Commercial

California Commercial Estate Market Witnessing a Surge

The commercial real estate markets of California will be witnessing a mounting surge as more number of investors are taking advantage of the prevailing low rents and high vacancy rates. Builders believe that the value of properties will rise subsequently in 2013.

Thor Equities Shells Out $277 million for Retail Block on Madison Avenue

Retail real estate giant Thor Equities has reportedly acquired the 35,000 square foot Madison Avenue lot for a huge sum of $277 million. The space will be used to build a retail space that will sport luxury brands only.

'Marriott Edition' to Launch in Times Square

The new brand of Marriott International, Marriott Edition is all set to launch in the commercial area of Times Square, Manhattan. The hotel will be a much cooler version of its predecessor and intends to attract a younger and hipper clientele.