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Retail closures are hitting California hard. More than 7,000 retail jobs have been lost during the first half of the year. These job losses are significant because they result in fewer consumers able to spend money, only furthering the problems in retail. 
The number of store closures in California increased by 15% to 76 closures during the first half of 2017 compared to the first half of 2016 with 66 closures, according to the state Employment Development Department. The increase was led…
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Developer Pushes Forward With Housing Projects Despite East Bay Fires
Wood Partners will rebuild the 196-unit Alta Waverly project in Oakland that was destroyed by a fire on July 7. The project at 2302 Valdez St. will open during the first quarter of 2019, the San Francisco Business Times reports. The expected…
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This Company Is Bringing Modular Build-Outs To Interior Design
Modular design could be the future of tenant improvements and interior build-outs. Los Angeles-based interior construction and design company Emagispace has launched a sustainable, interlocking building block system. The EmagiBlock system allows for customization of interior space on demand. The…
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Owner Of Macy's Building At Stonestown Galleria Has Big Plans For Building
Another Bay Area mall could soon have an entertainment complex. General Growth Properties filed plans to turn the Macy's building at Stonestown Galleria into retail, restaurants and a movie theater with up to 12 screens, the San Francisco Chronicle reports.…
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U.S. Census Troubles Threaten Future Real Estate DevelopmentBudget uncertainty has always been a fact of life with the census, but watchdogs believe if additional funding is not allocated, it could have a disastrous impact on the count in three years, which will trickle down to negatively impact a myriad of industries dependent on census data — including commercial real estate. To call the first six months under President Donald Trump and the new administration a roller coaster ride would be an understatement. Several federal departments, from the State Department to the General Services Administration, are dealing with reduced staffing and proposed budget cuts in Trump's Fiscal Year 2018 budget. |
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The Olympics Are Notoriously Bad For Cities, But London 2012 Was A Huge Real Estate SuccessThe Olympics have become famously bad for real estate. Numerous academic studies have shown the games offer no net economic benefits to a host city, and the cost and complexity of holding them is rising. The legacy of the 2004 Athens Olympics is hundreds of acres of abandoned facilities that may never come back into use. That of Rio is of spiralling costs and myriad corruption trials. But at a time when it seems no one wants the Olympics in their city, it is worth looking back on the real estate legacy of the London 2012 games — a rip-roaring success. |
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