Even as the commercial real estate industry faces one of its worst years in recent times, industry executives are hopeful that the Obama administration’s stimulus efforts could improve the situation later in the year...
Ashkenazy Acquisition Corp., a New York-based private real estate investor, has acquired the Northland Center, a 1.7 million sq. ft. enclosed mall in Southfield, Mich., for about $31 million...
In a hint of what lies ahead for 2009, Fitch Ratings reports that the monies held in reserve to cover debt servicing on Stuyvesant Town/Peter Cooper Village, a massive New York multifamily property, have decreased to...
Conditions in the apartment sector continued to be less than favorable, according to the January survey of multifamily industry executives by the National Multi Housing Council (NMHC) based in Washington, D.C...
Although the current commercial real estate cycle has seen relative supply restraint compared with previous cycles, that won’t be enough to bail the industry out of a deep recession, which is causing demand to fall...
Delinquencies on commercial mortgage-backed securities (CMBS) tracked by Fitch Ratings increased to 0.88% for December, up from 0.64% for November, largely because of defaults on bigger loans...
A dramatic change in consumer spending emerged in 2008. U.S retail sales for the year, not including restaurant food sales, were down 0.9% from more than $4.053 trillion in 2007. Indeed, consumers felt less wealthy as...
This year is shaping up to be one of the most challenging years for the New York City office market in more than 20 years, according to Robert Alexander, CB Richard Ellis chairman for the New York Tri-State Region...
James Brennan, a former vice president with Wachovia Exchange Services, has launched ES Group, a Reston, Va.-based intermediary in the 1031 exchange arena. In a 1031 exchange, a seller of commercial real estate avoids...
