High Job Losses To Sink Demand for Commercial Space
Landlords across property types are in for a nasty decline in tenant demand for space, thanks to an accelerating employment drop, researchers say. U.S. non-farm payrolls shrank by 533,000 jobs in November, the Labor Department reported on Dec. 5....
High Stakes For ING Clarion In Miami Mixed-Use Project
When Mehmet Bayraktar, chairman and CEO of Flagstone Property Group, pushed his shovel into the earth to break ground on his $640 million Island Gardens project in Miami this October, it marked the culmination of seven long years of preparation....
Delinquencies Tick Up On Construction Loans
The faltering economy has led to a spike in construction loan delinquencies, and the problem could deepen in the near term. ...
Green Building Industry Wrestles with Recession
Developers attempting to launch sustainable-design projects and landlords who wish to complete energy-efficient property upgrades in the coming year face looming challenges that range from tight credit to slower returns on investment, experts say....
Wants vs. Needs Shape Retail Outlook
To adulterate a Rolling Stones lyric, consumers can’t always get what they want, but they just might buy what they need. ...
Private Chicago Developer Boosts Profits With Public Program
As the government becomes the corporate lender of last resort, one company figured out long ago that a partnership with the state isn't necessarily a bad deal. ...
Medical Office Sector Bucks The Cycle
While office building transactions have fallen off a cliff in recent months, one bright spot many industry analysts point to is the medical office building market, where sales typically range from $10 million to $30 million....
Commercial and Multifamily Lending Activity Contracts 53%
Mortgage bankers’ originations of commercial and multifamily mortgage loans dropped a whopping 53% in the third quarter compared with the same period of 2007, the Mortgage Bankers Association reports. ...
Dubai’s Building Technology Wows Conference Attendees
The world’s tallest building, the $20 billion Burj Dubai, is taking shape in the desert of Dubai amid a rising collection of structures that form an engineer’s dream. ...
Viacom Signs Extended Lease in Manhattan
Viacom, the global entertainment content company, has renewed and extended a lease on its 1.3 million sq. ft. headquarters at 1515 Broadway in New York’s Times Square. ...
Inertia of Buyers and Sellers to End in 2009, Predicts Grubb & Ellis
An end is in sight for the depressed investment sales market, a healthy sign in an otherwise increasingly unhealthy commercial real estate industry, according to brokerage firm Grubb & Ellis. ...
Trouble Builds in Hotel Construction
Developers are adding to the global supply of hotel rooms at an astonishing pace even as per-room revenue and occupancy rates decline for most of the world. ...
Oklahoma Multifamily Portfolio Sells for $132 Million
Inland Real Estate Acquisitions has purchased a portfolio of 1,325 apartments in four complexes in and around Oklahoma City for $132.1 million...
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