REAL ESTATE NEWS - Commercial Real Estate

Stay informed about the commercial real estate market, with a focus on office spaces, retail locations, industrial properties, and large-scale developments.

Manhattan Retailers Rush to Secure Permanent Storefronts
Luxury brands buy prime city retail storefronts outright due to scarcity, with Kering and Prada leading the trend.
Manhattan retailers scramble to secure permanent storefronts amidst rising commercial rents.
NYC's Hotel Industry Faces Challenges Despite Luxury Openings, Experts Warn
New York City's hotel industry: thriving and in crisis simultaneously, depending on the metrics used.
New York City hotel industry struggles amidst luxury openings and expert warnings.
Developers Embrace City's Affordable Housing Initiative
Austin's Density Bonus 90 program lets developers build taller for more affordable housing options.
Developers building affordable housing in city as part of government initiative.
ICA Miami Expands with $25M Purchase of Adjacent Building
ICA Miami to nearly double exhibition space with $25M purchase of de la Cruz Collection's former home.
ICA Miami expands with $25 million purchase of adjacent downtown building.
Howard Lorber Steps Down as Elliman Executive Chairman
Douglas Elliman Chairman and CEO Howard Lorber to step down, succeeded by board director Michael Liebowitz.
Howard Lorber resigns as Executive Chairman of Douglas Elliman in New York.
JPMorgan Chase Exits San Francisco Tower, Abandoning 244K Square Feet of Office Space
JPMorgan Chase to vacate nearly 3/4 of its offices at 1 Front St. in Downtown SF's Financial District.
JPMorgan Chase exits San Francisco tower, vacating 244k square feet office space.
Tech-savvy investors aid non-profits in acquiring undervalued properties
After years of being priced out, non-tech tenants are returning to the city.
Tech investors assist non-profit organizations acquire underpriced properties nationwide.
Supreme Court rejects appeal in eminent domain dispute over seized family land
Hardware store owners exhaust legal options in eminent domain dispute with Southold, NY, after US Supreme Court declines to hear case.
Supreme Court justices reject appeal in eminent domain case involving family's seized property.
Crescent development costs estimated at $126 million
Crescent Communities' 31-story Carson & Tryon tower nears construction start in Charlotte's South End.
Crescent development construction site in [location], with workers and heavy machinery.
Conversion of vintage hospital into residential units planned for competitive rental market
Historic 24-story building on San Antonio's River Walk to be converted into apartments by Houston-based InnJoy Hospitality.
Vintage hospital conversion into residential units in competitive rental market underway.
Beverly Hills Office Complex Sold to Oscar Engelbert and Jens Grede for $61 Million
Swedish developer Oscar Engelbert expands LA presence through new venture Parkgate, despite struggles with Oscar Properties.
Beverly Hills office complex sold to Engelbert and Grede for $61 million.
Chicago's Luxury Hotels Face Property Tax Revaluation Shock
Magnificent Mile hotel values surpass pre-pandemic highs, according to Cook County Assessor Fritz Kaegi.
Chicago luxury hotels face property tax revaluation shock amidst downtown skyscrapers.
Mandarin Oriental lawsuit sees Shvo dodge three key allegations
New York Judge Dismisses Claims Against Michael Shvo, Upholds Those Against His Company
Mandarin Oriental executive Shvo denies allegations in high-profile New York City lawsuit.
Miami Developer Backs Former Mayor's County Property Appraisal Bid
Miami mayoral candidate's property appraiser bid backed by major developers and commercial property owners.
Miami developer supports former mayor's bid to reform county property appraisal system.
Zuckerberg Foundation Secures 38,000 SF Lab Facility Lease
Meta's Mark Zuckerberg and wife Priscilla Chan lease 38,000 sq ft at Columbia University for Chan Zuckerberg Biohub New York.
Mark Zuckerberg's foundation leases 38,000 sq ft lab facility in undisclosed location.
MetroList Launches Groundbreaking Voice-Controlled Listing Update Tool
New Sacramento-based capability streamlines workflow for real estate professionals.
Real estate professionals use voice-controlled tool to update listings on MetroList platform.
Mel Foster Realty Introduces Comprehensive Real Estate Education Platform
Mel Foster Co. Launches School of Real Estate After 100 Years as Leader in Real Estate Services.
Mel Foster Realty introduces educational platform for real estate professionals in Iowa.
San Francisco's vacant retail space up for auction
Westfield San Francisco Centre to be sold at foreclosure auction due to lender default.
Empty storefronts in San Francisco's downtown area up for public auction sale.
Hilton San Jose Hotel Avoids Foreclosure with Loan Refinancing
Owner Seeks Financing Deal to Save Signia by Hilton San Jose from Foreclosure.
Hilton San Jose hotel avoids foreclosure through successful loan refinancing agreement.

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