Industry News2019-01-08T18:35:40-07:00

Commercial Real Estate News

  • Oxford Development faces 'Neil Armstrong moment' in seeking RIV approval for new 3 Crossings master plan
    by Tim Schooley on November 20, 2019 at 2:07 am

    New master plan for a second phase of 3 Crossings faces ambiguity over new RIV point system […]

  • New Texas Medical Center hotel secures multimillion-dollar refinancing
    by Jeff Jeffrey on November 20, 2019 at 12:52 am

    InterContinental Houston – Medical Center, a prominent new hotel in Houston’s Texas Medical Center area, has secured a $102 million refinancing loan, the lender announced Nov. 19. The loan was issued via a partnership between Los Angeles-based Cottonwood Group and Seoul, South Korea-based Hana Alternative Asset Management, according to a news release. InterContinental Houston – Medical Center is a 22-story, 354-room luxury hotel located at 6750 Main St., near the intersection of Main Street […]

  • China Oceanwide puts S.F.'s Oceanwide Center, other U.S. holdings on market
    by Blanca Torres on November 20, 2019 at 12:49 am

    The San Francisco project has had a troubled history. […]

  • Final tenant opens in A&B's redeveloped Lau Hala Shops in Kailua
    by Janis L. Magin on November 20, 2019 at 12:45 am

    Alexander & Baldwin marked the final completion of its Lau Hala Shops in Kailua with the opening of Up Roll Cafe, the final tenant in the redeveloped Macy’s building. Up Roll Cafe's Kailua location, which opened Friday, is the third for the locally owned sushi burritos and bowls eatery, which also has locations in Kakaako and at Pearl Highlands Center. Alexander & Baldwin (NYSE: ALEX) began construction on the $21 million project to turn the former department store, which was originally built […]

  • Crane Watch update: Developer under contract to buy San Jose tower project site
    by Matthew Niksa on November 20, 2019 at 12:11 am

    China-based developer Z&L Properties has been working with the city of San Jose for months to sell two residential tower project sites in downtown. It may have finally found a buyer for one of them. Real estate industry sources told the Business Journal earlier this month that a new developer is in contract to buy the site of Z&L's North San Pedro Tower 3 site, but declined to name the developer. Sources also said that Z&L is in talks with several developers for its Park View Towers site. Z&L […]

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  • Employers Prioritize Flexibility for Higher Office Attendance
    on November 20, 2019 at 1:03 am

    Companies want to create a destination to increase office headcounts because face-to-face interaction remains essential for collaboration, says Camille Tighe, a workplace strategist at architecture firm Vocon.      &nbs […]

  • Harbor Group International Closes Deal for New York Multifamily
    on November 19, 2019 at 11:53 pm

    Mill Creek Residential Trust, a national multifamily development and acquisition company, brought the 504-unit apartment community in New York's Rockland County called the Peak of Nanuet.      &nbs […]

  • Safehold Drafts Ground Lease for 685 Third Avenue
    on November 19, 2019 at 10:19 pm

    Safehold Inc., a REIT specializing in ground leases, has agreed to create a $180 million ground lease for 685 Third Avenue, a 31-story office tower one block from Grand Central Terminal.      &nbs […]

  • Home Sweet Home at Home
    on November 19, 2019 at 8:06 pm

    These "aging-in-place" technologies are enabling seniors to enjoy similar living standards and access to care in their own home.      &nbs […]

  • New Rules Coming for EB-5 Program This Week
    on November 19, 2019 at 12:24 pm

    "We have definitely seen a rush to submit petitions before the November 21st deadline. "      &nbs […]

  • Commercial Services Accredited Associations
    on November 19, 2019 at 4:12 pm

    NAR honors the associations who have earned the Commercial Services Accreditation. NAR’s Commercial Services Accreditation assists associations in developing commercial services, engaging members and building brand perception within community. The program, consisting of benchmarks centered on services, was first pioneered in 2008 in collaboration with NAR’s commercial boards & structures. […]

  • Commercial R.E. Coming in From the Cold
    on November 10, 2019 at 2:09 am

    NAR is committed to creating more collaborative opportunities for commercially focused members. […]

  • Housing Experts Discuss 2020 Outlook, Housing Innovation at Realtors®’ Expo
    on November 9, 2019 at 7:30 pm

    Consumer confidence, the employment market and housing innovation were discussed at a commercial forum at the REALTORS® Conference & Expo. […]

  • Commercial Digest, October, 2019
    on October 22, 2019 at 6:35 pm

    In this issue: CREXi-RPR Partnership is live, Q3 Commercial Market Trends & Outlook Report, news from the 2019 REALTORS® Conference & Expo, and more. […]

  • Rising Rents: a Boon to Commercial Investors but a Bane for Renters
    on October 16, 2019 at 4:30 pm

    In the small commercial market (less than $2.5 M) that most REALTORS® do business in, REALTORS® reported strong sales and leasing activity for multifamily and industrial properties. […]