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KBS REIT Acquires D.C. Complex for $152 Million
Jun 12, 2008
KBS Real Estate Investment Trust has purchased a three-building office complex in a suburb of Washington, D.C. for $152.75 million. The 487,775 sq. ft. property, Tysons Dulles Plaza, is in Tysons Corner in McLean, Va....
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Real Estate Legend Ousted
Jun 1, 2008
In a surprise shakeup at Los Angeles-based Maguire Properties (NYSE: MPG), the company's board of directors abruptly ousted founder and Southern California...
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The Biotech Equation
Jun 1, 2008
As frozen debt markets and economic worries stifle commercial real estate investment activity, developers are beginning to decode the secrets of the maturing $90 billion biotech industry, where research space can generate returns reaching 12% or more....
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Office Joint Venture to Invest $750 Million
May 21, 2008
Parkway Properties has formed a $750 million office fund with the Teacher Retirement System of Texas (TRS) to acquire office properties in the United States. ...
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Tearing Up Peachtree
May 1, 2008
A comedy duo that played in Atlanta in the late 1940s, the Merry Mutes, featured a young Dick Van Dyke, who sang a song that hit a local nerve: They're...
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Report: Manhattan Office Rents Rise As Leasing Slows
Apr 8, 2008
The bigger they come, the harder they fall is an expression that clearly does not apply to New York, according to Cushman & Wakefield’s first-quarter report on the commercial real estate market in Manhattan....
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High Drama in New York Office Market
Apr 1, 2008
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...
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Office Pipeline Opens in Midwest
Mar 25, 2008
Several recent announcements of new office building starts in Texas and Oklahoma point to developers’ renewed faith in the growth of key leasing markets come 2010-2012....
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What Fire Sale?
Mar 25, 2008
While the nation’s credit markets and economy might appear to be in a freefall, sellers of office properties continue to toe the line on pricing, stubbornly refusing to give up record-high valuations gained over the past three years....
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Medical Office Catches Fever
Feb 20, 2008
When Santa Ana, Calif.-based Grubb & Ellis Healthcare REIT purchased a portfolio of five medical office buildings in Florida and Kansas for nearly $37 million on February 1, it signaled the latest in a long run of continued investor interest in the medical office property segment....
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Houston CBD Tops Nation in Office Rent Growth
Feb 14, 2008
Office rent in downtown Houston increased 52.4% year-over-year in 2007 – the greatest gain of any central business district in the nation, according to Colliers International....
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Office Fallout in Orange County
Feb 1, 2008
The ill winds of the housing market are having far-reaching effects on commercial real estate in Southern California, where some economists predict home...
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New York Office Strong - For Now
Jan 16, 2008
Although New York office market rents are going strong, industry watchers are looking at scenarios that could take the market down. As mixed economic data comes in...
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New York Office Market Defies Odds
Jan 10, 2008
In yet another sign that America's largest office market is a world unto itself, the amount of office space available for lease in Manhattan's mammoth 390.6 million sq. ft. market has hit a seven-year low, while office rents have peaked to record highs....
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London Takes "Priciest Office Market" Crown
Jan 10, 2008
After several years of holding the title "world's highest office rents,' Hong Kong's position was usurped by London in 2007, according to the new 2008 Global Market Report from real estate services firm NAI Global...
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DC Office Vacancies on the Rise
Jan 2, 2008
Thanks to some 21 million sq. ft. of new office construction underway, the Washington, D.C. market will see higher vacancies in the months ahead, according to a newly released ...
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Merrill Says - REITs Better Than '07?
Jan 2, 2008
After a decidedly up and down 2007, executives with many of the nation's real estate investment trusts (REITs) may breathe a sigh of relief when 2008 draws to a close...
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Riverside's New Image: Growing Office Hub
Jan 1, 2008
Once famous for producing navel oranges and starter homes, Riverside, Calif. is the latest suburb to fall inside the restlessly expanding boundaries of...
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Commercial Real Estate Prices Decline
Dec 26, 2007
Several market benchmarks corroborate fears that a five-year run of escalating prices for commercial real estate ended in August for all but a handful of U.S. markets...
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Manhattan Tower Sells for $1 Billion
Dec 26, 2007
A joint venture of Silverstein Properties and the California State Teachers' Retirement System (CalSTRS) have paid more than $1 billion for a Manhattan office building...
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