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Commercial Real Estate News

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

Click on a headline for a full story, then hit your back arrow for more headlines.

    
CoStar
The stock prices of prison REITs are rocking following the Justice Dept.’s announcement last week that it was rescinding guidelines issued under the Obama administration to curtail the use of private prisons. Instead, DOJ reversed its position and signaled full support of their use. Analysts note the change comes after the Trump administration recent authorization of the US Immigration and Customs Enforcement (ICE) to launch an aggressive round...
Global Logistic Properties Ltd. (GLP) has shortlisted a group of suitors seeking to buy the Singapore-based owner of warehouse properties and will be inviting them to conduct due diligence. GLP did not identify the firms invited to continue. The Singapore-based GLP is one of the largest owners of industrial properties in the world, with a total of 562 million square feet of logistics facilities in 113 cities in China, Japan, Brazil and the US...
Encana Corp. (NYSE: ECA) is finalizing an agreement with building owner's Brookfield Office Properties and MetLife to maintain its offices at the Republic Plaza tower in downtown Denver for an additional eight years. The Calgary-based oil and gas company and leading North American energy producer will lease approximately 335,000 square feet at the 1.3 million-square-foot, 56-story tower, a slight reduction of the company's current space. Jamie...
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City, Chicago, South Florida, Sacramento, Seattle, Phoenix / Tucson, Northern New Jersey and more! NEW YORK CITY RD Management Taps Hirschhorn as COO By Justin Sumner RD Management LLC has promoted Roger
Anchor department store closures just keep coming, as J. C. Penney Company Inc. (NYSE: JCP) announced plans this morning to close two distribution facilities and between 130 and 140 of its retail stores over the next few months. The retailer said the closures are part of a plan to optimize its national operations as it continues its so far successful return to profitability. Under the plan, the company expects to realign the company’s brick...
      
National Real Estate Investor
Ed Lee, Recode managing editor, discusses the news that SoftBank is close to finalizing a major investment into WeWork which pushes the co-working company's valuation to about $20 billion.

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For years, downtown Newark’s Military Park, barren and surrounded by vacant buildings, was a symbol of the despair that set in after the 1967 riots. Now it’s at the center of hope that a long-sought recovery for New Jersey’s biggest city may finally be taking hold.

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Entrepreneur analyzes the tax-deferral tax strategies that real estate owners and investors are using to boost their businesses. Deepak Chopra turns his hand to real estate development, as “wellness” condos achieve higher pricing on the market, according to The Atlantic. These are among today’s must reads from around the commercial real estate industry.

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West Oaks Mall has a lot happening, including repurposing former anchors, bringing more non-traditional mall tenants, working on outparcels and future multifamily residential development.

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Restrictions on a tenant’s ability to assign or sublet its lease obligations are tied to a landlord’s aim of ensuring that the lease obligations will be performed for the entire term of the lease agreement.

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Wall Street Journal
A surge in online shopping is reshaping New Jersey’s industrial real-estate markets, fueling higher prices and sparking development away from the usual hot spots along some of the state’s main roadways.
Vail Resorts said it would buy the ski operations of Stowe Mountain Resort in northern Vermont for about $50 million from the real-estate business of insurance giant American International Group.
As they sell noncore assets, mall landlords are dipping their toes into luxury residential buildings, organizing events and investing in new technologies to engage with consumers.
The supermarket giant has purchased the famous New York cheese store chain and its Greenwich Village flagship store for an undisclosed amount.
A raised pedestrian bridge is one of the signature features of a 22-acre public-private redevelopment project called Mulberry Commons, recently unveiled by the city of Newark and developers.
      
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