In the News

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...

CRE Forecast: U.S. Growth Surges Ahead

April 30, 2014    

A new U.S. real estate forecast based on a survey of 39 of the industry’s leading economists and analysts shows that commercial property transactions are expected to rise over the next two years to levels not seen since before the recession—exceeding the volumes hit in 2006. The...

Urban Area Lawmakers Push for TRIA Extension

April 10, 2014    

Lawmakers in California and New York are drawing attention to the Terrorism Risk Insurance Act (TRIA), which was enacted in 2002 because the private insurance marketplace was failing to provide adequate terrorism insurance coverage following the events of 9/11.

Passage of TRIA stabilized...

Tech Tenants ‘Like’ Midtown South Submarket

March 26, 2014    

Technology and media are benefitting Broadway in a big way, as Facebook expands its office space in Manhattan’s Midtown South neighborhood—exercising a lease option that will give it 60 percent more room to spread out.

The social networking firm initially leased 100,000 square...

CRE Roundtable: Room for Improvement as Market Moves Forward

February 26, 2014    

The Real Estate Roundtable’s latest quarterly Sentiment Survey has some good news for CRE owners and investors: U.S. commercial real estate markets continue their gradual recovery from recession—as reflected by improving fundamentals, transaction volumes, and capital flows—and...

Study: Manhattan CRE Recovering from Sandy

January 28, 2014    

In some good news for New York City commercial real estate, an overwhelming majority of survey participants have changed their outlook on the fate of Lower Manhattan real estate post-Hurricane Sandy. Of more than 100 executives surveyed by accounting firm Marks Paneth & Shron LLP, only 6...

Cautious Optimism Leading CRE into New Year

December 17, 2013    

The findings from a recent CIT Group Inc. survey may make 2014 a little brighter for the CRE industry. That’s because middle-market commercial real estate executives are expressing cautious optimism toward the market and are looking to take advantage of long-term investment opportunities,...

Hollywood Comes to Brooklyn Navy Yard

November 22, 2013    

Governor Andrew Cuomo has announced that New York State is increasing its support for Steiner Studios’ media campus project in north Brooklyn, bringing its total financial assistance to $11.3 million. The contributions will enable the largest film company outside of Hollywood to finance...

Malls Get Second Life as High-Tech Company Campuses

September 22, 2013    

A former shopping mall will be the new site of Google, Inc. after what has been described as the year’s biggest commercial real estate lease deal so far in Silicon Valley. The mall, which is being revamped into office space, is in Mountain View, Calif.

Google isn’t the only...