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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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Industry reports released over the past few days, including a new index launched by the U.S. Chamber of Commerce and materials supplier USG Corp., reveal the strong expected performance by the U.S. commercial construction industry, along with optimism among contractors that pipelines will continue to add new projects through next year. An overwhelming majority of respondents, 96%, surveyed for the new USG + U.S. Chamber of Commerce Commercial Construction...
Following the release of its findings last week that the U.S. may need millions more apartment units by 2030 if current household formation trends continue unabated, the National Apartment Association (NAA) and National Multifamily Housing Council (NMHC) identified what they see as the hardest and easiest metro areas where new apartment supply can be added. The top four most-challenging places to add new apartments are all coastal markets: Honolulu...
Conduent Corp. (NYSE: CNDT) has signed a lease to occupy 125,000 square feet within the 1.3 million-square-foot Medley Centre at 285 Medley Centre Pky. in Rochester, NY. The New Jersey-based business process services company and former business services division of Xerox is moving its local call center operation to the former Macy's store at the vacant Medley Centre Mall in a deal that is expected to bring more than 750 jobs to the area. Scott...
Net lease REIT Store Capital Corp. (NYSE:STOR) issued and sold 18.6 million shares of its common stock to an affiliate of Warren Buffett’s Berkshire Hathaway. Buffett’s National Indemnity Co. paid $377 million for the stock representing a price of $20.25 per share. Store’s stock closed at $20.77 at the end of trading last week and its premarket opening price this morning is up 9.2% to about $22.68/share. Berkshire Hathaway’s insurance subsidiary...
Separate studies issued this week share the same conclusion that demand for rental apartments and other housing options will stay at elevated levels largely due to continued robust household formation and limited affordable housing options, especially for detached single-family houses. The first study was co-commissioned by the National Apartment Association (NAA), sponsor of NAA Education Conference & Exposition running this week through Friday...
National Real Estate Investor
Stubbornly low inventory in housing, particularly for more-affordable properties, has helped drive steady home-price gains.
Los Angeles’ new tallest building makes its debut, reports Los Angeles Times. Federal investigators are looking into a real estate deal put together by Jane Sanders, Bernie Sanders’ wife, according to the Associated Press. These are among today’s must reads from around the commercial real estate industry.
The proposal by Tennessee Republican Bob Corker and Virginia Democrat Mark Warner would attempt to foster competition in the secondary mortgage market.
Because of the variety of ways that a project can qualify, NMTCs have been used in many economically stable communities.
As the U.S. economy improves, some renters may finally turn to homeownership, provided they qualify for home loans.
Wall Street Journal
Australia’s rapid embrace of rooftop panels—now installed on one in four homes in some areas—has collided with another hot spot of investment, construction of apartments and homes.
A much-loved tax advantage in the commercial real-estate industry is on the chopping block even as chances dim for the passage of a broad federal tax overhaul this year.
Retailers, food and beverage operators and department store chains looking to renew their leases have been asking for more allowances from mall owners.
New York’s highest court on Tuesday blocked the development of a billion-dollar shopping mall on a Citi Field parking lot in Queens, affirming a ruling that the project needs legislative approval to proceed.
Food trucks and fitness centers are among the amenities that New Jersey office landlords have been using to attract tenants.The latest perk: Subsidies for digital ride-hailing services such as Uber and Lyft.
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