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WSJ Com Real Estate

PLTA is proud to offer The Wall Street Journal Commercial Real Estate News Feed for visitors


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.


 

 

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.

 

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.

 

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.

 

Developers Make Bets on IranOpen in a New Window

Real-estate developers have found their next big project: Iran. The onetime pariah’s year-old deal to curb its nuclear program lifts a host of economic sanctions that have limited the ability to do business in the country.

 

Iran's Growth Hurdle: Lack of Modern Office SpacesOpen in a New Window

Iran’s nuclear deal has opened the gate for business expansion and foreign investment, but this growth faces an obstacle: a dearth of high-quality, affordable office space.

 

Iran Lays Groundwork for Regional Airport Hub in TehranOpen in a New Window

Tehran’s international airport is in the early stages of a gradual reinvention, part of a long-term plan to boost trade and turn Iran into a regional hub after its nuclear deal.

 

Iran Prepares for an Uptick in TourismOpen in a New Window

A handful of mostly European hotel groups are looking to steal a march on their U.S. competitors by moving into the Iranian hospitality market while U.S. companies still face regulatory uncertainty.

 

R.I.P.: Japanese Bank Tower That Embodied Nation's Industrial MightOpen in a New Window

A bank tower that once stood at the center of Japan’s postwar industrial power will start to be demolished Saturday, one of several boom-era structures being torn down against the will of architectural preservationists.

 

A 'Cathedral to Manufacturing' Is RebornOpen in a New Window

Entrepreneurs working in robotics, artificial intelligence technology and connected devices work in early 20th century space that once hosted a leading technology of its day—shipbuilding.

 

Russians Score as London Property FallsOpen in a New Window

A weakened ruble is softening the blow of a falling post-Brexit property market in London for Russian investors.

 

Startup Offers Payment Insurance for Apartment HuntersOpen in a New Window

As the apartment market soars across the U.S., one financial-services startup sees opportunity in helping tenants get into units they can’t qualify for on their own.

 

Pierhouse Condos Take a Bow in Brooklyn Bridge ParkOpen in a New Window

The two condominium buildings and an adjacent hotel are massive horizontal structures at the edge of the park and offer up-close city views.

 

Blackstone Bets Big on LogisticsOpen in a New Window

Blackstone Group has cut a deal to pay $1.5 billion for a portfolio of logistics centers, in the latest sign that this e-commerce-driven business is one of the hottest areas in the commercial property industry.

 

Expiration of Visa Program NearsOpen in a New Window

Facing an impending expiration, the controversial EB-5 program designed to attract wealthy immigrants has federal lawmakers at an impasse, leaving its long-term future uncertain.

 

Freddie Mac Starts Pilot Program With Looser StandardsOpen in a New Window

Mortgage-finance giant Freddie Mac and two nonbank lenders are loosening income and documentation requirements for mortgage applicants in a new pilot program.

 

In Queens, Residential Development Is Driving CommercialOpen in a New Window

Demand for high-quality offices and retail spaces in Long Island City is being fueled in part by the 11,000 condominiums and rental apartments that have been built there over the past decade.

 

Tech Overload: Palo Alto Battles Silicon Valley's SpreadOpen in a New Window

Palo Alto’s moratorium on new office construction in its downtown is only the latest dust-up in Silicon Valley, where resistance and challenges to development are sprouting rapidly.

 

More Developers Kick Parking Lots to the CurbOpen in a New Window

Developers in more U.S. cities are reducing the amount of parking spaces included in new projects as local authorities seek to encourage the use of mass transit and free up space for parks, housing or other uses.

 

Stretch of Chicago River to Get $1.5 Billion MakeoverOpen in a New Window

High-rises, townhomes and a public river walk are planned for an undeveloped area south of Chicago’s downtown Loop in a project breaking ground Monday, adding to a frenzy of construction along the waterway.

 

At a Rebuilt World Trade Center, a Friendship FadesOpen in a New Window

Frank Lowy and Larry Silverstein’s interests were aligned when they bought the lower Manhattan complex, but they diverged during its rebuilding.

 

Developer's Family Brings Office Park Back Into the FoldOpen in a New Window

An office complex in Hackensack, N.J., hit hard by the financial crisis, has been acquired by the family who developed the three buildings about a half-century ago.

 

Wells Fargo's Discount U.K. Deal Is the New NormalOpen in a New Window

Wells Fargo’s decision to negotiate a “retrade” on a U.K. commercial property deal follows what several other big property purchasers have done since the historic Brexit vote.

 

Reaching High Into the Western SkyOpen in a New Window

A new skyscraper in downtown Los Angeles has become the tallest building in the U.S. west of the Mississippi River.

 

Broadway Veteran Tapped to Produce Mall EntertainmentOpen in a New Window

Shopping-center giant Westfield Corp. has hired Tony-winning producer Scott Sanders to create ‘unique and spectacular’ entertainment events. His resume includes 15 years at Radio City Music Hall.

 

Chinese Developers Pour Cash Into U.S. Real EstateOpen in a New Window

Investment from China continues unabated as investors plow money into some of the highest-profile commercial developments.

 

Investors Pay $150 Million for Office Property in MiamiOpen in a New Window

An investment group has paid $150 million for a Miami office property in the latest sign that investor appetite continues to grow for commercial real estate in midsize cities.

 

Real-Estate Shares to Get Own SectorOpen in a New Window

On stock markets around the world, real-estate companies have been lumped into a category with banks and insurance firms since 1999. But property will break free from the financial sector on Thursday into its own dedicated group.

 

Airbnb Income: How It Can Mess With Your Mortgage 'Refi'Open in a New Window

Big banks, including Bank of America Corp. and Wells Fargo & Co., are subjecting some refinance customers who rent rooms to additional scrutiny.

 

Developers Bet Big on Brooklyn Office DemandOpen in a New Window

An investment group has obtained the necessary financing to break ground on a $400 million office and industrial development in Williamsburg, marking the latest big bet on Brooklyn’s growing popularity as a workplace.

 

Bustling Crown Heights Shakes Off Strife of PastOpen in a New Window

Twenty-five years after racial violence propelled Crown Heights into the national spotlight, the Brooklyn neighborhood has become a hot real-estate market.

 

New Zealand Hangs 'Welcome' Sign for Foreign Home BuyersOpen in a New Window

While other countries grappling to contain frothy housing markets have moved to cool foreign investment, New Zealand boasts one of the world’s most open-door policies.

 

Financing Plan Reawakes American Dream Mall ProjectOpen in a New Window

Canadian developer Triple Five is hoping to restart construction next month on the long-delayed retail and amusement project in East Rutherford, N.J., called American Dream.

 

MAA Near Deal to Buy Post Properties for About $4 BillionOpen in a New Window

Real-estate investment trust MAA is nearing a deal to buy Post Properties for about $4 billion, bringing together two major apartment owners who have benefited from a boom in rental demand.

 

Tech Firm DoubleVerify to Expand With New LeaseOpen in a New Window

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

 

Rosendale, N.Y., Lures City DwellersOpen in a New Window

New Yorkers who had second homes in charming Ulster County town are now settling there full time.

 

For Some, Brooklyn's Skyline Is Just Soooo BoringOpen in a New Window

New towers have been rising, but with a few exceptions, they don’t do justice to the borough’s reputation as a creative center, design experts say.

 

Senior-Care Business Booms for FranchisersOpen in a New Window

Providing home-health aides and other services to older Americans is a fast-growing business, as brands and franchise owners seek to capitalize on an aging U.S. population and low costs of entry.

 

Activist Pressures Ratner Family to Relax Control of Forest CityOpen in a New Window

Investors are pressuring the Ratner family to loosen their grip on their nearly 100-year-old property empire, which owns high-profile urban properties such as the New York Times headquarters.

 

WeWork Misses Mark on Some Lofty TargetsOpen in a New Window

Six years after it was founded, WeWork has amassed a valuation of $16 billion, placing it among the world’s most valuable startups. But the shared-office-space company’s growth projections might not play out as expected.

 

How One Developer Learned Not to Put the House Before the HorseOpen in a New Window

When a prime piece of property came up for sale in coastal Orange County, Calif., five years ago, it was a natural draw for residential developers. But there was a catch in an area known as “the equestrian capital of the West Coast.”

 

Rio Projects Fail to Reach the Finish LineOpen in a New Window

Brazil’s economy was galloping when the country won the right to host the 2016 summer Olympics. Seven years later, a novel strategy to use private real-estate development opportunities to help finance the games is unraveling.

 

Investors See Gold in Distressed Properties in BrazilOpen in a New Window

Some international investors say there is one emerging bright side to Brazil’s woes: Distress levels for some property owners are reaching the point that they are selling at steep discounts.

 

Brazil's Hotels, After Olympics, Will Be Swimming in RoomsOpen in a New Window

Brazil’s hotel-industry slump is expected to continue after the Olympics, at least for the short term, and hurt the returns of the investors who have made big bets on the Brazilian economy and the hoped-for afterglow of the games.

 

Too Many Offices Empty After Olympic ExpansionOpen in a New Window

Some of the Olympic-related infrastructure development in Rio de Janeiro will likely add to the glut of office space in the midst of Brazil’s grueling recession.

 

Coach Sells Headquarters for $707 Million in Lease-Back DealOpen in a New Window

Coach Inc. sold its headquarters in New York’s Hudson Yards development for $707 million under a sale and lease-back agreement, the luxury retailer said Monday.

 

Facebook's Answer to Silicon Valley Housing Crunch: Build ApartmentsOpen in a New Window

Concerns about Silicon Valley’s housing shortage are turning Facebook into an apartment developer.

 

Excess Rooms Push Hotel Owners to Cut Rates in ChinaOpen in a New Window

A glut of hotel rooms in Chinese cities is forcing owners to slash rates in a bid to attract customers.

 

EverBank in Talks to Be Acquired for $2.5 BillionOpen in a New Window

EverBank said it is in advanced negotiations with a financial services firm to be acquired for roughly $2.5 billion, potentially leading to one of the biggest banking takeovers since the financial crisis.

 

LaSalle Earmarks Big Loan for North London CondominiumsOpen in a New Window

LaSalle Investment Management said it will lend £110 million for a residential development in Finsbury Park, north London—one of the largest property-financing deals in the U.K. since the country voted to leave the European Union.
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