Commercial Real Estate News

• ICSC RECon Update: IKEA Centres Wants You, U.S. Retailers! May 23, 2018
  Day Two of Ongoing ICSCRECon Convention Coverage. Update: 2:30 p.m. (ET) U.S. retailers looking for a way to expand into China or Russia can find a gateway through IKEA Centres, the shopping c
• JCPenney Chairman Abruptly Exits Post to Take CEO Job at Lowe's Home Improvement Chain May 22, 2018
  Marvin Ellison. Credit: Lowe's Companies In a move that caught many investors, industry and reportedly to even J.C. Penney Co. itself by surprise, Lowe's Companies Inc. this morning named Marvin R. Ellison, JCPenney's chairman and CEO, as its new president and CEO. Ellison, a former top executive for Home Depot before joining JCPenney, succeeds longtime […]
• Developers: No Condo Craze in Store in Boston Despite Strong Buyer Interest May 21, 2018
  Developers included a pair of condo towers totaling 153 units as part of the largescale Ink Block mixed-use development in Boston's South End. Builders in Boston have started to deliver some high-profile condo projects, a property trend mirrored in some other major cities around the country, leaving some to wonder if another "condo-craze" is set […]
• Brookfield Deal Raised Profile of San Diego-Based OliverMcMillan May 21, 2018
  Pictured: A recent Urban Land Institute forum in San Diego featured (from left) Brookfield Residential President Adrian Foley, OliverMcMillan CEO Dene Oliver and forum moderator John Burns, CEO of John Burns Real Estate Consulting.Courtesy: Lou Hirsh.When mixed-use developer OliverMcMillan was acquired earlier this year by Brookfield Residential, the impact was akin to having “giant turbochargers” […]
• Blackstone Emerges as Winner in Bidding War for LaSalle Hotel Properties May 21, 2018
  LaSalle Hotel Properties owns 41 hotels totaling 10,400 rooms in 11 markets, including the 120-room L'Auberge Del Mar Resort & Spa in San Diego County. Three days after disclosing plans to sell its remaining shares in Hilton Worldwide Holdings in what The Wall Street Journal termed "the most profitable private-equity investment in real estate ever," […]
• Musk's High-Speed Tunnels Could Give Real Estate a Boost May 21, 2018
  Inventor Elon Musk during a town hall presentation in Los Angeles last week on the first steps of the Loop pilot project by his high-speed transit firm, The Boring Company. Credit: The Boring Co. If Elon Musk’s proposal to build a series of hyperloop transit tubes under Los Angeles to help defeat traffic comes to […]
• San Diego-Based REITs Maintain Calm Amid Retail Storms May 17, 2018
  Recent acquisitions by San Diego-based Retail Opportunity Investments Corp. include the King City Plaza shopping center in Oregon, which the company said is under contract for $15.6 million. Amid the assault from Amazon.com, continued chain-store closures and heightened consolidation among major shopping center owners, three San Diego-headquartered real estate investment trusts appear to be surviving […]
• Jump in Interest-Only Loans in CMBS Raises Caution Flag May 17, 2018
  CoStar analysts are tracking a little-considered data point that could suggest trouble on the horizon for commercial real estate. Owners of commercial real estate are carrying interest-only loans at a higher rate than they did right before the last recession. However, leverage levels on debt remain nowhere near the danger levels of 2007. But the […]
• Analysis: Will Bidding War Break Out for Global Workspace Provider IWG? May 17, 2018
  LONDON--What once seemed merely takeover rumors has now given way to an apparent bidding war: London-based International Workspace Group, formerly known as Regus, disclosed last Friday that it had received separate takeover proposals from private equity groups Lone Star, Starwood Capital and TDR Capital. IWG said there was no certainty any final bid would be […]
• Castle Rock - A Small Colorado Town Attracting Big Development May 17, 2018
  Pictured: Riverwalk, Confluence Cos.' $60 million mixed-use project currently under construction in downtown Castle Rock.The town that has long been a stop between Denver and Colorado Springs, CO for outlet shopping has become a development destination in its own right, with new projects of all kinds adding up to

NY / Southern CT Commercial Real Estate News

• Newmark Adds to Valuation/Advisory Practice with New Teams, Hires in NYC and Florida May 15, 2018
  Newmark Knight Frank (NKF) has announced the addition of two new valuation and advisory teams based in New York City and the Florida markets of Boca Raton and Miami. The newly formed Tri-State team includes industry veterans Matt Victor, Joe Ferranti and Jeff Mayer. Victor, a senior managing director, will lead the tri-state multihousing team […]
• H&R REIT Agrees to Sell $633 Million U.S. Retail Portfolio May 14, 2018
  Pictured: A Home Depot in Strongsville, OH, one of 63 retail properties H&R REIT is expected to sell this June in a $633 million deal.Toronto-based H&R Real Estate Investment Trust said Monday it has entered into an agreement to sell 63 retail properties in the United States for US$633 million. The company did not list […]
• American Dream Meadowlands Remains Set for Spring 2019 Debut May 9, 2018
  Construction continues at the American Dream Meadowlands retail and entertainment site, though developers say the project could deliver soon.Credit: Triple Five Worldwide Long-awaited and long-d

Hartford Commercial Real Estate News

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