy getting close to all-time lows, redevelopment opportunities are very hard to come by, Murphy Development's Andy Irwin tells GlobeSt.com EXCLUSIVELY in this RealShare San Diego preview.
IRVINE, CA--US foreclosure activity rises 3% in April to an 18-month high. A new report from RealtyTrac explores why as well as which markets displayed the highest foreclosure rates in the country.
SAN RAMON, CA– Sunset Development, in partnership with Moana Restaurant Group, is set to create a fresh dining and culinary hub at the center of 2600, the premier office building in the heart of Bishop Ranch.
SAN DIEGO--Lennar Multifamily Communities purchased the site at Ash and Columbia Streets in a deal brokered by Colliers International.
PHOENIX--The Valley is rapidly growing into one of the nation's tech hubs. GlobeSt.com caught up with Michael Ortiz, associate vice president at Colliers International in Greater Phoenix, to get his take on the evolution of data centers in Metro Phoenix.
      
CPNOnline.com Headlines
      
Wall Street Journal CRE Headlines
New York-based GTIS is now the largest hotel owner in Brazil, following a $400 million takeover of Brazil Hospitality Group. The U.S. investor plans to upgrade properties and expand the hotel operator’s reach.
CIM is cashing in with a deal this week to sell a 29-story office tower in Manhattan for $2.6 billion, the second-highest sale price ever for a U.S. office building.
Financial Services Superintendent Benjamin Lawsky’s proposal, aimed at tackling one the country’s worst foreclosure backlogs, would include streamlining the process for abandoned or vacant properties.
Existing-home sales in the U.S. this year are expected to hit levels not seen since 2006.
With a new Chelsea condominium that’s 80% sold, Scott Resnick shows he’s up to the challenge of developing residential projects on his own.
      
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