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Demand for Retail Space Up by 21 Million SF in First Half of Year

Demand for Retail Space Up by 21 Million SF in First Half of Year

by Phil Hall | Aug 9, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The first six months of this year have been very good to the brick-and-mortar retail sector, according to new data from CoStar Group. Demand for retail space increased by 21 million square feet in the first half of 2023. Despite a lethargic economy, CoStar found...
University in Maine Lists 225-Acre Campus for Sale

University in Maine Lists 225-Acre Campus for Sale

by Phil Hall | Aug 9, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Unity Environmental University in Maine has put one of its campuses up for sale. The 225-acre location in Unity, Maine, is the secondary teaching location for the school, which has a main campus in New Gloucester, Maine. The school cited its shift to remote and...
Christy Ingle Joins Lincoln Property Co. as Chief Marketing and Communications Officer

Christy Ingle Joins Lincoln Property Co. as Chief Marketing and Communications Officer

by Phil Hall | Aug 9, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Lincoln Property Co., a Dallas-headquartered global real estate firm, has hired Christy Ingle as chief marketing and communications officer. In her new job, Ingle will be responsible for developing and leading Lincoln’s global brand strategy, in addition to its...
One-Third of Apartments in Adaptive Reuse Projects Came from Office Buildings

One-Third of Apartments in Adaptive Reuse Projects Came from Office Buildings

by Phil Hall | Aug 8, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 10,090 apartments were created in 2022 by converting other commercial real estate properties into housing, according to a new RentCafe analysis of Yardi Matrix data. Office buildings were the main source of converted apartments last year, with a 33.6% share...
One Historic Detroit Property Gets Renovation While Another Gets the Wrecking Ball

One Historic Detroit Property Gets Renovation While Another Gets the Wrecking Ball

by Phil Hall | Aug 7, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Detroit witnessed two very different experiences over the past week regarding historic properties, with one enjoying an extensive renovation while was reduced to rubble. Fox 2 Detroit reported the city’s historic Book Tower is being readied for reopening following a...
Dubai Developer Damac Enters London’s Office Property Market

Dubai Developer Damac Enters London’s Office Property Market

by Phil Hall | Aug 7, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Dubai property developer Damac, which is mostly known for its luxury hospitality properties, is buying London office space for first time. According to a Financial Times report, the company is preparing to acquire office properties at bargain prices and upgrade...
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