A controversial new program that will allow expanding and start-up companies to locate on or near college campuses and receive tax-free benefits for up to 10 years in New York has been the subject of debate among Empire State business owners, real estate brokers, and lawmakers.
Food trucks have unprecedented commercial real estate opportunities now, essentially turning them into tenants in some scenarios. That’s because for some property owners, the presence of these next-generation food trucks at their shopping centers can satisfy a need for diversified food...
Travelers will have the opportunity to treat themselves to more than just magazines, snacks, and coffee while waiting for flights at John F. Kennedy International Airport. An expansion project at the New York City airport’s Terminal 4 will include upscale specialty shops, brought in by...
A New York state judge harshly criticized a major toy retailer recently for using litigation as a tactic in negotiating a new lease for its Times Square store in Manhattan. The court faulted the tenant’s filing of a lawsuit during lease negotiations, emphasizing the fact that a borderline...
Who knew that biotech players would be the ones to lead a boom in one of the most historic areas in the country? Despite being home to Harvard University, Cambridge, Mass., just outside of Boston, has also harbored a wasteland of empty lots where factories once were located but that haven’...
A new National Association of Realtors (NAR) report is crediting sluggish job creation and a lack of loan availability for slow CRE recovery. The NAR study noted that, in particular, vacancy rates in the office sector are expected to fall from an estimated 16.1 percent in the third quarter of...
Shopping mall owner and manager Glimcher Realty Trust has come up with a tenant-mix formula that’s outsmarting the Internet competition that has been threatening the success of...
New findings show much-needed improvement in the nation’s real estate markets. As the CRE market continues to rebound in a lackluster economy, industry executives say multifamily development will continue to grow. However, they remain focused on initiatives that increase operational...
While the commercial real estate market showed signs of recovery in 2011, credit tightened in the past year for small businesses, according to a National Association of Realtors (NAR) survey. NAR reported that 474 commercial real estate agents credited a lack of capital for soured deals on...
The Federal Trade Commission (FTC) is putting a damper on the U.S.'s largest provider of commercial real estate information services, breaking up what CoStar Group had hoped to be a lucrative combination of its services after acquiring LoopNet for $860 million. Although CoStar and LoopNet...
The Charleston, S.C., commercial real estate market is rebounding in some sectors and experiencing a shakier recovery in others, according to first-quarter reports by Grubb and Ellis WRS. Industrial space vacancies declined to 9.5 percent, the lowest levels since 2007. However, office and retail...
A U.S. Federal Reserve Beige Book report on the second district of New York (which includes New York City, Westchester and Fairfield counties, Rochester, and other metro areas in upstate New York) showed that commercial real estate markets remained steady in the first quarter of 2012—...
