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Report: Manhattan Office Rents Rise As Leasing Slows
Apr 8, 2008
The bigger they come, the harder they fall is an expression that clearly does not apply to New York, according to Cushman & Wakefield’s first-quarter report on the commercial real estate market in Manhattan....
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High Drama in New York Office Market
Apr 1, 2008
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...
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Office Pipeline Opens in Midwest
Mar 25, 2008
Several recent announcements of new office building starts in Texas and Oklahoma point to developers’ renewed faith in the growth of key leasing markets come 2010-2012....
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What Fire Sale?
Mar 25, 2008
While the nation’s credit markets and economy might appear to be in a freefall, sellers of office properties continue to toe the line on pricing, stubbornly refusing to give up record-high valuations gained over the past three years....
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Medical Office Catches Fever
Feb 20, 2008
When Santa Ana, Calif.-based Grubb & Ellis Healthcare REIT purchased a portfolio of five medical office buildings in Florida and Kansas for nearly $37 million on February 1, it signaled the latest in a long run of continued investor interest in the medical office property segment....
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Houston CBD Tops Nation in Office Rent Growth
Feb 14, 2008
Office rent in downtown Houston increased 52.4% year-over-year in 2007 – the greatest gain of any central business district in the nation, according to Colliers International....
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Office Fallout in Orange County
Feb 1, 2008
The ill winds of the housing market are having far-reaching effects on commercial real estate in Southern California, where some economists predict home...
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New York Office Strong - For Now
Jan 16, 2008
Although New York office market rents are going strong, industry watchers are looking at scenarios that could take the market down. As mixed economic data comes in...
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New York Office Market Defies Odds
Jan 10, 2008
In yet another sign that America's largest office market is a world unto itself, the amount of office space available for lease in Manhattan's mammoth 390.6 million sq. ft. market has hit a seven-year low, while office rents have peaked to record highs....
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London Takes "Priciest Office Market" Crown
Jan 10, 2008
After several years of holding the title "world's highest office rents,' Hong Kong's position was usurped by London in 2007, according to the new 2008 Global Market Report from real estate services firm NAI Global...
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DC Office Vacancies on the Rise
Jan 2, 2008
Thanks to some 21 million sq. ft. of new office construction underway, the Washington, D.C. market will see higher vacancies in the months ahead, according to a newly released ...
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Merrill Says - REITs Better Than '07?
Jan 2, 2008
After a decidedly up and down 2007, executives with many of the nation's real estate investment trusts (REITs) may breathe a sigh of relief when 2008 draws to a close...
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Riverside's New Image: Growing Office Hub
Jan 1, 2008
Once famous for producing navel oranges and starter homes, Riverside, Calif. is the latest suburb to fall inside the restlessly expanding boundaries of...
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Commercial Real Estate Prices Decline
Dec 26, 2007
Several market benchmarks corroborate fears that a five-year run of escalating prices for commercial real estate ended in August for all but a handful of U.S. markets...
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Manhattan Tower Sells for $1 Billion
Dec 26, 2007
A joint venture of Silverstein Properties and the California State Teachers' Retirement System (CalSTRS) have paid more than $1 billion for a Manhattan office building...
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Beverly Hills Project Sells Below 1% Cap Rate
Dec 26, 2007
Real estate investment firm New Pacific Realty Corp. has purchased a Beverly Hills, Calif. office and retail property for $10.35 million - more than $1,016 per sq. ft. ...
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St. Louis on the Rebound
Dec 19, 2007
According to a new report from Marcus & Millichap Real Estate Investment Services, the St. Louis office market is well into recovery mode, thanks to steady job growth and restrained new office construction...
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Mid-Atlantic Portfolio Fetches $540 Million
Dec 5, 2007
A large portfolio of retail and office properties located in North Carolina has fetched $540.8 million. Last week, a joint venture between CBL & Associates Properties (NYSE: CBL) and the Teachers' Retirement Syste...
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Rebound for Rust Belt City
Dec 1, 2007
As Cleveland struggles with a litany of economic problems ranging from the loss of manufacturing jobs to a high home foreclosure rate, it is rebounding...
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Office Rally Running Out of Gas
Dec 1, 2007
Office landlords have enjoyed falling vacancies and rising rents during the past three years. But the sector's underlying property fundamentals are likely...
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