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Wall Street Journal
Commercial News

6/28/16

WSJ.com: Commercial Real Estate

Brexit Vote Roils Real-Estate Markets
Investors are dumping property shares in Britain and developers are reassessing projects following the U.K. vote to leave the EU.

Classic Waldorf Hotel to Be Gutted, Up to 1,100 Rooms Turned Into Condos
The Chinese acquirer of New York?s Waldorf Astoria is finalizing plans for an extensive overhaul that would shut the landmark hotel for up to three years and convert as many as three-quarters of its rooms into private apartments.

Appetite for Casual Restaurants Grows Among City Building Owners
As fast-casual restaurants, juice shops and gourmet coffee bars have been expanding their presence in Manhattan, they are finding a receptive audience not only among consumers but also building owners.

A New Generation Takes the Helm at the William Kaufman Organization
After Robert Kaufman died earlier this year, his grandson, Jonathan Iger, took sole control of one of New York?s real estate dynasties.

Trump No-Show Earns City's Ire in Bench Battle
New York City officials fined Donald Trump $10,000 after his representatives failed to show up at a hearing to explain why a bench remained missing from the Trump Tower lobby.

Rising Supply Pressures Urban Rental Boom
After a five-year boom in which rents have jumped by about 20% nationwide, some of the nation?s biggest cities?New York, San Francisco, Seattle and Boston among them?are beginning to see slower increases.

IKEA Plans Upgrades, Expansion in Russia
IKEA Centers Russia plans to invest about $2.1 billion to redevelop its portfolio of 14 properties in the country anchored by the namesake furniture retailer.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
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