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The Wall Street Journal is one of the world's most trusted publishers of accurate financial news and business information in all media formats, including newspapers, newswires, databases and websites,  radio, TV/video and other multimedia programming. Dow Jones enriches the lives of millions worldwide as well as informs the decisions of corporate executives and professionals.


 

 

NYC Council Stops Midtown Tower ConstructionOpen in a New Window

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,.

 

Malls Never Wanted Gyms. Now They Court ThemOpen in a New Window

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.

 

New Jersey Office Rents Near RecordsOpen in a New Window

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

 

Brookfield Property Makes $14.8 Billion Offer to Acquire Rest of GGPOpen in a New Window

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.

 

'Little India' Thrives in Central New JerseyOpen in a New Window

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.

 

NYC's Pearl River Mart Will Expand to Chelsea MarketOpen in a New Window

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.

 

Office Spaces Focusing More on Communal AreasOpen in a New Window

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.

 

Chocolate Giant Ferrero to Look for Innovation at Cornell TechOpen in a New Window

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.

 

Shortage of Industrial Space on Long Island Squeezes TenantsOpen in a New Window

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.

 

Supermarkets Face a Growing Problem: Too Much SpaceOpen in a New Window

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.

 

Excuse Me, You're Blocking My SunOpen in a New Window

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.

 

1031 Exchange Real Estate Tax Break Faces ExtinctionOpen in a New Window

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.

 

Mall Tenants Play Hardball In Lease NegotiationsOpen in a New Window

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

 

Mall Project Denied on Former Shea Stadium SiteOpen in a New Window

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.

 

New Jersey Landlords Sweeten Perks With Ride-Hailing SubsidiesOpen in a New Window

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.

 

McCourt Global Puts Money Into Modular ConstructionOpen in a New Window

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.

 

Owners of Two Connected Midtown South Buildings Refinance PropertyOpen in a New Window

The owners of two connected Midtown South Buildings have secured $430

 

Barclays Buys Revamped Office Complex in North JerseyOpen in a New Window

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.

 

J.P. Morgan More Than Triples West Side SpaceOpen in a New Window

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.

 

China Life Buys Sprawling Portfolio of Small Market U.S. Real EstateOpen in a New Window

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 mostly have ignored until now.

 

As Lower East Side Gentrifies, Condo Offers Sprawling Private GardenOpen in a New Window

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.

 

New Jersey Ski Resort Files for BankruptcyOpen in a New Window

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.

 

What's Behind GE's Move From the Connecticut Suburbs to BostonOpen in a New Window

Chief Financial Officer Jeffrey Bornstein says being near students was a major attraction

 

Apple Headquarters Signals Tech's Boom, BravadoOpen in a New Window

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.

 

New York Landlords Roll Out Freebies to Attract TenantsOpen in a New Window

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

 

NYC Picks Development Team for West Side Mixed-Use TowerOpen in a New Window

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.

 

Developers Aiming to Bring More Dining Diversity to the BronxOpen in a New Window

Developers are revamping a former railway station in the Bronx in a

 

Labor Shortage Squeezes BuildersOpen in a New Window

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.

 

Retail Slump Pounds Manhattan LandlordsOpen in a New Window

Asking rents in many of New York City’s priciest shopping corridors declined in the first quarter of 2017.

 

Target to Open on the Lower East SideOpen in a New Window

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.

 

New Jersey Office Market Slump WorsensOpen in a New Window

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.

 

Israel's Gazit-Globe Sets Sights on New YorkOpen in a New Window

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.

 

Office Market Swings in Tenants' FavorOpen in a New Window

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

 

Malls Deploy Technology to Lure---and Keep---ShoppersOpen in a New Window

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.

 

New Shopping Centers, More Than the Web, Kill Old MallsOpen in a New Window

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.

 

Nashville Mall Turns to Madame Tussauds to Draw CrowdsOpen in a New Window

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.

 

The New Manhattan Office Trend: PenthousesOpen in a New Window

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.

 

One Kings Lane to Open Physical Store in SouthamptonOpen in a New Window

Online home décor 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.

 

Two More Retail Tenants Sign Onto Fort Lee's Hudson Lights ComplexOpen in a New Window

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

 

Value of Trump's Golf Clubs Lags Behind Investment SurgeOpen in a New Window

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.

 

Common Office Spaces Are Also Alluring to ClientsOpen in a New Window

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.

 

Bottle Maker Quadruples Manhattan Office SpaceOpen in a New Window

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.

 

Short Sellers Target Mall REITsOpen in a New Window

Bearish bets on retail-focused real estate investment trusts have risen, reflecting short sellers’ belief that mall landlords will struggle.

 

Coming Soon to Your Local Mall: Celery and Dog FoodOpen in a New Window

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.

 

New Jersey Complex Finds New Life as a Home for Several FirmsOpen in a New Window

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.

 

New York City's Nonprofit, Public Sector Leases Up 78% in 2016Open in a New Window

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 owned, according to a new report.

 

Meal-Kit Delivery Service Plated Expands Offices in ChelseaOpen in a New Window

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

 

BIG-Bjarke Ingels Group Signs Dumbo LeaseOpen in a New Window

Architecture firm BIG-Bjarke Ingels Group is the latest among the so-called creative sector companies to cross the East River to Brooklyn.

 

Real Estate Booms Off the Beaten PathOpen in a New Window

A surge in online shopping is reshaping New Jersey’s industrial real-estate markets, fueling higher prices and sparking development away from the usual hot spots along some of the state’s main roadways.

 

Vail Resorts to Buy Stowe Mountain Resort Operations From AIGOpen in a New Window

Vail Resorts said it would buy the ski operations of Stowe Mountain Resort in northern Vermont for about $50 million from the real-estate business of insurance giant American International Group.

 

Mall Landlords' Next Act: Apartments and ConcertsOpen in a New Window

As they sell noncore assets, mall landlords are dipping their toes into luxury residential buildings, organizing events and investing in new technologies to engage with consumers.

 

Kroger Co. Gobbles Up Murray's CheeseOpen in a New Window

The supermarket giant has purchased the famous New York cheese store chain and its Greenwich Village flagship store for an undisclosed amount.

 

A High Line Plan Emerges in Newark, N.J.Open in a New Window

A raised pedestrian bridge is one of the signature features of a 22-acre public-private redevelopment project called Mulberry Commons, recently unveiled by the city of Newark and developers.

 

Suburban Offices Woo Millennials With Food, Fitness and FunOpen in a New Window

Office property owners in New York’s suburbs are working to attract millennial workforces with amenities like restaurants, hiking trails, fitness clubs and natural lighting.

 

Mumbai's Slums Make Way for Luxury TowersOpen in a New Window

In Mumbai, the land-starved financial capital of India where millions live in slums, developers are turning to rules that allow them to build upscale towers in exchange for providing housing to slum dwellers.

 

Mall Owners Rush to Get Out of the Mall BusinessOpen in a New Window

A surge in store closures is prompting some of the largest U.S. shopping-center owners to walk away from troubled locations rather than restructure their debts.

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