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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.”

Commercial Real Estate News for Wednesday, November 2

Good morning! We hope the weather is nicer where you are than where we are. Below you’ll find six articles on commercial real estate covering everything from specific city investment news to the impact of the presidential election on property types.

Black Lion Scoops up North Palm Beach Mixed-Use Center for $14M

Chesser Group, a California based real estate conglomerate, has sold their Crystal Tree property in Palm Beach to Black Lion Investment Group for $14 million. The space was attractive to the investors due to the high numbers of surrounding luxury condos but relative lack of retail property.

Done Deal: Warehouses, Apartments, Retail Sold for Almost $6 Million

A list of recent commercial real estate deals in the Memphis area. Useful information for any brokers or investors interested in Southwest Tennessee.

Influx of Foreign Dollars Continues to Power Commercial Real Estate

A good interview Greg Warsek, senior vice president and senior regional manager with the Chicago office of Associated Bank, where he discusses foreign investment money and its movement away from American coastlines and toward the center.

Commercial Real Estate Market On Strong Run

Andy Cates, president and CEO of brokerage services for Colliers International in Memphis, is optimistic about the city’s commercial real estate growth in 2017. Cates bases his enthusiasm on the heavy amount of construction in 2016 and the land capacity for even more projects as demand goes up.

“Problem” Loans Create a Drag on CMBS Refinancing

While the number of CMBS loan maturities has been shrinking, research groups have estimated around $103 billion worth of loans still need refinancing. Office and retail spaces are facing the most pressure from this development.

How U.S. Election May Impact Factories in Mexico

Border cities are seeing a slowdown in office and industrial space leasing as the possibility of a Trump presidency looms large.