Commercial News for 1/28/15
WSJ.com: Commercial Real Estate
Graying America, Health-Care Overhaul Boosts 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.
Chelsea Rooftop Offers Toasty Winter Getaway
The McKittrick Hotel, the home of the immersive theater piece ?Sleep No More? on West 27th Street, has reimagined its rooftop garden as a winter lodge.
China's Kaisa Seeks to Raise Funds From Foreign Investors
Cash-strapped Chinese property developer Kaisa Group Holdings is exploring ways to raise funds from foreign investors and is in talks with other Chinese developers to sell assets.