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Parke Chapman

Parke’s Recent activity

S&P Economist: You Call This A Recovery?
Jun 04, 2003
Standard & Poor Chief Economist David Wyss praised consumer spending during New York University’s Hospitality Investment Conference earlier this week. Speaking about the economic recovery ahead, Wyss commended...
NYU Lodging Conference: Hotel Industry Poised For Growth
Jun 04, 2003
The good news from New York University’s Lodging Industry Investment Conference, which convened in Manhattan earlier this week, is that the hospitality industry probably won’t get much worse. Occupancy will creep back...
More Hotel Distress Signals
Jun 01, 2003
Delinquencies on hotel loans are escalating as cash-strapped owners and managers grapple with an unyielding slump. With rising unemployment, tight reins on business travel and the SARS health scare, few are predicting...
All's Well in Unlisted REITs?
Jun 01, 2003
Investors are pouring funds into unlisted real estate investment trusts (REITs) at an unprecedented pace, fueling an acquisitions binge that shows no signs of decelerating. Wells Real Estate Funds, which sponsors an...
Can Vertical Retail Succeed in New York?
Jun 01, 2003
As Manhattan's 2.1 million sq. ft. AOL Time Warner Center nears completion, an odd thing has happened in the preleasing of the ambitious mixed-use project. While nearly all of its office space is rented and half of...
CB Richard Ellis, Insignia Unload $44M of Assets
May 30, 2003
Insignia Financial Group and CB Richard Ellis have sold $44 million worth of Insignia-owned real estate assets to a fund controlled by Insignia Financial chairman Andrew Farkas. Farkas founded Insignia Financial Group...
Chicago’s CBD Vacancies Decline, But Troubles Persist
May 27, 2003
Chicago’s CBD office vacancy declined by almost half a percentage point during the first quarter, according to a report from CB Richard Ellis. The Windy City’s CBD vacancy rate dropped from 12.9% at the end of 2002 to...
Palm Desert Retail Center Sold for $70 Million
May 27, 2003
A luxury shopping center in Palm Desert, Calif. —dubbed the "Rodeo Drive" of the Coachella Valley — has changed hands for $70 million. MadisonMarquette and El Paseo Properties Limited Partnership this week sold the...
Study: Compensation for REIT Board Members Up 25%
May 20, 2003
It pays to be a real estate investment trust (REIT) board member these days. REIT board member compensation has increased 25% over the last decade, according to a study by New Jersey-based real estate consultant...
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