Commercial Real Estate Industry News
A collection of Commercial Real Estate latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Will commercial real estate pause for presidential election?
How does the current White House administration deal with property ownership? Are there tax breaks if you occupy your business home? What about borrowing costs? (iStockphoto) My inbox is full! Today, I will parse through the noise and attempt to…
How to survive the Covid-19 retail apocalypse
Aside from tourism and commercial real estate, it's hard to imagine an industry that has been as devastated by Covid-19 as retail. In the US, malls are empty. Big brand chains from J Crew to Brooks Brothers to Lord & Taylor have filed for…
Beverly Hills' Luxe Rodeo Drive shuts down in first of many hotel closures predicted by experts
Located on one of the world's most expensive strips of commercial real estate, the upscale Luxe Rodeo Drive hotel has closed, a casualty of a pandemic that is likely to put more hotels out of business. The 86-room hotel, which for 27 years shared a…
New York City offices are on the comeback trail
Selfie taken by Jonathan Mechanic, chairman of Fried Frank's Real Estate Department. Jonathan Mechanic, chairman of the Fried Frank law firm's powerful real-estate practice, is thrilled that his division completed major deals over the…
Boulder County-area commercial landlords prepare to 'get serious' regarding unpaid rents
Stephen Tebo, Tebo Properties CEO, poses for a portrait at one of his commercial real estate properties in Boulder on Wednesday. (Matthew Jonas/Staff Photographer) Eighteenth-century Irish statesman and philosopher Edmund Burke once opined that…
How a swimmer is capitalizing on the 'Amazon effect'
Chris DeJong is a lifelong swimmer, whose aspirations of Olympic competition were frustrated by just three tenths of a second. DeJong turned disappointment into opportunity when he started teaching swim lessons and discovered a path to create a…
Western Sydney University to offload shopping centre
Western Sydney University is offloading a newly built neighbourhood shopping centre and an adjoining residential development site next to the Nepean Hospital, a TAFE and the university's campus in Kingswood, with sources expecting they could sell…
Singapore's Ascendas buys into Macquarie Park
Singapore's largest office and industrial property trust, Ascendas REIT, has struck a $167.2 million deal to acquire an office tower under development in Sydney's Macquarie Park, as suburban markets prove increasingly attractive to offshore…
Coronavirus pandemic leaves Boston's Newbury Street with empty stores
BOSTON, MA. - SEPTEMBER 18: Businesses closed at 172 Newbury Street on September 18, 2020 in Boston, Massachusetts. (Staff Photo By Matt Stone/ MediaNews Group/Boston Herald) More than 55 storefronts and office properties on Boston's iconic Newbury…
N.J. Top Workplaces: Ranking reveals the 40 employers who took home top honors
Working for a company where you believe you're making a valuable contribution and your work is appreciated can often feel like the difference between a day job and a meaningful career. Wondering which organizations stand out as New Jersey's Top…
E-commerce doubles retailers' need for warehouse space
'Industrial, while a consensus long position for real estate, is a bright spot as a key beneficiary of the shift to e-commerce as supply chains adapt and logistics operators adjust to changing consumer behaviour,' the report said. 'Demand for space…
Experts Warn of Massive Hotel Closures
While airlines are center stage as they wage a battle for more federal aid to avoid layoffs in 10 days, lodging is in equally dire straits, experts say. In a startling report from the Los Angeles Times, industry experts warn that massive hotel…
BW Smart Cities
There are 2,650 Akshaya centres in Kerala, 10,558 e-Sevai centres in Tamil Nadu, 4,512 meeSeva centres in Telangana and 11,105 meeSeva centres in Andhra Pradesh.
Bentonville co-working firm expanding with second location
Jon Cadieux has a message for everyone who says working in an office, instead of working from home, is a shrinking market because of the COVID-19 pandemic — pump the brakes. Cadieux is the principal owner of NWA Workplaces, a shared office…
Breaking virtual ground: Blockchain-secured land entices real estate investors
In the “real” world, real estate has historically been seen as a viable investment. Individuals and corporations usually purchase land and property either for development or to sell at a higher price in the future. With the world…
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