News Archive
Wants vs. Needs Shape Retail Outlook
To adulterate a Rolling Stones lyric, consumers can’t always get what they want, but they just might buy what they need. ...
Private Chicago Developer Boosts Profits With Public Program
As the government becomes the corporate lender of last resort, one company figured out long ago that a partnership with the state isn't necessarily a bad deal. ...
Medical Office Sector Bucks The Cycle
While office building transactions have fallen off a cliff in recent months, one bright spot many industry analysts point to is the medical office building market, where sales typically range from $10 million to $30 million....
Commercial and Multifamily Lending Activity Contracts 53%
Mortgage bankers’ originations of commercial and multifamily mortgage loans dropped a whopping 53% in the third quarter compared with the same period of 2007, the Mortgage Bankers Association reports. ...
Dubai’s Building Technology Wows Conference Attendees
The world’s tallest building, the $20 billion Burj Dubai, is taking shape in the desert of Dubai amid a rising collection of structures that form an engineer’s dream. ...
Viacom Signs Extended Lease in Manhattan
Viacom, the global entertainment content company, has renewed and extended a lease on its 1.3 million sq. ft. headquarters at 1515 Broadway in New York’s Times Square. ...
Inertia of Buyers and Sellers to End in 2009, Predicts Grubb & Ellis
An end is in sight for the depressed investment sales market, a healthy sign in an otherwise increasingly unhealthy commercial real estate industry, according to brokerage firm Grubb & Ellis. ...
Trouble Builds in Hotel Construction
Developers are adding to the global supply of hotel rooms at an astonishing pace even as per-room revenue and occupancy rates decline for most of the world. ...
Oklahoma Multifamily Portfolio Sells for $132 Million
Inland Real Estate Acquisitions has purchased a portfolio of 1,325 apartments in four complexes in and around Oklahoma City for $132.1 million...
Funds Place Riskier Bets for Higher Returns
Pension funds are caught in a pickle as real estate values drop amid the current credit crunch. ...
CB Richard Ellis: Steep Revenue Drop in the Third Quarter
The nation’s largest commercial real estate services firm, Los Angeles-based CB Richard Ellis, has reported a 13% decline in third-quarter revenue from the same period in 2007, and CEO Brett White says that amid deteriorating global economic conditions the company’s transactions have reached a record low....
Global Economic Strains Hit Property Markets
The International Monetary Fund (IMF) has slashed projections for growth of the world’s richest economies for 2009. ...
Interstate Pares Fourth-Quarter Revenue Expectations
Against the backdrop of rising hotel supply and lower occupancy rates, Interstate Hotels & Resorts has attempted to shield itself from the ongoing economic downturn with a diversified earnings base....
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