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Commercial News for 1/31/15

WSJ.com: Commercial Real Estate

Chinese Firm Looks to California
A Chinese real-estate firm known for its big investments at home is casting its net much farther afield, becoming one of the most aggressive property buyers in California.

Builders Bet on Strong Spring With Speculative Homes
Home builders are ramping up their construction of speculative homes?those built without a buyer lined up in advance?in anticipation that the recent pickup in sales will carry through to the spring home-buying season.

Graying America, Health-Care Overhaul Boost Medical Properties
Investors are pouring money into buying and developing health-care-related properties, a class of commercial real estate that has been outperforming almost all others since the recession.

Retail at Port Authority Bus Terminal Is Poised for Renewal
Crowded bus stations aren?t commonly known for appealing retail environments, but two New York City real-estate firms are aiming for just that at the Port Authority Bus Terminal.

Aid for Factory Hits Sweet Spot
New York City has awarded $13.2 million in recovery funds to Madelaine Chocolate Co., one of the largest employers in the city hit by superstorm Sandy.

Speaker's Woes Leave Tenant Advocates Wary
Rent-regulation laws are due to expire in June?along with tax abatements sought by the real-estate industry?and it is far from clear what role Assembly Speaker Sheldon Silver will play in this year?s face-off in Albany.

Robertson Stretches to New Zealand
Billionaire Julian Robertson is renowned as a pioneer in the hedge-fund industry, but less know is the role that a New Zealand real-estate investment has played in his career and that of one of his sons.

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