ORLANDO -- CMBS default rates will decrease slightly in 2004 due to improved economic news, according to a new report released by Banc of America during the Mortgage Bankers Association’s Commercial Real Estate...
Internet hotel bookings are expected to double its share of total lodging demand through 2005, reports PricewaterhouseCoopers. Hotel bookings made on the Web are expected to increase from 13% in 2003 to 24% in 2005...
The sublease overhang that's been plaguing the national office market for nearly two years is finally showing signs of shrinking. Roughly 30 million sq. ft. of vacant sublease space was absorbed in 2003, leaving a...
When Hines opened its first Moscow office in 1992, the company behind many of the world's finest modern office buildings operated out of a construction trailer. “It was definitely roughing it,” recalls Lee Timmins...
Office and multifamily CMBS delinquencies continued to climb during the fourth quarter of 2003, reports Fitch Ratings. In fact, total delinquencies increased by $179 million over the third quarter of 2003...
Office and multifamily CMBS delinquencies continued to climb during the fourth quarter of 2003, reports Fitch Ratings. In fact, total delinquencies increased by $179 million over the third quarter of 2003...
Occupancy rates improved in the U.S lodging industry last year, despite a small decline in average room rate. Smith Travel Research reports that average industry occupancy was 59.2% in 2003, which represented a 0.2%...
Great Lakes Real Estate Investment Trust is selling its office properties to an affiliate of Transwestern Investment Co. LLC. Great Lakes also has agreed to sell its medical office building portfolio to LaSalle...
A joint venture between Voit Development Co. and the Selleck Development Group has purchased a 26-acre site in Panorama City, Calif., from General Motors. The acquisition will allow the joint venture to expand its...
PricewaterhouseCoopers has signed a long-term sublease for 800,000 sq. ft. at Brookfield Properties’ 300 Madison Avenue building. The $800 million deal is believed to be one of Manhattan’s largest leasing transactions...
