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Parke Chapman

Parke’s Recent activity

Revenues drop sharply for health care REIT
Apr 23, 2003
Scandals in the health care sector and a shaky real estate market have taken a toll on one of the nation’s largest health care REITs. Health Care Property Investors (HCP) expects a revenue decline of $350,000 a month ...
New leases chip away at lower Manhattan’s vacancies
Apr 16, 2003
More than 600,000 sq. ft. of office space in lower Manhattan was leased this week, pushing the downtown market’s vacancy rate below 13% for the first time in a year. Two large leasing deals were responsible for the...
TRIA coverage prompts upgrade for CMBS deals
Apr 14, 2003
Last fall, Moody’s downgraded 11 single asset and large loan CMBS transactions due to their lack of terrorism insurance coverage. Since the Terrorism Risk Insurance Act of 2002 was signed into law last November, many...
Moody’s places Post under review for downgrade
Apr 08, 2003
Internal feuding at Post Properties has led Moody’s Investors Service to place the Atlanta-based apartment REIT under review for downgrade. The review was prompted by Post founder and majority shareholder John...
Lower Manhattan vacancies declined in March
Apr 02, 2003
For the first time in months, downtown New York City posted positive absorption of office space. A report from Cushman & Wakefield shows that downtown office vacancy fell from 13.7% at the end of February to 13.3%...
A Supply Glut In the Office Sector
Apr 01, 2003
Over the past two years, as office markets softened, industry pundits predicted that things would not get as bad as they did in the last recession because this time the market was not overbuilt...
Bargain Hunters Keep Outlet Malls Humming
Apr 01, 2003
Despite a 1.6% drop in retail sales in February — the biggest monthly plunge since November 2001 — business is thriving at outlet centers. Chelsea Property Group and Tanger Factory Outlet Centers, two dominant real...
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