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Investments
Germany's Promising Discount Retail Market Lures Behringer Harvard
Oct 22, 2009
With the recession having taken a chunk out of consumers' pocketbooks
around the world, the retail real estate market has been struggling for
quite some time, and the situation is no different in Germany. However,
the discount retail sub-sector is thriving in the country, and
Dallas-based commercial real estate firm Behringer Harvard has
positioned itself to capitalize on related development opportunities
with the recent formation of Behringer Harvard German Retail, a joint
venture with Hanover, Germany-based real estate investment and
management company Rahlfs Immobilien GmbH.
Specialization Helps Close Deals
Oct 22, 2009
In most sports, coaches use specialists to deal with pressure situations. In football, for example, they will bring in a slash-type runner on offense to cross the goal line or a pass rusher on defense to sack the quarterback. These specialists have specific skills and in many cases prove to be the difference between victory and defeat. For those in real estate, and particularly with Stan Johnson Co., specialization is the maxim for those that want to succeed in these trying times and get deals closed, no matter what the size or complexity.
Fitch: CRE Losses to Increase into Next Year
Oct 22, 2009
Good news in the commercial real estate world seems to be in short
supply these days. In a study released earlier this week by Fitch
Ratings, they’re indicating that losses will increase this year and
next for the U.S. CMBS.
7 Come 2011
Oct 22, 2009
There have been hints for awhile that some of the most well-known titans in the industry were about to be dealt some major losses. Last week’s news was that the deal for Peter Cooper Village and Stuyvesant Town, Manhattan’s most high-profile apartment complex, appears to be moving toward default. According to the report in the Wall Street Journal, the equity investors and many of the lenders associated with this apartment complex, including several state pension funds, may well see most (if not all) of their investment gone.
Economy Watch: No Rush to Build More Houses
Oct 21, 2009
U.S. housing starts posted a gain in September, but only a modest one,pointing to a still-modest rate of recovery for the overall economy.According to the U.S. Department of Commerce, the rate of new homestarted inched upward by 0.5 percent during the month to a seasonally adjustedrate of about 590,000 units. Ever-optimistic economists, it seems, wereexpecting more.
Development
Organization Launches $4B Green Initiative for Affordable Housing
Oct 26, 2009
The green movement in commercial real estate has caught on like
wildfire and even with the recession having left most clutching their
pocketbooks, it continues to spread. Now Columbia, Md.-based Enterprise
Community Investment Inc. plans to take the trend to new heights with
the kicking off its $4 billion Green Communities initiative, which is
designed to propel the greening of affordable housing development
across the country.
Consumers Warm to Green Energy, But Questions Remain
Oct 21, 2009
Concerns about energy costs and the environment are driving consumer
behavior as they choose between a growing selection of green energy
initiatives, according to new research from Nielsen Claritas. “Energy
Trends: Highlights on Consumer Energy Usage,” which draws on the
responses of more than 32,000 respondents about their energy use, found
that while some consumers are adopting green habits, many have not been
as quick to jump onboard.
Economy Watch - Mortgage Reforms From Out West
Oct 14, 2009
California Gov. Arnold Schwarzenegger signed green legislation over the weekend, as covered by CPE
on Monday, but also nestled in the raft of bills that he signed were
major overhauls of the rules governing residential mortgages. The
thrust of the reforms was to help prevent some of the mortgage
origination abuses that were rampant in the mid-2000s, and which did
their part to inflate the housing bubble.
Economy Watch - California Incentivizes Green Rooftops
Oct 13, 2009
Gov. Arnold Schwarzenegger was busy over the weekend signing off on
policies that could have an impact on green real estate development.
Among other things, he signed a memorandum of understanding with U.S.
Secretary of the Interior Ken Salazar to expedite the siting of
California renewable energy projects, thus making California the first
state to do so. The memorandum commits the federal government to work
with California to review and approve renewable energy applications in the state.
Charleston Industrial Market Gets Boost with 1.1MSF BTS Deal
Oct 13, 2009
Given that the U.S. recession has left the retail market in shambles
and the global financial meltdown has hindered trade activity, demand
for distribution and warehouse facilities has taken a major hit, so the
big news out of Charleston's industrial market is something that is
heard of quite infrequently these days. Rockefeller Group Development
Corp. and MeadWestvaco Corp., developers of the 400-acre Rockefeller
Group Foreign Trade Zone/Charleston industrial park in Berkeley County,
S.C., have just landed a 1.1 million square-foot build-to-suit deal
with automotive replacement tires marketer TBC Corp.
Leasing
Manhattan Retail Hit Hard in '09, But Turnaround on Tap
Oct 20, 2009
It's been a rough year for retail, even in tony Manhattan. The
crumbling of Wall Street in the fourth-quarter of 2008 spurred the
downward spiral of the market and the recession just added salt to the
wound, according to a third quarter report by Marcus & Millichap
Real Estate Investment Services.
Jersey City Trumps Manhattan, Landing Big Fish with DTCC's 415,000SF Office Lease
Oct 14, 2009
New York's loss is New Jersey's gain, as the Depository Trust &
Clearing Corporation reveals plans to relocate 1,600 members of its
2,300-member staff to 415,000 square feet of space at the Newport
Office Center in Jersey City. It's not a total defeat for New York,
however; DTCC will keep its headquarters and its remaining 700
employees in Lower Manhattan.
Charleston Industrial Market Gets Boost with 1.1MSF BTS Deal
Oct 13, 2009
Given that the U.S. recession has left the retail market in shambles
and the global financial meltdown has hindered trade activity, demand
for distribution and warehouse facilities has taken a major hit, so the
big news out of Charleston's industrial market is something that is
heard of quite infrequently these days. Rockefeller Group Development
Corp. and MeadWestvaco Corp., developers of the 400-acre Rockefeller
Group Foreign Trade Zone/Charleston industrial park in Berkeley County,
S.C., have just landed a 1.1 million square-foot build-to-suit deal
with automotive replacement tires marketer TBC Corp.
Retail Vacancies Hit New Highs
Oct 09, 2009
Even as the economy shows signs of having turned a corner, serious
hurdles remain for the retail sector. And the latest figures from the
third quarter reveal that vacancy rates at U.S. malls and shopping
centers have risen to multi-year highs.
Property Management
Guardian Rolls Out Affordable Housing Advisory Division
Sep 30, 2009
Portland, Ore.-based management and investment firm Guardian Real
Estate Services is planning to roll out a new advisory division. The
company’s new unit will be headed by Brad Bullock, who will join
Guardian as senior vice president, advisory services.
$100M JV Eyes Student Housing Sector
Sep 18, 2009
In the midst of the industry-wide downturn, student housing has been
one of the few niches to remain largely healthy. Capitalizing on that,
Landmark Properties, Retreat Holdings and Chicago-based real estate
private equity firm Harrison Street Real Estate Capital have formed a
$100 million joint venture partnership to develop and manage new
student cottage communities throughout the country.
Software Expedites Energy Monitoring, Assessment and Reporting Process for CRE
Sep 10, 2009
Energy conservation, which can provide immediate and long-term savings, oftentimes at relatively low costs, has become a focal point in the widespread effort to achieve greater sustainability. That's where a new software program called BuildingAdvice comes in. a product of Portland,Ore.-based firm AirAdvice, the platform is a wireless building performance diagnostic system that monitors, assesses and produces reports on a building's energy performance.
Corporate Real Estate
Corporate RE Departments Reorganizing, Downsizing, Outsourcing
Oct 12, 2009
As companies continue to grapple with the industry-wide downturn, they
are increasingly looking to make their corporate real estate
departments operate as efficiently as possible, according to a new
report by CB Richard Ellis Inc. and CoreNet Global.
As Firms Move to Outsource Project Management, CBRE Inks Deal with Cisco
Oct 08, 2009
As companies work to streamline operating efficiencies and cut costs,
the outsourcing of services has become increasingly popular, and real
estate services are high on the priority list. In the latest high
profile outsourcing, CB Richard Ellis Inc. has agreed to a deal to
provide project management services for Cisco Systems.
For FirstService, Expansion via Investment
Oct 07, 2009
When an advisory firm is looking to expand its geographic presence,
that typically means it will either establish a new office, or partner
with—or buy out—a local firm. But FirstService Real Estate Advisors, a
subsidiary of FirstService Corp., has taken a different strategy in its
bid to expand its operations abroad.
CREW Awards 20 Women Under 40
Oct 02, 2009
The Commercial Real Estate (CREW) Network last night lauded 20 Under 40 women from throughout the commercial real estate industry as part of its 20th anniversary celebration. The awards, unveiled during the organization’s 2009 CREW Network Convention & Marketplace in Boston, honor women age 39 or younger working within a qualified area of the industry and considered a “woman to watch” and likely to be an influential leader in the industry.
Cushman to Handle RE for Jaguar Land Rover
Sep 18, 2009
Cushman & Wakefield Inc. has been appointed by Jaguar Land Rover as
its global real estate partner for the next three years. The account is
managed by Cushman & Wakefield’s Client Solutions team and services
provided include strategic consulting, transaction management, office
and industrial agency, planning, valuation, rent review/lease renewals
and building consultancy.
Technology
Streamlining Management & Accounting
Oct 14, 2009
Florida-based commercial and residential property developer and managerTobin Properties stands as a compelling example of how a centralized,integrated property management and accounting database can streamlinefinancial reporting and simplify key property management activities.
Hard-Working Web Site
Oct 14, 2009
Odds are your company recently launched its second- or third-generation Web site, or is in the process of gearing up to do it. As the Internet enters adulthood, the time is now to apply lessons learned, leverage new technology and continue to evolve your company’s online brand and marketing presence.
Developing Issues
Oct 14, 2009
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Q: We're refurbishing an existing building. What are the most important technological considerations today?
A: Whether you're involved in a new development or upgrading an existing structure, several issues arise.
The Growth of BIM
Oct 14, 2009
The growth of Building Information Modeling can easily be seen in the increased amount of discussion on the subject. Over the past couple of years BIM has worked its way into most AEC professionals’ vocabulary, but there hasn’t been too much quantifiable data regarding its success or use--until now.
Building Technology Done Right
Oct 14, 2009
Bright lights and loud music are integral to a person’s experience at anightclub. Their appeal is lost, however, when you want to conduct abusiness meeting, have a quiet conversation or get a good night’ssleep. Watching your team on a large screen at a sports bar isentertaining, yet when you want to enjoy a romantic dinner at arestaurant, a blaring television in the adjacent bar can ruin the mood.How do you ensure that the technology installed in your building spaceenhances, rather than detracts from, the experience of its occupants?The solution is threefold.
Practicing Green Building in the Commercial Real Estate Industry
Going green is a growing real estate trend. Sustainable design is being implemented to optimize environmental safety and reduce wasteful consumption. CPN's real estate news reports uncover how these strategies are affecting the state of the commercial real estate industry.
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