The typical closed branch encompasses around 8,000 to 14,000 sq. ft. of space, with some branches reaching up to 25,000 sq. ft. or 35,000 sq. ft., says Walter Bialas, vice president of research with real estate services firm JLL. This is where creative reuse of space comes into play.
BANKRUPTCY SALE –8.68 Acres on the Las Vegas Strip • Offered in Whole or Parts • Most significant development site available on the Las Vegas Strip • Prime location for Hotel, Gaming, Retail, Parking, etc. • Located in a Qualified Opportunity Zone • Directly across from Mandalay Bay, walking distance from the new Las Vegas Raiders stadium • Offers reviewed in advance of the bid deadline
Across the country, large brownfield properties lay abandoned and deteriorating, an unpleasant reminder of a bygone industrial era that resulted in lost jobs, lost tax revenue, and the fall of many great communities into economic decline. The developers that come in and restore these sites are not just tackling complex environmental clean-ups and infrastructure construction, but creating a beacon of hope for a community uncertain of its future.
David Bodamer sits down with Walker & Dunlop's Adam Schwartz to talk about the recent deal that brought Schwartz and his partners to the firm and the state of the New York market.
Grocers and retailers are preparing for a surge in demand due to the coronavirus, reports the Wall Street Journal. Forbes looks at what you should know if you're considering investing in manufactured home communities. These are among today's must reads from around the commercial real estate industry.
