US Commercial Real Estate
New High-Tech 'Sports Districts' Seen as Winning Strategy for Developers
Thu, 19 Oct 2017 04:41:49 GMT
Live-action sports are finally coming to Las Vegas, which until recently was one of the largest major U.S. markets without a major-league sports franchise. Yesterday MGM Resorts International announced that it purchased the WNBA's San Antonio Stars and will move the team to Las Vegas, joining the Golden Knights NHL franchise, which makes its debut this season. Also, retail developer Howard Hughes Corp. (NYSE: HHC) recently revealed plans to build...
Last Call for Amazon HQ2: Today is Deadline for Communities to Submit Bids for Landing Co-Headquarters
Thu, 19 Oct 2017 04:40:33 GMT
Today is the last day for communities to submit proposals for one of the largest economic development ever offered: Amazon's bid for a new co-headquarters site. Hundreds of communities, cities and even states are expected to pitch the online retail giant on the merits of their respective locations before the clock strikes midnight in Seattle. The company is seeking sites in major North American cities for a "full equal" to its Seattle headquarters...
Latest Sign Points to Imminent IPO, Spin Off for Newmark Knight Frank
Thu, 19 Oct 2017 02:14:05 GMT
One of two equity analysts covering BGC Partners, Inc. (NASDAQ: BGCP) has suspended research coverage of the firm ahead of the expected IPO and spin-off of its real estate services subsidiary, Newmark Knight Frank (NKF), as a separately traded public company. The undisclosed financial institution suspended coverage on Oct. 13, according to an SEC filing this week by BGC, which reported the move to be "consistent with such financial institution...
Sares Regis Buys Toyota's Former 2 Million-SF Campus in LA County
Wed, 18 Oct 2017 07:37:03 GMT
Irvine, CA-based Sares Regis Group has acquired Toyota's 110-acre former North America headquarters campus in Torrance, CA, more than three years after the Japanese automaker announced plans to relocate to a brand-new office campus in Plano, TX. JLL listed the property in February. Managing Director Jeff Adkison and Senior Vice President Brendan McArthur represented Toyota Motor North America, Inc. in the sale to Sares Regis, which prevailed over...

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