Death of the Elevator

Death of the Elevator

By John McNellis

Real Estate in the Plague Year

Without the elevator…there could be no downtown skyscrapers or residential high-rises, and city life as we know it would be impossible…the elevator’s role in American history has been no less profound or transformative than that of the automobile…“If we didn’t have elevators…we would have a megalopolis, one continuous city, stretching from Philadelphia to Boston, because everything would be five or six stories tall.” Boston Globe, 2 March 2014

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‘There’s No Bailout For Landlords’: What To Expect As Anxious April Begins

‘There’s No Bailout For Landlords’: What To Expect As Anxious April Begins

The rent is due today.

For the tenants and property owners tied to trillions of dollars of commercial real estate properties in the U.S., what happens on April 1 is no joke this year.

Retailers have been closed or their businesses are deeply battered. Companies across sectors have been forced to carry out layoffs or furlough staff, while others have been directly impacted by a virus that has afflicted more than 170,000 Americans to date. 

Millions of Americans are already jobless, worried about paying the rent today. And the virus is weeks away from its peak, health experts warn.

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REAL ESTATE DURING THE CORONAVIRUS

REAL ESTATE DURING THE CORONAVIRUS
  1. Many liability policies may provide coverage for losses incurred from Coronavirus.
  2. How will the Coronavirus affect single-tenant net-leased investments, and the real estate market generally?
  3. Should landlords grant 2 to 3-month rent abatements being requested by single-tenants?

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CAN INVESTORS STILL PROFIT BY INVESTING IN RETAIL REAL ESTATE?

CAN INVESTORS STILL PROFIT BY INVESTING IN RETAIL REAL ESTATE?

The retail sector can still offer attractive returns, as long as investors focus on well-performing market segments.

John Egan | Jan 18, 2019

We’re barely into 2019, and the shaky future of Sears continues to grab many of the big headlines in the retail sector. But that’s not the story that high-net-worth (HNW) investors should be following in terms of retail real estate.

Rather, experts advise, HNW investors should be evaluating retail prospects based on geography and strategy—not on Sears-level machinations in the retail sector.

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GOOGLE TO LEASE WESTSIDE PAVILION REDEVELOPMENT

GOOGLE TO LEASE  WESTSIDE PAVILION REDEVELOPMENT

JANUARY 08, 2019 STEVEN SHARP


Completion of the 584,000-square-foot project is anticipated in 2022.

South Side of One Westside

The Westside Pavilion shopping mall has yet to complete its highly-anticipated transformation into office space, but its developers have already secured a tenant for the property.

Hudson Pacific Properties and Macerich announced today that Google, Inc. has leased the entirety of the 584,000-square-foot office campus, which is to be called One Westside.  The 14-year lease is to commence upon the completion of construction and tenant improvement in 2022.  

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The 10 top emerging trends that will shape real estate in 2019

The 10 top emerging trends that will shape real estate in 2019

The Urban Land Institute’s annual look at the year ahead focuses on technology and transformation at an uncertain moment

By Patrick Sisson  Updated Dec 26, 2018, 11:23am EST

It’s complicated. In the course of compiling its annual Emerging Trends report, the Urban Land Institute found that the only certainty in its outlook for 2019 was uncertainty. Expert analysis points to a more complex, multi-layered series of overlapping trends, with unpredictable results, as opposed to a few strong narratives.

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THE DOLLAR STORE BACKLASH HAS BEGUN

THE DOLLAR STORE BACKLASH HAS BEGUN

Tanvi Misra December 20, 2018 This post originally appeared on CityLab

The U.S. has added 10,000 of these budget retail outlets since 2001. But some towns and cities are trying to push back.

It has become an increasingly common story: A dollar store opens up in an economically depressed area with scarce healthy and affordable food options, sometimes with the help of local tax incentives. It advertises hard-to-beat low prices but it offers little in terms of fresh produce and nutritious items—further trapping residents in a cycle of poverty and ill-health.

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