As Oil Prices Sink Houston Girds for a Siege
In Houston, as the nation struggles with job cuts and scarce credit, two sleek office buildings are galloping skyward toward completion...
Economy and Layoffs Cement Tenant’s Market
The era of rapidly rising office rents that dominated the booming property markets in 2006 and 2007 has reversed course, giving tenants the upper hand at the bargaining table. ...
San Diego's Rx for Malaise
The recession has dealt San Diego a tough hand. Most of the cards, including the office market, multifamily, lower-end industrial and hospitality, are...
Déjà vu: The New York Office Market Feels Like 2001 All Over Again
Not since 2001 has the New York office market been in such bad shape. Taking into account all categories of office space, just over 19 million sq. ft. was leased at the end of 2008, on par with the 18.9 million sq. ft. of space leased seven years ago. ...
Philadelphia Keeps on Building
Hill International Real Estate Partners' president Garrett Miller breathed a heavy sigh of relief as the Philadelphia City Council approved his request...
Life-Saving Industry Takes a Bow
From the shadow of Boston's celebrated biotech industry, a lesser known sibling is emerging the powerful medical device industry, which generates annual...
Staying One Step Ahead of Distress
Fissures are appearing in the office market and may grow to yawning chasms in 2009 as layoffs accelerate. But the pain could deliver a long-awaited silver...
Medical Office Sector Bucks The Cycle
While office building transactions have plummeted in recent months, one bright spot is the medical office market, where sales typically range from $10...
Buyer-seller standoff: Who will blink first?
The deep freeze in the property sales market is likely to thaw in 2009. Declining real estate fundamentals are pressuring sellers while pent-up demand...
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. ...
SL Green Gives New York Office Market Thumbs Up
SL Green, a leading New York-based office real estate investment trust (REIT), has not yet seen much impact from the downturn in the financial services sector in its third quarter earnings. ...
Financial Contagion Forces Office Vacancies Higher Nationwide
Financial distress and Wall Street layoffs have become a seemingly cyclical occurrence, but this time around the chilly winds blowing across Manhattan’s financial sector are causing the rest of the country’s economy to sneeze....
Philadelphia Office Building Sells for $73 Million
KBS Real Estate Investment Trust I, a non-listed real estate investment trust, has acquired a 223,736 sq. ft. Philadelphia office building for $73 million, more than $325 per sq. ft. ...
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