Commercial News for 7/23/14
WSJ.com: Commercial Real Estate
A Power Surge in the Rust Belt
General Electric cut a deal with county and city officials to move a number of operations?including human resources and finance?to a new $90 million facility in downtown Cincinnati on the banks of the Ohio River.
New Lenders Enter Property Market and Think Small
As the economy improves, lenders see loans for smaller properties as less risky. And with less competition, interest rates and potential profit can be higher.
Plots & Ploys
Money from China has been a top driver of some housing markets, especially in coastal cities such as San Francisco and Los Angeles. But that spigot may soon tighten.
Queens Project Stirs Worry That Residents Will Be Priced Out
New York City Mayor Bill de Blasio's affordable-housing ambitions are being tested by the first major project he has shaped from its early stages, a 2.2-million-square-foot development on the Queens waterfront that is raising fears of Brooklyn-style skyrocketing rents.
Property Investors Unfazed in Puerto Rico
Puerto Rico's deepening economic troubles have punished investors and made life hard for many locals. But one group has been encouraged by the opportunities it sees: real-estate investors.
A Tech Hub Treads in a Sea of Bureaucrats
Vornado Realty Trust is embarking on an experiment to create a cluster of technology companies amid its 7.3 million square feet of offices in Crystal City, Va., home of defense agencies and government contractors.
Sale-Leasebacks Ease Italy's Real-Estate Jam
Deals have begun to flow out of two funds that were set up by the Italian government in 2004 to do sale-leasebacks of government-owned property.