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commercial real estate
Trends
- 1Office space leasing up 9% in top 7 cities: Colliers●Office space leasing rises 9% in Jul-Sep across top 7 cities: Colliers
Office space leasing across India's top seven cities rose 9% in the July-September quarter, according to property consultancy Colliers. The figures suggest continued demand for workspace despite shifting patterns in how companies use offices. Colliers regularly tracks commercial real estate activity across major Indian markets, and its quarterly numbers are closely watched by investors, developers and occupiers gauging the health of the office sector.
- 2Deer Park Town Center sells for $125 million▼Deer Park Town Center sells for $125 million in Chicago area's biggest retail sale in a decade
Deer Park Town Center, an open-air shopping center in the Chicago suburb of Deer Park, Illinois, has been sold for $125 million in the largest retail property sale in the Chicago area in a decade. The deal stands out amid a generally slow period for commercial real estate transactions, drawing attention to renewed investor interest in suburban retail centers.
- 3Planet Fitness headed to South Hill as Matt Shea buys Division Street building▼The Dirt: Planet Fitness coming to South Hill; Matt Shea buys Division Street building for ministry
In Spokane, The Spokesman-Review's business column reports that Planet Fitness plans to open a location on the South Hill, while former state representative Matt Shea has purchased a building on Division Street for use by his ministry. The column rounds up commercial real estate moves in the area, pairing a national gym chain's expansion with a notable purchase by a controversial local political figure.