Real Estate :: Buildings

Four area malls to close on Thanksgiving Day

fox2now.com

Four area malls to close on Thanksgiving Day


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Peek inside this two-bedroom penthouse in Watertown luxury building

boston.com

Peek inside this two-bedroom penthouse in Watertown luxury building


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UPDATE: Iowa City Council passes rent abatement ordinance

kcrg.com

UPDATE: Iowa City Council passes rent abatement ordinance


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Outlet mall in Hanover is scrapped by developer

richmond.com

Outlet mall in Hanover is scrapped by developer


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Malls, a struggling symbol of suburban America, could help ease the housing crisis

latimes.com

Malls, a struggling symbol of suburban America, could help ease the housing crisis


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Maryland residents claim Jared Kushner’s real estate company slammed them with inflated fees

nydailynews.com

Maryland residents claim Jared Kushner’s real estate company slammed them with inflated fees


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Construction continues at Knutson Building in Cedar Rapids

kcrg.com

Construction continues at Knutson Building in Cedar Rapids


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Home / United States / Real Estate / Buildings
More than 60 malls across America will be closed on Thanksgiving — here's the full list
than 60 malls across America will be closed on Thanksgiving — here's the full list Published 10:26 am, Thursday, October 12, 2017 CBL Properties is taking a stand against Black Friday creep. For the second year in a row, the mall operator that manages 62 malls across the country will close all of its locations for the entirety of Thanksgiving Day, according to a letter from its CEO, Stephen Lebovitz   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Shopping Malls | 
Places: North America |  United States |  American South |  Southcentral US |  Texas |  Webb |  Laredo | 
Cleveland's One University Circle apartment tower already is landing some lofty tenants (photos)
But the developers behind the $116 million project already have signed up a handful of tenants, including an unidentified couple that inked a decade-long lease on a 5,500-square-foot unit that will be the only residence on the building's 20th - and top - floor. "We know we're early," Mitchell Schneider, the president of First Interstate Properties, Ltd., of Lyndhurst said of pre-leasing, which started in early August   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Tenants | 
Four area malls to close on Thanksgiving Day
ST. LOUIS – Four malls in the greater St. Louis area will be closed on Thanksgiving Day, giving employees a well-deserved day off with their families. CBL Properties, a real estate trust, announced Wednesday the malls they manage in the area would be closed November 23: Mid Rivers Mall; St. Peters,Missouri. St. Clair Square; Fairview Heights, Illinois. South County Center; south St   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Shopping Malls | 
Places: Americas |  North America |  United States |  Midwest |  West |  Missouri |  St. Clair | 
Enjoy the turkey; 4 St. Louis area malls will stay closed (again) on Thanksgiving
CBL Properties, which owns four St. Louis area malls and dozens more around the country, said its malls will close on Thanksgiving Day, just as they did last year. Chattanooga, Tenn.-based CBL — which owns West County Center, South County Center, Mid Rivers Mall and St. Clair Square — said Wednesday its malls around the country will close Thanksgiving Day and reopen on Nov   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Shopping Malls | 
Places: Americas |  North America |  United States |  Midwest |  West |  Missouri |  Chattanooga | 
BRIEF-Crombie announces agreement with Sears Canada at Avalon mall
Oct 10 (Reuters) - Crombie Real Estate Investment Trust : * Crombie REIT announces agreement with Sears Canada Inc. at Avalon mall * Says Crombie is currently in first year of redevelopment at Avalon mall & Phase I investment is estimated at $54.5 million * Says for receiving $5 million lease surrender fee, Sears agreed to early termination of lease   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Shopping Malls | 
Places: Americas |  North America |  United States |  Canada | 
Colonial Park Mall sold
The owner of the Colonial Park Mall has agreed to sell the property. Washington Prime Group, which owns the mall located in Lower Paxton Township, is selling the property and another mall in Iowa as it restructures its portfolio in an effort to reduce debt. CoStar.com, which maintains a database of commercial real estate information, says the company agreed to sell the 738,798-square-foot mall to an as-of-yet unidentified private real estate investor for $15 million, or about $20 per square foot   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Shopping Malls | 
Places: Americas |  North America |  United States |  Northeast |  Atlantic |  Pennsylvania | 
Neglect plagues downtown Portland’s landmark Time & Temperature Building
A historic office building that defines downtown Portland’s skyline is in the midst of an exodus of tenants as the property continues to fall into disrepair. Elevators inside the Time & Temperature Building at 477 Congress St. are constantly breaking down, tenants say, and the elevators’ inspection certificates expired in February. Paint is peeling off the walls and ceilings. Corroded metal beams in the parking garage drip rusty, oily water onto parked cars when it rains   Read More ...
Categories: Real Estate | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Maine | 
Peek inside this two-bedroom penthouse in Watertown luxury building
Located at Repton Place, this two-bedroom, two-bath, 1,182-square-foot condo has access to such building amenities as a fitness center, saltwater pool, outdoor spaces, and bike storage. The unit, 4 Repton Circle, No. 4410, is listed for . Inside, you’ll find walls of windows, high ceilings, and rosewood floors. The kitchen has stainless-steel appliances, granite countertops, maple cabinets, and pull-out shelves. Other features include central air, a washer/dryer, seven custom closets, two private storage units, and guest parking   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Luxury Buildings | 
Places: Americas |  North America |  United States | 
Major tenant given the boot from Brunswick Landing
BRUNSWICK, Maine (AP) — One of the first major tenants at Brunswick Landing has been given the boot for missing rent payments, freeing up some prime real estate. Steve Levesque of the Midcoast Regional Redevelopment Authority told the Portland Press Herald (http://bit.ly/2gkC6yh ) that the lease with Kestrel Aeroworks was terminated Thursday. Levesque says Kestrel had not paid rent in more than a year   Read More ...
Categories: Real Estate | 
Places: Americas |  North America |  United States | 
Mall owner rebrands itself amid 'retail apocalypse' narrative
Malls are changing. As specialty tenants, like Gymboree and Wet Seal, file for bankruptcy, and as department store chains, like Sears and J.C. Penney, scale back their physical footprints, those real estate landlords are left with boxes to fill and room for innovation. Like its peers, CBL & Associates Properties, a Tennessee-based retail real estate investment trust, has been fighting the idea that malls are "dying   Read More ...
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Places: Americas |  North America |  United States | 
Tenants of troubled New London housing complex may be able to move - Dauer: 114 Sekunden
Tenants of the troubled Thames River Apartments may soon be able to find other affordable housing.   Read More ...
Categories: Real Estate | 
Tags: Tenants | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Connecticut |  New London |  New London | 
BRIEF-Washington Prime to retain Southern Hills Mall, sell Colonial Park Mall
Oct 4 (Reuters) - Washington Prime Group Inc * Washington Prime Group announces strategic transactions * Washington Prime Group Inc - signed definitive agreement to retain Southern Hills Mall, dominant enclosed asset * Washington Prime Group Inc - signed definitive agreement to sell Colonial Park Mall, Tier 2 asset * Washington Prime Group Inc- have addressed all 2017 mortgage debt maturities * Washington Prime-during 9 months ended Sept 30, co expects to record non-cash impairment charge of about $20   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Shopping Malls | 
Places: Americas |  North America |  United States | 
Tenants of troubled New London housing complex may be able to move
NEW LONDON, Conn. (WTNH) — Tenants of the troubled Thames River Apartments may soon be able to find other affordable housing. The City of New London says on Monday, October 2nd, the New London Housing Authority received approval of its disposition application for Thames River Apartments from HUD Special Application Center. The approval of this application means the residents of the Crystal Avenue high rise development will be offered new opportunities for quality housing   Read More ...
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Tags: Buildings |  Tenants | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Connecticut |  New London |  New London | 
UPDATE: Iowa City Council passes rent abatement ordinance
City council members in Iowa City will consider adopting an ordinance tonight. It would allow the city to say people do not have to pay their rent if their rental property isn't up to code. However, this would only apply to serious situations. There would have to be a substantial risk to the health or safety of the tenant, such as no heat in the winter, flooding, or a threatening electrical condition   Read More ...
Categories: Real Estate | 
Places: Americas |  North America |  United States |  Midwest |  West |  Iowa |  Iowa City |  Johnson | 
Las Vegas gunman 'only rented to people with good credit,' former tenant says
Stephen Paddock owned an apartment complex in Mesquite, Texas, and once he bought it, management seemed to improve--Paddock insisted on renting only to tenants with good credit, one tenant said. Richard Gehring, a 60-year-old roadway engineer, has lived for more than a decade at the Central Park Apartments complex, which the man whom police have identified as the gunman in Sunday's mass shooting in Las Vegas sold in 2012   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Tenants | 
Places: Americas |  North America |  United States |  West |  Pacific |  California | 
Outlet mall in Hanover is scrapped by developer
A long-planned outlet mall along Interstate 95 in Hanover County is not moving forward. The 400,000-square-foot mall was to be located at the northeast corner of Lakeridge Parkway and Lewistown Road, in the Northlake Business Park, off Interstate 95’s exit 89. Proposals to develop an outlet mall in Hanover date back almost a decade. “In my opinion, outlet malls have peaked   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Shopping Malls | 
Places: Americas |  North America |  United States |  Europe |  C. Europe |  Germany |  Lower Saxony |  Hanover | 
Malls, a struggling symbol of suburban America, could help ease the housing crisis
In the San Fernando Valley, there are plans to level a nearly vacant mall and replace it with some 1,400 homes, boutique retail space and a concert venue. In Orange County, an aging mall will give way to a mixed-use development with more than 900 homes. And in the South Bay, hundreds of homes are planned to replace a struggling mall that opened in the mid-1980s   Read More ...
Categories: Real Estate | 
Places: North America |  United States |  West |  Pacific |  California |  South California |  Coast |  Los Angeles Metro |  San Fernando |  San Fernando |  South |  Orange | 
Amazon confirms plans for Euclid fulfillment center, replacing another dead mall (photos)
EUCLID, Ohio - Amazon plans to bring a second fulfillment center - and 1,000 additional jobs - to Northeast Ohio, replacing another dead shopping mall with an e-commerce hub. The Seattle-based company finalized a lease Wednesday on a planned 650,000-square-foot building in Euclid, on the site of the empty Euclid Square Mall. The deal coalesced barely a month after Amazon committed to its first such local project, an even larger facility set to open next year in North Randall, where Randall Park Mall once stood   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Shopping Malls | 
Places: Americas |  North America |  United States |  Midwest |  East |  Ohio | 
Neighbor risks safety to wake up tenants in building fire
BARRE, Vt. (AP) — Firefighters in Vermont say an alert neighbor risked his own safety to awaken tenants in a two-story apartment building to a fire that was spreading. Firefighters in the town of Barre say the actions of 40-year-old Jeremy Dunster helped in evacuating everyone safely early Wednesday. The American Red Cross says it's assisting 10 people displaced by the fire, which also caused some damage to nearby buildings   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Tenants | 
Places: North America |  United States | 
Maryland residents claim Jared Kushner’s real estate company slammed them with inflated fees
Two Maryland residents filed a class action lawsuit Wednesday accusing Jared Kushner’s real estate company of overcharging them. The suit filed in Maryland State Court alleges that Westminster Management, a company owned by President Trump’s son-in-law, charged its tenants improper fees and then tried to evict them when they couldn’t pay up. “Adding small but improper fees to the rent of tenants living paycheck to paycheck, then misallocating rent payments to those fees in order to generate more fees is a scheme that preys on working-class tenants,” said Andrew Freeman, whose firm represents the plaintiffs   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Tenants |  Real Estate Markets | 
Places: Americas |  North America |  United States |  Maryland | 
Tenants hit Jared Kushner’s real-estate company with a class action lawsuit
Tenants of the Baltimore-area apartment complexes owned by Jared Kushner’s real-estate company have brought a class-action lawsuit against the firm’s property management arm over its aggressive pursuit of tenants for allegedly unpaid rent. The lawsuit, filed Wednesday in Circuit Court for Baltimore City, alleges that the management company and related corporate entities have been improperly inflating payments owed by tenants by charging them late fees that are often unfounded and court fees that are not actually approved by any court   Read More ...
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Places: Americas |  North America |  United States | 
Prominent NYC landlord to pay $500G for trying to drive out rent-regulated tenants with unruly construction
A major landlord in gentrifying New York neighborhoods will pay $500,000 to settle charges of harassing rent-regulated tenants with disruptive construction. Icon Realty Management on Wednesday settled with a city/state task force created by Gov. Cuomo, Attorney General Eric Schneiderman and Mayor de Blasio. The task force found Icon tried to drive lower-rent paying tenants out of their Lower East Side, East Village and Brooklyn buildings by tearing up common areas and ignoring repair requests   Read More ...
Categories: Real Estate | 
A Luxury Building Boom Hits Montreal
But over the last decade, after the city’s politics had stabilized, companies started to come back. New start-ups have popped up, for example, particularly in the fields of technology, artificial intelligence and gaming. Facebook just announced it is creating an artificial intelligence research lab in Montreal, and last fall Google said that it would open a similar facility there. “The stable political environment in Montreal these last years, especially when we take into consideration the more unstable global environment created by Brexit and other elections in Europe, has made Montreal more attractive to business and leisure visitors,” said Denis Coderre, Montreal’s mayor   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Luxury Buildings | 
Places: United States |  Montreal | 
About 70 percent of Houstonians flooded in public housing units paid September rent
The Houston Housing Authority has started issuing refunds to 130 tenants in public housing units who paid rent in September for units deemed unlivable after Hurricane Harvey. Reimbursement checks were given to public housing officials last Friday for tenants in the Irvington Village and Forest Green apartment complexes, spokeswoman Sunita Dharani said Tuesday. Checks for tenants of Clayton Homes, which suffered the most damage of the the authority's four flooded properties, were given to officials Monday   Read More ...
Categories: Real Estate | 
Places: Americas |  North America |  United States |  South |  Southcentral US |  Texas |  Harris |  Houston | 
Reinventing Stony Point Fashion Park: Mall plans new features and tenants to lure a broader range of shoppers
Stony Point Fashion Park, envisioned as a luxury mall when it opened in 2003, is undergoing a major renovation in an attempt to lure a broader range of shoppers and diners. The mall is reinventing itself as it adapts to a retail landscape vastly changed from 14 years ago this month when the mall opened two weeks after cross-town rival Short Pump Town Center opened   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Tenants |  Shopping Malls | 
Places: Americas |  North America |  United States | 
Malls heading toward food, services and AI
Imagine shopping in the future: Stores are showrooms and your purchases are delivered to your home. Malls are places where you work out and then eat, go to your office and live around the corner. An autonomous car takes you to and from other shopping centers and parking lots are repurposed for a higher and better use. Artificial intelligence makes it possible to order a piece of apparel without even trying it on or leaving the couch — but you still go out because you crave human interaction   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Shopping Malls | 
Places: Americas |  North America |  United States | 
Construction continues at Knutson Building in Cedar Rapids
Developers at Hobart Historic Restoration want to open the Knutson building in Cedar Rapids by the end of the year. The building will include 18 market-rate rentals. The Hobarts say construction is on schedule. Crews will start putting up dry wall, starting next week. Developers say it's been a process to stabilize this building.The almost 130-year-old building has had many tenants over the years   Read More ...
Categories: Real Estate | 
Tags: Buildings | 
Places: Americas |  North America |  United States |  Midwest |  West |  Iowa |  Cedar Rapids |  Linn | 
New tenant named in redevelopment of Crestwood Boulevard strip mall
A new buffet restaurant is the first named tenant in a $2 million renovation at a shopping center on Crestwood Boulevard. King Buffet will occupy 10,000 square feet of the strip mall. In all, 18,750 square feet are being renovated as a part of the project. Hamilton Huber, of SRS Real Estate Partners, represents Starlite Theater Company, LLC which owns the development   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Tenants |  Shopping Malls | 
Places: Americas |  North America |  United States |  South |  Southeast US |  Alabama | 
Euclid fulfillment center project - possibly Amazon - on dead mall site gets design approval (photos)
EUCLID, Ohio -- The massive industrial project slated to replace Euclid Square Mall won design approval late Tuesday. And though the developer wouldn't identify the tenant, several clues - the size, layout, function and color scheme - point to Amazon. Euclid's Architectural Review Board approved schematic plans for a huge fulfillment center that will supplant the dead mall, which closed last year   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Shopping Malls | 
Places: Americas |  North America |  United States |  Midwest |  East |  Ohio | 
Housing authority charges tenants rent for flooded units
Residents of at least one Houston public housing complex have been asked to pay September rent for flooded units deemed uninhabitable even as Mayor Sylvester Turner has publicly condemned private landlords for similar practices. Half a dozen tenants of Clayton Homes, which is owned by the Houston Housing Authority, said property management asked them about rent earlier this month, even though Hurricane Harvey had rendered their units unlivable   Read More ...
Categories: Real Estate | 
Places: Americas |  North America |  United States |  South |  Southcentral US |  Texas |  Houston | 
Retail malls are going to evolve: Starwood Capital's Barry Sternlicht
The biggest problem with malls is apparel, says Barry Sternlicht, Starwood Capital Group chairman and chief executive officer, sharing his thoughts on the future of malls and weighing in on special purpose acquisition companies versus going public.   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Shopping Malls | 
Places: Americas |  North America |  United States | 
Great opportunities for New York apartment renters are out there 
New York City's rental market is notoriously competitive. However, recent media coverage reports that the market has weakened for landlords, thus creating a more tenant-friendly environment. But what does this mean for the average apartment seeker here in our city? Have rents come down? Do tenants have a wide array of vacant apartments from which to choose? Should building owners be worried? While the situation is not doom-and-gloom for landlords, there is increased opportunity for tenants to score a deal   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Tenants | 
Places: Americas |  North America |  United States |  New York | 
Tenants endure moldy apartments as landlord threatens late fees
A crumbling, half-empty apartment complex in southwest Houston is a mere speck in the vast sweep of Hurricane Harvey's path of destruction. If we zoom in for a closer look, though, the tenants of the Rockport Apartments can tell us a story. It's not a pleasant one. "My brother is a little bit sick," said 11-year-old Stephanie Plancarte, who sat on a stairway in a courtyard on Thursday with 5-month-old Alexander curled in her lap   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Tenants | 
Places: Americas |  North America |  United States | 
Tenants terrified after rental company locks away buildings’ storm shutters as Hurricane Irma bears down
Tenants at a Florida apartment complex are scared and angry because the company that manages their property is not letting them board up their windows for Hurricane Irma. Local news station WPTV reports that property management company Services Taylor Made, Inc. sent a letter to renters at the Colony Park apartment complex this week telling them they are not allowed to shutter their windows without offering them any rationale for the decision   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Tenants | 
Places: Americas |  North America |  United States | 
Amazon fears sink Blackstone's $2.8 billion Australian mall sale
With no interest in the entire 10-mall package, the cancelled sale is also the latest sign of stress in Australia’s east-coast real estate market, where population growth and booming property prices have underpinned landlords’ profits for years. “They had strong offers, but only for individual assets, not for the whole 10 (malls). There’s been a hit on retail-sector sentiment because of the emergence of Amazon,” added the source, who was not authorised to speak publicly   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Shopping Malls | 
Places: Oceania |  Australasia |  Australia |  United States | 
‘We have lost everything’: Houston landlords demanding rent from tenants who can’t return to their flooded homes
As Houston cleans up the devastation caused by Hurricane Harvey, renters who escaped with only the clothes on their backs are being pressed by landlords to pay rent on their water-damaged homes that are unlivable. According to the Guardian, some Houston landlords are unsympathetic to the horrific position some of their tenants are in, saying that they are suffering too. Speaking with the Guardian, Houston resident Rocio Fuentes explained that prior to Harvey, her family budget was tight — now they are homeless and the landlord still wants his monthly rent   Read More ...
Categories: Real Estate | 
Places: Americas |  North America |  United States | 
Work on Dundee Flats begins again after Children's Physicians joins list of tenants
Work has resumed at the Dundee Flats construction site at 49th and Dodge Streets following a delay the developer said was due to an unexpected, but welcome, tenant. Children’s Physicians plans to lease about 4,000 square feet on the ground level of the future apartment complex, essentially expanding services offered in a neighboring building to the east. While he regrets any confusion, Moser said: “It was a fortunate delay   Read More ...
Categories: Real Estate | 
Tags: Tenants | 
Places: Americas |  North America |  United States |  Midwest |  West |  Nebraska | 
Starbucks sued by biggest mall operator in America over Teavana closures
Starbucks may have hit a hitch as it moves to shutter all 379 of its Teavana locations by spring 2018. Simon Property Group, the largest mall operator in the U.S., slapped the coffee giant with a lawsuit last month, alleging that by removing its Teavana stores, Starbucks is breaking its lease agreement with the company, according to The Indianapolis Star. Simon said in the lawsuit that Starbucks "put its stock price above its contractual obligations, the viability of Simon and its Shopping Centers, other retailers and consumers who count on the Teavana stores," the Indy Star reported   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Shopping Malls | 
Places: North America |  United States | 
Upscale outlet mall moving ahead in West Haven
WEST HAVEN, Conn. (WTNH)– The Haven project is moving ahead. The mayor said demolition should start in about 30 days to make way for the upscale, outlet mall on the shoreline.” West Haven Mayor Ed O’Brien said, “The total project is 25 acres. So all the homes, all the commercial properties will have to come down before they start construction.” Residents are happy they’re finally seeing the project get off the ground   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Shopping Malls | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Connecticut |  New Haven |  West Haven | 
Chesapeake Real Estate lands first tenant for Port 95 Industrial Park
Chesapeake Real Estate Group has named Johns Hopkins Health System as the first tenant of its Port 95 Industrial Park. Hopkins is leasing 165,000 square feet of warehouse space at the industrial park, about 40 percent of the building being constructed at 5300 Holabird Ave., the Hanover-based real estate firm announced Monday. The 413,000-square-foot building is expected to be completed in October   Read More ...
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Tags: Buildings |  Tenants | 
Places: United States |