Catch up on the latest information across the Commercial Real Estate business covering brokerage news, development projects, leasing, property management trends and proptech.
The founder of Chicago-based tenant representation firm Equis Corp. says he will continue to run the company after he sells the business to Australia-based United Group Limited (ASX: UGL) for approximately $120 million later this year...
The Top Shopping Center Owners ranking was originally published in NREI's sister publication, Retail Traffic, in April. The listing is based on total retail GLA owned through Dec. 31, 2005, as reported by participating companies. In the case of...
Many state statutes recognize that a recent sale represents the best evidence of market value for real estate tax assessment purposes. Given the record number of real estate acquisitions over the past few years, assessors have accumulated evidence...
This is not your grandmother's Saks Fifth Avenue. For starters, it's 300,000 square feet, about triple the average size of an existing store. Then there's the line of revelers standing in line to press somebody else's flesh in the nightclub. Oh...
In a landmark case, a New York State trial judge recently ruled that a tenant who remained in commercial space after its lease expired is liable not only to the property owner, but also to the incoming tenant...
Consolidation within the retail real estate world has been rampant in recent years, but that pace of growth slowed slightly in 2005. The amount of space controlled by the top 10 owners on our list grew by just 6.6 percent in 2005 — a total of...
When Supervalu Inc. and a host of partners agreed to the $17.4 billion breakup of Albertsons Inc., divvying up its nearly 2,674 stores, it was the latest in a series of consolidations and bankruptcies in the supermarket industry. Just six months...
With final zoning approvals in hand, The Lutgert Companies and The Barron Collier Companies are poised to begin construction of The Mercato, a mixed-use fashion-based lifestyle center in Naples, Florida. The project, situated on 53 acres on U.S...
