World Trade Center Rebuilding Lags
Seven years after the terrorist attacks of 9/11 obliterated more than 13 million sq. ft. of prime Manhattan office space, ambitious plans for rebuilding...
Can Sam Zell Maintain the Midas Touch?
Sam Zell doesn't like the role of office building landlord any better now that his newest acquisition, the Tribune Co. media conglomerate, is the prime...
REIT Seeks Western Office Opportunities
Pacific Office Properties Trust in partnership with institutional investors has closed a $40 million credit facility with KeyBank National Association....
Medical Office Holds Up in Troubling Times
Even as investors shy away from other property types, investment activity in medical office has held comparatively steady....
PREI Joint Venture Targets New York Office Investments
Prudential Real Estate Investors (PREI) has entered into a joint venture with L&L Holding Co. to acquire office properties in the New York City metropolitan area on behalf of institutional investors. ...
Pioneering Chicago Developer William Alter Dies at 78
William A. Alter, real estate developer and chairman and CEO of The Alter Group, died Aug. 8 at his home in Winnetka, Ill....
Las Vegas Rolls Snake Eyes
Like a craps player who tosses a winner with every roll of the dice, the Las Vegas economy had been on a long hot streak....
Report: Office Fundamentals Weaken in Second Quarter
The U.S. office vacancy rate climbed in the second quarter amid decreasing demand and new deliveries of space, according to research by Colliers International. ...
New York Rents Hold Steady Despite Financial Services Layoffs
Rents on Manhattan office space rose to $71.35 per sq. ft. as of midyear, compared with $63.47 per sq. ft. last June, despite financial services job losses of roughly 20,000, which have stifled demand and returned approximately 1.5 million sq. ft. of office space over the past year....
Macklowe Office Sales a Sign of Resurgence?
Credit crunch or not, major New York office buildings are still finding takers. The consensus among local real estate professionals is that the recent...
Developer Grabs Olympic Gold
Many cities today are balking at the notion of issuing public subsidies just to keep companies in their town. But don't tell that to the City of Colorado...
KBS REIT Acquires D.C. Complex for $152 Million
KBS Real Estate Investment Trust has purchased a three-building office complex in a suburb of Washington, D.C. for $152.75 million. The 487,775 sq. ft. property, Tysons Dulles Plaza, is in Tysons Corner in McLean, Va....
Real Estate Legend Ousted
In a surprise shakeup at Los Angeles-based Maguire Properties (NYSE: MPG), the company's board of directors abruptly ousted founder and Southern California...
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