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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 largest investment sale transactions of the fourth quarter included Albertsons' $721 million sale-leaseback of 71 properties across 12 states, including this Safeway property in Florance, AZ. Even the best performing and most well located U.S. malls and shopping centers are beginning to feel the pinch of flat-lining rent growth and a vacancy uptick as e-commerce continues to take market share from brick-and-mortar retailers and the retail sector...
The 301-room Andaz Maui is among a trio of resort hotels under contract to be acquired by Host Hotels & Resort in a $1 billion transaction.credit: Hyatt Hotels Corp. Bethesda, MD-based Host Hotels & Resorts, Inc. (NYSE:HST) announced an agreement to buy the 301-room Andaz Maui in Wailea, HI; the 668-room Grand Hyatt San Francisco in the city's Union Square district and the 454-room Hyatt Regency Coconut Point in Bonita Springs, FL for $1 billion...
Pictured: 55 University Ave. in downtown Toronto.The ink hasn't dried on one of 2017's largest real estate deals, but sources indicate Slate Acquisitions Inc. is in the process of flipping some of the $1.14 billion in property it bought from Cominar Real Estate Investment Trust. Sources tell CoStar News that Slate is close to selling an office tower it acquired at 55 University Ave. with offers coming in between $700 to $750 per square foot for...
J.P. Morgan Chase made waves this morning with the announcement that the global banker will build a new 2.5 million-square-foot headquarters at 270 Park Ave. in New York City. Still in progress, according to sources, is the feat of garnering approvals for a planned 70-story, LEED-certified commercial tower borne from the site of its former headquarters. The razing and redevelopment of its new building will produce an estimated 8,000 construction...
Is the so-called "notorious" Pacific Mall in Markham, Ontario, the country's most expensive retail property? The mall, in the news again because of a U.S. report that labelled it a haven for fake goods and accused Canadian authorities of doing little to stop the trade, is set up as a condo corporation and there is no total value for the mall. But a look at retail condo unit recent sales, using CoStar data, shows astronomical prices on a square...
      
National Real Estate Investor
The Bayrock Group, the developer of the Trump Soho building in Manhattan, agreed in principle to settle a lawsuit filed in 2010 by former finance director Jody Kriss.
The New York Times reports that recently released minutes of January’s Federal Reserve meeting show that officials see the strengthening economy as a sign for more rate hikes. Toys ‘R’ Us plans to shed an additional 200 stores, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
IREM has fashioned a new logo that heralds the importance of what lies ahead.
Industry professionals who have studied the companies’ operations are not convinced that the combination will create an entity strong enough to compete against Amazon.
The 10,000-sq.-ft. share workspace will open in downtown St. Paul later this year.
      
Wall Street Journal
After a two-year plunge, brokers are optimistic that more deals will take place in 2018.
Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,.
Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they’re giving health clubs some of their best real estate.
Asking rents for New Jersey office space are nearing records as landlords undertake extensive renovations and fill older properties with top-notch amenities.
Brookfield Property Partners LP has made a $14.8 billion offer to acquire the shares of mall owner GGP Inc. that it doesn’t already own, according to people familiar with the matter.
      
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