STOCKHOLM, April 11, 2024 /PRNewswire/ — Skanska has signed an agreement with Region Skåne to build a new care building and a new service building at the hospital in Hässleholm, Sweden. The contract is worth approximately SEK 1.4 billion, which will be included in the order bookings for Sweden in the second quarter of 2024. … Read more
It is estimated that the U.S. government owns 45,000 underutilized buildings and Representative Adam Schiff, D-Burbank, wants to see this vast resource repurposed to fight the nation’s affordable housing crisis. That is why on Tuesday morning, April 1, he introduced the Government Facilities to Affordable Housing Conversion Act. If passed, the bill would create an … Read more
Fifty years. Has it really been that long since Half Pint, Ma, Pa and Almanzo graced our TV screens? In a word, yes. “Little House on the Prairie,” the iconic 1970s series about a pioneer family struggling to make their way on the prairies of Minnesota, just celebrated its golden anniversary. Little did I know … Read more
Aravind Maiya, CEO, Embassy REIT, says “for FY24, we have given a guidance where the NOI will be in excess of Rs 3,000 crore and from there it will grow. But in terms of cities, if you look at India and commercial real estate, there are broadly six cities – Bangalore, Pune, Mumbai, NCR plus … Read more
I am a huge networker and have been since the commercial real estate market tumbled in late 2008. As I scanned the scorched earth of what little remained of a vibrant business, I wondered if our commercial real estate activity would ever return. Buyers weren’t transacting, sellers couldn’t sell and lenders refused to lend. The … Read more
Commercial Foreclosures Increase 17 Percent from Last Month and 97 Percent from Last Year; States with the Most Commercial Foreclosures in January 2024 Included California, New York and Texas IRVINE, Calif., Feb. 22, 2024 /PRNewswire/ — ATTOM, a leading curator of land, property, and real estate data, today released a special report on U.S. Commercial Foreclosures. The … Read more
Saratoga City Council members voted to express concern about a proposal for a new Costco near the Westgate shopping mall at their Feb. 7 meeting. Saratoga officials are also asking for the city of San Jose to revise the draft report to include better mitigation measures for the project and its traffic impacts. The proposed … Read more
What’s selling motivation, you may be wondering. We’ve not experienced much since the middle of 2022 when the Federal Reserve mounted its stair climber and hiked interest rates several times over the next 18 months. Most of the selling motivation from the start of 2021 was fueled by crazy high prices investors were willing to … Read more
Denver city government took a big step Tuesday toward turning the former downtown headquarters of The Denver Post into a courthouse when the City Council approved an $88.5 million purchase agreement for the building at 101 W. Colfax Ave. A city master plan projects it will need an additional 280,000 square feet of space for … Read more
RICHMOND – The worst type of mall is a dead mall. But this years-long, morbid reality has not yet galvanized Richmond officials and developers to settle on a clear vision to resurrect the former Hilltop Mall — a once-buzzing community jewel that started financially faltering years before shuttering in April of 2021. After the 1.1-million-square-foot … Read more
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