Parke Chapman

The national apartment market posted a reasonably strong first quarter performance with positive absorption totaling 8,600 units, reports Manhattan-based real estate research firm Reis, Inc. Those 8,600 units of...

Sam Zell launched his storied real estate career in Michigan, flipping apartment buildings in the 1960s. Since then, Chicago-based Zell has bought and more recently sold scores of office buildings in secondary markets...

Leo Wells is one busy man. Last week, Wells—president and CEO of Atlanta-based Wells Real Estate Funds—officially sold off $786 million of the Wells REIT I office portfolio. The 27-property disposition marks a clearly...

A contentious Lower Manhattan tunnel project has been shelved after Goldman Sachs & Co. cried foul. The tunnel was originally slated to run alongside the World Trade Center memorial and Freedom Tower, allowing...

Is it the end of the tenants’ market in office leasing? That’s one takeaway from last week’s upbeat news that vacancies are down and, for the first time in four years, average rents are up...

Ripple effects from the aptly-titled “Goldilocks” economy (meaning not-so-hot, not-so-cold) are fueling a widespread fundamentals recovery in the real estate sector. It’s all but definite by now that every asset class...

When Tishman Speyer bought Manhattan’s MetLife Building for $1.72 billion last Friday, much of the attention centered on the staggering 10-digit price tag, which translates into more than $660 per sq. ft. That now...

John Minks is no stranger to jet lag. Over the past four months, he's visited Paris, Seoul, Moscow and Mexico City from his base in New York City. That's a 34,572-mile circuit, yet it covers only a fraction of his...