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Property



Enron Relocates To New Space 
Oct 29, 2003
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 
Oct 28, 2003
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 
Oct 22, 2003
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 
Oct 20, 2003
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 
Oct 2, 2003
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 
Oct 1, 2003
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 
Oct 1, 2003
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 
Oct 1, 2003
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...

Tenants' Power Play 
Oct 1, 2003
These are trying times for office landlords. While several economic indicators suggest that a recovery is taking shape Gross Domestic Product growth is...

Mack-Cali Sells New Jersey Office Building for $194 Million 
Sep 30, 2003
The Mack-Cali Realty Corp. has sold its Harborside Financial Center Plaza 10 building for $194 million. The 577,575 sq. ft. Class-A office tower is located...

Macklowe Buys GM Building For a Record $1.4 Billion 
Sep 26, 2003
New York City developer Harry Macklowe now owns the General Motors Building after paying Conseco Inc. a record $1.4 billion for the 50-story midtown Manhattan...

Office REIT Stung By Competitive Manhattan Market 
Sep 23, 2003
A decision last week by law firm Cadwalader, Wickersham & Taft to lease 450,000 sq. ft. at One World Financial Center was terrific news for lower Manhattan...

Giant Lease Signed In Downtown Manhattan 
Sep 19, 2003
Law firm Cadwalader, Wickersham and Taft LLP has agreed in principle to sign a 20-year lease for 450,000 sq. ft. of office space at lower Manhattan’s...

Eastern New York Office Complex Trades For $200 Million 
Sep 9, 2003
EAB Plaza, a major Long Island office property, has sold for roughly $200 million. Galaxy LI Associates, a joint venture between New York-based real estate...

Former World Trade Center Tenant Returns to Downtown Manhattan 
Sep 2, 2003
Almost two years to the day after its offices in 2 World Trade Center were destroyed by the terrorist attacks of Sept. 11, 2001, law firm Thacher Proffitt...

ALTER TO BUILD $400M PROJECT ON NATIVE AMERICAN LAND 
Sep 1, 2003
Developers are hoping that a planned $400 million mixed-use development on Native American land near Phoenix, Ariz., will spur employment opportunities...

In Progress: 4500 Wisconsin Avenue 
Sep 1, 2003
DEVELOPER: Roadside DevelopmentLOCATION: Washington, D.C.ARCHITECT: Shalom Baranes AssociatesSIZE: 208 residential units, approximately 90,000 sq. ft....

Office Oasis in the California Desert 
Sep 1, 2003
Office investment sales in the vast desert east of Los Angeles known as the Inland Empire are heating up. In late July, a Temecula, Calif.-based investor,...

Diversifying During the Downturn 
Sep 1, 2003
With the office and industrial sectors mired in a slump, real estate executive Larry Pobuda has advice for owners and developers: diversify your portfolios....

Griffin Plans $20M Tower in Atlanta 
Aug 20, 2003
The Griffin Co. is planning an 11-story, Class-A office condo building in the heart of Atlanta. The 1.6-acre tract was acquired in May from CLC Enterprises...

Offshore Fund Buys Heavy Stake In Manhattan Office Building 
Aug 20, 2003
Australian ING Office Fund has acquired a 49% interest in 900 Third Avenue, a 36-floor Manhattan office tower. For $163 million, ING acquired the stake,...

Manhattan Office Tower Sells For Nearly $300M 
Aug 7, 2003
Vornado Realty Trust has sold 2 Park Avenue, a 965,000 sq. ft. office building in midtown Manhattan, for $292 million. The buyer was German real estate...

Lenders and Landlords Still Battling Over Terror Insurance 
Aug 1, 2003
Score one for landlords. A New York appellate court has struck down a move by lenders who use the threat of default to force owners to purchase additional...

Legal Aid for the Office Market 
Aug 1, 2003
Law firms in Washington D.C. and New York City are gobbling up Class-A office space at bargain basement prices, bringing some much-needed demand to a...

Mixed Results for Mixed-Use 
Aug 1, 2003
Changing demographics, punctuated by a sharp rise in the number of empty-nesters and Generation Xers keen on urban living, have led to a growing enthusiasm...

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