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...
During the days and weeks immediately following the 9/11 attacks, scores of downtown residents fled their homes. In Battery Park City, the 90-acre residential complex due west of Ground Zero, many apartments were...
The office property at 156 William Street in lower Manhattan has sold to a Swiss Pension Fund for $40.75 million. The 12-story, 217,650 sq. ft. building is located near City Hall. The seller was C & K Properties...
Condo conversions are hot, but nowhere are they hotter than on south Florida’s east coast. Over the past 19 months alone, developers have converted 31,000 south Florida apartments into condos. And that pales next to...
What could become the world’s largest REIT IPO was finally approved this week, clearing the way for the Hong Kong Housing Authority to float it’s $3 billion retail offering. Wednesday’s court judgment put an eight...
Ripple effects from the July 7 bombings in London can only help bolster the case for renewing government-backed terrorism insurance in the United States, sources tell NREI. Momentum to renew TRIA (short for the...
June saw a significant drop-off in commercial mortgage-backed securities (CMBS) delinquencies with multifamily loans having a measurable effect on the decline. U.S. CMBS delinquencies fell to 1.10% at the end of June...
Last year, condo converters bought $13.3 billion worth of U.S. apartment properties in a whopping $10.3 billion increase over their 2003 take. That's a 350% year-over-year jump driven by low interest rates and soaring...
With the Department of Defense on course to close 33 domestic military bases and realign 30 others, real estate developers are identifying sites for potential redevelopment opportunities. The shuttered bases will save...
The hot investment sales market for commercial real estate has proven to be a windfall for sellers and brokers alike. More than $170 billion in U.S. commercial properties changed hands in 2004, up from $120 billion in...
