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Commercial Real Estate News

Commercial Real Estate News from the Wall Street Journal

  1. Shortage of Industrial Space on Long Island Squeezes Tenants
    Long Island’s shrinking industrial space has placed expanding tenants in a tough spot, forcing them to look east to Suffolk County and off the island entirely, according to real-estate services firm JLL.
  2. Supermarkets Face a Growing Problem: Too Much Space
    A massive build-out by retailers has left the country piled up with grocery shelves as consumers shift from big weekly shopping trips to more snacking and to-go meals.
  3. Excuse Me, You're Blocking My Sun
    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.
  4. 1031 Exchange Real Estate Tax Break Faces Extinction
    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.
  5. Mall Tenants Play Hardball In Lease Negotiations
    Retailers, food and beverage operators and department store chains looking to renew their leases have been asking for more allowances from mall owners.
  6. Mall Project Denied on Former Shea Stadium Site
    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.
  7. New Jersey Landlords Sweeten Perks With Ride-Hailing Subsidies
    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.
  8. McCourt Global Puts Money Into Modular Construction
    One of New York City’s most prominent investors is betting on modular construction. McCourt Global led a group of investors in a $6 million round of funding for Brooklyn company FullStack Modular LLC.
  9. Owners of Two Connected Midtown South Buildings Refinance Property
    The owners of two connected Midtown South Buildings have secured $430
  10. Barclays Buys Revamped Office Complex in North Jersey
    A joint venture that revamped a bland New Jersey office campus into a modern complex with an amenity building, a bike-share service and walking trails has sold the property to Barclays PLC.

Commercial Property News from the Financial Times

  1. Former Pemex chief denies he took $10m in bribes from Odebrecht
  2. Balfour Beatty boss Leo Quinn gets on with the job
    Three-phase project built on firm foundations and might be finished on time
  3. Balfour Beatty lifts dividend by a third on first-half profits boost
    UK construction group on track for ‘industry-standard margins’ signals confidence in recovery
  4. Opening Quote: Balfour Beatty builds to last – at last
  5. Balfour Beatty profits rise as turnround efforts bear fruit
  6. In nervy UK construction sector, Henry Boot stands on solid ground
    Family influence helps company stand apart from rivals whose shares have been sliding
  7. UK construction showing signs of slowdown
  8. HeidelbergCement: mixed bag
    Industry trends look broadly negative but weak trading figures should not endure
  9. Bridgepoint nears deal to buy Miller Homes
    Private equity group expected to pay about £655m for UK housebuilder
  10. Network Rail to open infrastructure projects to tender
    UK transport group aims to upgrade stations, track and technology

Commercial Property News from Property Week

  1. Virgin-backed tech pioneer picks London for international hub
    US satellite telecoms start-up OneWeb - which is promising to revolutionise the way the world receives broadband - is set to open its first office in London in a huge vote of confidence in the UK tech community.
  2. China looks to limit investment in overseas property
    The Chinese government has issued fresh guidelines to regulate overseas investments that could further restrict companies seeking to invest in real estate outside the country.    
  3. FTSE 100 falls despite strong retail figures
    The FTSE 100 fell 0.61% to 7,388 points on Thursday, despite better than expected retail sales figures.
  4. Two landlords to knock down parts of their shopping malls
    Landlords of two shopping centres in the North West are planning to demolish parts of their schemes in the face of high vacancy rates.
  5. Cyclebar sets the wheels in motion for UK market debut
    One of the largest indoor cycling studio brands in the US is gearing up for its UK debut and is on the hunt for at least 50 sites - mainly outside the capital.
  6. Brent Cross to welcome Orla Kiely debut store
    Dublin designer Orla Kiely has signed to open her first shopping centre pop-up store at Hammerson and Standard Life’s Brent Cross Shopping Centre.
  7. Safeland FD quits firm
    Mark Beveridge, finance director and company secretary at Safeland, is set to leave the firm to pursue new business interests.
  8. St Modwen signs first letting at Burton park
    St Modwen has secured the first letting at its 1m sq ft industrial and distribution scheme Burton Gateway commercial business park in Burton-on-Trent.
  9. Mark Allnutt to head up UK business at build-to-rent specialist Greystar
    Build-to-rent giant Greystar has appointed Mark Allnutt to head up its business in the UK.
  10. New aparthotel firm funds first schemes
    A new aparthotel firm called Stow-Away has secured financing for its first two projects in Birmingham and London.