Business Case Behind Murals On Commercial Buildings

As public art on the side of commercial buildings gains popularity, it is presenting a winning solution for cities, landlords and residents alike by engaging the local community, dressing up what might be an otherwise boring wall and helping to advertise the properties themselves.

Some property owners have found value in creating art on the walls of commercial buildings even when it does not lead to a direct monetary gain. Sources told Bisnow that buildings become known for the murals themselves, drawing foot traffic and ultimately, customers. They serve as a form of advertisement, with some business owners using murals as a way to work around tight sign ordinances. Contributing to the arts also allows for a sense of place in growing areas, developers say.

Nike’s New Retail Store Blends Data And In-Store Shopping

Blending digital insights with a physical storefront experience, Nike has unveiled a new type of retail store in Los Angeles that will use customer data to determine inventory and personalize services.

The 4,557 SF Nike by Melrose at 8552 Melrose Ave. in West Los Angeles is Nike's first Nike Live concept store that the multibillion-dollar sneaker company will soon introduce to major markets worldwide.

RepostCommercial Brokers InternationalJuly 13, 2018nike by melrose, nike, melrose, melorose real estateComment

Prop C’s Impact on San Francisco Rents

In June, San Franciscans took to the polls to vote in statewide primary elections and on a number of new initiatives. Among them were two propositions with potentially far-reaching impact on the city’s commercial real estate. Both measures stood to increase taxes on commercial buildings in the city, already one of the world’s most expensive office markets.

Central Valley Continues to Charm Logistics Buyers

STOCKTON, CA—Newport Beach, CA-based CT purchased the 345-acre industrial site for the 4.4 million-square-foot NorCal Logistics Center in May 2017 and has now completed the first phase development, including three spec buildings. The last to be completed is a 1.12 million-square-foot building, one of the single-largest speculative industrial buildings in Northern California. The second phase of development will begin toward the end of 2018 and include three additional buildings totaling approximately 1.6 million square feet.

Why Fitness Tenants Are Leading Retail Leasing

Fitness tenants are driving retail leasing activity in Southern California. According to a new report from CBRE that looked at retail leasing activity, fitness tenants are among the top five retail users in Southern California, and they are expanding. This is a stark change from the activity from this retail segment in the past, when fitness centers were not considered a primary tenant. Today, fitness centers are occupying big boxes as well as smaller footprints and in some cases can even serve as anchors in shopping centers

Dos And Don'ts When Reinvesting Real Estate Returns

Legacy real estate properties often pass from one generation to another. But when it comes time to sell these properties, are there right and wrong ways to roll over the proceeds to new real estate investments? According to Steven Hornstock, co-managing partner of New York City-based ABS Partners Real Estate, a full-service vertical real estate company involved in management and leasing, adhering to a handful of proven strategies can make a huge difference. And the strategies are all the more key given the new Trump-era tax laws pushed through in 2017.

COMMERCIAL BROKERS INTERNATIONAL