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.
Ageing office buildings in Newcastle are becoming increasing popular with buyers who want them for their development potential.
Catch up with the latest in CRE today!
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.
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.”
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.
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.