Commercial Real Estate News

• Disney-Fox Deal Signals Accelerated Real Estate Shakeout October 17, 2018
  A 400,000-square-foot lease at Fox Plaza, a Los Angeles office tower featured in the film "Die Hard," is among the real estate holdings that Walt Disney Co. is expected to acquire after closing on its deal to purchase 21st Century Fox. If Walt Disney Co. completes its $71.3 billion acquisition of most of 21st Century […]
• Now Legal, Cannabis Drives Up Canadian Retail Rents October 17, 2018
  Ed Sonshine of RioCan said marijuana users may fit into the profile of tenants at The Well, the massive mixed-use development RioCan and Allied REIT are developing in downtown Toronto. Even before online cannabis sales began across Canada on Wednesday, real estate firm RE/MAX said demand from the marijuana industry had already started turning places […]
• How a Reeling Retail Center in Miami Doubled in Value in Four Years October 17, 2018
  Downtown Dadeland in Miami. Credit: CREC The once-struggling retail part of the mixed-use Downtown Dadeland in Miami has more than doubled in value in four years, a success story rooted in renovations, robust demand for outdoor urban centers, selective tenant choices and efforts to cater to the broader community. Retail developers across the
• Related Companies, Atria Senior Living Make $3 Billion Bet on Luxury Senior Housing for Baby Boomers in Hip, Urban Settings October 17, 2018
  Developer Related Companies and senior housing manager Atria Senior Living plan luxury senior living centers in urban areas, the latest companies to build centers to care for aging baby boomers. Developer Related Companies and senior housing manager Atria Seni
• Salesforce to Double Atlanta Workforce with 600 New Jobs, Expansion at Buckhead High-Rise October 17, 2018
  Salesforce, which makes software to manage client relationships, plans to grow its Atlanta presence significantly with a $12.25 million investment that will see the company add 600 new jobs and expand by three floors at a Buckhead office tower. Salesforce said its Atlanta home, Atlanta Plaza, has been renamed Salesforce Tower Atlanta in honor of […]
• CoStar Analysis: Evaluating the Industrial Real Estate Serving Sears and Other Major Big Box Chains October 17, 2018
  While the demise or perhaps the significant reduction of Sears has been a foregone conclusion for some time, a much less-discussed aspect of the retailer's bankruptcy this week is the potential disposition of its sizable warehouse and distribution real estate totaling around 24 million square feet, of which, 38 percent is owned by the company. […]
• Disney's Scrapping of Luxury Hotel Disrupts Development in Anaheim, California October 17, 2018
  Disney recently canceled plans to build a 700-room luxury hotel next to Disneyland in Anaheim. Rendering credit: Disneyland Resort. The Walt Disney Co.’s recent decision to call off its plans for a luxury 700-room resort hotel next to Disneyland leaves Anaheim, California, behind other destination cities in high-end luxury hotels as a major retail development […]
• Did You Hear? New Jersey Arts Center Hands Development Reins to Lizura October 17, 2018
  Fresh off officially opening the first new residential high-rise in downtown Newark, the New Jersey Performing Arts Center (NJPAC) has set its sights on nearly seven acres of parking lots for its next development.The center realized it needed an executive to focus full time on its development opportunities, and it picked a well-known economic development […]
• 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 […]

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
• Brookfield Buys Two Development Sites in Bronx for $165 Million October 15, 2018
  Brookfield Asset Management, a Toronto-based investment firm, purchased two development sites totaling approximately 4 acres in the Bronx for $165 million in a redevelopment play. Located at 2401 3rd Ave and 101 Lincoln Ave, the two parcels are slated to be redeveloped in a mixed-use development. Current plans for project include more than 1,200 residential […]
• 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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