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10 Must Reads for the CRE Industry Today (December 13, 2017)

(NREIonline) - 9 hours, 8 minutes ago...
 Mall owners are turning to courts for relief amid increasing occupancy concerns, according to the Wall Street Journal. The GOP’s tax proposal could help investors in the single-family rental home market, CNBC reports. These are among today’s top must reads from around the commercial real estate industry....
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Phoenix pays $500K for 20 parking spaces. Here's how it ties into a big new downtown development

(BIZ Journals) - 9 hours, 8 minutes ago...
 The Phoenix City Council approved a measure Wednesday to spend $500,000 to buy 20 parking spaces in downtown Phoenix. The deal is with real estate developer Hines Interests LP, according to city documents. “The developer has proposed to develop the undeveloped pad at Colliers Center with a high-rise, multi-family residential rental project. The pad is located at the southeast corner of the Colliers Center, near the corner of 3rd Street and Jefferson Street,” according to city docum...
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Mapped: Where San Jose building permits (and rents) are growing fastest

(BIZ Journals) - 9 hours, 8 minutes ago...
 The building boom and rent increases come ahead of Google's massive proposed campus in downtown San Jose. ...
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A metro Denver county sees one of nation's highest rent increases

(BIZ Journals) - 9 hours, 8 minutes ago...
 Broomfield County saw one of the greatest increases in gross rent nationally, according to a recent study from the U.S. Census Bureau. Over a five year period, the study said that the increase was $312 — from $1,105 to $1,417. To put that figure into perspective, the study found the nation overall saw a $21 increase in median gross rent. The data is accurate but not without caveats, said Mike Van Den Bosch, Broomfield County senior economic development specialist. He said that whi...
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The High End: New Rental Tower Rises Where Sonny Rollins Once Lived

(NY Times) - 1 days, 14 hours ago...
 The Lower East Side’s redevelopment continues with new rentals that start at $3,150 a month on the site of a tenement that was home to this saxophonist....
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Renters: Kew Gardens: Where New York Doesn’t Feel So Urban

(NY Times) - 1 days, 14 hours ago...
 A pair of composers find an affordable rental roomy enough for two pianos, two keyboards and a cat....
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Meghan Markle's former Toronto rental hits the market

(Yahoo) - 1 days, 14 hours ago...
 Perhaps Meghan Markle was always meant to be a royal....
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Charming Charlie Files for Chapter 11, Plans to Restructure Store Portfolio

(COSTAR) - 1 days, 14 hours ago...
 Charming Charlie, a Houston-based specialty retailer focused on fashion jewelry, has filed for Chapter 11 bankruptcy reorganization. The chain, which operates about 375 stores, has begun closing 97 of them. The retailer is also seeking bankruptcy court permission to reject the leases on those stores, which it claims will save approximately $1.7 million per month in rent and associated costs. Charming Charlie is working with A&G Realty Partners......
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Charming Charlie Files for Chapter 11, Plans to Restructure Store Portfolio

(COSTAR) - 1 days, 14 hours ago...
 Charming Charlie, a Houston-based specialty retailer focused on fashion jewelry, has filed for Chapter 11 bankruptcy reorganization. The chain, which operates about 375 stores, has begun closing 97 of them. The retailer is also seeking bankruptcy court permission to reject the leases on those stores, which it claims will save approximately $1.7 million per month in rent and associated costs. Charming Charlie is working with A&G Realty Partners......
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