Commercial

Amazon is planning to develop a $400 million distribution center on an abandoned fairgrounds site in Detroit.

The deal could give the Seattle-based online retail giant more warehouse space to unload and pick up packages closer to consumers, speeding up delivery times.

Simon Property Group Inc., the biggest mall owner in the U.S., has been in talks with Amazon.com Inc. to turn some of its anchor department-store spaces into Amazon fulfillment centers, according to people familiar with the matter.

E-commerce shifted into high gear in April when nonessential stores shut down in order to mitigate the spread of the novel coronavirus, prompting a greater need for warehouses to store products and plants to make goods.

Conde Nast’s parent company Advance Publications is reportedly considering cutting short its 25-year lease after less than a decade.

According to data from Yelp, more than 2,800 businesses in New York City have permanently closed since March 1.

Facebook has leased all the office space at the landmark Farley Building, a 1912 Beaux Arts former post office in Manhattan, in a deal that marks a major expansion of the company's business operations in the city.

Robert Durst is an heir to the Durst New York City real estate empire.

In order to prepare their buildings for reopening, many property managers are upgrading their heating, ventilation and air conditioning systems to better kill off viruses.

Lawmakers are discussing proposals to allow some borrowers to take out a second forgivable loan.

Lidl has reportedly put at least 18 Texas properties up for sale this month, according to recent reports.

A new law in Seattle aims to help prevent restaurant owners from losing their homes if they're forced to default on a commercial lease.

Named after Parton’s 1989 album, White Limozeen is located above boutique hotel Graduate Nashville.

Jeffrey Epstein's New York City and Palm Beach homes will be coming to the market for a total of $110 million. The homes are among the most valuable of the disgraced financier's international property portfolio.

A $1.5 billion project, it will also include surrounding redevelopment expected to generate some $25 billion in economic activity.

Singapore real estate company OUE said it will sell the 73-story skyscraper to Manhattan-based Silverstein Properties at a discount after stay-at-home orders to combat the coronavirus reduced its leasing revenues.