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Commercial News for 11/29/15

WSJ.com: Commercial Real Estate

Some Malls Pressure Retailers to Open on Thanksgiving
While most department stores set their own hours, the small shops that line mall hallways tend to follow the lead of their landlords, which take their cues from chains like J.C. Penney and Macy?s.

Mall Owners Find Silver Lining in Retailer Busts
Some wobbly retailers are heading into the holiday shopping season with their fates hanging in the balance. Landlords are watching with a mix of concern and anticipation about potential store closings. The bright side: New tenants can mean higher rents.

Soros Puts Money on Latin America Hotels
Billionaire George Soros?s investment firm has agreed to spend up to $300 million on an Argentine hotel company?s Latin America expansion, a vote of confidence in the region.

Australian Robot Lays 300 Bricks an Hour
What do you do when a hot property-market has driven bricklayer salaries to nearly $100,000 a year in Australian cities like Sydney? Call in the robots.

New Office Leasing Picks Up in Europe
Companies in Europe this year have signed new leases for office space at a faster rate than at any time since the start of the 2008 financial crisis.

At Last, a Secondary Market Emerges for Private-Equity Real-Estate Funds
Values of real-estate private-equity funds have rebounded enough from the financial crisis of 2007 that investors can sell their stakes in what has become a burgeoning secondary market.

Immigrant Visa Program Divides Big Builders
Key real-estate industry players are lining up against giant rival Related in a fight to shape the future of the federal EB-5 immigrant investor program.

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