As the U.S. economy continues to shed jobs — 1.2 million in the first 10 months of this year — consumer spending is contracting and demand for industrial space is slipping. The national industrial vacancy rate hit 8.5...
Last summer New City Residence Investment Corp. appeared to be on sound footing. An owner of apartments in upscale neighborhoods of Tokyo, the Japanese real estate investment trust (REIT) had enough cash flow to cover...
Across the country, thousands of retailers have been forced to close their doors because of financial difficulties. But in New York City, American and international tourists still roam Manhattan's glamorous Fifth...
After insurance companies suffer big losses, they often sock customers with premium hikes. As Hurricane Ike approached Texas in September, insurance brokers feared the storm would jolt property owners around the...
With retail sales slowing, vacancy rates are climbing in the industrial warehouse sector. The volume of property sales also has dropped sharply and forced investors to rethink their strategies. Worried about the...
Even with corporate layoffs occurring at a brisk clip in New York's financial sector — some 57,075 job cuts have been announced since the start of 2007 through February 2008 — the proposed purchase of Wall Street...
