Commercial Real Estate
Top stories summarized by our editors
9/23/2019

RH will open a concept store on a former parking area next week at Southdale Center in Minnesota. The announcement is the latest step in a larger remodel that seeks to turn the mall into a community hub with help from the likes of a three-story Life Time fitness athletic resort opening in November and a library branch planned for 2022.

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Southdale Center
9/20/2019

J.C. Penney is reportedly gearing up for talks with creditors with a view to easing its debt burden as the holiday season approaches. The retailer has about $4 billion in debt on the books, and bondholders have reportedly been urging the company to explore potential swaps or extensions.

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J.C. Penney
9/20/2019

The experience for visitors to the Empire State Building's observatories has been revamped in a four-year, $165 million process. The designers have taken steps to address congestion and other issues while highlighting the building's history and cultural significance.

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Empire State Building
9/20/2019

Ground has been broken on CyrusOne's first data center campus in Dublin, Ireland, and prospective customers can already submit requests for space. "The level of demand for spaces from enterprise customers has been great, even in these early stages of construction," says CyrusOne's Tesh Durvasula.

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Capacity Media
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CyrusOne
9/20/2019

Hudson Pacific Properties is working with with Calpine Energy Solutions to offset its emissions and ensure that its electricity consumption is all carbon neutral. Hudson has "set a long-term goal to meet, if not exceed, our greenhouse gas emissions reduction target of 15% by 2025," says Hudson's Natalie Teear.

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Hudson Pacific, Hudson
9/20/2019

Foulger-Pratt has acquired an office building in Tysons, Va., from Brandywine Realty Trust. Brandywine bought the 210,000-square-foot property in 1998 as part of a 67-asset portfolio deal.

9/20/2019

Google plans to spend $3.3 billion to expand its European data centers in the coming years. A portion of that money -- about $660.2 million -- will be invested in the Hamina data center in Finland.

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Reuters
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Google
9/20/2019

A Public Company Accounting Oversight Board rule requiring public companies to name audit engagement partners has not had much impact on audit quality, according to a study. Audit quality improved over the study period, but the researchers determined that it wasn't due to the rule.

9/20/2019

The Federal Reserve has once again intervened in money markets, injecting billions in cash for the fourth straight day.

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Federal Reserve
9/20/2019

The long-awaited Gallery is reopening this week at the Fashion District mall in Pennsylvania after three years of construction. The opening is the latest improvement to the property, which increased the number of entrances from four to 21 and added a coworking space for artists alongside new local businesses.