REIT Sells Texas Office Building
Mack-Cali Realty Corp. has sold an office building in San Antonia, Texas, for $11 million. The 20-story, 248,000 sq. ft. Riverview Tower is 71.2% leased....
Owners Put Energies into Finding Alternative Power
In the wake of last summer's blackout in the Northeast, some landlords are refusing to be left in the dark again. They are turning to co-generation a...
Enron Relocates To New Space
Energy firm Enron has relocated to a new Houston office building. The company — which went bankrupt after it was found that executives and accountants...
Retail, Office Loan Delinquencies Rise in the Third Quarter
Retail loan delinquencies increased sharply between the end of the second and third quarters, reports Fitch Ratings. There were $175 million more retail...
Tryon Street Investors Buys Major North Carolina Property
Tryon Street Investors LLC has purchased a 33-story, Class-A office building in Charlotte, N.C., for an account managed by UBS Realty Investors. Jones...
NAIOP Conference: Economists Bullish on Economic Recovery
Both George Madison University economist Stephen Fuller and Susan Hudson-Wilson, founder and CEO of Property Portfolio Research, offered largely positive...
Healthcare REIT Acquires 6 Million Sq. Ft. Portfolio
Health Care Property Investors Inc. (HCP) has bought interests in 113 medical office properties from MedCap Properties LLC. The acquisition — spread over...
Office-Building Valuations Dip
With the recent spike in interest rates and continued slide in occupancies and rents, it's no wonder that office property valuations are taking a hit....
L.A.'S ARCO PLAZA GETS A FACELIFT
Thomas Properties Group is planning major changes at Arco Plaza in downtown Los Angeles. The developer plans to redevelop the public spaces of the 2.7...
High Tensions Over Portland High-Rise
One of the last options for Oregon's largest city to create the kind of vibrant environment enjoyed by residents of New York, Paris and other cities is...
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