Rents are rising in many of the nation’s best-known trophy retail districts. Of the 13 markets tracked in the U.S. and elsewhere in the Americas in a report by brokerage CB Richard Ellis (CBRE), seven posted rent increases in the past 12 months.
General Growth Properties (NYSE: GGP) has sold the management and leasing responsibilities for its third-party management division to Jones Lang LaSalle (NYSE: JLL) as General Growth attempts to emerge from Chapter 11 bankruptcy protection.
Widespread improvement in the industrial sector won’t occur until 2011 and 2012 despite recent economic and manufacturing gains. That is according to a new report issued by Encino, Calif.-based Marcus & Millichap Real Estate Investment Services.
It seems everyone’s connected through social media these days. But a recently released survey finds that more than nine in 10 conventional apartment residents (persons who don’t reside in student housing) haven’t visited any apartment community’s social networking website this year.
Aptech Computer Systems, a provider of hospitality software and enterprise financial accounting, has developed an advanced hospitality financial accounting system called the Aptech Next Generation Accounting Solution.
With approximately $700 billion worth of loans coming due on distressed properties over the next four years, transaction activity in commercial real estate is picking up this year, albeit slowly, and is expected to intensify in 2011 and 2012.
Although hotel lenders always take appraisals with a grain of salt, a newly released survey of capital providers indicates that appraisals are still the biggest factor when determining market pricing for hotel properties
With nonfarm payroll employment rising across the United States by 290,000 in April, and with more than 570,000 jobs added nationwide in 2010, Atlanta is following suit with consecutive months of new net job growth of its own.