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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
Live-action sports are finally coming to Las Vegas, which until recently was one of the largest major U.S. markets without a major-league sports franchise. Yesterday MGM Resorts International announced that it purchased the WNBA's San Antonio Stars and will move the team to Las Vegas, joining the Golden Knights NHL franchise, which makes its debut this season. Also, retail developer Howard Hughes Corp. (NYSE: HHC) recently revealed plans to build...
Today is the last day for communities to submit proposals for one of the largest economic development ever offered: Amazon's bid for a new co-headquarters site. Hundreds of communities, cities and even states are expected to pitch the online retail giant on the merits of their respective locations before the clock strikes midnight in Seattle. The company is seeking sites in major North American cities for a "full equal" to its Seattle headquarters...
One of two equity analysts covering BGC Partners, Inc. (NASDAQ: BGCP) has suspended research coverage of the firm ahead of the expected IPO and spin-off of its real estate services subsidiary, Newmark Knight Frank (NKF), as a separately traded public company. The undisclosed financial institution suspended coverage on Oct. 13, according to an SEC filing this week by BGC, which reported the move to be "consistent with such financial institution...
Irvine, CA-based Sares Regis Group has acquired Toyota's 110-acre former North America headquarters campus in Torrance, CA, more than three years after the Japanese automaker announced plans to relocate to a brand-new office campus in Plano, TX. JLL listed the property in February. Managing Director Jeff Adkison and Senior Vice President Brendan McArthur represented Toyota Motor North America, Inc. in the sale to Sares Regis, which prevailed over...
Bank branch consolidations have quickened over the last two years as customers continue to embrace digital banking. Simultaneously, the number of new branch openings continues to fall. But analysts view this as part of a larger shift in how retail branches are being utilized by customers and where those brick-and-mortar institutions need to be located. Through the first nine months of this year, U.S. banks have closed more than 2,600 branches....
      
National Real Estate Investor
The strategy includes opening dozens of smaller stores in places like New York, Los Angeles, Chicago and Philadelphia.
Blackstone’s opportunistic real estate portfolio appreciated 5.5 percent during the three months ended Sept. 30.
For the fifth time in six months, U.S. housing starts decreased in September, reports the Wall Street Journal. Downtown Los Angeles is not the metro area’s most expensive place to rent an apartment, according to Forbes. These are among today’s must reads from around the commercial real estate industry.
The sunset clause is a clause providing that insurance coverage will cease after a specified point in time.
Over Thanksgiving weekend, Black Friday remains the most popular day for shopping.
      
Wall Street Journal
Oak Tree Road, known as “Little India,” has been transformed from a rundown and desolate area to a booming ethnic business district that attracts South Asian customers from Maine to Maryland.
Pearl River Mart, once a casualty of skyrocketing retail rents, is planning to open another 3,500 square-foot store at Chelsea Market in Manhattan.
Businesses are beginning to design offices spaces that are increasing the amount of square footage per employee when shared work settings are taken into account.
Ferrero, Italian manufacturer of sweets and chocolates, is setting up an innovation outpost at Cornell University’s technology campus on Roosevelt Island in New York City.
Long Island’s shrinking industrial space has placed expanding tenants in a tough spot, forcing them to look east to Suffolk County and off the island entirely, according to real-estate services firm JLL.
      
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