Commercial News for 3/31/15
WSJ.com: Commercial Real Estate
Forced Sellers Could Get More in Florida
Florida lawmakers are considering closing a legal loophole that allowed real-estate investors to force some condominium owners to sell their units for less than they paid for them.
Bahamas Resort's Delay Hurts China's Construction Plans
The opening of a $3.5 billion Bahamas resort was delayed again as a state-owned Chinese construction company and the local developer feuded over who is to blame for mismanaging the project.
Companies Split Off Real-Estate Assets
Rising real-estate values are driving more retail companies to consider splitting off their real-estate assets to generate cash.
New York's Latest Medical Facilities May Simplify Seeing the Doctor
New projects aim to put more of the specialists patients need to see under one roof.
When It Makes Sense to Outsource Leasing
In New York, RFR?s hiring of JLL shows the tradeoff between market reach and commissions.
Montana Rules Tim Blixseth Owes $56 Million
A Montana tax board said real-estate developer Tim Blixseth, embattled founder of the ultra-luxurious Yellowstone Club ski and golf resort, owed the state $56 million in back taxes.
China Firms on Hunt for Trophy Assets
A thirst for natural resources among Chinese companies is being replaced by a rising hunger among businesses and wealthy individuals to acquire trophy assets and find homes for their cash overseas.