In case you missed it: Home builder confidence high, downsized big-box stores seek new real estate
Sep 24, 2012
Kick off the week by taking a few minutes to catch up on some of last week’s big stories. Here are three we’ve been watching.
Los Angeles Times: U.S. Home Builder Confidence Surges to 6-Year High
Confidence among U.S. home builders increased this month to the highest level since June 2006, according to the National Association of Home Builders/Wells Fargo builder sentiment index released last Tuesday. The builder sentiment index increased to 40 in September from 37 in August. Switch over to the Los Angeles Times for the full scoop.
Chain Store Age: Few Sites for Smaller Big-Box Footprints in Urban Chicago
Today’s downsized big-box retailers are looking for new real estate, but Chicago lacks the type of product that most are looking for, says a new report released by Mid-America Real Estate Corp.’s Urban Team. The national trend towards shrinking square footage has created a shortage of locations to offer downsizing retailers in most of downtown Chicago. Click through for more on this study.
New York Times: Rising Tower Emerges as a Billionaires’ Haven
Midtown Manhattan will soon be home to New York’s tallest residential building. One57, a 1,004-foot tower, has attracted several billionaire buyers. Nine full-floor apartments near the top have already sold for more than $90 million each. Since November, more than $1 billion worth of apartments has been sold, with $300 million in sales just this summer. Fewer than 40 of the 90 apartments remain available for the $1.5 billion development. Jump over to the New York Times for the full details.
What stories are catching your eye? Let us know in the comments.