Report: NYC apartment, office markets remain strong
Despite job losses and the effects of 9/11, investor demand for multifamily and office properties in New York City remains strong. And that isn’t about...
Chicago landmark trades for nearly $500M
After sitting on the market for four months, the Blackstone Group has sold the Aon Center in Chicago for roughly $475 million, or $190 per sq. ft. Atlanta-based Wells Real Estate, an active buyer in 2002, has agreed to purchase the 2.5 million sq. ft. tower located at 200 East Randolph St. in Chicago’s East Loop district. It is the third largest building in the U.S....
Report: NYC apartment, office markets remain strong
Despite job losses and the effects of 9/11, investor demand for multifamily and office properties in New York City remains strong. And that isn’t about...
JV buys Houston tower for $65M
Crescent Real Estate Equities Co. has partnered with an affiliate of GE Pension Trust to purchase 5 Post Oak Park, a 28-story, 567,000 sq. ft. office...
Tishman Speyer defaults on Market Center mortgage loan
Tishman-Speyer is putting its 727,000 sq. ft. Market Center office building on the market after defaulting on its loan. The loan default marks the first...
EOP/EQR Reports Fourth Quarter
A weak office and apartment market is having a pronounced effect on the nation’s bellwether REITs. Equity Office Properties Trust and Equity Residential,...
Anemic U.S. job market to stabilize in latter half of 2003, predicts economist
SAN DIEGO — The good news is that the U.S. economy grew at a modest 2.8% clip in 2002, up significantly from the paltry 0.1% growth in Gross Domestic...
MacFarlane, CalPers to acquire stake in AOL Time Warner Center
Manhattan’s newest landmark has two new partners. San Francisco-based real estate investment management firm MacFarlane Partners, in a joint venture with...
Too Big a Trophy?
The most expensive private-sector development in the nation is swiftly taking shape. Within months, the $1.7 billion AOL Time Warner Center will be open...
The Sublease Overhang: A 124 Million Sq. Ft. Headache
When will vacancy rates return to normal and asking rents stop falling? The answer very much depends on how quickly the office market can clear out a...
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