Wells Real Estate Investment Trust has been busy this week. The unlisted office and industrial REIT spent over $245 million to buy two office buildings, including a 410,000 sq. ft. New Jersey office building and a 929...
These are edgy times for commercial real estate brokerages. Office leasing volume is flat-lining, top brokers are switching firms and mergers are creating a new breed of mega-brokerages. Yet, even as these national...
Betting that the travel slowdown will soon pass, some brave owners and operators of branded hotels are sprucing up their properties. That means converting lobbies, redoing rooms, adding new signage and shelling out...
The national apartment market had a lackluster first quarter, but one positive trend did emerge: The number of residents leaving apartments to buy homes is on the decline...
Hilton Hotels Corp.’s profit in the first quarter of 2003 plunged 74% from one year earlier as the sluggish economy and Operation Iraqi Freedom limited travel demand...
After the World Health Organization (WHO) this week advised travelers to avoid Toronto over the SARS epidemic, CoreNet Global — an Atlanta-based trade group of corporate real estate executives — cancelled its five-day...
The corporate debt markets last year weathered the worst credit conditions in a decade, reports Fitch Ratings. A three-pronged storm was to blame as weak corporate profitability, heavy debt burdens and headline...
The U.S lodging industry posted a 1.1% occupancy drop during the first quarter of 2003 vs. the first quarter of 2002. Meanwhile, the average room rate dropped 0.5% to $84.72 as RevPAR decreased 1.6% to $46.35, reports...
Jones Lang LaSalle has won the combined leasing and management assignment for the 989,000 million sq. ft. Lincoln Mall in Matteson, Ill. Dallas-based Realty America Group recently purchased the mall...
Factory outlet center, mall and retail strip center REITs led the sector during the first quarter of 2003, reports Bear Stearns. On the flip side, hotels and multifamily REITs saw a decline during the same period...
