Commercial Real Estate News for Wednesday, October 26

Catch up on commercial real estate’s most exciting stories today with these 4 articles.

Asian home goods emporium Pearl River Mart is making a comeback

The famous Pearl River Mart will not stay down. After being forced to close its SoHo doors last year due to rising rents, it is set to reopen at a new, smaller location in Tribeca.

Game-changers: 40 projects that are transforming metro Birmingham

There’s lots of investment opportunities in the city of Birmingham. This article collects 40 of the most exciting.

Construction update: Here’s what’s happening with this I-Drive hotel and a sales rumor

The Hyatt House under construction on International Drive in Orlanda is on track to open in June of 2017. There’s been gossip the property is for sale, but Scott Marchand of Whitestone Realty said the company plans on holding the property for at least five years.

Non-Traded REITs work to appeal to investors

 Banks and other financial firms are working to improve non-traded REITs image among investors by providing more reasonable fee structures.

 

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