Doctors open up shop in strip centers, and Hoboken’s cry for luxury apartments is finally heard
Apr 11, 2014
Here are the news stories you might have missed this week:
The New York Times: As a hospital rises, so do hopes for a neighborhood
Dallas’ new Parkland Hospital, which lies just north the city’s main commercial hub, is projected to become the cornerstone of the regions’ budding real estate market. In addition to the first-class facility’s draw, the city’s light rail line will stop directly in front of the hospital, creating an infrastructure that will allow professionals to live, work, and play in the burgeoning neighborhood. Visit NYTimes.com to read more.
The Buffalo News: Commercial real estate deals soar early this year
Despite freezing temperatures, the commercial real estate market in Western New York was surprisingly hot last quarter. Close to $120 million in commercial property changed hands by the end of February in Erie County alone. With this unprecedented momentum occurring in what is traditionally the slowest season of the year, even those who caution against a false positive are actively investing in the region. Visit BuffaloNews.com for more information about this hot market.
CoStar Group: Just what the doctor ordered: New ‘medtail’ tenants filling vacant shopping center space
Health care providers and medical professionals are embracing the new era of retail medicine by opening facilities in retail centers where patients shop — and saving big in the process. Savvy practitioners are discovering that vacant stores left over from big-box retailers can be a great bargain. Plus, they come with built-in patient access and abundant parking. Check out CoStar.com to keep reading.
Commercial Property Executive: Bijou breaks ground on $83M m-f project in Hoboken
Bijou Properties partnered with Intercontinental Real Estate Corp. to build a 135-unit luxury residential building in Hoboken, N.J. The project’s timing seems to be perfect, as experts continue to predict an expanding renter base throughout 2014. Bijou’s new upscale multi-family project, deemed 900 Monroe, will feature 13,500 square feet of retail space and a 135-car automated parking lot. Additionally, the company’s nearby venture in Park Place will bring an extra 212 mixed-use units to the region. Click over to CPExecutive.com to learn more.
Posted by: Raymond T. Cirz