Commercial News for 11/1/14
WSJ.com: Commercial Real Estate
A Bet on Miami Signals Luxury Retail's Urban Shift
General Growth Properties. and Ashkenazy Acquisition are paying $280 million for a 20% stake in the company that owns much of this city?s Design District, betting on the emerging luxury-retail neighborhood as some 50 brands prepare to open new stores.
A Modular-Design Setback in Brooklyn
Advocates of affordable housing and for design innovation cheered in 2011 when Forest City Ratner unveiled plans to push ?modular? construction techniques with a Brooklyn apartment tower. But now Forest City and construction company Skanska USA are suing each other over B2 BKLYN.
Casinos Put Up Hands Near Colleges
Casino gambling may soon be added to the list of campus vices in New York, drawing anticipation from college students and concern from legislators and school officials.
Hotel Family Lays Out a Future
Denihan Hospitality Group is focusing on expansion as it rides the strong hotel market in New York and looks to a new generation of the Denihan family.
London Real-Estate Market May Be Cooling
Homes in the U.K. capital have been among the hottest global assets in recent years, but signs continue to suggest the heat is escaping.
'New Urbanism' Hits the Suburbs
Long Island is seeing a boomlet in alternatives to the long-treasured single-family home, from rental buildings near transit hubs for young people to multistory condo developments often aimed at empty nesters.
Wells Fargo Banks on European Real Estate
Wells Fargo, the largest U.S. commercial-property lender, is pushing deeper into Europe amid worries about the strength of the U.K. market and as eurozone countries slide toward recession.