Commercial News for 9/3/15
WSJ.com: Commercial Real Estate
Bob Evans Will Pursue Sale-leaseback of Restaurant Properties
Bob Evans Farms intends to sell and lease back some of its restaurant properties, targeting proceeds of $165 million to $170 million.
FHA Offers Olive Branch to Hesitant Lenders
The government is trying to coax banks back to making mortgage loans to risky borrowers, after a string of expensive disputes over a federal loan program led some banks to conclude it wasn?t worth the headaches.
What Should Macy's Do With Its Flagship Store?
Macy?s is the latest major retailer to consider spinning off its real-estate assets into a separate company. But first it will have to decide what to do with its prized asset, the landmark building at New York?s Herald Square.
Marijuana Producers Gobble Up Warehouse Space in Denver Area
Since voters in Colorado legalized recreational use of marijuana in 2012, growers and distributors have gobbled up most of the available warehouse space in the Denver area, a major logistics hub for companies moving goods between the Midwest and the West Coast.
New York City Office Construction Nears 25-Year High
Rising pace reflects improving economy and low interest rates, construction group says.
Hong Kong Property Developer Invests in Co-Working Space Company NeueHouse
Hong Kong property company Great Eagle recently invested $25 million in NeueHouse, a New York-based provider of upscale co-working space. Its plan is to open a number of co-working spaces adjacent to Great Eagle?s new lifestyle hotel brand.
TIAA-CREF, Swedish Pension Funds Form Property Venture
U.S. investor TIAA-CREF and Swedish National Pension Funds AP1 and AP2 have teamed up on European office investments.