For decades, Manhattan's Financial District held zero cachet as a shopping destination. Its crooked street grid, which bears little in common with the uniform retail corridors of Madison Avenue and Fifth Avenue, didn...
Prepare for a much leaner and meaner commercial mortgage-backed securities market in 2008. Domestic CMBS issuance this year is expected to drop by more than 50% to $108 billion, down from a record $223.8 billion in...
Office landlords have enjoyed falling vacancies and rising rents during the past three years. But the sector's underlying property fundamentals are likely to weaken due to a softening U.S. economy and a wave of new...
Hotel investors will spend upwards of $45.3 billion this year, projects Jones Lang LaSalle Hotels, which would make 2007 the fourth straight year of record sales volume...
The impressive run-up in commercial real estate values may have finally run its course. This week, Moody’s Investors Service reports that U.S. commercial property values posted a 1.2% decline in September...
Mortgage REIT Gramercy Capital Corp. (NYSE: GKK) plans to acquire bank building owner American Financial Realty Trust (NYSE: AFR) for roughly $1.1 billion. The deal, which Gramercy announced on Monday, will...
Investors plunked down a record $17 billion to acquire Manhattan office properties in the first quarter. But as the credit downturn whipsawed demand for Manhattan skyscrapers, quarterly volume began to decline. Office...
Shares in multifamily real estate investment trusts (REITs) have taken a beating of late. Through Oct. 23, apartment REIT shares plunged by 11.9% due in large part to the subprime lending meltdown in the residential...
