Real Estate News

Brookfield Property Makes $14.8 Billion Offer to Acquire Rest of GGP

Brookfield Property Partners LP has made a $14.8 billion offer to acquire the shares of mall owner GGP Inc. that …read more Source:: WSJ

Shortage of Industrial Space on Long Island Squeezes Tenants

Long Island’s shrinking industrial space has placed expanding tenants in a tough spot, forcing them to look east to Suffolk …read more Source:: WSJ

1031 Exchange Real Estate Tax Break Faces Extinction

A much-loved tax advantage in the commercial real-estate industry is on the chopping block even as chances dim for the …read more Source:: WSJ

Mall Tenants Play Hardball In Lease Negotiations

Retailers, food and beverage operators and department store chains looking to renew their leases have been asking for more allowances …read more Source:: WSJ

What’s Behind GE’s Move From the Connecticut Suburbs to Boston

Chief Financial Officer Jeffrey Bornstein says being near students was a major attraction …read more Source:: WSJ

Excuse Me, You’re Blocking My Sun

Australia’s rapid embrace of rooftop panels—now installed on one in four homes in some areas—has collided with another hot spot …read more Source:: WSJ

New Jersey Office Market Slump Worsens

New Jersey office leasing for the first quarter hit a multiyear low, as tenants avoid dated corporate campuses and demand …read more Source:: WSJ

China Life Buys Sprawling Portfolio of Small Market U.S. Real Estate

China Life Insurance Group is buying a 95% stake in 48 commercial properties scattered throughout the U.S. in deal that …read more Source:: WSJ

NYC’s Pearl River Mart Will Expand to Chelsea Market

Pearl River Mart, once a casualty of skyrocketing retail rents, is planning to open another 3,500 square-foot store at Chelsea …read more Source:: WSJ

Kushner Cos., Brookfield Near a Deal for Stake in 666 Fifth Ave.

The real estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to buy roughly a 50% …read more Source:: WSJ