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05/23/2018
ICSC RECon Update: Retailers, Developers and Investors Express Moderate Expectations at Closing of RECon
Final Thoughts as ICSCRECon Convention CoverageComes to a Close. Update: 4:30 p.m. (ET) Many commercial real estate and retail professionals used one word throughout the show – caution – in describing their expectations for deal-making ahead...

05/22/2018
San Diego Council Approves $300M Project to Create a City in the Suburbs
Developers of the mixed-use Merge 56 in San Diego are in talks to bring in elements including a movie theater, an organic grocer and a 120-room hotel.Rendering couresty of Sea Breeze Properties. The San Diego City Council has unanimously approved plans...

05/22/2018
Bedrock Secures Final Approval for $618 Million in Tax Increment Financing for Detroit Developments
Rendering of the 35-story Monroe Block tower in DetroitCredit: Bedrock The Michigan Strategic Fund approved $618 million in tax increment financing for Dan Gilbert's real estate investment and development firm, Bedrock, which said the financial assistance...

05/22/2018
JCPenney Chairman Abruptly Exits Post to Take CEO Job at Lowe's Home Improvement Chain
Marvin Ellison. Credit: Lowe's Companies In a move that caught many investors, the retail industry and reportedly even J.C. Penney Co. itself by surprise, Lowe's Companies Inc. this morning named Marvin R. Ellison, JCPenney's chairman and CEO, as its...

05/21/2018
Brookfield Deal Raised Profile of San Diego-Based OliverMcMillan
Pictured: A recent Urban Land Institute forum in San Diego featured (from left) Brookfield Residential President Adrian Foley, OliverMcMillan CEO Dene Oliver and forum moderator John Burns, CEO of John Burns Real Estate Consulting.Courtesy: Lou Hirsh...

05/21/2018
Blackstone Emerges as Winner in Bidding War for LaSalle Hotel Properties
LaSalle Hotel Properties owns 41 hotels totaling 10,400 rooms in 11 markets, including the 120-room L'Auberge Del Mar Resort & Spa in San Diego County. Three days after disclosing plans to sell its remaining shares in Hilton Worldwide Holdings in what...

05/21/2018
Musk's High-Speed Tunnels Could Give Real Estate a Boost
Inventor Elon Musk during a town hall presentation in Los Angeles last week on the first steps of the Loop pilot project by his high-speed transit firm, The Boring Company. Credit: The Boring Co. If Elon Musk’s proposal to build a series of hyperloop...

05/21/2018
Developers: No Condo Craze in Store in Boston Despite Strong Buyer Interest
Developers included a pair of condo towers totaling 153 units as part of the largescale Ink Block mixed-use development in Boston's South End. Builders in Boston have started to deliver some high-profile condo projects, a property trend mirrored in...

05/17/2018
Jump in Interest-Only Loans in CMBS Raises Caution Flag
CoStar analysts are tracking a little-considered data point that could suggest trouble on the horizon for commercial real estate. Owners of commercial real estate are carrying interest-only loans at a higher rate than they did right before the last...

05/17/2018
Analysis: Will Bidding War Break Out for Global Workspace Provider IWG?
LONDON--What once seemed merely takeover rumors has now given way to an apparent bidding war: London-based International Workspace Group, formerly known as Regus, disclosed last Friday that it had received separate takeover proposals from private equity...

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