Commercial News for 4/24/14
WSJ.com: Commercial Real Estate
Plots & Ploys
Colorado's Oakwood Homes is purchasing Henry Walker Homes in a deal valued at over $75 million. The deal is a sign that home builders are deciding the best way to expand into a new market is to buy your way in.
Ruling Bodes Well for REIT Converts
News that advertising company CBS Outdoor has received a green light from the IRS to convert into a real-estate investment trust is a positive sign for other companies awaiting similar rulings.
Hotel Builders Bet on Africa Gas Boom
When Enrique Nieto arrived in Palma eight months ago, there was one communal water tap and no paved roads. Now he is about to open the village's first hotel. The reason: natural gas.
Hot Spot Gets Cold Shoulder
In the early 1990s, an inflow of Russian money boosted tourism and drove up real-estate prices in the German spa town of Baden-Baden. Now locals are worried about Russian funds drying up.
What's the Deal
A roundup of commercial real estate transactions from across the tri-state region.
Housing Trouble Grows in China
Overbuilding by Chinese real-estate developers has left many of the country's smaller cities with a glut of apartments for sale, driving down prices and posing an economic threat.
Former Tobacco Hub Clears the Air
Preservationists have long staked a claim to rescuing architecturally important train stations and government buildings. Many now are shifting their focus to saving vestiges of America's industrial past.