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Why Buildings Sit Empty, but Construction Continues
If you drive through almost any city in America, you are sure to see empty strip centers and vacant office spaces. Drive a little further and you’ll see a new office building going up. Why build new when there is existing space available? During the commercial real estate boom that swept across most of the […]
Museums You Might Actually Want to Visit
Let’s face it – museums just aren’t for everyone. Well, not your typical high-brow art museums or stuffy nature museums, anyway. Museums are actually really great types of commercial real estate, particularly since they tend to add value incrementally to many other nearby pieces of commercial real estate, such as hotels, restaurants, and other tourist-oriented […]
Yes, Virginia, There is Life at Ski Resorts in the Summer!
Living here in Seattle, many of us take advantage of our close proximity to Whistler, B.C., to go skiing. Now that the season is changing, it got me to thinking about how creative ski resorts have gotten about finding ways to make money during the warm season, too. While many ski resorts make enough profit […]
The Rise of Dinner Movie Theaters: Dinner & Movie? How About Dinner AT the Movie?
Movie theaters have been around for more than a century. The earliest theaters were converted storefronts where patrons paid a few cents to watch flickering films that were a few minutes long. When even these simple films drew crowds, moviemakers were inspired to develop better, longer films, and businessmen were inspired to develop better places […]
NFL Owner Connected To Prime Real Estate Near LAX
It’s no secret the NFL wants to get a team back in one of the largest population centers in the United States (as well as London and the rest of the world). Now, there are several reports that Stan Kroenke, owner of the St. Louis Rams, is connected to a 60 acre real estate site […]
Chinese Real Estate Developers Look Outward at ‘Gateway Cities’
After two major acquisitions in Los Angeles by Chinese real estate investors, the LA Times reports that major Chinese developers will continue to look at gateway cities like Los Angeles to get a foothold in the United states. With investment options slowing down within China, developers are looking for “shovel ready” projects that will return […]
Revitalizing Main Street, USA
When you hear “commercial real estate,” usually the first image that comes to mind is a high-rise office building in a big city. That image could be followed by thoughts of restaurants, malls, warehouses, and other such buildings, probably also in big cities. In most minds, “commercial” means “big.” In the last few years, however, […]
The Evolution of Retail Real Estate
People have gathered in central market places for centuries. In ancient Rome vendors gathered in outdoor bazars. In most major cities, markets could be found in the town center or town square. In the United States, “strip centers,” or stores in single long buildings, were built along highways starting in the early 1900s. After World […]
Commercial Real Estate in Los Angeles
Only one thing is certain about the commercial real estate market in Southern California: it is constantly in flux. Los Angeles has had many peaks and valleys since its days as a mission village in the 1800s, with its economic health dependent on everything from cattle prices to the aerospace industry. Just a few years […]
Office Towers are Hot Properties for Investors
Until recently, commercial real estate seemed to be trending away from office towers. In fact, between 2008 and 2012, there was only one office building sale (Google’s headquarters in Manhattan) that hit the $1 billion mark. But all that seems to be changing. These days, tall office buildings are a hot property. June 2013 appears […]
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