After five weeks of vacation, Pike Oliver returns to offering a weekly compilation of analysis and opinion about real estate and community development. Please note that some links may lead to items that are behind a paywall.
Blackstone Real Estate Partners IX, an affiliate of New York City-based global investment firm Blackstone (NYSE: BX), has agreed to acquire Colony Industrial, the Dallas-based industrial arm of Colony Capital Inc. (NYSE: CLNY).
The downward spiral of WeWork and its founder Adam Neumann is big news. The biggest loser is SoftBank, the firm that invested in the company based on a $47 billion valuation which looks today to have been wildly overblown.
The 1,550-foot-tall Central Park Tower at 217 West 57th Street in Manhattan is now the tallest residential building in the world. Several residential towers are now either finished or under construction along, or near, West 57th Street.
Fashion retailer Forever 21 Inc filed for bankruptcy on Sunday, as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce companies such as Amazon.com Inc .
The four F’s may need to move over: there’s a new consonant in town. Fun, food, fitness and fashion are still category staples in shopping centers. But retailers at the International Conference of Shopping Center’s 2019 Western Conference & Deal Making event, expressed interest in courting the two L’s: laptops and lattes.
Given China’s much more compact cities, shorter travel distances and intense traffic congestion in the larger cities, one might expect that the average light vehicle in China would travel considerably fewer miles than its counterpart in the United States. Not so.
Cities in flyover country are facing new redevelopment challenges as companies relocate from costly coastal cities. In St. Louis, downtown revitalization has also brought plans to tackle blight, and the consequences for residents could be immense.