Word: commerciale
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Plenty of people in the U.S. could make the same observation. Nationwide, 10% of shopping-center stores sit empty, according to the real estate analytics firm Reis. That's the highest percentage of vacancies since 1992 - what you get when you mix a bad recession with a commercial real estate...
Such endeavors are not going to solve the retail real estate glut. Only a realignment of supply and demand for long-term leases will do that. But in the short term, getting creative with commercial space keeps storefronts filled, which helps keep properties secure and community spirit intact, and may...
Consider the work of Marc Feldman at Developers Diversified Realty, an Ohio-based company that owns nearly 700 retail properties across the country. He and his 15-person team are charged with finding non-traditional uses for available spaces at a time when some 9% of the firm's units...
Welcome to Hong Kong's first 7 Café, part of the U.S. convenience-store chain's global foray into fast food. Part convenience store, part fast-food restaurant, the café opened its doors last month with a rotating menu featuring dishes you're more likely to see in...
If there is one Olympic city for Chicago to emulate, it would be Atlanta. The city's $1.7 billion privately funded Summer Games in 1996 sparked a construction boom in the city's downtown core and, according to the Metro Atlanta Chamber of Commerce, generated $5 billion in economic activity...