Search

Amazon Fresh store priced at £2.5m leads next Allsop sale The property (pictured) on Chalk Farm Road, opposite the Roundhouse music venue, is let to Amazon Fresh until 2031, producing an annual rental income of £127,050, with CPI-linked rent reviews every five years. An Amazon Fresh store in Camden, north London, guided at £2.5m will be one of the star lots in Allsop's next commercial online auction on 23 March. [Extracted from the article]

Interest rate hikes, combined with higher inflation in many parts of the world, have dramatically altered the financing costs and expected returns for owners, developers, and managers. Investors and developers have long been the stars of real estate organizations, but today it's clear that the value created by people with digital talents and capabilities may come to equal that created by "traditional" real estate people. (10 pages) B "If you build it, they will come." b For decades, that's been as true for well-located office, retail, and residential real estate as for the baseball field in I Field of Dreams i . But today, paradigm shifts, higher inflation, higher interest rates, and climate change are forcing real estate investors and operators to face a fraught reality: today, if you build it - or buy it - in the usual way, they might not come. [Extracted from the article]

Meanwhile, nearly a third of the office occupiers polled are looking closely at their space to decide if it fulfils their future needs. Only a third of respondents polled for Irwin Mitchell's report on office occupier trends in 2023 know how energy efficient their office buildings are, despite the fact that Minimum Energy Efficiency Standards (MEES) will come into effect from 1 April 2023. Some businesses are already working to reduce the environmental impact of their office; 28% are replacing lightbulbs with LED lighting, 28% are reducing office waste and 24% are leveraging technology to lessen their environmental impact. [Extracted from the article]

Despite the numerous, well-publicized woes New York's office buildings have faced since Covid-19 hit, the buildings have already recovered almost all of their value from before the pandemic, according to the city Department of Finance. The values of the city's trophy office buildings have declined by much less than the values of its older office buildings, he said. [Extracted from the article]

Much of the 120 million square feet of commercial space in the city that's ripe for residential conversions, which Gov. Kathy Hochul highlighted this month in her State of the State address, might sit in Manhattan's Garment District. 260 W. 36TH ST. This 10-story, 81,400-square-foot prewar building, which sold for $33 million in December 2022, has had a mixture of non-garment tenants in recent years, including a theater, photo studio and architectural model practice. [Extracted from the article]

For now, Seattle's best hope for displaced workers and office brokers could be startups, including many launched by entrepreneurs who previously worked at Amazon and Microsoft. (Bloomberg) -- Job cuts at Amazon.com Inc. and Microsoft Corp. are the latest blow for the Seattle region, which is still struggling to recover from a pandemic-era decimation of the commuter economy that, as in many cities, is the lifeblood of America's second-largest tech hub. [Extracted from the article]

The article reports on the transformation of the old Brown-Lipe Gear Factory, which produced gears for bicycles in Syracuse, New York, into a creative space by businessman Rick Destito for artists, musicians, designers, entrepreneurs, and photographers.

The article talks about the importance of efficient internet infrastructure in office building, on use of internet connectivity as the parameter for selection of property for renting, and presents the list of equipment for internet infrastructure.

A chart is presented that shows commercial deals in New York City from November 17 to December 16, 2015 including office and retail leases.

The article discusses that Canadian-based Oxford Properties Group has entered the San Diego life science market in a big way, buying several buildings with plans to buy more.

The article discusses that mPower Technology, a solar company operated out of Carlsbad had raised funds in Series B financing to expand the company's R&D and manufacturing capabilities.

The article discusses the increase in the price tag on a massive redevelopment that will replace Seaport Village on San Diego's downtown waterfront under the revised plan. It mentions the views of the Yehudi "Gaf" Gaffen, the founder and chief executive officer of Gafcon, who formed 1HWY1 to develop Seaport San Diego on concern over climate change has led to some design changes.

The article highlights that Sason, a family owned real estate firm based in New York, plans extensive renovations to the Kearny Mesa office building it acquired, including makeovers for building lobbies and making its entry into the San Diego County market.

The article focuses on the Production studios are becoming an alternative commercial real estate asset class. Topics discussed include Blackstone and Hudson Pacific Properties announced plans to invest production studio on the edge of Los Angeles, a 20-minute drive north of Hollywood in Sun Valley; and the property, dubbed Sunset Glenoaks Studios, will be the first new large-scale production studio facility built in the Los Angeles area in over 20 years.

(Bloomberg) -- The Hong Kong Monetary Authority raised its benchmark interest rate for a seventh time this year, a move that could spur the city's biggest banks to raise their prime rates and pressure the property market further. Hong Kong raises rates in line with the Fed due to the local currency's peg to the greenback. [Extracted from the article]

Companies are redesigning office spaces to be more like event spaces or hotel lobbies. That's still a draw, but so is a place that lets employees focus—the top reason workers cited in a new survey from Gensler, which could suggest a post-pandemic paradigm shift. [ABSTRACT FROM AUTHOR]

Landlords including Land Securities Group Plc, British Land Co., and Great Portland Estates Plc reported rising rents for their offices, warehouses and even stores this week but it wasn't enough to prevent them writing down valuations. (Bloomberg) -- The end of the era of cheap money has revived a rare phenomenon in UK real estate: valuations are dropping even as rents rise. [Extracted from the article]

The article discusses the 2022 Salt Lake City Industrial and Office Figures report published by commercial real estate firm CBRE which offered information on industrial space vacancy, leasing activity, and lease rates in Salt Lake City, Utah.

Chancellor Jeremy Hunt's surprise decision to scrap the proposed freeze on alcohol duty has piled further misery on the embattled hospitality sector, with the Night Time Industries Association (NTIA) warning of the likely closure of one third of its members' venues. Retailer Watch Boots UK The increasing post-pandemic return to high street shopping and overseas holidays helped Boots UK achieve a 15.2% lift in like-for-like sales in its fourth quarter to 31 August, compared with the same period in 2021. [Extracted from the article]

Evolving business As a company we continue to evolve to meet the changing demands of our clients and their customers. They can then submit invoices electronically to the Yardi client, which allows them to make faster payments and vendors can easily access status updates on invoices. Investing in technology has enabled our clients to gain a better insight and understanding of their own customers and how they need to differentiate themselves to grow their business. [Extracted from the article]

PROPERTY PROPERTY COMMERCIAL It has been one of the most surprising years for commercial property. Investor demand, low stock, record low interest rates and, now, improving business confidence have all supercharged the commercial market. This rapid growth has attracted all types of investors over the past 12 months, with some sub-sectors of the commercial markets growing by more than 20% in the period. [Extracted from the article]

The article discusses the second attempt of shared workspace company WeWork to go public. It mentions the chaos caused by the former chief executive officer Adam Neumann and the COVID-19 pandemic, the new CEO Sandeep Mathrani and his efforts to better manage the leasing of office space, and how new working conditions may affect the business.

The article reports on application for approval of the proposed 260-foot high office building project in downtown Vancouver, British Columbia with the city council. The project is designed by Perkins&Will for Bonnis Properties principals Kerry and Dino Bonnis. Old buildings in the area like the Commodore Ballroom and the Orpheum will be protected. Also cited is the comment of councilor Pete Fry on the project.

Several charts are presented that lists firms which are on commercial deal for leases such as office leases and retail leases in New York City from October 16, 2015 to November 16, 2015 along with information on tenant, size and landlord.

Charts are presented showing list of the dealing of commercial property in New York City from September 09 to October 15, 2015, which include office leases, retail leases, buy outs and financing.

A table is presented which shows office leases in New York City as of October 2015.

A chart is presented which depicts the ranks of several sustainable office buildings in terms of their net office space along with information on their developers, green technology used in buildings and their leasing agent.

Chicago developer Mike Reschke is in talks to purchase the historic Jewelers Building at 35 E. Wacker Drive and convert part of it into a hotel. The 40-story tower is currently facing a foreclosure lawsuit filed by John Hancock Life Insurance. Reschke's firm, Prime Group, is considering the hotel conversion due to the decreased demand for office space in the city and the recovering downtown hospitality market. The purchase price is estimated to be between $35 million and $40 million. The building, completed in 1926, is a Chicago landmark and has a prominent cupola on the 40th floor that was once a speakeasy run by Al Capone. [Extracted from the article]

Belle Tire Distributors Inc. called Allen Park its headquarters for nearly four decades. The Century building is at 25800 Northwestern Highway at Civic Center Drive and is owned by Livonia-based Schostak Bros. & Co., which developed the property in the 1980s. [Extracted from the article]

Copyright of Allgemeine Hotel- und Gastronomie-Zeitung is the property of dfv Mediengruppe and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The article reports that Amid surging COVID-19 cases, the province delayed the final stage of its reopening plans that would have potentially seen offices returning to normal capacity by Labour Day.