The increase in food trucks has been one of the hottest trends in the food service industry the last few years, according to the National Restaurant Association’s “What’s Hot in 2012” survey of professional chefs. Such trucks have become technologically advanced and bear...
The world’s biggest shopping center has been classified as a “dead mall.” Storefronts are predominantly vacant, there’s little foot traffic, and only a movie theater and indoor roller coaster still draw customers to what was designed to be an entertainment and shopping...
Travelers will have the opportunity to treat themselves to more than just magazines, snacks, and coffee while waiting for flights at John F. Kennedy International Airport. An expansion project at the New York City airport’s Terminal 4 will include upscale specialty shops, brought in by...
CRE services provider Cassidy Turley has released research examining the impending “fiscal cliff’s” impact on commercial real estate markets across the country. Economists’ general consensus is that if the fiscal cliff—the combination of tax increases and spending...
Houston’s CRE market continues to show its strength as one of its iconic buildings goes up for sale. The landmark skyscraper, Williams Tower, is owned by a subsidiary of the Hines Real Estate Investment Trust. The 1.4-million-square-foot tower, originally named Transco Tower, was built by...
Steel columns added to the top deck of One World Trade Center—the replacement for the twin towers destroyed in the Sept. 11 attacks—made the as-of-yet unfinished building New York City's tallest skyscraper. It may become the country's tallest tower after more floors are added...
An upcoming online real estate auction for an entire corporate floor in Dubai's Burj Khalifa—the world's tallest building—is the first of its kind for Dubai, which has been struggling to reanimate its real estate market following the recent global economic crisis. The space...
Echoing the predictions of other recent commercial real estate outlook reports, a survey of the majority of senior real estate executives at the third annual Akerman U.S. Real Estate Summit is looking past still-existing uncertainties in the CRE markets to embrace the future of the industry,...
The latest Commercial Real Estate Market Survey from the National Association of Realtors (NAR) shows positive improvement for owners as vacancy rates decrease across all commercial real estate sectors. But while NAR analysts predict vacancy rates will continue to shrink in 2012, most likely...
Social networking has been slow to catch on among commercial real estate professionals, but owners, brokers, investors, and tenants are widely adopting the technology now, according to an informal poll by CoStar Group.
Cushman and Wakefield recently released its report “12 Trends for 2012,” which identifies the top trends that will affect retail real estate over the next year. In addition to political factors like global events and the U.S. presidential election, the report discusses pop-up stores...
Real estate experts say that commercial owners are under increasing pressure to decrease net rentals in order to attract or retain tenants. Sluggish demand and an oversupply of office space will continue into 2012 in secondary markets, they said. That, coupled with the prospect of taking an...
