Commercial Real Estate News

• Houston-based Transwestern, Canada's Devencore Launch US-Canadian Partnership October 17, 2018
  "We didn't want to be sold to a public company. We send a lot of business to the U.S. We needed another partner." --Rob Renaud, managing principal and broker of record for Devencore Realties Corp. Houston-based Transwestern is teaming up with fellow commercial real estate firm Devencore, as the two private players strike a strategic […]
• Sears' Bankruptcy Could Put Prime Mall Locations in Play October 16, 2018
  Sears Holdings is determining the future of stores across the country as part of its Chapter 11 bankruptcy protection filing. Some mall owners are welcoming the Sears Holdings bankruptcy filing as an opportunity to replace anchor stores that haven’t been attracting customers with more profitable outlets. New York-based real estate investment trust Kimco Realty, for […]
• Exclusive: Historic Television City Studio Lot in Los Angeles Goes Under Contract to Local Developer October 16, 2018
  Los Angeles real estate developer Hackman Capital is in negotiations to acquire broadcasting giant CBS Corp.'s historic Television City studios in the heart of Los Angeles. Credit: Alan Light, Flickr Broadcaster CBS Corp. selected Los Angeles real estate investor Hackman Capital Partners to acquire its historic Television City studio lot, a 25-acre Los Angeles property […]
• Seattle's Commercial Real Estate Bears the Mark of Billionaire Paul Allen October 16, 2018
  The Museum of Pop Culture was Paul Allen’s most unusual development. Image Credit: U.S. Department of State. Paul Allen had a passion for commercial real estate development. While he is perhaps best known for co-founding Microsoft Corp. four deca
• Buyers From U.S., Around the World Targeted in Sale of Rare Toronto House Amid Condo Towers October 16, 2018
  A house at 1067 Yonge St. in Toronto, one of the few remaining on the city's main drag, goes up for sale next week. Buyers from around the world are being solicited for a rare chance next week to own a century-old, house-turned-office building in the middle of Toronto's busiest skyscraper-filled thoroughfare when 1067 Yonge […]
• Beyond Bed & Bath: Real Estate Beckons to Specialty Grocers as Home Decor Chains Close Stores October 16, 2018
  Fresh produce in specialty grocery stores may be edging out household items in more retail space. When it comes to retail real estate, the kitchen is edging out the bedroom. Across the country, closed Mattress Firm outlets and Bed, Bath and Beyond stores may be replac
• Did You Hear? JLL Sets Sights on Sunshine State Growth October 16, 2018
  Jones Lang LaSalle sees opportunities for increased growth in Florida, the third-largest state in the U.S., and it’s hired an executive from rival Cushman & Wakefield to lead the charge.Tim Rivers, who spent the previous five years as senior managing director of asset services in Cushman’s Florida market, started last month as Florida market director […]
• Sears Files for Bankruptcy as Retailer Seeks to Reorganize Around 'Smaller Store Platform' October 15, 2018
  National retailer Sears Holdings filed for protection from creditors. Sears Holdings, the 125-year-old national retailing icon that defined how -- and where -- America shopped for more than a century, filed for bankruptcy protection Monday. It is the latest move in a wretched saga that has defined the past decade
• Federal 'Opportunity Zone' Investment Rules May Come This Month as Cost Estimates Rise October 15, 2018
  Projects like the proposed Colorado Outdoors Recreation Business Park in Montrose, Colorado, are in areas covered by the federal Opportunity Zone program that may get final guidelines this month. Final guidelines may come this month from the federal government that could open tens of billions of dollars of new commercial real estate investment in economically […]
• California Ballot Measure Seeking to Cap Profits at Dialysis Clinics Prompts Closing Concerns October 15, 2018
  A California ballot proposition that would cap profits at fast-growing dialysis clinics has set up a clash between labor unions and two of the largest kidney care providers that rank among the top U.S. commercial property tenants. The fight has become the state's most expensive campaign competition leading into next month's state election and could […]

NY / Southern CT Commercial Real Estate News

• Hartz Mountain Buys Newsday Site in Long Island for $54.5 Million October 16, 2018
  Newsday's headquarters at 235 Pinelawn Rd. in Melville, New York. Expanding its portfolio to Long Island, Hartz Mountain Industries Inc. has acquired the Newsday headquarters and newspaper printing facility for $54.5 million with plans to develop the site for industrial-distribution use. The Secaucus, New Jersey-based real estate firm, whose history is rooted in the Mea
• Chestnut Holdings Pays $26 Million for 12-Story Office in Yonkers October 12, 2018
  Bronx-based investment firm Chestnut Holdings purchased a 12-story office building in Yonkers, New York, for $26 million, or about $175 per square foot. Chestnut Holdings acquired the complex from Fairfield, Connecticut-based Abbey Road Advisors LLC, which originally purchased the office building in 2007, according to CoStar data. Located at 20 S. Broadway, the 148,593-square-foot building […]
• Colliers International COO Kim Brennan to Join CBRE October 10, 2018
  By: Linda Moss and Diana Bell Kimberly Brennan is leaving Colliers International, where she was chief operating officer for its New York tri-state region operation, to join CBRE Group Inc. as senior managing director, a new position at the company, in New York. In an internal memo Wednesday, Matt Van Buren, president of CBRE's Northeast […]
• Brooklyn Firm Sells Six-Story Apartment Complex in Bronx for $7.3 Million October 2, 2018
  Brooklyn-based firm Fieber Realty Co. sold a six-story apartment complex in the Bedford Park neighborhood of Bronx to a private investor taking title as 226 E 203 LLC for $7.3 million, or about $169,000 square feet. Located at 226 E. 203rd St., the multifamily building was built in 1928. The apartment complex includes 43 units, […]

Hartford Commercial Real Estate News

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