Commercial Real Estate News for Monday, Aug. 28

Welcome back investors! In Monday’s commercial real estate news – we’ll look at chocolate giant Ferrero setting up an outpost on Roosevelt Island, commercial real estate highlights from Richmond, VA, how the proposed Metro DC sales tax would unfairly burden area poor families, and Amazon’s plan to open a fulfillment center inside a former Ohio mall.

Chocolate Giant Ferrero to Look for Innovation at Cornell Tech

The Italian manufacturer will set up an outpost at Cornell University’s tech campus on Roosevelt Island.

Commercial real estate highlights

Transaction highlights for the Richmond, VA area.

New analysis says Metro sales tax would unfairly burden poor families, suggests new tax on businesses

A region-wide sales tax to fund Metro would disproportionally burden Greater Washington’s poor families, according to a new analysis from three left-leaning think tanks.

Amazon opening fulfillment center inside former Ohio mall

The center is scheduled to open in the second half of 2018 on the 69-acre site of the Randall Park Mall in North Randall, outside Cleveland.

 

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