Parke Chapman

Despite job losses and the effects of 9/11, investor demand for multifamily and office properties in New York City remains strong. And that isn’t about to change. A new report from Marcus & Millichap cites...

After sitting on the market for four months, the Blackstone Group has sold the Aon Center in Chicago for roughly $475 million, or $190 per sq. ft. Atlanta-based Wells Real Estate, an active buyer in 2002, has agreed...

The Enron fiasco continues to plague a stressed national office market. Chicago-based office REIT Prime Group Realty Trust has terminated anchor tenant Andersen’s 579,980 sq. ft. lease at Chicago’s 33 W.Monroe St. for...

Tishman-Speyer is putting its 727,000 sq. ft. Market Center office building on the market after defaulting on its loan. The loan default marks the first distressed sale of a property in the San Francisco market, where...

A weak office and apartment market is having a pronounced effect on the nation’s bellwether REITs. Equity Office Properties Trust and Equity Residential, two of the biggest publicly traded office and apartment REITs...

Insignia Financial Group (parent company of brokerage Insignia/ESG) has issued a statement today acknowledging that it has held merger discussions with CB Richard Ellis. However, the statement emphasized that there is...

Apartment rents in the greater Los Angeles region are expected to rise by about 12%, based on a University of Southern California real estate economic forecast. With strong population growth and a relatively healthy...

Insignia Financial Group (parent company of brokerage Insignia/ESG) has issued a statement acknowledging that it has held merger discussions with CB Richard Ellis. However, the statement emphasized that there is "no...