In the News

Industry Report: Slower But Steady CRE Market in 2017

October 21, 2016    

The Urban Land Institute’s most recent commercial real estate survey has revealed the CRE market’s anticipated trajectory. CRE has benefitted from six consecutive years of growth, but the experts polled by ULI predict that it will taper off by 2017. The slower growth in property...

Marijuana Dispensaries Come to Pennsylvania Shopping Centers

October 21, 2016    

Pennsylvania commercial real estate owners and tenants are both about to the feel the impact of the Keystone state’s recent decision to legalize medical marijuana. That’s because dispensaries will be looking for space in shopping centers, which could be lucrative for owners whose...

Closing Internet Sales Tax Loophole Opens Opportunities for Owners, Tenants

June 19, 2015    

A new bill that would require online retailers to collect and remit state sales taxes has been introduced by U.S. Reps. Jason Chaffetz, R-Utah, and Steve Womack, R-Ark. The Remote Transactions Parity Act (H.R. 2775) follows Womack’s Marketplace Fairness Act, which passed in the Senate last...

New Standard for Measuring Office Space Takes Effect

December 11, 2014    

The International Property Measurement Standard for Offices (IPMS for Office Buildings) took effect last month, creating a uniform method for measuring property globally. By replacing dozens of standards around the world, the new standard is expected to eliminate confusion, inconsistencies, and...

Virginia Owners Look to Make More Bucks from Food Trucks

October 23, 2014    

Shopping center patrons and office park workers in Fairfax County, Va., have a hunger for food truck fare. But strict zoning rules–including a $16,375 fee—were making it difficult for food trucks to get the county’s permission to operate. Earlier this month, however, the county...

Landlords Fear Effects of NYC Council CRE Bill

September 29, 2014    

The commercial real estate industry is up in arms over a New York City Council bill that aims to change the city’s commercial lease renewal process. One effect of the proposed Small Business Jobs Survival Act would be the creation of a new city-supervised mediation program for lease...

Secondary Markets Heading into First Place

September 29, 2014    

A 2014 Commercial Real Estate Outlook Survey conducted by tax advisory firm KPMG shows that secondary markets are proving to be a first choice for many commercial real estate executives as the economy continues to pick up. CRE investors are looking to develop assets and deploy capital in...

New Tenants Dress Up NYC's Garment District

August 26, 2014    

Retailers are increasingly weaving their way through Manhattan’s Garment District, setting up shop in the neighborhood that was once very specialized and catered to the fashion industry. Now, retailers, cafes, and upscale restaurants are taking over storefronts—and landlords are...

Mall's Fate Up in Air After Non-Absolute Auction

August 13, 2014    

A Bradenton, Fla., 41-year-old shopping mall was on the online auction block recently, with the winning bid ultimately reaching $33.75 million. Empty storefronts have plagued DeSoto Square Mall for years, but a new owner isn’t necessarily the answer—and there will still be...

Senate: Terrorism Risk Help for CRE Industry

July 25, 2014    

On July 17, the Senate passed the Terrorism Risk Insurance Program Reauthorization Act of 2014, extending the original Terrorism Risk Insurance Act (TRIA)—enacted in 2002 following the events of 9/11—for an additional seven years. Many CRE industry participants have been advocating...

CRE Investors' India Bet About to Pay Off

June 25, 2014    

The world’s largest real estate investor has kicked off a trend that’s being picked up in the CRE world. Blackstone Group LP has led a wave of investors in Indian commercial property. Blackstone representatives said that there has been rental growth in almost all markets, and tenants...

Brooklyn Office Complex Lures Large E-Tailer

May 27, 2014    

The e-commerce purveyor of vintage and handmade goods, Etsy, has signed a lease for a substantial amount of space in Brooklyn to set up its headquarters. The company, which was founded in New York, has chosen to set up shop in the former Jehovah’s Witnesses’ Bible-printing plants...

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