NEW YORK — The retail real estate industry faces a major challenge — meeting the needs of the burgeoning U.S. population, which is expected to grow from about 301 million today to an estimated 420 million by 2050...
NEW YORK - Despite the subprime mortgage crisis and national fears about recession, the shopping center industry remains sound, and holiday sales are expected to increase by 2.5% over 2006 sales, Michael Kercheval...
When the housing market falters, the apartment market typically benefits from higher demand. But that hasn't been the case in 2007. Gains in the multifamily sector have been offset by stiff competition from an...
As Cleveland struggles with a litany of economic problems ranging from the loss of manufacturing jobs to a high home foreclosure rate, it is rebounding with new projects centered on medical technology, especially...
While three governors wrangle over water amid the Southeast's worst drought in decades, commercial real estate firms are adopting measures more familiar to the nation's parched Southwest. Compounding the problem is a...
When Tom Shapiro, president of GoldenTree InSite Partners, a global real estate investment firm, boarded a 10 p.m. flight from New York City to Sao Paulo recently, he glanced around the cabin and was startled to...
What happens in Las Vegas may stay in Vegas, but what's happening in Detroit is no secret. The Motor City has unveiled the $800 million MGM Grand Detroit casino hotel, and it is counting on gaming and clients with a...
After posting stellar returns of nearly 30% in 2006, retail REITs have taken it on the chin. Total returns year-to-date through Oct. 24 were a negative 2.15%. But the good news is that the retail sector is somewhat...
It may seem a stretch to compare steamy New Orleans with often snowbound Ithaca, N.Y., but the similarities caught the attention of Matt Schwartz, principal of New York-based Domain Cos., which is building a $100...
Defying conventional wisdom that $100 per sq. ft. might be too steep for commercial office rents in the current real estate climate, the Bank of America Tower under construction in Manhattan is 98% leased up...
