Medical Office Catches Fever
When Santa Ana, Calif.-based Grubb & Ellis Healthcare REIT purchased a portfolio of five medical office buildings in Florida and Kansas for nearly $37 million on February 1, it signaled the latest in a long run of continued investor interest in the medical office property segment....
Houston CBD Tops Nation in Office Rent Growth
Office rent in downtown Houston increased 52.4% year-over-year in 2007 – the greatest gain of any central business district in the nation, according to Colliers International....
Office Fallout in Orange County
The ill winds of the housing market are having far-reaching effects on commercial real estate in Southern California, where some economists predict home...
New York Office Strong - For Now
Although New York office market rents are going strong, industry watchers are looking at scenarios that could take the market down. As mixed economic data comes in...
New York Office Market Defies Odds
In yet another sign that America's largest office market is a world unto itself, the amount of office space available for lease in Manhattan's mammoth 390.6 million sq. ft. market has hit a seven-year low, while office rents have peaked to record highs....
London Takes "Priciest Office Market" Crown
After several years of holding the title "world's highest office rents,' Hong Kong's position was usurped by London in 2007, according to the new 2008 Global Market Report from real estate services firm NAI Global...
DC Office Vacancies on the Rise
Thanks to some 21 million sq. ft. of new office construction underway, the Washington, D.C. market will see higher vacancies in the months ahead, according to a newly released ...
Merrill Says - REITs Better Than '07?
After a decidedly up and down 2007, executives with many of the nation's real estate investment trusts (REITs) may breathe a sigh of relief when 2008 draws to a close...
Wayne County Buys Detroit's Historic Guardian Building
Wayne County has made a historic move with the purchase of the landmark Guardian Building in downtown Detroit. The Wayne County Commission approved issuing...
Riverside's New Image: Growing Office Hub
Once famous for producing navel oranges and starter homes, Riverside, Calif. is the latest suburb to fall inside the restlessly expanding boundaries of...
Commercial Real Estate Prices Decline
Several market benchmarks corroborate fears that a five-year run of escalating prices for commercial real estate ended in August for all but a handful of U.S. markets...
Manhattan Tower Sells for $1 Billion
A joint venture of Silverstein Properties and the California State Teachers' Retirement System (CalSTRS) have paid more than $1 billion for a Manhattan office building...
Beverly Hills Project Sells Below 1% Cap Rate
Real estate investment firm New Pacific Realty Corp. has purchased a Beverly Hills, Calif. office and retail property for $10.35 million - more than $1,016 per sq. ft. ...
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