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Commercial News for 4/17/14

WSJ.com: Commercial Real Estate

Former Tobacco Hub Clears the Air
Preservationists have long staked a claim to rescuing architecturally important train stations and government buildings. Many now are shifting their focus to saving vestiges of America's industrial past.

New York REIT Starts Fast
Shares of Nicholas Schorsch's latest real-estate investment trust closed trading at $10.75 a share, rising close to 3.8% in the last hour of trading. Before Tuesday, the shares were valued at $10 each.

Plots & Ploys
Google made a limited number of its Google Glass products available to the general public for the first time, and Starwood Hotels & Resorts wants in.

Nasdaq Is Bullish on Times Square Backdrop
Nasdaq OMX Group Inc. is renovating its high-wattage building in Times Square as it leverages its growing New York City presence to attract more corporate clients and recruit more high-tech talent.

Space Quest: Google Needs More Offices
Google has played a major role in New York's evolution into a technology center and now wants to expand further in the city, launching a search for enough space to hold more than 3,000 employees.

For Sale: a New York City Landmark
The Church Missions House, on land donated by financier J. Pierpont Morgan, is on track to revert to for-profit ownership: The six-story, 36,749-square-foot jewel is being put up for sale on Monday.

Settlement Prevents Apartments' Foreclosure
The owners of 1,700 below-market apartments in New York City have struck a deal with their lenders and the state attorney general's office to rescue the portfolio from foreclosure.

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