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.

Fred and Aaron Karlton purchase Sunset Islands teardown for spec mansion construction
Karlton Companies acquires a waterfront teardown on Miami Beach's Sunset Islands for $19 million to construct an ultra-luxurious spec mansion, according to The Real Deal.
Fred and Aaron Karlton buying Sunset Islands property for new mansion development.
Silicon Valley Brokerages Boom: Residential and Commercial Expansion
Corcoran Icon, a San Francisco-based brokerage, has recently announced its plans to open a new office in Silicon Valley due to the strong demand for homes and commercial spaces in the area. This move is expected to attract more residential and commercial
Silicon Valley brokerages expand residential and commercial properties amidst rapid growth.
Panattoni acquires Miami Herald's old HQ in Doral
Panattoni Development enters Doral office submarket, acquiring a two-story building previously occupied by Miami Herald and El Nuevo Herald headquarters.
Panattoni acquires historic Miami Herald headquarters building in Doral, Florida.
CHA Approves $27M Loan for LeClaire Courts Redevelopment
LeClaire Courts Redevelopment: A $350 Million Initiative Approved for First Phase Funding The LeClaire Courts redevelopment project has received a $27 million capital loan for its first phase, thanks to the approval of the Chicago Housing Authority. This
CHA approves $27 million loan for LeClaire Courts redevelopment project in Chicago.
Foot Locker leaves Vornado-owned headquarters
Foot Locker is moving its headquarters from New York City's Penn District to St. Petersburg, Florida next year, according to the New York Business Journal.
Foot Locker vacates Vornado Realty Trust's New York City headquarters building.
Germantown Development Update: Latest News on Real Estate Investment Opportunities
Green Hills office addition marks a milestone for Onward; Planning Commission approves two development concepts
Germantown development update with real estate investors in Philadelphia suburbs.
Rexford Industrial Acquires Chatsworth Warehouses
Chicago-based cosmetics firm Voyant Beauty has leased three industrial warehouses in Chatsworth's Rexford Mason Business Center, totaling 180,000 square feet.
Rexford Industrial acquires two warehouses in Chatsworth, Los Angeles County area.
Hoover Reservoir Property Sets New Record: Central Ohio Home Prices Soar
Central Ohio home sales surpass $6 million mark, setting new records in the region. However, land value inflation plays a significant role in these high prices.
Central Ohio home prices soar at Hoover Reservoir property setting record.
St. Pete Beach weighs commercial development ban
St. Pete Beach is considering a yearlong moratorium on commercial development to address backlash over recent approvals in the historically quaint city. Mayor Adrian Petrila pitched the proposal.
St. Pete Beach officials consider banning commercial development along shoreline.
Houston's Womble Bond Welcomes Real Estate Attorney from Seyfarth
An accomplished attorney specializing in leasing and sales transactions has joined Womble Bond Dickinson's Houston office after a successful tenure of over six years at Seyfarth Shaw LLP.
Houston attorney joins Womble Bond from Seyfarth in real estate practice.
San Francisco's Economic Outlook: A Grim Prediction
Ted Egan, San Francisco's Chief Economist, uses data to quantify potential economic impacts of legislation. His findings guide policymakers and voters in making informed decisions.
San Francisco economic forecast: grim prediction amidst city skyline and financial charts.
Citadel's Miami Headquarters: A New Era for Billionaire Hedge Fund Titan Ken Griffin
Citadel's New Headquarters: A Dazzling Architectural Marvel Designed by Foster + Partners
Billionaire Ken Griffin at Citadel's new Miami headquarters building exterior.
Bankruptcy: A New Chapter for Le Penthouse
"Le Penthouse", once New York's priciest apartment, has now been pushed into bankruptcy. This news might sound familiar as Yitzchak Tessler had previously filed bankruptcy papers in June for this penthouse and several other unsold units in his condo.
Le Penthouse building in downtown Montreal undergoes bankruptcy proceedings exterior.
Aaron Peskin's zoning proposal: Protecting small businesses in San Francisco
Venture capitalist Neil Mehta recently purchased eight buildings in San Francisco's Pacific Heights for $100 million to support local businesses, according to a spokesman. However, Supervisor Aaron Peskin is planning to implement temporary measures to ens
San Francisco Supervisor Aaron Peskin presents zoning proposal for small business protection.
Floating Rate Loans Erode Profits on Strong Assets
Chicagoland's multifamily properties struggle as floating rate loans drain cash faster than income. September rate cut could offer relief for landlords.
Businessman stands near a financial chart with declining profit projections.
Island Legend Takes Legal Action Against JLL Executives for Abandoning $2.8B Project
Hockey legend Pat LaFontaine takes legal action against JLL executives for unpaid work on a stalled megadevelopment on Long Island, where he spent most of his career.
Island developer sues JLL executives over abandoned $2.8 billion project in Caribbean.
New York's Iconic Landmark Transforms into Luxury Residences
NoMad Icon to Be Transformed into Luxurious Condos In a move that is sure to shake up the real estate market in NoMad, plans have officially been filed to transform a beloved local icon into a stunning collection of 60 high-end condominium units. This tra
New York City's iconic skyscraper converted into luxury residential apartments.

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