A Not So Great 2008: Emerging Trends Report
Commercial real estate investors and developers should brace for more uncertainty in 2008 as fundamentals and pricing continue to soften...
Historic Clock Tower Keeps On Ticking In New Hands
Ensemble Real Estate Services LLC has purchased a historic property in Long Beach, Calif., for $9.5 million. Built in 1906 and listed on the National...
Investors Float Mixed-Use Plan to Save Queen Mary
A $43 million bid has cleared the way for the redevelopment of an unusual waterfront site in Long Beach, Calif. In mid-August, a private investor group...
Dracula's Castle Hits the Market in Romania
The Transylvanian castle that inspired Bram Stoker's classic 1897 novel is officially on the market. Earlier this summer, heirs of the Habsburg family...
In Progress: SkyCity Orlando
DEVELOPER: Sky Development LOCATION: Orlando, Fla. SIZE: Sky Tower I, a 25-story, Class-A office tower; Sky Tower II, a 35-story, 350 room hotel with...
NAMES IN THE NEWS
Peter Dunn has joined Marcus & Millichap Capital Corp. as senior director of the firm's Houston office. Dunn will oversee debt and equity transactions for the company's Houston office....
China Tightens Rules
China is taking new steps to curb foreign investment in commercial and residential real estate and to quell fears that offshore investors are driving up prices to unacceptable levels. Announced June 11, the new rules extend licensing and equity-participation requirements for property purchases to cover investments in Chinese holding companies as well....
DEALS & PROJECTS
Harbor Group International LLC based in Norfolk, Va., has acquired the BB&T Tower, an 18-story office building in downtown Jacksonville, Fla., from an...
11 TIMES SQUARE PROJECT BEATS THE CLOCK IN EARLY GOING
SJP Properties has broken ground two months ahead of schedule on a speculative 40-story office tower in Times Square. The 11 Times Square project is being built on one of the few viable development sites in midtown Manhattan....
Pension Funds Travel
A growing number of U.S. pension funds are tapping real estate opportunities abroad. According to the Pension Real Estate Association 2007 survey, 45 of the largest 1,000 U.S. pension plans will send capital abroad in 2007....
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....
PROJECT AIMS TO CHANGE DYNAMICS OF DOWNTOWN HOUSTON
Downtown Houston is being transformed into a trendy hot spot with the arrival of a mixed-used development, the Houston Pavilions. ...
Price Appreciation Clouds CMBS Risks
Aggressive underwriting will lead to increased defaults in the latest crop of loans earmarked for commercial mortgage-backed securities (CMBS), warns Fitch Ratings....
JAPANESE HOTEL PORTFOLIO FETCHES RECORD PRICE
In the largest Asian hotel portfolio sale on record, Morgan Stanley in March agreed to pay $2.4 billion for 13 luxury hotels in Japan. The seller was All Nippon Airways Co., Japan's second largest airline, which is shedding non-strategic assets...
Big Easy Heads for Higher Ground
Almost two years after Hurricane Katrina flooded 80% of New Orleans, the city is reinventing itself geographically and literally scrambling northward onto higher ground....
SPORTS-ANCHORED DEVELOPMENT COMES TO LOUISVILLE
Cobalt Ventures LLC plans to build the first sports-anchored development in downtown Louisville, Ky. Known as The Iron Quarter, the $50 million complex of retail, office and dining will be built adjacent to the site selected for the city's 22,000-seat sports arena....
Urban Hot Spot Alters Columbus
On a cool October evening, a couple sporting Toronto Maple Leafs jerseys stroll across Front Street in downtown Columbus, Ohio, as their hockey team prepares to play in Nationwide Arena....
Sizing Up Commercial Appraisals
It's difficult to overestimate the importance of accurate appraisals in the commercial real estate industry....
Private Buyers on Gobbling Binge
Mega deal typically is one of those overly dramatic phrases that the ego-driven, bigger-is-better commercial real estate industry loves to bandy about when it comes time for the annual ritual of retrospection....
Big Challenge: Finding a New Catalyst to Drive the Economy
Gauging the future direction of the economy is similar to the football team captain who calls the coin toss. Economists have a 50/50 chance to get it right....
Investors Shy Away from Budapest
Angry at the prime minister following revelations that he had lied about the shaky state of Hungary's finances, 10,000 citizens took to the streets in September in protests...
Enticing Fairways
The game of golf, which hasn't been kind to public REIT investors in recent years, is attracting the interest of private-equity investors. ...
Walking the Line
As 2006 draws to a close, the U.S. economy and the Federal Reserve are in the midst of a difficult high-wire act with little margin for error. ...
Acquisition to Make CBRE’s Full Services a Little Fuller
What do you get for a global real estate services firm that seems to have everything? How about a new development arm and a highly refined outsourcing business to help clients manage their real estate tasks?...
Is Mills Corp. Grinding to a Halt?
The retirement of Larry Siegel as CEO of Mills Corp. helps pave the way for a sale of the company, but terms of his departure may exasperate investors...
