It is not likely that the ripple effects from Hurricane Katrina will cripple the U.S. commercial mortgage backed securities (CMBS) market. Two other factors — mold infestation and higher energy prices — are likely to...
The frenzied pace at which developers are converting apartments into condominiums is having a decidedly positive effect on apartment fundamentals in the short term, leading to lower vacancy rates and higher monthly...
Jack McCabe has a sure-fire way to make a killing in Florida real estate. No, he's not joining the throng of speculators in downtown Miami who are snapping up blocks of condominiums in hopes of flipping the properties...
Wells Real Estate Funds is shifting gears. After building its reputation as one of the nation's most asset-hungry office buyers, the Atlanta-based sponsor of unlisted REITs has sold off $760 million in assets so far...
Four U.S. cities cracked a list of the world’s top 50 priciest office markets, according to a new study by CB Richard Ellis. Topping the all-eastern seaboard lineup was Midtown Manhattan, which ranked 27th with...
A slew of factors, including steady job growth, condo conversions and exorbitant single-family home prices, are bolstering the national apartment market. Over the past two years, low interest rates have lured many...
Stronger than expected leasing activity helped Los Angeles-based real estate services firm CB Richard Ellis (NYSE: CBG) post a dramatic rise in net income during the second-quarter. Net income rose to $50.4 million...
Cash-strapped General Motors is selling Horsham, Penn.-based GMAC, the company’s commercial mortgage arm. Wednesday, a group of investors, led by private equity firm Kohlberg Kravis Roberts & Co. (KKR), began...
The U.S. office market is roaring back to life. The national vacancy rate for all classes of space registered 15.6% at the end of June, down from 16.4% in the previous quarter and the steepest quarterly decline in...
Ripple effects from the terrorist attacks in London last month have bolstered the case for extending government-backed terrorism insurance in the United States, say industry sources. With less than five months left...
