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    Barrow property market: five most expensive homes available

    Barrow property market: five most expensive homes available

    Aviva Investors secures two tenants for Soho office refurb | News

    Aviva Investors secures two tenants for Soho office refurb | News

    Panattoni to build 25,000 sqm industrial park in Kraków

    Panattoni to build 25,000 sqm industrial park in Kraków

    Port Melbourne unit fetches $2.34 million

    Port Melbourne unit fetches $2.34 million

    McLaren and Arlington selected as developers for York Central regen scheme | News

    McLaren and Arlington selected as developers for York Central regen scheme | News

    PSN to renovate shopping centre in Pardubice

    PSN to renovate shopping centre in Pardubice

    JLL Income Property Trust Sells $66M Charlotte Community

    JLL Income Property Trust Sells $66M Charlotte Community

    Annual rent payments hit record £85.6bn in 2023, says Hamptons | News

    Annual rent payments hit record £85.6bn in 2023, says Hamptons | News

    PSN will renovate a functionalist shopping centre in Pardubice

    PSN will renovate a functionalist shopping centre in Pardubice

  • Retail
    Old Greenwich business owners worry about possible building sale

    Old Greenwich business owners worry about possible building sale

    Startup hBits offers Rs 28 crore-commercial property in Mumbai to HNIs for fractional ownership

    Startup hBits offers Rs 28 crore-commercial property in Mumbai to HNIs for fractional ownership

    Waiting for Rates to Thaw, Debate Over Locked-Up Goods, New Leadership

    Waiting for Rates to Thaw, Debate Over Locked-Up Goods, New Leadership

    DRA fetches $31M as Philips Edison, Sperry pounce on Chicagoland retail selloff

    DRA fetches $31M as Philips Edison, Sperry pounce on Chicagoland retail selloff

    LVMH Signs Deal to Sell Majority of Cruise Retail Business

    LVMH Signs Deal to Sell Majority of Cruise Retail Business

    Newly Developed Munster Property Now Managed by Latitude Commercial

    Newly Developed Munster Property Now Managed by Latitude Commercial

    North America – Retail & Leisure International

    North America – Retail & Leisure International

    Deck on Main to provide retail space in Old Town Lewisville

    Deck on Main to provide retail space in Old Town Lewisville

    Balanced Commercial Property Trust Ltd’s (LON:BCPT) top owners are retail investors with 50% stake, while 50% is held by institutions

    Balanced Commercial Property Trust Ltd’s (LON:BCPT) top owners are retail investors with 50% stake, while 50% is held by institutions

  • Residential
    Higher foreign investment fees for housing

    Higher foreign investment fees for housing

    A Brooklyn co-op and the future of affordable housing

    A Brooklyn co-op and the future of affordable housing

    Housing market in northern Taiwan stays stable in November

    Housing market in northern Taiwan stays stable in November

    Malaysia’s OSK Teams with Gurner-Qualitas JV for Melbourne BTR

    Malaysia’s OSK Teams with Gurner-Qualitas JV for Melbourne BTR

    East Side Victorian Hits the Market at $2.3 Million

    East Side Victorian Hits the Market at $2.3 Million

    These 3 States Could See Housing Market Crash Next Year

    These 3 States Could See Housing Market Crash Next Year

    Public meeting to discuss changing zoning bylaw – simcoe.com

    Public meeting to discuss changing zoning bylaw – simcoe.com

    Chin Hin Group Property buys RM40m land in Penang for residential project

    Chin Hin Group Property buys RM40m land in Penang for residential project

    Julians Berry Farm Whakatāne: Housing plan for popular tourist attraction

    Julians Berry Farm Whakatāne: Housing plan for popular tourist attraction

  • Office
    2024 Commercial Real Estate Trends

    2024 Commercial Real Estate Trends

    Why residential conversions can’t save commercial real estate

    Why residential conversions can’t save commercial real estate

    Block-Sized Pasadena Office Property To Be Sold At Foreclosure Auction

    Block-Sized Pasadena Office Property To Be Sold At Foreclosure Auction

    Best Buy seeks lower property tax as Richfield offices sit half vacant

    Best Buy seeks lower property tax as Richfield offices sit half vacant

    Hamburg Port Authority Agrees To Buy Office Building for €157 Million – CoStar Group

    Hamburg Port Authority Agrees To Buy Office Building for €157 Million – CoStar Group

    KBS REIT Sells Chicago Office Building for Less Than Half What It Paid in 2017

    KBS REIT Sells Chicago Office Building for Less Than Half What It Paid in 2017

    Office Real Estate Refinancing Faces Stormy Skies in 2024

    Office Real Estate Refinancing Faces Stormy Skies in 2024

    Braintree homeowners to see an increase in property taxes

    Braintree homeowners to see an increase in property taxes

    Dolly Parton’s Dollywood Company Acquires Downtown Nashville Office & Retail Property

    Dolly Parton’s Dollywood Company Acquires Downtown Nashville Office & Retail Property

  • Industrial
    New commercial real estate firm closes 175,000 SF of transactions

    New commercial real estate firm closes 175,000 SF of transactions

    Basis Industrial Pays $82M for Fort Worth Industrial Properties

    Basis Industrial Pays $82M for Fort Worth Industrial Properties

    Panattoni JV Breaks Ground on Seattle Project

    Panattoni JV Breaks Ground on Seattle Project

    Mexico: Bridging National Industrial Design Protection with International Practices

    Mexico: Bridging National Industrial Design Protection with International Practices

    Blackstone To Refinance 109-Property Industrial Portfolio With New CMBS Loan

    Blackstone To Refinance 109-Property Industrial Portfolio With New CMBS Loan

    Bridgeport Industrial Property Sells For $1,850,000

    Bridgeport Industrial Property Sells For $1,850,000

    Clearbell sells five assets from Polaris industrial portfolio | News

    Clearbell sells five assets from Polaris industrial portfolio | News

    Billionaire brothers buy industrial unit in Scottish town

    Billionaire brothers buy industrial unit in Scottish town

    RDS Real Estate Announces New Industrial Space Near Alvarado, TX

    RDS Real Estate Announces New Industrial Space Near Alvarado, TX

  • Hotel
    Tudor Investment Corp Et Al Purchases 70,596 Shares of Choice Hotels International, Inc. (NYSE:CHH)

    Tudor Investment Corp Et Al Purchases 70,596 Shares of Choice Hotels International, Inc. (NYSE:CHH)

    The Secret Perks of Investing in Travel, From Hotel Upgrades to Cruise Credits

    The Secret Perks of Investing in Travel, From Hotel Upgrades to Cruise Credits

    2023 Investment Guide • Benzinga

    2023 Investment Guide • Benzinga

    Libyan Airports Authority discusses joint investment with Malta’s Corinthia Group

    Libyan Airports Authority discusses joint investment with Malta’s Corinthia Group

    Should Lodging Stock Hyatt Hotels Corporation (H) Be in Your Portfolio Friday?

    Should Lodging Stock Hyatt Hotels Corporation (H) Be in Your Portfolio Friday?

    Saudi wealth fund buys 49% stake in luxury hotel chain Rocco Forte

    Saudi wealth fund buys 49% stake in luxury hotel chain Rocco Forte

    McKeever Hotel Group to invest £320k in upgrade works at Corr’s Corner

    McKeever Hotel Group to invest £320k in upgrade works at Corr’s Corner

    European charm comes to the Middle East as Saudi Arabia’s Public Investment Fund acquires a 49% stake in the exquisite Rocco Forte hotel chain

    European charm comes to the Middle East as Saudi Arabia’s Public Investment Fund acquires a 49% stake in the exquisite Rocco Forte hotel chain

    Developers to invest US $1B in exclusive Costalegre resort project

    Developers to invest US $1B in exclusive Costalegre resort project

  • Buying a Home
    Program helps essential workers with buying a home | News

    Program helps essential workers with buying a home | News

    Here’s the right way to lend or gift money to help your loved one buy a home

    Here’s the right way to lend or gift money to help your loved one buy a home

    Buying a house for the 1st time? Here are a few tips for a smooth deal

    Buying a house for the 1st time? Here are a few tips for a smooth deal

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    How much do B.C.’s first-time buyers spend in comparison to repeat buyers?

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    6 things to consider before buying a second home – Marin Independent Journal

    People buying a home in the next few years should absolutely open an FHSA in 2023, but where to do it?

    People buying a home in the next few years should absolutely open an FHSA in 2023, but where to do it?

    Should I Make A Cash Offer On A House?

    Should I Make A Cash Offer On A House?

    How Much Is The Down Payment For A $300,000 House?

    How Much Is The Down Payment For A $300,000 House?

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    What to consider before taking the second-home plunge

  • Selling a Home
    Staging Your Home to Sell

    Staging Your Home to Sell

    10 Best Selling Cat 7's for 2023 – The Jerusalem Post

    10 Best Selling Cat 7's for 2023 – The Jerusalem Post

    Greg Norman’s Ex-Wife Sells Palm Beach Home

    Greg Norman’s Ex-Wife Sells Palm Beach Home

    How much does it cost to stage a house, and is it worth it?

    How much does it cost to stage a house, and is it worth it?

    Thief allegedly caught red-handed selling stove stolen from Roseville home, sheriff says

    Thief allegedly caught red-handed selling stove stolen from Roseville home, sheriff says

    10 Best Selling Shower Curtain Sets for 2023

    10 Best Selling Shower Curtain Sets for 2023

    Vista Buildings, Home to Healthcare Manufacturer, Sell for Nearly $30M

    Vista Buildings, Home to Healthcare Manufacturer, Sell for Nearly $30M

    Charmer Home In Montclairs South End Selling For $650K

    Charmer Home In Montclairs South End Selling For $650K

    Who Pays Closing Costs, Buyers or Sellers?

    Who Pays Closing Costs, Buyers or Sellers?

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  • Home
  • News
    Barrow property market: five most expensive homes available

    Barrow property market: five most expensive homes available

    Aviva Investors secures two tenants for Soho office refurb | News

    Aviva Investors secures two tenants for Soho office refurb | News

    Panattoni to build 25,000 sqm industrial park in Kraków

    Panattoni to build 25,000 sqm industrial park in Kraków

    Port Melbourne unit fetches $2.34 million

    Port Melbourne unit fetches $2.34 million

    McLaren and Arlington selected as developers for York Central regen scheme | News

    McLaren and Arlington selected as developers for York Central regen scheme | News

    PSN to renovate shopping centre in Pardubice

    PSN to renovate shopping centre in Pardubice

    JLL Income Property Trust Sells $66M Charlotte Community

    JLL Income Property Trust Sells $66M Charlotte Community

    Annual rent payments hit record £85.6bn in 2023, says Hamptons | News

    Annual rent payments hit record £85.6bn in 2023, says Hamptons | News

    PSN will renovate a functionalist shopping centre in Pardubice

    PSN will renovate a functionalist shopping centre in Pardubice

  • Retail
    Old Greenwich business owners worry about possible building sale

    Old Greenwich business owners worry about possible building sale

    Startup hBits offers Rs 28 crore-commercial property in Mumbai to HNIs for fractional ownership

    Startup hBits offers Rs 28 crore-commercial property in Mumbai to HNIs for fractional ownership

    Waiting for Rates to Thaw, Debate Over Locked-Up Goods, New Leadership

    Waiting for Rates to Thaw, Debate Over Locked-Up Goods, New Leadership

    DRA fetches $31M as Philips Edison, Sperry pounce on Chicagoland retail selloff

    DRA fetches $31M as Philips Edison, Sperry pounce on Chicagoland retail selloff

    LVMH Signs Deal to Sell Majority of Cruise Retail Business

    LVMH Signs Deal to Sell Majority of Cruise Retail Business

    Newly Developed Munster Property Now Managed by Latitude Commercial

    Newly Developed Munster Property Now Managed by Latitude Commercial

    North America – Retail & Leisure International

    North America – Retail & Leisure International

    Deck on Main to provide retail space in Old Town Lewisville

    Deck on Main to provide retail space in Old Town Lewisville

    Balanced Commercial Property Trust Ltd’s (LON:BCPT) top owners are retail investors with 50% stake, while 50% is held by institutions

    Balanced Commercial Property Trust Ltd’s (LON:BCPT) top owners are retail investors with 50% stake, while 50% is held by institutions

  • Residential
    Higher foreign investment fees for housing

    Higher foreign investment fees for housing

    A Brooklyn co-op and the future of affordable housing

    A Brooklyn co-op and the future of affordable housing

    Housing market in northern Taiwan stays stable in November

    Housing market in northern Taiwan stays stable in November

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    Malaysia’s OSK Teams with Gurner-Qualitas JV for Melbourne BTR

    East Side Victorian Hits the Market at $2.3 Million

    East Side Victorian Hits the Market at $2.3 Million

    These 3 States Could See Housing Market Crash Next Year

    These 3 States Could See Housing Market Crash Next Year

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    Public meeting to discuss changing zoning bylaw – simcoe.com

    Chin Hin Group Property buys RM40m land in Penang for residential project

    Chin Hin Group Property buys RM40m land in Penang for residential project

    Julians Berry Farm Whakatāne: Housing plan for popular tourist attraction

    Julians Berry Farm Whakatāne: Housing plan for popular tourist attraction

  • Office
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    2024 Commercial Real Estate Trends

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    Why residential conversions can’t save commercial real estate

    Block-Sized Pasadena Office Property To Be Sold At Foreclosure Auction

    Block-Sized Pasadena Office Property To Be Sold At Foreclosure Auction

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    Best Buy seeks lower property tax as Richfield offices sit half vacant

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    Hamburg Port Authority Agrees To Buy Office Building for €157 Million – CoStar Group

    KBS REIT Sells Chicago Office Building for Less Than Half What It Paid in 2017

    KBS REIT Sells Chicago Office Building for Less Than Half What It Paid in 2017

    Office Real Estate Refinancing Faces Stormy Skies in 2024

    Office Real Estate Refinancing Faces Stormy Skies in 2024

    Braintree homeowners to see an increase in property taxes

    Braintree homeowners to see an increase in property taxes

    Dolly Parton’s Dollywood Company Acquires Downtown Nashville Office & Retail Property

    Dolly Parton’s Dollywood Company Acquires Downtown Nashville Office & Retail Property

  • Industrial
    New commercial real estate firm closes 175,000 SF of transactions

    New commercial real estate firm closes 175,000 SF of transactions

    Basis Industrial Pays $82M for Fort Worth Industrial Properties

    Basis Industrial Pays $82M for Fort Worth Industrial Properties

    Panattoni JV Breaks Ground on Seattle Project

    Panattoni JV Breaks Ground on Seattle Project

    Mexico: Bridging National Industrial Design Protection with International Practices

    Mexico: Bridging National Industrial Design Protection with International Practices

    Blackstone To Refinance 109-Property Industrial Portfolio With New CMBS Loan

    Blackstone To Refinance 109-Property Industrial Portfolio With New CMBS Loan

    Bridgeport Industrial Property Sells For $1,850,000

    Bridgeport Industrial Property Sells For $1,850,000

    Clearbell sells five assets from Polaris industrial portfolio | News

    Clearbell sells five assets from Polaris industrial portfolio | News

    Billionaire brothers buy industrial unit in Scottish town

    Billionaire brothers buy industrial unit in Scottish town

    RDS Real Estate Announces New Industrial Space Near Alvarado, TX

    RDS Real Estate Announces New Industrial Space Near Alvarado, TX

  • Hotel
    Tudor Investment Corp Et Al Purchases 70,596 Shares of Choice Hotels International, Inc. (NYSE:CHH)

    Tudor Investment Corp Et Al Purchases 70,596 Shares of Choice Hotels International, Inc. (NYSE:CHH)

    The Secret Perks of Investing in Travel, From Hotel Upgrades to Cruise Credits

    The Secret Perks of Investing in Travel, From Hotel Upgrades to Cruise Credits

    2023 Investment Guide • Benzinga

    2023 Investment Guide • Benzinga

    Libyan Airports Authority discusses joint investment with Malta’s Corinthia Group

    Libyan Airports Authority discusses joint investment with Malta’s Corinthia Group

    Should Lodging Stock Hyatt Hotels Corporation (H) Be in Your Portfolio Friday?

    Should Lodging Stock Hyatt Hotels Corporation (H) Be in Your Portfolio Friday?

    Saudi wealth fund buys 49% stake in luxury hotel chain Rocco Forte

    Saudi wealth fund buys 49% stake in luxury hotel chain Rocco Forte

    McKeever Hotel Group to invest £320k in upgrade works at Corr’s Corner

    McKeever Hotel Group to invest £320k in upgrade works at Corr’s Corner

    European charm comes to the Middle East as Saudi Arabia’s Public Investment Fund acquires a 49% stake in the exquisite Rocco Forte hotel chain

    European charm comes to the Middle East as Saudi Arabia’s Public Investment Fund acquires a 49% stake in the exquisite Rocco Forte hotel chain

    Developers to invest US $1B in exclusive Costalegre resort project

    Developers to invest US $1B in exclusive Costalegre resort project

  • Buying a Home
    Program helps essential workers with buying a home | News

    Program helps essential workers with buying a home | News

    Here’s the right way to lend or gift money to help your loved one buy a home

    Here’s the right way to lend or gift money to help your loved one buy a home

    Buying a house for the 1st time? Here are a few tips for a smooth deal

    Buying a house for the 1st time? Here are a few tips for a smooth deal

    How much do B.C.’s first-time buyers spend in comparison to repeat buyers?

    How much do B.C.’s first-time buyers spend in comparison to repeat buyers?

    6 things to consider before buying a second home – Marin Independent Journal

    6 things to consider before buying a second home – Marin Independent Journal

    People buying a home in the next few years should absolutely open an FHSA in 2023, but where to do it?

    People buying a home in the next few years should absolutely open an FHSA in 2023, but where to do it?

    Should I Make A Cash Offer On A House?

    Should I Make A Cash Offer On A House?

    How Much Is The Down Payment For A $300,000 House?

    How Much Is The Down Payment For A $300,000 House?

    What to consider before taking the second-home plunge

    What to consider before taking the second-home plunge

  • Selling a Home
    Staging Your Home to Sell

    Staging Your Home to Sell

    10 Best Selling Cat 7's for 2023 – The Jerusalem Post

    10 Best Selling Cat 7's for 2023 – The Jerusalem Post

    Greg Norman’s Ex-Wife Sells Palm Beach Home

    Greg Norman’s Ex-Wife Sells Palm Beach Home

    How much does it cost to stage a house, and is it worth it?

    How much does it cost to stage a house, and is it worth it?

    Thief allegedly caught red-handed selling stove stolen from Roseville home, sheriff says

    Thief allegedly caught red-handed selling stove stolen from Roseville home, sheriff says

    10 Best Selling Shower Curtain Sets for 2023

    10 Best Selling Shower Curtain Sets for 2023

    Vista Buildings, Home to Healthcare Manufacturer, Sell for Nearly $30M

    Vista Buildings, Home to Healthcare Manufacturer, Sell for Nearly $30M

    Charmer Home In Montclairs South End Selling For $650K

    Charmer Home In Montclairs South End Selling For $650K

    Who Pays Closing Costs, Buyers or Sellers?

    Who Pays Closing Costs, Buyers or Sellers?

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A Win-Win ‘Loophole’ Giving Artists Space to Create

PrR by PrR
2023-11-07
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A Win-Win ‘Loophole’ Giving Artists Space to Create
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On a recent afternoon, in a ground-floor retail unit in one of London’s many vacant office buildings, a pair of flame-red platform heel boots with what looked like tentacles growing out of them and a multimedia sculpture of a coffin-like object circled by plastic shark fins were on show.

“I’m against empty space,” said Camilla Cole, the founder of Hypha Studios, a London-based nonprofit that persuades commercial landlords to let artists work and exhibit for free in unoccupied stores and offices. Cole had organized MELT, a group exhibition showcasing works by 32 recognition-hungry artists who work with Hypha and a fellow studio provider, Creative Land Trust. The show opened in Euston Tower, an empty 1970s high-rise in the city center, on the same day as the V.I.P. preview of the nearby Frieze London fair.

Founded in 2021, Hypha Studios provides free working space for more than 300 artists at nine sites across Britain. “I’ve found a loophole,” said Cole, 38, a curator who dropped out of Goldsmiths College, in London, without completing her degree. She noted that British businesses can pay lower property taxes if they allow nonprofits to be tenants. “Landlords save money by me being in their space,” she said.

In the aftermath of the Covid-19 lockdowns of 2020 and 2021, online shopping and remote working have created a blight of shuttered storefronts and empty office buildings in towns and cities across the world. Allowing artists to infuse life into these vacant commercial spaces, even on a temporary basis, has become one way landlords can address the issue. (They can also burnish their corporate responsibility credentials.)

Cole said that about 100 artists usually applied for each free Hypha studio, and were chosen based on criteria including the quality of their work, locality, need and community engagement. Studios are given to an artist indefinitely, but are subject to reviews every three months, she added.

The long-established New York nonprofit ChaShaMa pioneered this model in the mid-1990s. A brainchild of the arts patron Anita Durst, the organization now runs a sprawling network of some 45 locations that extends into New York’s outer suburbs, making free spaces available for more than 1,000 artists and creative businesses, even as rents and other costs in the city rise.

“I like the artist to have the space for as long as possible. Many of our artists have been in the spaces from one year to 20 years,” said Durst, who mentioned that the painter and archivist Clay Hapaz has been working from a ChaShaMa studio in Brooklyn since the mid-1990s. When artists have long-term spaces, “they create a sense of community,” she added.

Studio providers who become their own landlords can stem the exodus. Back in London, Acme Studios owns 10 buildings containing permanent spaces that it acquired from 1996 to 2013, helped, initially, by funding from Britain’s National Lottery. These, together with a further five rented properties, provide long-term, affordable spaces for about 800 artists in the city.

“We want artists to stay within London’s central banding,” said David Panton, who co-founded Acme in 1972. “We decided that by providing permanency, the buck stops.”

Hypha and Acme, or similar organizations like the Bomb Factory Art Foundation, Gasworks and Studio Voltaire, give London artists space, but they don’t have the marketing resources of commercial galleries to help artists sell what they make. As a result, artists without gallery representation can struggle to land sales, particularly at a time when demand in the art market is cooling. And selling art is how artists get noticed.

Cole, the Hypha Studios founder, said that nearly 500 people came to the opening night at the Euston Tower show. There were inquiries from would-be buyers, she said, but no confirmed sales. Those flame-red boots, called an “Unidentified Performing Object” by Luca Bosani, priced at around $4,000, didn’t find a buyer; nor did “Ant Talkin,” that enigmatic shark-fin sculpture by Elliot Fox, at around $3,200. Neither artist has been signed by a gallery.

“Gallery representation doesn’t solve everything,” said Bosani, 33, in an interview at one of Hypha’s three spacious free studio units in the Battersea district of South London.

A postgraduate of the prestigious Royal College of Art, Bosani said he keeps his career on track with a mix of grants, performance commissions, teaching gigs and online and in-studio sales. Doing that in London was “not easy,” said Bosani. “But I’m not going to stop dreaming. I’m in love with the energy of this city.”

Subsidized studios provide artists with the much-prized freedom to experiment. Yet without the validation of a gallery and its sales, these artists can often find themselves working in purgatory, unnoticed by the mainstream art market and its media coverage.

“There’s a huge gap,” said Pallas Citroen, a London-based artist who in 2015 founded the Bomb Factory. “It’s difficult to get collectors to visit our events, and galleries aren’t picking up artists any more. We tell artists they should be on Instagram, but it doesn’t generate sales,” Citroen said.

Landlords can save and even make money out of artists working in empty stores and offices. The challenge for those artists is to make money out of their art.



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