April 1, 2007

Cover Story

EMBRACING THE MIDWEST

Apr 1, 2007 12:00 PM, By Parke M. Chapman

When Equity Residential Properties Trust sold a 27,115-unit Ohio apartment portfolio for $1.09 billion last June, the nation's second largest apartment owner was in good company....

Features

Today's Broker: Advisor & Mentor

Apr 1, 2007 12:00 PM, By Morris Newman

Real estate brokers have long proclaimed their industry is becoming a knowledge profession so often, in fact, that some industry watchers might be tempted to dismiss such statements as hype. ...

Riding the Deal Wave to New Heights

Apr 1, 2007 12:00 PM, By Ben Johnson

If it's true that records are meant to be broken, then certainly that was the case in 2006 when commercial property sales soared to ever-increasing heights, taking the nation's brokerage industry along for the ride....

Houston's Economy Barrels Along

Apr 1, 2007 12:00 PM, By Ben Johnson

Oil. Black Gold. Texas Tea. No matter how you describe it, the energy industry is once again propelling Houston's metro office market to heights not seen since the last oil boom some 25 years ago....

Hotel Doctors On Call

Apr 1, 2007 12:00 PM, By Stan Luxenberg

With tourists pouring into the casinos of Biloxi, Miss., a local mid-price hotel faced a strange problem. Competitors in the market enjoyed 65% occupancy compared with 40% for the troubled property....

Developments

Spec Building Wave Hits Industrial Sector

Apr 1, 2007 12:00 PM, Parke M. Chapman

A long-running recovery in industrial property fundamentals appears to be winding down as an abundance of speculative warehouse and distribution space enters the market...

New Heights for Windy City?

Apr 1, 2007 12:00 PM, H. Lee Murphy

Since the Sears Tower in Chicago's Loop lost its title as the world's tallest building a decade ago, big skyscraper proposals have popped up periodically with the promise of winning back the honor....

Institutions Dial Back

Apr 1, 2007 12:00 PM, Hue Ha

After a major buying binge in commercial real estate in recent years, pension funds and endowments plan to curb investment by 22% in 2007...

Retail Buying Spree

Apr 1, 2007 12:00 AM, Stan Luxenberg

When Centro Properties Group, a publicly traded Australian company, acquired New Plan Excel Realty Trust for $6.2 billion in February, it sent a message to the real estate investment world that REITs with weak growth prospects are vulnerable....

SPORTS-ANCHORED DEVELOPMENT COMES TO LOUISVILLE

Apr 1, 2007 12:00 PM

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....

Names In The News

NAMES IN THE NEWS

Apr 1, 2007 12:00 PM

Joshua Granger has joined BH Properties as regional director of acquisitions for Colorado, Washington and the Northwest. ...

Deals And Projects

DEALS & PROJECTS

Apr 1, 2007 12:00 PM

Delamore Cos., a Newport Beach, Calif.-based private investor, has acquired One Elizabeth Place, a medical office mall, for $46.7 million from Dayton, Ohio-based RNS Equities....

In Progress: 321 North

Apr 1, 2007 12:00 PM

The $350 million mixed-use development will be part of the City of Plantation's master plan to build an urban town center....

Columns

Could the Subprime Mortgage Meltdown Become Contagious?

Apr 1, 2007 12:00 PM, Matt Valley matt.valley@penton.com

The news continued to go from bad to worse on the residential mortgage front in late March. A Federal Reserve official testified before the House Financial Services Committee in Washington, D.C. that borrowers of subprime mortgage loans will experience more delinquencies and foreclosures over the next one to two years....

Vaunted Bank Building in Dallas Has New Life As Luxury High-Rise

Apr 1, 2007 12:00 PM, By Christine Perez

When it opened in downtown Dallas in December 1954, the 36-story Republic National Bank Building was the tallest tower west of the Mississippi....

World Beat

Apr 1, 2007 12:00 PM, Bennett Voyles

Dubai developer sells Ireland Just in time for St. Patrick's Day, Dubai developer Nakheel sold Ireland to a group of Irish investors for $38.67 million....

The Power Of Private Equity

Apr 1, 2007 12:00 PM, By W. Joseph Caton

In recent weeks, the financial markets have been inundated with fallout news in the residential mortgage business, and ordinary citizens now use buzzwords like and But a funny thing began to happen in the face of all this bad news....

Fallout From Stock Market's Swoon

Apr 1, 2007 12:00 PM, By Anthony Downs

The Dow Jones Industrial Average plunged 416 points, or 3.3%, on Feb. 27. It was one of the largest one-day price drops since the 30% decline on Black Monday in October 1987...

Correction:

Apr 1, 2007 12:00 PM

In a March feature profile of Cal Frese of CB Richard Ellis, his title while at Cabot, Cabot & Forbes should have been listed as senior vice president....

Merge, Die or Thrive?

Apr 1, 2007 12:00 PM, By Daniel F. Miranda

It's no secret that the commercial real estate services industry has become an increasingly global business. As large brokerage organizations continue to consolidate and expand, small and mid-sized brokerage firms are banding together in networks such as NAI, Colliers and ONCOR...

Q & A

Apr 1, 2007 12:00 PM, Dees Stribling

David Loeb, a senior research analyst and managing director of Robert W. Baird & Co. based in Milwaukee, has been tracking real estate-related companies for more than 20 years, with a special emphasis on the lodging and office sectors....

Global Investors Parlay Knowledge into Deals

Apr 1, 2007 12:00 PM, By Sibley Fleming

For the 18th year in a row, veterans and virgins alike converged on Cannes March 13-16 for MIPIM The World's Property Market the largest international commercial real estate conference in the world. MIPIM is deafening, crowded and highly productive for deal makers....