Urban developers looking to assemble land parcels have a powerful new ally: the U.S. Supreme Court. With last week’s 5-4 decision in Kelo vs. City of New London, the Justices ruled that courts — particularly the...
Fitch Ratings is waving a red flag about the overheated condo conversion market. Last year, condo converters scooped up $13.3 billion of U.S. apartment properties, a whopping $10.3 billion increase over their 2003...
With the Department of Defense shutting down military bases across the nation, commercial real estate developers are investigating potential redevelopment sites. As many as 33 major bases will be closed while another...
With the business and leisure travel segments exhibiting concrete signs of improvement, the hotel capital markets are buzzing with deals. A slew of factors — among them a shallow supply pipeline and thinning inventory...
On Monday, industrial REIT ProLogis bought Catellus Development Corporation (also a REIT) for $3.6 billion in cash and stock. The merged company will become the nation’s largest industrial REIT in a move that further...
Investment bank Morgan Stanley will move 2,300 employees into lower Manhattan office tower One New York Plaza. That’s a significant increase for the firm, which employed only 400 workers in lower Manhattan as of early...
Despite pockets of speculative building, investors are clamoring to buy industrial properties. The dollar volume of recent deals—with roughly $9 billion worth of industrial properties sold for the year through the end...
Sam Zell launched his storied real estate career in Ann Arbor, Mich., flipping apartment buildings in the 1960s. Since then, Chicago-based Zell has bought and sold scores of office buildings...
Given the accounting scandals at both Fannie Mae and Freddie Mac, it's no great shock that the two companies are bracing for increased regulatory oversight. In fact, both government-sponsored enterprises (GSEs) have...
Commercial real estate is swimming in data, thanks chiefly to the decade-long rise of public REITs and the growth of the commercial mortgage-backed securities (CMBS) markets. As a result, legions of analysts and data...
