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Commercial Real Estate News for Monday, Dec. 5

Lots of news waiting for you after the weekend! Check out these five articles on commercial real estate.

Commercial Property Firm JLL Expanding D-FW Operations with Purchase

JLL is advancing its operations in North Texas after purchasing Integra Realty Resources. “IRR – Dallas brings a strong track record in capital markets valuations, eminent domain, and the seniors housing and healthcare sectors,” said John Gates, JLL’s CEO of Markets for the Americas.

Investments in Commercial Real Estate in Moscow Grow by 15%

Moscow saw $3.1 billion in commercial real estate investment in 2016. Of these investments, office space made up the largest share with 34% of all new buildings falling into that property type.

Women’s Fashion Retailer The Limited to Lay Off HQ Staff, Put Business Up For Sale

The Limited becomes another retailer to suffer from declining foot traffic in malls. A longtime staple in shopping centers, the company announced they are planning on shutting down the business unless a buyer can be found.

Office Markets Reliant on Energy Firms Might Wait Years for Recovery

Office space in energy dependent areas of the US will likely continue to suffer as oil prices drop worldwide. The shrinking energy companies have left nearly 23 million sq. ft. of sublease space in the top seven North American markets.

San Francisco Gears up for Final Push to Lure George Lucas Museum

On Jan 6, the George Lucas Museum team will decide between San Francisco and Los Angeles as the site of the $1 billion project. ““It seems to be going smoothly from our end,” Adam Van de Water, a project manager for the City and County of San Francisco, told the Chronicle. “We are doing our due diligence and hoping for the best.”