Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | The New Mall Tenant Is Your Office Advertisement Supported by Square Feet As retailers close, developers are converting the space into offices to bring in stable rent and generate foot traffic for remaining stores. ByTom Acitelli April 30, 2019 Westside Pavilion, a dying mall in Los Angeles, ticked all of the boxes for Hudson Pacific Properties. The Los Angeles-based developer was Then, as Hudson Pacific started planning to outfit the mall, along came Google, a Hudson Pacific tenant elsewhere in the city. “The stars kind of aligned,” said The old mall would become new office space. The 584,000-square-foot Google complex, to be called One Westside, is projected to be finished in 2022 at a cost of up to $410 million. The Westside Pavilion redevelopment is one of the latest … [Read more...] about The New Mall Tenant Is Your Office
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Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | Restoring an Avenue in Paris Meant for Kings Supported by Square Feet ByTiffany Hsu Feb. 26, 2019 PARIS — The sidewalks are cracked along “la plus belle avenue du monde” — the most beautiful street in the world. Each day, 60,000 cars clog the lanes. Walkways are cluttered with abandoned scooters. The Avenue des Champs-Élysées was built for royalty and named after paradise. But its last major renovation was more than 20 years ago. New retail tenants have been intermittent. Parisians avoid the area with the resolution of New Yorkers steering clear of Times Square. As Paris prepares to host the 2024 Olympics, hundreds of millions of dollars are flowing into construction projects on the avenue, one of the most visited areas of the city, as it tries to reestablish and … [Read more...] about Restoring an Avenue in Paris Meant for Kings
SECTIONS Search E-edition Home Customer Service Customer Service About Us Buy Photos and Pages Contact Us Plus Mobile & Apps Newsletters Newspaper in Education Subscribe Subscriber Services Archives News News Crime Databases Education Government & Politics Local News Nation & World Military Obits Archive Traffic Watchdog Weather Blogs & Columns Matt Driscoll Sports Sports College High School Mariners Preps Stats Seahawks Sounders Tacoma Rainiers UW Huskies Blogs & Columns Dave Boling Huskies Insider Blog John McGrath Mariners Insider Blog Seahawks Insider Blog Sounders Insider Blog Politics Politics Business Business Consumers People in Business New Businesses Port of Tacoma Real Estate Opinion Opinion Cartoons Editorials Letters to the … [Read more...] about Retailers like Shopko, Macy’s, Sears and Gymboree face uncertainty in 2019
Office space is getting harder to find across Buffalo Niagara, while vacant industrial sites are in even shorter supply. But the wave of department store closings has left plenty of retail space empty. Those are the main findings of an annual survey of the Buffalo Niagara commercial real estate market by real estate broker CBRE Buffalo. The report said increased leasing activity among financial and healthcare tenants, as well as in the suburbs, helped strengthen Buffalo's office market. The region's industrial market remained very tight, with a record-low vacancy rate amid an ongoing lack of enough space to meet new demand. But the closing of department stores at local malls contributed to a rise in empty space within the retail market. "Locally, vacancies are up overall, but not in well anchored regional and neighborhood strip centers," said Michael Clark, associate real estate broker at CBRE Buffalo for retail services. "Smaller tertiary markets like Buffalo tend to take more time to … [Read more...] about Office and industrial vacancy rates decline, while more retail space hits the market
By Allen Buchanan | | PUBLISHED: January 12, 2019 at 8:00 am | UPDATED: January 12, 2019 at 8:01 am Had I authored this column at the beginning of 2017, the advice would have been much different: list, field offers, choose the best one, enter contract, close! Simple. However, with times a-changin’ this column provides a more intense process to ensure you choose the right professional and fill your vacant commercial real estate quickly. If you own commercial property, at some point you will suffer a vacancy. If you have the opportunity to “salvage” an occupancy, please do! It’s much cheaper to maintain an existing occupant. If you cannot salvage the occupancy, most likely you will engage someone in our profession to find you a tenant or a buyer to represent your interests in the market. So how do you find the very best commercial real estate professional for the job? Gear your search around these points and your vacancy will be filled, fast! Define … [Read more...] about How to fill a commercial real estate vacancy — QUICKLY!