Commercial Real Estate News

• ICSC RECon Update: #MeToo Comes to ICSC May 23, 2018
  Final Thoughts as ICSCRECon Convention CoverageComes to a Close. Update: 2:00 p.m. (ET) "I thought it was a business meeting, but it was a ‘Can I get your number?’ meeting."  ||
• Chipotle to Move Corporate HQ out of Denver May 23, 2018
  Pictured: 1144 15th St. in Downtown Denver, where Chipotle signed a 126,000-square-foot lease in December for the fast casual restaurant chain's corporate headquarters. The company will now be headed to Newport Beach, CA.Less than six months after announcing that it would relocate its corporate headquarters to the recently completed 1144 15th St. tower, Chipotle Mexican […]
• Rollback of Some Financial Crisis-Era Restrictions Seen Having Minimal Impact on Commercial Real Estate Lending May 23, 2018
  Senate banking committee chairman Mike Crapo (R-Idaho) authored the Economic Growth, Regulatory Relief and Consumer Protection Act, which loosens some restrictions on commercial real estate lending by banks. The U.S. House of Representatives passed legislation Tuesday offering regulatory relief for a range of banking organizations, lifting strict lending rules on thousands of small and medium-sized […]
• San Diego Council Approves $300M Project to Create a City in the Suburbs May 22, 2018
  The San Diego City Council has unanimously approved plans for the $300 million, mixed-use Merge 56 development, among the latest examples of large suburban projects seeking to replicate an urban-style community vibe. Local developer Sea Breeze Properties plans to begin grading in six months and construction could start next year on elements within the 45-acre […]
• 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, the retail industry and reportedly 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 […]
• Bedrock Secures Final Approval for $618 Million in Tax Increment Financing for Detroit Developments May 22, 2018
  Rendering of the 35-story Monroe Block tower in DetroitCredit: Bedrock The Michigan Strategic Fund approved $618 million in tax increment financing for Dan Gilbert's real estate investment and development firm, Bedrock, which said the financial assistance would "clear the final hurdle" in allowing the real estate firm to proceed with four development projects valued at […]
• 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 […]

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

• An error has occurred, which probably means the feed is down. Try again later.

Property Management News