Commercial News for 1/26/15
WSJ.com: Commercial Real Estate
Robertson Stretches to New Zealand
Billionaire Julian Robertson is renowned as a pioneer in the hedge-fund industry, but less know is the role that a New Zealand real-estate investment has played in his career and that of one of his sons.
Chelsea Rooftop Offers Toasty Winter Getaway
The McKittrick Hotel, the home of the immersive theater piece ?Sleep No More? on West 27th Street, has reimagined its rooftop garden as a winter lodge.
China's Kaisa Seeks to Raise Funds From Foreign Investors
Cash-strapped Chinese property developer Kaisa Group Holdings is exploring ways to raise funds from foreign investors and is in talks with other Chinese developers to sell assets.
Millennials Yearn for Homes in the Suburbs
New survey shows Generation Y prefers to live in single-family homes outside the urban center, even if they currently reside in the city.
Loan Firms Boom as Banks Shift Debt in Europe
Under pressure from regulators and investors to clean up their balance sheets, European banks have unloaded loans at a record pace. The huge debt portfolios have mostly been snapped up by private-equity firms.
Revel Casino's Sale to Developer Can Proceed, Says Judge
A federal judge denied a request by the restaurants, night clubs and other tenants of Atlantic City, N.J.?s Revel Casino Hotel to temporarily halt the sale of the boardwalk property to a Florida developer.
Housing Starts End Year Solidly, Up 4.4%
A burst of groundbreakings for single-family homes last month offered hope a key segment of the housing market is revving up after years of malaise.