Commercial Real Estate News for Friday May 18

In Friday’s commercial real estate news – we’ll give you a look at the tired office block that has become hot property, how Marriott is expanding its partnership with Simon, an inside look at what real estate pros have to say about the future of CRE , and so much more.

TIRED OFFICE BLOCKS BECOME HOT PROPERTY IN NEWCASTLE

Ageing office buildings in Newcastle are becoming increasing popular with buyers who want them for their development potential.

10 Must Reads for the CRE Industry Today (May 18, 2018)

Catch up with the latest in CRE today!

Many Lower-Tier Malls Face Extinction, Experts Warn

Lower-quality malls in markets with smaller populations and lower incomes will continue to close—a trend that is underway today, says Suzanne Mulvee, director of research at CoStar.

Stay, Shop. Marriott Expands Its Partnership with Simon.

Shopping malls, according to a Marriott release, “are increasingly becoming ideal hotel destinations, offering consumers amenities steps from their room and providing both companies a powerful combination that optimizes real estate values.”

Carlyle to Lend Homebuilder $225 Million for Canada, U.S. Growth

The Washington-based firm has agreed to provide a $225 million senior secured loan to Canadian homebuilder Empire Communities Corp., Mat Feldman, a Carlyle managing director, said in an interview.

Sportswear-Maker Puma to Open New York Flagship on Fifth Avenue

German sportswear-maker Puma SE has signed a lease deal to open a flagship store on Manhattan’s Fifth Avenue shopping corridor, creating a marquee location that will be the first of its kind for the company in North America.

Real Estate Pros Remain Optimistic Heading to This Year’s RECon

 

Here at myNOI.com our team researches daily to find you the most important commercial real estate news!