Wall Street Journal
CBRE Global Investors Buys Stake in Three GGP Malls
Mon, 27 Aug 2018 19:35:44 EDT

One of the world's largest real-estate asset managers has purchased a 49% stake in three malls in a deal that values them at more than $1 billion and shows that investors still have an appetite for top-tier retail property...[read more]

FAO Schwarz Is Returning to New York
Mon, 27 Aug 2018 18:52:52 EDT

A dominant presence in Midtown Manhattan for decades before its closure in 2015, the toy store is coming to life again with a new, 20,000-square-foot Rockefeller Center location...[read more]

Sportswear-Maker Puma to Open New York Flagship
Wed, 15 Aug 2018 09:46:49 EDT

Germany's Puma has signed a lease deal to creating a marquee location on Fifth Avenue that will be the first of its kind for the company in North America...[read more]

Kushner Cos., Brookfield Near a Deal for Stake in 666 Fifth Ave.
Wed, 15 Aug 2018 09:46:39 EDT

The real estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to buy roughly a 50% stake in 666 Fifth Ave. and invest hundreds of millions of dollars in the Manhattan office tower, which has been at the center of a controv..[read more]

Sign of the Times: New Office Space Created in Retail's Tumult
Wed, 15 Aug 2018 02:26:32 EDT

Normandy Real Estate Partners' $133 million deal for the upper portion of ABC Carpet's flagship store is an example of office space edging into territory that once was retail's domain...[read more]

Want to Buy a Luxury Hotel in the U.S.? Try China's Insurance Regulator
Wed, 15 Aug 2018 02:23:47 EDT

When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple..[read more]

New York's Commercial Property Slump Shows Signs of Slowing
Wed, 15 Aug 2018 11:37:51 EDT

After a two-year plunge, brokers are optimistic that more deals will take place in 2018...[read more]

NYC Council Stops Midtown Tower Construction
Tue, 14 Aug 2018 20:35:21 EDT

Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,...[read more]

Malls Never Wanted Gyms. Now They Court Them
Wed, 15 Aug 2018 12:38:33 EDT

Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they're giving health clubs some of their best real estate...[read more]

New Jersey Office Rents Near Records
Wed, 15 Aug 2018 12:40:19 EDT

Asking rents for New Jersey office space are nearing records as landlords undertake extensive renovations and fill older properties with top-notch amenities...[read more]

Brookfield Property Makes $14.8 Billion Offer to Acquire Rest of GGP
Tue, 14 Aug 2018 22:25:44 EDT

Brookfield Property Partners LP has made a $14.8 billion offer to acquire the shares of mall owner GGP Inc. that it doesn't already own, according to people familiar with the matter...[read more]

'Little India' Thrives in Central New Jersey
Wed, 15 Aug 2018 11:13:15 EDT

Oak Tree Road, known as "Little India,' has been transformed from a rundown and desolate area to a booming ethnic business district that attracts South Asian customers from Maine to Maryland...[read more]

NYC's Pearl River Mart Will Expand to Chelsea Market
Tue, 14 Aug 2018 00:11:09 EDT

Pearl River Mart, once a casualty of skyrocketing retail rents, is planning to open another 3,500 square-foot store at Chelsea Market in Manhattan...[read more]

Office Spaces Focusing More on Communal Areas
Wed, 15 Aug 2018 10:22:17 EDT

Businesses are beginning to design offices spaces that are increasing the amount of square footage per employee when shared work settings are taken into account...[read more]

Chocolate Giant Ferrero to Look for Innovation at Cornell Tech
Wed, 15 Aug 2018 14:47:39 EDT

Ferrero, Italian manufacturer of sweets and chocolates, is setting up an innovation outpost at Cornell University's technology campus on Roosevelt Island in New York City...[read more]

Shortage of Industrial Space on Long Island Squeezes Tenants
Tue, 14 Aug 2018 21:14:12 EDT

Long Island's shrinking industrial space has placed expanding tenants in a tough spot, forcing them to look east to Suffolk County and off the island entirely, according to real-estate services firm JLL...[read more]

Supermarkets Face a Growing Problem: Too Much Space
Wed, 15 Aug 2018 13:32:30 EDT

A massive build-out by retailers has left the country piled up with grocery shelves as consumers shift from big weekly shopping trips to more snacking and to-go meals...[read more]

Excuse Me, You're Blocking My Sun
Tue, 14 Aug 2018 18:23:37 EDT

Australia's rapid embrace of rooftop panels'now installed on one in four homes in some areas'has collided with another hot spot of investment, construction of apartments and homes...[read more]

1031 Exchange Real Estate Tax Break Faces Extinction
Tue, 14 Aug 2018 20:06:40 EDT

A much-loved tax advantage in the commercial real-estate industry is on the chopping block even as chances dim for the passage of a broad federal tax overhaul this year...[read more]

Mall Tenants Play Hardball In Lease Negotiations
Tue, 14 Aug 2018 20:04:09 EDT

Retailers, food and beverage operators and department store chains looking to renew their leases have been asking for more allowances from mall owners...[read more]

Mall Project Denied on Former Shea Stadium Site
Wed, 15 Aug 2018 09:31:10 EDT

New York's highest court on Tuesday blocked the development of a billion-dollar shopping mall on a Citi Field parking lot in Queens, affirming a ruling that the project needs legislative approval to proceed...[read more]

New Jersey Landlords Sweeten Perks With Ride-Hailing Subsidies
Tue, 14 Aug 2018 23:27:37 EDT

Food trucks and fitness centers are among the amenities that New Jersey office landlords have been using to attract tenants.The latest perk: Subsidies for digital ride-hailing services such as Uber and Lyft...[read more]

McCourt Global Puts Money Into Modular Construction
Wed, 15 Aug 2018 09:31:18 EDT

One of New York City's most prominent investors is betting on modular construction. McCourt Global led a group of investors in a $6 million round of funding for Brooklyn company FullStack Modular LLC...[read more]

Owners of Two Connected Midtown South Buildings Refinance Property
Wed, 15 Aug 2018 09:31:08 EDT

The owners of two connected Midtown South Buildings have secured $430..[read more]

Barclays Buys Revamped Office Complex in North Jersey
Wed, 15 Aug 2018 09:31:16 EDT

A joint venture that revamped a bland New Jersey office campus into a modern complex with an amenity building, a bike-share service and walking trails has sold the property to Barclays PLC...[read more]

J.P. Morgan More Than Triples West Side Space
Tue, 14 Aug 2018 23:27:39 EDT

J.P. Morgan Chase is expanding its office space on Midtown Manhattan's far West Side in a revamped building that has gone from being one of the city's homeliest to a gleaming structure...[read more]

China Life Buys Sprawling Portfolio of Small Market U.S. Real Estate
Tue, 14 Aug 2018 14:50:51 EDT

China Life Insurance Group is buying a 95% stake in 48 commercial properties scattered throughout the U.S. in deal that values the portfolio at $950 million and highlights the growing appetite among foreign investors for real estate in markets they m..[read more]

As Lower East Side Gentrifies, Condo Offers Sprawling Private Garden
Tue, 14 Aug 2018 23:29:08 EDT

Trees, tree house, hilly path, fire pits, telescopes: The One Manhattan Square condo building on the Lower East Side takes the private-garden amenity very seriously...[read more]

New Jersey Ski Resort Files for Bankruptcy
Tue, 14 Aug 2018 23:29:10 EDT

Mountain Creek Resort Inc., a New Jersey ski resort less than two hours from Manhattan, has filed for bankruptcy protection, citing years of above-average temperatures, scant snowfall and missteps by prior owners...[read more]

What's Behind GE's Move From the Connecticut Suburbs to Boston
Tue, 14 Aug 2018 19:10:29 EDT

Chief Financial Officer Jeffrey Bornstein says being near students was a major attraction..[read more]

Apple Headquarters Signals Tech's Boom, Bravado
Wed, 15 Aug 2018 14:15:06 EDT

Apple Inc.'s new headquarters in Silicon Valley is the most lavish in a spate of glitzy new architectural projects by tech titans at a time when their businesses are booming and market valuations are soaring...[read more]

New York Landlords Roll Out Freebies to Attract Tenants
Wed, 15 Aug 2018 10:59:17 EDT

Manhattan office landlords are boosting their use of concession packages such as free rent and remodeling cash to entice tenants to take space...[read more]

NYC Picks Development Team for West Side Mixed-Use Tower
Wed, 15 Aug 2018 10:45:08 EDT

The New York City Economic Development Corp. has tapped a development team to transform a far West Side parking lot into a mixed-use tower with affordable housing, offices and dormitories...[read more]

Developers Aiming to Bring More Dining Diversity to the Bronx
Wed, 15 Aug 2018 10:44:51 EDT

Developers are revamping a former railway station in the Bronx in a..[read more]

Labor Shortage Squeezes Builders
Wed, 15 Aug 2018 10:59:19 EDT

As demand for commercial real estate climbs, contractors say they are seeing shortages of electricians, carpenters and other subcontractor laborers, making it harder to hold down costs...[read more]

Retail Slump Pounds Manhattan Landlords
Wed, 15 Aug 2018 09:23:34 EDT

Asking rents in many of New York City's priciest shopping corridors declined in the first quarter of 2017...[read more]

Target to Open on the Lower East Side
Wed, 15 Aug 2018 14:47:58 EDT

Target Corp. has signed a lease to open a 22,500 square-foot store at the 1.9 million-square-foot development stretching across several Manhattan blocks called Essex Crossing...[read more]

New Jersey Office Market Slump Worsens
Tue, 14 Aug 2018 16:55:00 EDT

New Jersey office leasing for the first quarter hit a multiyear low, as tenants avoid dated corporate campuses and demand proximity to transit and urban amenities...[read more]

Israel's Gazit-Globe Sets Sights on New York
Wed, 15 Aug 2018 10:52:00 EDT

Global retail landlord Gazit-Globe is planning to open a private U.S. subsidiary to invest in real estate in New York and other major metropolitan areas, the company said...[read more]

Office Market Swings in Tenants' Favor
Wed, 15 Aug 2018 12:20:05 EDT

The seven-year expansion in the U.S. office market slowed in many big cities in the first quarter...[read more]

Malls Deploy Technology to Lure---and Keep---Shoppers
Wed, 15 Aug 2018 12:20:01 EDT

Mall landlords faced with declining sales and disappearing stores are deploying smartphones, social media and other technology to lure customers'and then keep them spending...[read more]

New Shopping Centers, More Than the Web, Kill Old Malls
Wed, 15 Aug 2018 12:20:03 EDT

Internet retailing is eating into mall revenue, but competition from newer shopping centers was the most common cause of death for malls over the past decade, according to a recent study...[read more]

Nashville Mall Turns to Madame Tussauds to Draw Crowds
Wed, 15 Aug 2018 12:20:07 EDT

Simon Property Group is hosting the nation's first Madame Tussauds in a shopping mall, part of the retail landlord's push to offer customers new experiences that go well beyond shopping...[read more]

The New Manhattan Office Trend: Penthouses
Wed, 15 Aug 2018 10:56:25 EDT

The addition of glass-walled office spaces atop older buildings is an investment a number of owners are making in hopes of boosting income and competing with newer office buildings in Manhattan...[read more]

One Kings Lane to Open Physical Store in Southampton
Wed, 15 Aug 2018 12:19:59 EDT

Online home dcor and furniture retailer One Kings Lane will open its first brick-and-mortar store in Southampton this Memorial Day weekend, as the company repositions itself from a flash-sale e-commerce site to a home furnishings brand...[read more]

Two More Retail Tenants Sign Onto Fort Lee's Hudson Lights Complex
Wed, 15 Aug 2018 12:19:57 EDT

Developers of a mixed-use project at the base of the George Washington Bridge in New Jersey have added two retailers to the roster of tenants, filling more than 80% of its shopping complex..[read more]

Value of Trump's Golf Clubs Lags Behind Investment Surge
Wed, 15 Aug 2018 14:00:45 EDT

President Donald Trump's golf courses are in the spotlight, but the value of the properties hasn't kept pace with the amount of money he has invested to make upgrades...[read more]

Common Office Spaces Are Also Alluring to Clients
Wed, 15 Aug 2018 11:13:12 EDT

Companies engineering their offices as comfortable environments for employees to work and collaborate are discovering that common spaces have become popular hangouts for a different crowd: their clients...[read more]

Bottle Maker Quadruples Manhattan Office Space
Wed, 15 Aug 2018 15:12:02 EDT

S'well Bottle, a maker of reusable beverage bottles, has quadrupled its office space, landing a two-year sublet in the Flatiron District of Manhattan, the company announced...[read more]

Short Sellers Target Mall REITs
Wed, 15 Aug 2018 10:55:06 EDT

Bearish bets on retail-focused real estate investment trusts have risen, reflecting short sellers' belief that mall landlords will struggle...[read more]

Coming Soon to Your Local Mall: Celery and Dog Food
Wed, 15 Aug 2018 10:55:04 EDT

Mall landlords are now eagerly courting a type of retailer they once ignored: grocery stores, such as 365 by Whole Foods Market, Wegmans and Kroger...[read more]

New Jersey Complex Finds New Life as a Home for Several Firms
Wed, 15 Aug 2018 09:03:22 EDT

A 110-acre research complex in Bridgewater, N.J., seemed poised a few years ago to join the growing ranks of suburban office campuses left for dead, but a joint venture of investors is breathing life into the property...[read more]

New York City's Nonprofit, Public Sector Leases Up 78% in 2016
Wed, 15 Aug 2018 10:55:02 EDT

The nonprofit and public sectors recorded their most active year for real estate deals in New York City since the recession, driven by health care mergers, the search for less expensive space and organizations looking to cash in on property they owne..[read more]

Meal-Kit Delivery Service Plated Expands Offices in Chelsea
Wed, 15 Aug 2018 10:54:34 EDT

Meal-kit delivery service Plated has found room to grow in Chelsea, despite the area's low vacancy rate for office space...[read more]