Sandy’s Effect on Manhattan Office Space
As of November 14, thirty-two buildings in lower Manhattan (27 percent of downtown’s 100 million square feet of office space) remained closed in the aftermath of Superstorm Sandy,
Continue reading →Category Archives: US CRE
Whole Foods Market Reduces Its Store Size
Whole Foods Market has a new strategy: Instead of the 50K to 70K sf stores it was building five years ago, the natural and organic foods retailer is opening stores around 38K sf in size, according to Seeking Alpha. The … Continue reading →
Hotel Sector Remains Somewhat Steady
RevPAR (revenue per available room) – a metric of hotel occupancy is increasing at a slower pace than it did in the initial years following the 2008 economic downturn, according to a CoStar report (quoting data and analysis from Wells … Continue reading →
Second Term
All other things being equal, commercial real estate activity is likely to increase now that the election is over. For many businesses, the concern is not so much the party that prevails as much as the uncertainly prior to It … Continue reading →
Not Just For The 99%
Discount retailer 99 Cents Only Stores plans to open a location on Rodeo Drive in Beverly Hills, according to The Huffington Post. Company president Jeff It contains viagra sans prescription vitamin B5, B6, and D, all of which work together … Continue reading →
University of Chicago Redevelops Hyde Park
The University of Chicago is working with the city and private developers to redevelop the 53rd Street retail district north of its Hyde Park campus, according to The New York Times. The $250 million Harper Court project (at the corner … Continue reading →
Transbay Tower
San Francisco’s office market is the healthiest in the country due in large part to the growth of the tech sector in that city. Rents average $50.36/sf – up 50 percent since Q1 2010 and vacancy is at 12.7 percent … Continue reading →
The Linq
The Linq is a $550 million project in Las Vegas undertaken by Caesars Entertainment. The 260,000-square-foot retail and entertainment district across from Caesar’s Palace is 70 percent leased and includes such tenants as Brooklyn Bowl – a 16-lane bowling alley … Continue reading →
SBA-504 vs. SBA 7a: A Brief Comparison
SBA-504(Commercial Real Estate & Equipment) SBA-7a(General Purpose) Loan Amount $125K (min.). $10 million (max.). $50K (min.). $5 million (max.). Interest Fixed. Variable or Fixed. Terms 10 years – Equipment. 20 years – Real estate. Up to 10 years – Equipment/Business … Continue reading →
Smart Grids Boost CRE Markets
A new Jones Lang LaSalle study shows that there is a direct correlation between the economic indicators of a healthy commercial real estate market and municipal investment in smart grid technologies, according to MortgageOrb.com. A smart grid system uses advanced … Continue reading →