Month: October 2021

In-Store E-Commerce Fulfillment Helps Retail Availability Begin Creeping Back Down

Though the rise of e-commerce is often framed as a major detriment to retail real estate, retail has shown its resiliency with a decrease in available Southern California space in the third quarter, according to a trend report from NAI Capital. Available retail space in Q3 2021 declined throughout the Inland Empire and Ventura, Orange and Los Angeles counties when compared …

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Why The Strong Apartment Market Is Hurting CoStar’s Bottom Line

The recovery of the U.S. apartment leasing market this year has been welcome news for landlords, but it has inflicted harm upon the real estate industry’s largest provider of data and listings.  The apartment market has reached such high occupancy levels that landlords are reducing their spending with CoStar Group’s Apartments.com platform because they have few available units to …

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Acclaimed Houston Chef’s Grocery One Of First Announced Retail Tenants In $2.5B East River Project

An award-winning chef’s African heritage and soul food grocery is among the first announced retail tenants in Phase 1 of the $2.5B East River mixed-use project being developed by Midway. Broham Fine Soul Food & Groceries originally opened in 2020 in the Trinity Gardens community and was created by acclaimed chef Jonny Rhodes, who became …

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Maryland Transit-Oriented Development Puts People Ahead Of Cars

Transit-oriented developments — high-density, mixed-use communities close to public transportation — are becoming increasingly popular. Meant to combine the best elements of urban and suburban living, they are lauded for benefits such as reducing residents’ dependence on driving, shrinking a region’s carbon footprint and stimulating the local economy. TODs range from single buildings to complex, multi-use …

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Steve Roth Reportedly Pushed To Scuttle Plans For Fifth Avenue Busway

New York City’s plans to prioritize buses along the city’s priciest retail strip lost its urgency just days after the head of Vornado reportedly met with the mayor and told him it was a bad idea. Vornado founder, Chairman and CEO Steven Roth spoke with Mayor Bill de Blasio earlier this month, not long before the mayor’s …

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Boyd Watterson Continues D.C.-Area Buying Spree With $197M Ballston Deal

Shooshan Cos. has sold one of its Ballston office buildings to one of the most active investors in the D.C. market.  Boyd Watterson Asset Management acquired the 13-story building at 675 North Randolph St. in Arlington from the developer for $196.5M, the Washington Business Journal reported.  The 355K SF office building was developed as a build-to-suit for the Defense Advanced …

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With Downtown Office Workers Still Remote, Retailers Surviving But Not Thriving

Workers in Downtown Los Angeles have yet to return to the office, and nearby retailers are feeling the impact. Downtown workers are largely responsible for driving the daytime population in the area to between 400,000 and 500,000 in normal times, according to the Downtown Center Business Improvement District, and the absence of those workers has stripped …

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