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Parke Chapman

BOMA International Drops Energy Gauntlet
One of the world’s largest commercial real estate trade organizations has challenged its 16,500 members and the industry at large to dramatically improve their energy efficiency.
ProLogis Deal Hinges On Nevada Market
Industrial giant ProLogis is boosting its exposure to Nevada’s growing market for distribution space. On Thursday, the Denver-based REIT (NYSE: PLD) spent $1.85 billion for a portfolio of 114 industrial properties with approximately 25 million sq. ft. of distribution space.
Leasing Demand Buoys Downtown Manhattan Office Market
Six years after the 9-11 attacks, tenants are flocking to lower Manhattan’s office market in droves. This morning, Manhattan-based real estate services firm Cushman & Wakefield held its quarterly briefing on the Manhattan market. One central finding from the briefing was that downtown office vacancy hit 6.7% at the end of June, down from 11.2% just 12 months earlier.
Blackstone Taking Hilton Hotels Private in Blockbuster Deal
In the most expensive hotel buyout ever, Blackstone Group has agreed to buy Hilton Hotels (NYSE: HLT) for roughly $20 billion in cash. The private equity firm — which ranks as the world’s largest with $88 billion in assets under management—will pay $47.50 per share of HLT. The Blackstone offer represents a 40% premium to Monday’s closing price of $33.87 per share of HLT. Blackstone will also assume $6 billion in HLT debt, ratcheting the total deal value up to $26 billion.
Indian Retail Market Awakens
India’s gigantic retail market presents a growing range of retail opportunities for both developers and retailers. But a new report warns that the world’s second most populated country also poses unique challenges for companies eying this fast-changing market.
Supply-Side Jitters
Industrial market fundamentals continue to slip as supply begins to mushroom nationally. Grubb & Ellis reported 132 million sq. ft. of industrial space
Unfazed by Hotel Starts
After four years of banner performance, the U.S. hotel market faces two questions: Can occupancy demand keep pace with a fat pipeline of new room supply?
Office Investment Risks Mount
Office landlords can't help but smile. The national vacancy rate has declined for 11 straight quarters, registering 13.1% at the end of March. Manhattan-based
A Growing Office Empire
As one of the nation's fastest growing suburban office markets, Ontario, Calif. is teeming with new development. With a booming local economy, cranes are rising all over this Inland Empire city of 171,000 located 35 miles east of Los Angeles.
More REITs Exit Stage Left
Private equity-led buyouts of real estate investment trusts show no sign of slowing down at midyear. Eight large privatizations worth $43.3 billion were announced through the first five months of 2007.
Report Sheds Light On Retail Darkhorses
Albuquerque and Charleston, S.C. don’t immediately come to mind as retail strongholds. But a new research report finds that these and eight other cities hold the greatest potential for income growth over the next few years.
Mexican Hotel Market Awash in Offshore Capital
The Mexican hotel market is benefiting from a wave of global liquidity, according to a joint research report from Jones Lang LaSalle Hotels and Mexico’s National Trust for Tourism Development (FONATUR).
Apartment REITs Fueling Takeover Buzz
The coming weeks may bring even more apartment REIT privatizations, say sources. Just two weeks after Archstone-Smith agreed to a $15.2 billion privatization, rumors are swirling that Washington, D.C.-based AvalonBay Communities (NYSE: AVB) is being pursued by real estate private equity giant Blackstone Group.
Up From The Ashes
Lower Manhattan's commercial real estate market is thriving nearly six years after the 9/11 attacks. What's fueling this rebound are a growing number of businesses and residents who see the allure of an area that's undergoing a $20 billion upgrade.
Going Once, Going Twice
When Pritzker Realty Group decided to sell a Kansas City office building last summer, the private investment firm didn't hand the listing to a local broker.
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