Developers Rediscover Newark
For four decades, no new hotels were built in the central business district of Newark, N.J. Crime rates were so high that lenders were reluctant to finance
Eager Retailers Open on Broadway
Less than two years ago, the financial crisis took a toll on Times Square. With many hotel rooms empty and unemployment rising, pedestrian traffic slowed.
Shifting Into Reverse
As the U.S. economy continues to shed jobs 1.2 million in the first 10 months of this year consumer spending is contracting and demand for industrial
Investors Withdraw from Asia
Last summer New City Residence Investment Corp. appeared to be on sound footing. An owner of apartments in upscale neighborhoods of Tokyo, the Japanese
New York Braces for a Retail Plunge
Across the country, thousands of retailers have been forced to close their doors because of financial difficulties. But in New York City, American and
Chipping Away at Insurance Costs
When Hurricane Ike struck Houston in September, Camden Property Trust's apartment communities suffered an estimated $1 million in losses, including downed
Why insurance premiums have moved down
After insurance companies suffer big losses, they often sock customers with premium hikes. As Hurricane Ike approached Texas in September, insurance brokers
Construction Pipeline Scaled Back
With retail sales slowing, vacancy rates are climbing in the industrial warehouse sector. The volume of property sales also has dropped sharply and forced
High Drama in New York Office Market
Even with corporate layoffs occurring at a brisk clip in New York's financial sector some 57,075 job cuts have been announced since the start of 2007
Staying Upbeat
John Murray Age: 47 Company: Hospitality Properties Trust Title: President Time in current role: 12 years Currently reading: by Nathaniel Philbrick Since
Brokerages Brave a Whole New World
As the velocity of U.S. commercial property sales begins to slow, the ability of brokerage companies to post big gains in quarterly revenue is at risk.
The Soaring Price of Air
In New York, prices are rising for everything even air. With the city's real estate market still strong, developers are bidding ferociously for air rights.
Industrial Flexes Its Muscle
Industrial tenants across the country are bracing for rental rate sticker shock the kind of hefty increases experienced in Southern California. Demand
Hotel Mergers Take a Breather
In January of this year, Hospitality Properties Trust, a REIT based in Newton, Mass., paid $1.9 billion to acquire TravelCenters of America, which operates
