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New Orleans is beginning to attract national retailers

With a few recent retail wins, economic development officials and real estate professionals say that the prospect for getting more national stores into New Orleans is looking up. In May, after months of speculation that the shopping club Costco Wholesale Corp…

Urban Invasion

The American dream has always been to own a big home on a sprawling lot out in the suburbs. However, that dream appears to be drastically changing. The recession, foreclosure crisis and ever-increasing gas prices have slowed demand for housing in many of the nation’s fringe suburbs…

An Overview of Historic Tax Credits

Historic Tax Credit (HTC) is a program of incentives to promote preservation and economic development by making renovation of properties financially feasible. These incentives exist at both the Federal and state levels..

Malls finding new life since recession

That the malls are doing well doesn’t surprise experts like David Woitowitz, architect with JP Franzen Associates, whose expertise includes designing smaller retail spaces…

Employment Evolution

As the commercial real estate market has so adeptly illustrated during the past five years, the saying “What goes up must come down” has a much broader application beyond Isaac Newton’s law of gravity. This idiom has served as an apt metaphor for not only the commercial real estate market, but also for the careers of the thousands of professionals…

Small(er) Markets, Big Opportunities

Commercial real estate investors are ready for a bit of risk. According to a 2011 Colliers survey, more than half of U.S. investors surveyed are prepared to move out of their comfort zones in search of higher returns. Their adventures will lead them straight to non-core markets…

Seniors Housing Occupancy Continues Modest Recovery

The seniors housing occupancy rate continued its gradual recovery in the first quarter of 2012, reports the National Investment Center for the Seniors Housing & Care Industry (NIC). However, construction activity and year-over-year rent growth slowed, according to NIC MAP, a data analysis service…

Best Buy Is No Circuit City

Best Buy Co. Inc. sent a shock through the retail real estate industry last week after it reported a $1.7 billion loss for its most recent quarter, which included 2011 holiday shopping sales, and announced plans to close 50 big box stores in the coming year and lay off 400 workers. Media and industry analysts were quick to speculate that Best Buy might…

Pressed From All Sides, Toys ‘R’ Us Fights to Reinvent Itself

Without a doubt, technology is having a significant impact on consumer spending habits. The traditional “bricks & mortar” shopping mode is rapidly changing and declining. More and more consumers are browsing the internet for their shopping needs, comparisons and ultimately final purchases…

Rescuing Shopping Malls: Reclaiming the Suburbs

THE old Rackspace headquarters was stuffed to the gills. In 2007 the company, which offers cloud-computing and web-hosting services, had more than 1,000 employees in downtown San Antonio. People were crammed at folding tables in the hallway…