Brokerage News
Beleaguered Watergate Hotel Draws an Offer, But Will the Deal Close?
After sitting vacant for two years, the famed Watergate Hotel on the bank of the Potomac River in Washington, D.C. is embarking on a new chapter in its storied life. It is once again for sale and has attracted a purchase agreement. The big question is: Will the deal go through? ...
Atlanta Brokerage Closes Deal on Tampa Apartment Complex
Apartment Realty Advisors (ARA), based in Atlanta, a privately held investment advisory brokerage focusing on multifamily housing, has brokered the $16 million sale of Lofton Place, a 280-unit complex in Tampa. ...
Northstar Buys $15.7 Million Warehouse Near Houston
Northstar Commercial Partners (NCP), a commercial real estate investment company, has purchased a state-of-the-art warehouse in Sugar Land, Texas for $15.7 million. ...
Market Doldrums Force Brokers to Hone Their Skills
The order takers have long vanished and so has the easy money. An epic slowdown in transaction volume and leasing is forcing commercial real estate brokers to work harder while earning less than in recent years, but market veterans say now is the time to prepare for the next growth cycle....
Brokerage Articles
Slow Market, Busy Brokers
An epic slowdown in property sales and leasing activity has forced commercial real estate brokers to work harder while earning less than in recent years,...
Lenders Forced Into Crisis Management
Debt providers forego new deals and extend loans with existing clients to minimize foreclosures...
Looking for Trouble
Commercial real estate brokerages are capitalizing on the one commodity that's in high supply: distress...
Car Dealership Closures Accelerate
While General Motors and Chrysler Corp. remain on financial life support and demand for cars and trucks wanes...
Retooling the Rainmakers
With office leasing and investment sales volume reaching new lows across the country, big brokerages are retraining idled dealmakers to become service...
Service Providers Capitalize on Distress
If counting the number of new programs announced in recent weeks by major brokerage firms to aid clients with distressed real estate is any indication,...
Brokerage Juggernaut in the Making?
No one could accuse FirstService Williams Commercial Real Estate CEO Mark Jaccom of being shy or subtle. In announcing the sale of a majority interest...
Revolving Door at Grubb & Ellis
When Scott Peters announced his resignation as CEO at Grubb & Ellis Co. in July, the sudden departure was the latest chapter in a long saga of management...
Derivatives Debut in Commercial Real Estate
With capitalization rates flattening in most markets, commercial real estate owners face the real possibility that their property values may drop for...
Fed Rate Cut May Accelerate Rising Construction Costs
The already high cost of commercial development will head higher in 2008 as a depressed dollar increases the price of fuel and materials...
