It’s being billed as the largest diversified REIT composed of single-tenant leased properties—yesterday’s $1.9 billion merger of Lexington Corporate Properties Trust (LXP) and Newkirk Realty Trust (NKT). Lexington...
How’s this for summer heat: Manhattan’s largest apartment complex has officially hit the market. It could blow earlier deals out of the water, potentially fetching nearly $4 billion, industry sources estimate...
A growing number of Class-A office owners in big cities like Dallas and Manhattan are using digital signage to spiff up their lobbies, improve service for tenants and visitors and, in some cases, to create revenue...
The scorching market for Class-A Manhattan office buildings just keeps getting hotter. Not only did the dollar volume of deals through midyear exceed those closed in the first half of 2005 ($8.4 billion versus just $6...
Earlier this year, market watchers speculated that rising interest rates would throw a wet blanket on the property-flipping party that has been raging in the office sector. The assumption was that higher financing...
Where many see rusting beams and potholes, some investors see the next frontier for real estate investing. With the prices of conventional real estate hovering near cyclical highs, there is a growing interest by...
For privately held RLJ Development, the move to acquire 100 hotels from White Lodging Corp. for approximately $1.7 billion marks a strategic shift. Instead of targeting full-service hotels in large urban markets, an...
One month into hurricane season, commercial property owners along the Gulf and Florida coasts are coming to grips with the jaw-dropping costs of insuring against future hurricanes...
The groundswell in sales and leasing transactions that bolstered the nation's top brokerages in 2005 shows no sign of weakening. In fact, many bullish observers now expect 2006 to shatter last year's record...
The country that invented the iPod is struggling to transfer that knack for high-tech innovation into commercial building design. From Shanghai’s colossal World Financial Center to the world’s largest commercial...
