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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.


 

 

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.

 

Investment Firm Taking Space in N.Y. CollegeOpen in a New Window

Two Sigma Investments plans to open what it calls a collision lab at Cornell University’s technology campus now rising on Roosevelt Island.

 

Whole Foods to Open a Lower-Priced '365' Store in BrooklynOpen in a New Window

Whole Foods Market plans to bring its lower-priced store chain, 365 by Whole Foods Market, to Brooklyn’s Fort Greene neighborhood.

 

For Sale: World's Biggest Trading FloorOpen in a New Window

A former UBS office complex in Stamford, Conn., that once housed the world’s largest trading floor is up for sale on the cheap.

 

Old Brazilian Hospital Compound Gets a Luxury MakeoverOpen in a New Window

An old Brazilian hospital compound is getting a $1.5 billion luxury face-lift thanks to an entrepreneur who plans to convert the São Paulo property into a high-end hotel, residential and retail complex.

 

Pop-Ups, the New Darling of RetailOpen in a New Window

Manhattan’s softening retail market is making allies of the pop-up and the landlord.

 

Mega-Development Gets Under Way on Long IslandOpen in a New Window

As Long Island’s Glen Cove prepares to break ground Tuesday on one of the region’s biggest real-estate projects, it faces opposition even as some residents have warmed to such large-scale developments.

 

Hospitals Spend Billions as They Expand and UpdateOpen in a New Window

Construction spending in New York City’s health-care sector is surging as hospitals update aging facilities and add preventive health services, a new report finds.

 

Investment Group Pays $76.5 Million for Downtown Brooklyn Development SiteOpen in a New Window

An investment group has paid $76.5 million for a downtown Brooklyn property, a sign that demand for development sites in the borough remains strong despite indications of softening in some of the city’s real-estate markets.

 

Miami Neighborhood Gets a High-Tech MakeoverOpen in a New Window

A pair of private developers are looking to build a technology and cultural hub in a faded manufacturing neighborhood in Miami.

 

Real Estate Tech Companies VTS and Hightower to Merge in $300 Million DealOpen in a New Window

Two technology startups that help commercial-real-estate owners and brokers manage their businesses are merging in a $300 million deal.

 

Dear Tenant: Your Uber Is HereOpen in a New Window

As urban real estate becomes ever-more expensive, some property developers are shrinking or killing their parking spaces and offering Uber subsidies and other incentives instead.

 

Rising Rates Threaten Global Property InvestmentsOpen in a New Window

Commercial property has been a big winner from years of ultralow interest rates around the world. Now markets are signaling that change might be in the air.

 

Pieces in Place for Brooklyn Waterfront ParkOpen in a New Window

New York City struck a deal to buy the final piece of land for a long-promised park along the Brooklyn waterfront. It agreed to pay $160 million for a storage complex that was badly damaged in a fire last year.

 

Family-Owned Manhattan Office Building Sold for $109 MillionOpen in a New Window

Taconic Investment Partners and TH Real Estate partner on a deal to buy 817 Broadway in Midtown South.

 

CBRE Buys Stake in $1.5 Billion Retail PortfolioOpen in a New Window

CBRE Global Investment Partners said it has invested about $450 million for a 45% stake in a portfolio of West Coast retail property, in a bid to tap into rising consumer spending in a region driven by technology-sector growth.

 

Stalled Sutton Place Project to Hit Auction BlockOpen in a New Window

A bankruptcy judge Monday sent the site of a proposed 950-foot luxury residential tower on Manhattan’s East Side to the auction block, approving a sale process that seeks to place the project into new hands.

 

GE Sells Connecticut Headquarters for $31.5 MillionOpen in a New Window

General Electric sold its former global headquarters in Fairfield, Conn., to Sacred Heart University for $31.5 million.

 

Developers Eye Office-to-Warehouse ConversionsOpen in a New Window

Property developers wouldn’t typically consider replacing an office building with a warehouse, but in parts of New York and New Jersey, a red-hot warehouse market driven by the rise of e-commerce has upended that.

 

Hilton Developer Secures LoanOpen in a New Window

The developer of the Hilton Brooklyn is recapitalizing the soon-to-open hotel at a time that increasing headwinds are buffeting New York City’s hotel businesses.

 

County Supervisors Approve Development Plan for Squaw ValleyOpen in a New Window

Die-hard skiers prize Lake Tahoe’s famed Squaw Valley resort for its extreme terrain, but under a controversial development plan approved this week it may also become known for shopping, dining and even a water park.

 

Trouble Brewing in Commercial Real EstateOpen in a New Window

Defaults are rising in a key corner of the commercial real-estate debt market just as borrowing costs are set to jump, raising the likelihood of a slowdown of the $11 trillion U.S. commercial property sector in 2017.

 

Modular Building Believed to Be World's Tallest Makes Debut in BrooklynOpen in a New Window

What is believed to be the world’s tallest modular building made its debut Tuesday in Brooklyn, a 32-story rental tower constructed with prefabricated units stacked like Legos.

 

Three Trump Buildings in NYC to Be Renamed in Nod to ResidentsOpen in a New Window

A national apartment building company said it would take President-elect Donald Trump’s name off three New York City high-rises after tenants complained they were embarrassed living in buildings associated with someone who is so unpopular on Manhattan’s West Side.

 

Long Island City Aims to Manage MomentumOpen in a New Window

Keeping Long Island City’s diversity of real estate—and somehow keeping it affordable—is a top concern for those who have helped to grow the neighborhood.

 

What's the Deal: Ice-Cream Sandwich Shop Takes Small Place in BrooklynOpen in a New Window

A roundup of real-estate news from across the Greater New York region.

 

How U.S. Election May Impact Factories in MexicoOpen in a New Window

The U.S. presidential election is still days away but the impact of the campaign and its outsized focus on Mexico already are being felt in the market for warehouses and factories in some border towns.

 

A Young Mexican REIT Market EvolvesOpen in a New Window

Signs are emerging that the Mexican REIT industry is gaining traction, as it tries to become a major channel of public capital into the country’s commercial property sector.

 

Office Glut Set to Swell in Mexico CityOpen in a New Window

Mexico City is facing a glut of office space that is likely going to get worse following a surge of new development in recent years.

 

Prologis to Build First Multistory Warehouse in the U.S.Open in a New Window

Developers are having a harder time finding space for new warehouses in increasingly crowded and expensive U.S. cities. Their answer: build upward.

 

Vornado Realty to Spin Off Washington D.C. BusinessOpen in a New Window

Vornado Realty Trust is cleaving off its giant portfolio of Washington, D.C., office buildings and apartments, spinning them into a new company that would be merged with JBG Cos., a closely held Washington landlord, the companies announced Monday.

 

Blackstone Cashes In on China's Overseas Shopping BingeOpen in a New Window

Blackstone has emerged as a big beneficiary of China’s global shopping spree by unloading billions of dollars worth of holdings to Chinese buyers.

 

Moving to Frankfurt After Brexit Could Be a Squeeze for BanksOpen in a New Window

Frankfurt is an obvious post-Brexit destination for London banks seeking to move some operations to keep them inside the EU. But tough building codes and a shortage of space may make it harder than imagined.

 

European Property Investors Look Beyond LondonOpen in a New Window

As some of the biggest cities cool, there are opportunities in smaller economies.

 

Historic Trinity Church Wall Street Unveils Plans for New Tower SpaceOpen in a New Window

Trinity Church Wall Street has revealed its design for a building to house its new parish center and commercial office space behind the 19th-century Episcopal church.

 

Columbia's New Center Says 'C'mon In'Open in a New Window

Columbia’s Jerome L. Greene Science Center is a modern space with glass walls, wide sidewalks and public squares—a departure from the university’s graceful 19th-century Beaux Arts main campus.

 

Major League Baseball Expected to Move Headquarters to MidtownOpen in a New Window

Major League Baseball is expected to sign a large lease as early as Thursday to consolidate its Manhattan operations at the former Time & Life Building, according to people familiar with the deal.

 

First-Time Buyers Expected to Return to Housing MarketOpen in a New Window

Young buyers could return to the housing market in droves this spring, according to an analysis of web searches performed by Realtor.com.

 

Texas Builder Aggressively Markets Starter HomesOpen in a New Window

Texas builder LGI Homes is using an aggressive marketing operation to carve out success in low-price entry-level homes in far-flung suburbs and exurbs.

 

A New Real-Estate War in Silicon ValleyOpen in a New Window

Soaring apartment costs in Silicon Valley are fueling popular support for an idea bitterly opposed by many landlords in America’s technology capital: rent controls.

 

Developer Sees Trouble for Property in PerthOpen in a New Window

Australian property developer Nigel Satterley has forecast a bust in the apartment market in Perth or Brisbane within the next six months.

 

Kuwait Firm Expands With GE Office Deal in OhioOpen in a New Window

A Kuwait-based financial-services firm is paying $107 million for a new Cincinnati office building occupied by GE in its biggest real-estate investment in the U.S.

 

Starwood Capital Sells Stake in $2 Billion Hotel Portfolio to China LifeOpen in a New Window

Private investment firm Starwood Capital Group said Tuesday it sold a stake in a roughly $2 billion portfolio of U.S. hotels to a group led by China’s largest insurance company, China Life Insurance Co. Ltd.

 

Developer Sees East Midtown Office Tower as a New LandmarkOpen in a New Window

The mammoth East Midtown office tower to be known as One Vanderbilt will rise 1,401 feet and taper into a slender pinnacle intended as an emphatic addition to the Manhattan skyline.

 

Health-Care REITs Back Off NursingOpen in a New Window

Some big real-estate investment trusts that focus on health care are starting to pare their skilled-nursing holdings.

 

Midtown South's Office Market Ascends to New HeightsOpen in a New Window

Average asking rents for so-called Class A office buildings in the hip neighborhoods of Midtown South surpassed asking rents for comparable properties in Midtown Manhattan for two consecutive quarters, according to real-estate-services firm JLL.

 

Brooklyn Children's Museum Is Set to Open Annex in Brooklyn Bridge ParkOpen in a New Window

The new outpost of the Brooklyn Children’s Museum is set to open in a roughly 1,850-square foot space on the ground floor of a luxury condominium building in Brooklyn Bridge Park.

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