Putting on your pants in San Diego, East coast ports getting hotter, Denver’s plans to get even higher — it’s all here in the Commercial Real Estate News Roundup for September 30, 2014.
General
Demand for S.F. commercial property is through the roof, SF Chronicle, Sept. 27, 2014 – Tech and non-tech uniting across the Bay Area to drive property prices and narrow availability.
Banks Seeing Lower Loss Rates on Commercial Real Estate, Huffington Post, Sept. 23, 2014 – The mop and bucket from the Great Recession still being wielded even as years of desperate unwinding of bad loans declines in the face of something more natural and cyclical.
Commercial comeback, Boston Globe, Sept. 24, 2014 – Meanwhile in New England, industry and office growth in and around Boston pick up steam.
Charleston area buzzing with commercial building projects, Charleston Post & Courier, Sept. 28, 2014 – Buildouts in the southeast’s leading port city are crowding the ground and sky.
Office
The office tower that transformed downtown Houston is for sale — and expected to fetch record price, Houston Culture Map, Sept. 22, 2014 – 36 historical stories are on the market, and the tech and defense citadel called Houston is expected to make pricing history.
San Francisco’s 2014 office leasing breaks dot-com record, San Francisco Business Times, Sept. 25, 2014 – Luckily for the commercial property sector, the high-tech promise of the “paperless office” was always a bunch of hooey.
22-story office tower coming to downtown Denver, Denver Business Journal, Sept. 25, 2014 – Mile-high city aims to get 22 stories taller.
Industrial
Need for speedier delivery stokes hot industrial market, The Record, Sept. 24, 2014 – 3PL (third party logistics) and warehouse properties are in record demand, especially in New Jersey
Tight industrial market sends semiconductor firm to Sherwood for warehouse space, Portland Business Journal, Sept. 25, 2014 – Meanwhile up in the Cascades, spillover from traditional tech environs is changing the commercial property equation.
This deal shows how blazing hot Baltimore’s industrial market has become, Baltimore Business Journal, Sept. 29, 2014 – Strategic acquisitions of warehousing near Atlantic ports are proceeding at all building classes, says the BBJ.
Retail
Microsoft to Open Fifth Avenue Store, WSJ, Sept. 29, 2014 – Software giant left in wake of Apple’s dust considers retail expansion.
Lucescu Realty sells Utah shopping center portfolio for $226 million, CSA, Sept. 29, 2014
Malls fight back against Internet, U-T San Diego, Sept 26, 2014 – What can’t e-tailing deliver that malls can? Food and entertainment. San Diego shopping centers focus on what it means to put on your pants to go shopping.
Multifamily
Apartments slated for big, vacant downtown Syracuse building, Syracuse Post-Standard, Sept. 29, 2014 – Vacancies no more in upstate New York
SunTrust watches for multi-family bubble in Nashville, The Tennessean, Sept. 22, 2014 – Is Nashville over-developing and under absorbing its multifamily space?
Builders Turn Focus to Housing Market, NYT, Sept. 26, 2014 – Gotham and housing: the eternal waltz on an ever-shrinking dancefloor.
