In 2007, a 975-ft. tall office tower will take center stage as Philadelphia's tallest skyscraper. Malvern, Pa.-based Liberty Property Trust is developing the $465 million Comcast Center in the heart of Philadelphia...
In its second ownership change in eight months, London’s Savoy Hotel has been sold to the world’s fourth richest man. Saudi billionaire Prince Alwaleed bin Talal teamed up with British hotel firm HBOS to buy the...
The hottest sellers market in recent history is apparently too much for the nation’s most prolific office buyer to resist. Wells Real Estate Funds—sponsor of Wells REIT I and II—is considering the sale of roughly 20%...
The REIT revolution continues to spread around the globe. Recent proof: the initial public offering (IPO) of The Link REIT, a portfolio of 2.85 million sq. ft. of ground-floor retail space and 59,000 commercial...
In December, World Trade Center leaseholder Larry Silverstein claimed his first legal victory after 38 months of sparring with insurers over whether or not 9/11 was one or two occurrences. The jury's decision that the...
With one week left until it hits the market, the world’s largest real estate investment trust (REIT) is fueling strong demand in Hong Kong. The REIT—which plans to go public on the Hong Kong exchange on December 16...
Multifamily investment sales brokerage Apartment Realty Advisors (ARA) has forged a strategic partnership with a major West Coast real estate services firm. Burnham Real Estate, one of Southern California’s largest...
Mack-Cali Realty Corp., an office REIT with 29.2 million sq. ft. of properties chiefly located in the Northeast, has sold two Texas office properties for a total of $39.1 million. The two towers encompass 554,330 sq...
A 104-year-old property trust is making quite a splash in investment circles. The Hawaii-based estate of James Campbell, which owns a diversified portfolio of 59 commercial properties around the nation, will become a ...
Economists and commercial real estate experts largely agree that U.S. job growth year-to-date can best be described as disappointing. Although non-farm payrolls increased by 337,000 in October — a portion of which...
