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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
Barry Sternlicht’s Starwood Capital Group this week launched Uptown Suites, an upscale take on Starwood's InTown Suites extended-stay brand. The firm will open its first property in Concord, NC, with plans to open 10 more properties by 2019. Starwood expects to build new hotels for most of planned properties, targeting "walkable" locations with nearby dining, retail and entertainment areas in major cities or central locations in smaller markets...
Sears Holdings Corp. (NASDAQ: SHLD) expanded its previously announced plans to close 150 stores this year by adding another 50 locations to its store-closing list, and is now turning its attention to selling another $700 million in properties. "Earlier this year, we initiated a strategic restructuring program and committed to improving our operating performance and financial flexibility in a very challenging retail environment," said Edward S....
Women’s fashion retailer bebe stores inc. (Nasdaq: BEBE) has hired Great American Group LLC, an affiliate of B. Riley & Co., the company’s financial advisor, and Tiger Capital Group LLC to sell the merchandise and inventory at all of its 134 retail stores and 34 outlet stores in the U.S., Puerto Rico and Canada. The closings will entail more than 700,000 square feet of space that will go dark by the end of May 2017. No word yet on what will...
Heavy equipment manufacturer Caterpillar Inc. (NYSE: CAT) announced Wednesday it will relocate to Chicago's suburbs, opting to move its global headquarters to the northern Chicago suburb of Deerfield over several downtown options after more than 90 years being based in the heart of the state in Peoria, IL. Caterpillar reached a multi-year lease agreement with Corporate 500 Centre, a four-building office campus on Lake Park Road totaling 700,000...
FelCor Lodging Trust Inc. (NYSE:FCH) has agreed to merge with and become a wholly-owned subsidiary of RLJ Lodging Trust (NYSE:RLJ) in an all-stock transaction. Under the deal, each FelCor share will be converted into 0.362 shares of newly issued shares of RLJ common stock in a taxable merger. The combination is expected to give RLJ a post-merger pro forma equity market capitalization of $4.2 billion and a total enterprise value of $7 billion. FelCor...
      
National Real Estate Investor
Forbes looks at the state of the industrial real estate market. The U.S. housing market may be over-heating, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
There are multiple goals in the practice of sustainability. 
For sales and financing, technology allows for faster and broader market reach, meaning you have the ability to get to multitudes of investors and lenders.
Jonathan Litt has been calling on Forest City to explore options including a sale of the company.
The Street looks at how much Albertsons would have to pay for Whole Foods. 1031 exchanges are becoming more attractive, according to Financial Planning. These are among today’s must reads from around the commercial real estate industry.
      
Wall Street Journal
New Jersey office leasing for the first quarter hit a multiyear low, as tenants avoid dated corporate campuses and demand proximity to transit and urban amenities.
Global retail landlord Gazit-Globe is planning to open a private U.S. subsidiary to invest in real estate in New York and other major metropolitan areas, the company said.
The seven-year expansion in the U.S. office market slowed in many big cities in the first quarter.
Mall landlords faced with declining sales and disappearing stores are deploying smartphones, social media and other technology to lure customers—and then keep them spending.
Internet retailing is eating into mall revenue, but competition from newer shopping centers was the most common cause of death for malls over the past decade, according to a recent study.
      
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