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...
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 entities (GSEs) have...
Signs of an office leasing uptick are increasing. In April came the news that first quarter average asking rents had risen on a national basis for the first time since 2002. And vacancy rates continued to fall—to...
General Electric Co. (GE) has sold its self-storage business for $2.3 billion in cash. If the Storage USA sale is consummated, it would represent the largest self-storage acquisition to date...
For those sniffing out possible troubles ahead for commercial real estate, add this one: The huge growth in interest-only (IO) loans over the past three years. As of January 1, 55.8% of all fixed-rate conduit loans...
Rising interest rates and high valuations are driving REIT equity prices down. What remains to be seen is how the credit profiles of REIT bonds will hold up...
In December, SL Green sold One Park Avenue for $318 million, fetching $84.5 million on a Manhattan property it held for just 39 months. Four months later, the same dynamic worked against the Manhattan-based office...
Office landlords got some welcome relief in the first quarter, when average rents nationally rose by 0.7% to hit $20.25 per sq. ft., up from $20.11 per sq. ft. at the end of 2004, according to data research firm Reis...
Colorado developers are eagerly awaiting a $4.7 billion rail expansion that will close the gap between suburban Denver and the city. Nearly 120 miles of railroad track will be built between the Mile High City and...
This may be the best time to own a stabilized U.S. hotel property in five years. Fundamentals are improving fast, low interest rates continue to buoy the sales market and summer--that operational windfall--is only...
