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Commercial Real Estate News

Commercial Real Estate News from the Wall Street Journal

  1. New Jersey Office Market Slump Worsens
    New Jersey office leasing for the first quarter hit a multiyear low, as tenants avoid dated corporate campuses and demand proximity to transit and urban amenities.
  2. Israel's Gazit-Globe Sets Sights on New York
    Global retail landlord Gazit-Globe is planning to open a private U.S. subsidiary to invest in real estate in New York and other major metropolitan areas, the company said.
  3. Office Market Swings in Tenants' Favor
    The seven-year expansion in the U.S. office market slowed in many big cities in the first quarter.
  4. Malls Deploy Technology to Lure---and Keep---Shoppers
    Mall landlords faced with declining sales and disappearing stores are deploying smartphones, social media and other technology to lure customers—and then keep them spending.
  5. New Shopping Centers, More Than the Web, Kill Old Malls
    Internet retailing is eating into mall revenue, but competition from newer shopping centers was the most common cause of death for malls over the past decade, according to a recent study.
  6. Nashville Mall Turns to Madame Tussauds to Draw Crowds
    Simon Property Group is hosting the nation’s first Madame Tussauds in a shopping mall, part of the retail landlord’s push to offer customers new experiences that go well beyond shopping.
  7. The New Manhattan Office Trend: Penthouses
    The addition of glass-walled office spaces atop older buildings is an investment a number of owners are making in hopes of boosting income and competing with newer office buildings in Manhattan.
  8. One Kings Lane to Open Physical Store in Southampton
    Online home décor and furniture retailer One Kings Lane will open its first brick-and-mortar store in Southampton this Memorial Day weekend, as the company repositions itself from a flash-sale e-commerce site to a home furnishings brand.
  9. Two More Retail Tenants Sign Onto Fort Lee's Hudson Lights Complex
    Developers of a mixed-use project at the base of the George Washington Bridge in New Jersey have added two retailers to the roster of tenants, filling more than 80% of its shopping complex
  10. Value of Trump's Golf Clubs Lags Behind Investment Surge
    President Donald Trump’s golf courses are in the spotlight, but the value of the properties hasn’t kept pace with the amount of money he has invested to make upgrades.

Commercial Property News from the Financial Times

  1. Astra’s pivot point might not come until 2018
    Much will depend on drug trial data readouts in the second half of this year
  2. Lafarge chief’s departure leaves vacuum at top
    Eric Olsen’s exit after controversy in Syria could hit performance, warn analysts
  3. Panasonic ups PanaHome offer after activist anger
    Bid to own all of housebuilder seen as test of Japan’s corporate governance reforms
  4. LafargeHolcim chief to step down over Syria probe
    Departure comes after probe into ‘unacceptable’ operations at Jalabiya plant
  5. Shareholders urged to oppose Persimmon pay deal
    Glass Lewis attacks long-term plan while Pirc calls on investors to abstain
  6. Hinkley Point nuclear project powers ahead
    Britain’s first new reactor since the 1990s takes shape in Somerset
  7. Building materials groups face rising import costs
    Weak consumer confidence and fierce competition also weigh on companies
  8. Wessels family to net €800m from VolkerWessels IPO
    Dutch construction group eyes €2bn market cap with listing in Amsterdam
  9. Geoff Drabble, Ashtead CEO, on riding Trump’s infrastructure pledge
    The equipment-hire company has one of the world’s biggest fleets of diggers and dumpers
  10. Property slowdown hits demand for McCarthy & Stone
    Lower forward orders push retirement housebuilder’s profits down 25%

Commercial Property News from Property Week

  1. Silvertown to house Europe’s biggest ‘esports’ hub
    The Silvertown Partnership plans to build a 300,000 sq ft hub for competitive video gaming as part of the first phase of its £3.5bn regeneration project at the Royal Docks.
  2. Khan refuses to back £200m Garden Bridge proposals
    The Mayor of London Sadiq Khan has withdrawn his support for the Garden Bridge project saying he would not provide the financial guarantees needed for construction to begin, making the proposed bridge unlikely to proceed.
  3. Monument Building on the market for £130m
    Skanska has put the City of London office, the Monument Building, on the market for £130m.
  4. Platform_ picks Sheffield for first new-build development
    Private rented sector developer Platform_ is set to deliver its first new-build scheme after buying a Sheffield city centre site for a 300-unit, £75m project, Property Week can reveal.
  5. KWE re-gears Telegraph’s 125,000 sq ft lease in Victoria
    Kennedy Wilson Europe Real Estate has carried out a series of leasing deals across its portfolio.
  6. New signings unveiled at Lexicon Bracknell
    Legal & General Capital and the Schroder UK Real Estate Fund have signed up four new retailers for their £240m Lexicon Bracknell scheme.
  7. General Projects tries new Technique at Laser House
    A former printing press and gin distillery in London’s Clerkenwell is set to be transformed into a new office, art and cultural hub for the creative industries.
  8. Standard Life to cash in on West End uptick
    Standard Life Investments has hoisted a £125m for-sale sign over a prime West End office on the back of a record quarterly performance in the market.
  9. Barings hires Marco Corti in Italy
    Barings has announced that it has appointed Morco Corti as director, transactions and asset management in Italy.
  10. JR Capital kicks off £75m London office investment with reversionary Shoreditch purchase
    JR Capital has completed a reversionary purchase of an office investment in Shoreditch as part of a planned deployment of £50m-£75m of equity in central London over the course of 2017.