Commercial News for 12/19/14
WSJ.com: Commercial Real Estate
Hotels Sue L.A. Over Minimum-Wage Law
Two national hotel-industry groups are suing Los Angeles, arguing a recent minimum-wage increase unfairly targets the hospitality business and that certain provisions interfere with federal labor law.
Boom in Bolivia Brings Concerns About a Bust
Bolivia, one of Latin America?s poorest countries, is experiencing a spurt in economic growth that has ignited a boom in the real-estate sector.
Skyscraping Prices in Manhattan
The Manhattan condominium and co-op apartment market is setting numerous records in 2014 partly thanks to high sales of units costing more than $10 million, according to a new report.
Harlem's 125th Street Picks Up Momentum
Several retail, residential and commercial real-estate projects are giving new vibrancy to the commercial corridor of Harlem?s 125th Street.
Home-Builder Sentiment Diverges From Reality
Ahead of the Tape: Home builders are smiling like it is the 2005 boom. They are building like it is the 2008 bust.
Hot Source of Property Funds: Visa Seekers
Developers are raising hundreds of millions of dollars for U.S. building projects through the EB-5 visa program, which offers green cards to foreigners whose investments create U.S. jobs.
Cushman & Wakefield to Acquire Massey Knakal
Real-estate firm Cushman & Wakefield has agreed to pay about $100 million to acquire Massey Knakal, a boutique brokerage.