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Commercial Real Estate News


Commercial Real Estate News from the Wall Street Journal

  1. 'Little India' Thrives in Central New Jersey
    Oak Tree Road, known as “Little India,” has been transformed from a rundown and desolate area to a booming ethnic business district that attracts South Asian customers from Maine to Maryland.
  2. NYC's Pearl River Mart Will Expand to Chelsea Market
    Pearl River Mart, once a casualty of skyrocketing retail rents, is planning to open another 3,500 square-foot store at Chelsea Market in Manhattan.
  3. Office Spaces Focusing More on Communal Areas
    Businesses are beginning to design offices spaces that are increasing the amount of square footage per employee when shared work settings are taken into account.
  4. Chocolate Giant Ferrero to Look for Innovation at Cornell Tech
    Ferrero, Italian manufacturer of sweets and chocolates, is setting up an innovation outpost at Cornell University’s technology campus on Roosevelt Island in New York City.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. 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.

Commercial Property News from the Financial Times

  1. Interserve faces Herculean task in cleaning up its house
    New management will need to restructure the business with the help of their accountants
  2. Hochtief makes €19bn counterbid for Abertis
    ACS-controlled construction group seeks to beat €16.3bn offer from Atlantia
  3. Travis Perkins on track despite ‘cautious’ outlook
  4. Chinese property boom props up Xi’s hopes for the economy
    Real estate development helped put the economy in a good place but is the demand sustainable?
  5. How to Brexit-proof your investment portfolio
    Be a bit braver for a bit longer to beat the bear market
  6. Carillion confirms multiple proposals to buy healthcare arm
  7. August UK construction jump not enough to reverse downward trend
  8. LafargeHolcim finance director to leave after less than 2 years
    Departure announced weeks after change of chief executive at Swiss cement group
  9. LafargeHolcim’s finance director to depart after less than 2 years
  10. UK housebuilders hope for more Help-to-Buy cash
    Industry eyes Tory conference for boost to flagship home scheme

Commercial Property News from Property Week

  1. Urban & Civic acquires 5,000-home site in Northamptonshire
    Urban & Civic has bought 907 acres of consented land at Priors Hall in Northamptonshire for £39.9m from Deloitte, which was acting as administrator. 
  2. Harworth gets green light for 800-home Nottingham scheme
    Harworth Group has been granted planning permission for a mixed-use development of the former Thoresby Colliery in Nottinghamshire, comprising 800 homes and 250,000 sq ft of commercial space.
  3. London pub and restaurant portfolio hits market for £70m
    A 16-strong portfolio of London licensed leisure properties has come to the market with an asking price of £69.55m.
  4. Henderson Park snaps up Los Cubos in Madrid for €52m
    Henderson Park has bought the Los Cubos office building in central Madrid from Realia Inmobiliaria for a price believed to be around €52m (£46m).
  5. CR makes four European hires
    Pan-European real estate adviser, asset and investment manager CR has announced four new appointments across the UK, Netherlands and Spain.
  6. Schroders buys £27m DIY store in Germany
    Schroder Real Estate Kapitalverwaltungsgesellschaft has acquired a DIY centre in Brunswick, Germany, from M7 Real Estate for €30m (£27m).
  7. L&G boosts BTR team with new hire
    Legal & General has boosted its build-to-rent team with the appointment of James Robson as residential development manager taking the team to eight.
  8. Network Rail sells logistics centre for £35m
    Network Rail has sold its National Logistics Centre in Ryton, Coventry, to the West Midlands Pension Fund for £35m.
  9. Investcorp completes first European portfolio ​
    Investcorp has completed its first European real estate portfolio deal with the acquisition of seven UK industrial assets for £40m.
  10. Middlewood Locks boosted by £34.7m HCA funding
    Scarborough International Properties has revealed its joint venture company FairBriar International has received £34.7m funding from the Homes and Communities Agency (HCA) for its 24.5 acre Middlewood Locks development in Manchester.