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From blockbuster deals to feminism, 2017 was an industry-changing year for commercial real estate.  And while it was a year that saw bottom lines thrive and construction cranes ever increasingly dot skylines across the globe, it was also a time of change and uncertainty: an eerily long cycle, Brexit aftershocks, retail closures, industry-shaking legal battles, labor shortages, discrimination in the workplace, natural disasters and the tapered flow of Chinese capital into western markets. But despite the unease, the industry stood strong under two words: cautious optimism. Click here to read about 24 of the biggest deals and trends that shaped real estate in 2017. |
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Related California Secures Over $400M In Construction Financing For 1500 Mission Project
Related California and Deutsche Bank got a big boost in financing for their project at 1500 Mission St. in San Francisco. Deutsche Bank purchased $316.8M in tax-exempt bonds to finance construction. The bank also will purchase the balance of the…
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CIM Group Takes Over Redevelopment Of Uptown Station
CIM Group has finalized its deal to buy Uber's Uptown Station and will complete the redevelopment of the 356K SF eight-story building in downtown Oakland. The Class-A creative office building will include 35K SF of ground-floor retail. CIM paid $180M for…
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Alameda County Planning To Sell Its Stake In Oakland Coliseum To Oakland
Alameda County wants out of its share of the Oakland Coliseum. With three sports teams potentially leaving the site in the next few years, Oakland and the county are in talks for the city to buy out the county's stake,…
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The Top 10 CRE Tech Stories Of 2017Once deemed slow in its tech adoption, the commercial real estate industry has become quite technologically sophisticated, with investors and venture capitalists pouring billions into the next wave of property technology. Click for some of the most noteworthy CRE tech stories of the year. |
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Will Tax Reform Prompt An Exodus To Florida After All?As tax reform began to take shape in November, and it became clear there would be limits (or an all-out stop) to what earners could deduct in state and local taxes on their federal returns, Bloomberg warned of an "exodus from Manhattan and Greenwich." Wealthy earners, the thinking went, would head toward the pro-business climate of Florida, where there is no personal state income tax. Experts who spoke to Bisnow said wealthy earners might mull the idea of moving, but tax reform would be unlikely to spur them unless they had already been wanting to move. |
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