November 1, 2007

Cover Story

Wild Ride for Office REITs

Nov 1, 2007 12:00 PM, By Joe Gose

After four years of incredible growth topped off with a 45% spike in total returns in 2006 office REITs looked unstoppable at the beginning of the year....

Features

Mortgage REITs Rebounding?

Nov 1, 2007 12:00 PM, By G.M. Filisko

The performance of mortgage REITs this year has been abysmal. Total returns are down more than 44% as of Oct. 17, reports the National Association of...

Hotel Mergers Take a Breather

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

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...

A Subprime Sucker Punch

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

Shares in multifamily real estate investment trusts (REITs) have taken a beating of late. Through Oct. 23, apartment REIT shares plunged by 11.9% due...

Retail REITs Take a Licking

Nov 1, 2007 12:00 PM, By Denise Kalette

After posting stellar returns of nearly 30% in 2006, retail REITs have taken it on the chin. Total returns year-to-date through Oct. 24 were a negative...

Changing Market Scuttles Office Sales

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

Investors plunked down a record $17 billion to acquire Manhattan office properties in the first quarter. But as the credit downturn whipsawed demand for...

Tenants Go for the Green

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

After years of fits and starts, office building owners are finally getting the green message. Just ask Al Skodowski, vice president and director of engineering...

Retail Condo Sales Gain Traction

Nov 1, 2007 12:00 PM, By H. Lee Murphy

From the street, the brand-new Point Berkeley in Duluth, Ga., a suburb north of Atlanta, looks like any other neighborhood shopping center. The 217,000...

Rail-Volution in Real Estate

Nov 1, 2007 12:00 PM, By Dees Stribling

In San Francisco, a new streetcar line has been built to ferry riders to a 303-acre project set on an old rail yard site. With 6,000 planned residences,...

Covering All Bases

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

Left-handed batter or right-handed batter? Interstate Hotels & Resorts is ambidextrous. Arguably one of the largest third-party hospitality operators...

Brazil's Churning Economy Beckons Investors

Nov 1, 2007 12:00 PM, By Denise Kalette

When Tom Shapiro, president of GoldenTree InSite Partners, a global real estate investment firm, boarded a 10 p.m. flight from New York City to Sao Paulo...

Dialing Back on Utility Costs

Nov 1, 2007 12:00 PM, By Matt Hudgins

When Greystar Real Estate Partners acquired three apartment properties last year in Raleigh-Durham, N.C., the new owner installed submeters in each unit...

Smart Buildings Pose Steep Learning Curve

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

Ductwork has enabled many movie heroes to infiltrate locked offices. But those looking to penetrate 1 Victory Place a 17-story office tower being built...

Developments

Derivatives Debut in Commercial Real Estate

Nov 1, 2007 12:00 PM, Matt Hudgins

With capitalization rates flattening in most markets, commercial real estate owners face the real possibility that their property values may drop for...

Betting on Detroit

Nov 1, 2007 12:00 PM, Denise Kalette

What happens in Las Vegas may stay in Vegas, but what's happening in Detroit is no secret. The Motor City has unveiled the $800 million MGM Grand Detroit...

Condo Sales Not Bigger, But Better, in Texas

Nov 1, 2007 12:00 PM, Matt Hudgins

The condo slump hasn't taken hold in Texas, where Dallas and Houston have emerged as markets that are bucking the national trend with accelerating sales...

Vegas Tries for 3-Point Play

Nov 1, 2007 12:00 PM, Buck Wargo

Developers have upped the stakes in Las Vegas' quest for a professional sports franchise with a proposed 20,000-seat arena. Already the project has boosted...

Possible 2008 Democratic Sweep Scares Some Owners

Nov 1, 2007 12:00 PM, G.M. Filisko

Envisioning Democratic control of both the White House and Congress in 2008 along with a big jump in the capital gains tax rate some investors are selling...

Q & A

Nov 1, 2007 12:00 PM, Steve McLinden

The two industries served by Rainmaker Group apartments and casinos may seem as different as oil and water. But the Atlanta-based software and services...

Names in The News

Names in the News

Nov 1, 2007 12:00 PM

Charles Doyle has joined Jones Lang LaSalle as chief marketing officer. He will oversee marketing, communications and research in the Americas, EMEA and...

Deals And Projects

DEALS & PROJECTS

Nov 1, 2007 12:00 PM

Kor Group has acquired Sunset Plaza Apartments in West Covina, Calif. for $30 million from Interstate Equity Corp. The property totals 182 units, including...

In Progress: Heritage Square

Nov 1, 2007 12:00 PM

DEVELOPER: Scientific Properties LOCATION: Durham, N.C. SIZE: The mixed-use project lies on a 9.6-acre site and will offer 235,000 sq. ft. of office space...

Fund Embarks On $1.4 Billion Shopping Spree In Pacific Rim

Nov 1, 2007 12:00 PM

Another billion-dollar real estate fund is snapping up core properties in the booming Asian market. LaSalle Investment Management recently invested $1.4...