Property Types
Retail
Dollar Retailing Seeing Good Times
Jan. 08, 2009
The Dow Jones index took something of a dive yesterday, possibly because of ill tidings from the likes of Time Warner and Intel, or the anticipation of bad job market numbers, or maybe because it was time to yo-yo back to roughly where the market started at the beginning of the year. In any case, the Dow was down 245.40 points, or 2.72 percent, while the S&P 500 lost 3 percent exactly and the Nasdaq lost 3.23 percent.
Cushman Report: Even Manhattan Humbled in 2008
Jan. 06, 2009
After a steep decline in office rents and leasing activity at the end of 2008, many owners are attempting to lure tenants with aggressive deals, according to Cushman & Wakefield Inc.’s year-end report on the Manhattan office market.
The News: Holiday Fallout, Public Confidence, Debt Loom
Jan. 06, 2009
Now that 2008 is mercifully behind the retail sector, the question of what should be on the radar for 2009 is front and center. Conversations with industry veterans and research suggest that consumer spending, the economic policies of the new president and Congress, and fallout from the holiday shopping season will shape the retail sector for at least the early part of the year.
Office
Cushman Report: Even Manhattan Humbled in 2008
Jan. 06, 2009
After a steep decline in office rents and leasing activity at the end of 2008, many owners are attempting to lure tenants with aggressive deals, according to Cushman & Wakefield Inc.’s year-end report on the Manhattan office market.
The News: Deliveries, Shrinking Labor Market Will Swell Vacancy
Jan. 06, 2009
Developers are slated to deliver a significant amount of office space in 2009, just as the economy paints a continuing painful employment picture. Those factors will combine to increase the nationwide office vacancy rate, according to Grubb & Ellis Co.’s Global Real Estate Forecast.
Multi-Family
The News: Tumbling Single Family Home Prices Negatively Affects Seniors Housing
Jan. 06, 2009
Falling single-family home prices continued to have a negative impact on the seniors housing market, particularly in the independent-living subsector, according to a recent Marcus & Millichap Real Estate Investment Services Inc. report that measured seniors housing metrics from the second quarter of 2007 to the second quarter of 2008.
The Expert: Debt, Equity & Property Pricing
Jan. 06, 2009
Government agencies continue to be the primary source of financing for multi-family assets, and though both Fannie Mae and Freddie Mac have been consistently widening their spreads, in part to offset the plummeting indices, they remain the most consistent and competitive source of capital in the commercial real estate market.
Education Realty Nabs $222M
Jan. 06, 2009
Student housing REIT Education Realty Trust Inc. has closed a $222 million secured credit facility, courtesy of Fannie Mae DUS lender Red Mortgage Capital Inc., and is wasting precious little time making use of the proceeds.
Industrial
Hospitality
Vegas CityCenter Delays Hotel, Axes Condo Portion
Jan. 08, 2009
CityCenter Holdings L.L.C., a joint venture between MGM MIRAGE and Infinity World Development Corp., announced some changes related to The Harmon Hotel & Spa that include postponing the opening of the hotel to late 2010 and cancelling The Harmon residential condominium component.
New Firm to Focus on Hotel Investment
Jan. 08, 2009
Anticipating opportunities to come, Ardent Hotel Advisors, a hospitality management and asset management company, has partnered with Steven Surgent to form Ardent Hotel Investors, a new entity that will invest in hotel properties nationwide.
Benchmark Hospitality Adopts New Business Intel System
Jan. 08, 2009
Sometimes you have to invest money to save money, and it appears Benchmark Hospitality International has adopted that philosophy with the purchase of Pittsburgh-headquartered Aptech Computer Systems Inc.'s Execuvue Business Intelligence System.
Seniors Housing
Emeritus Closes Refi Deal, Extends $73M Debt
Jan. 05, 2009
Assisted living and Alzheimer's care facilities provider Emeritus Corp. capped the end of the year by ensuring there would be no material maturities hanging over its head in 2009. The company wrapped up the $36.3 million refinancing of seven properties through Freddie Mac, a move that allowed it to pay down and extend an existing debt with Capmark.
Mixed-Use
GenCorp’s Mixed-Use Project Takes Next Big Steps
Dec. 23, 2008
Sacramento County’s supervisory board has unanimously approved the final environmental impact report for GenCorp Inc.’s 1,400-acre mixed-use project and amendments to the county’s general plan for the project.
Next Century Plans $2B Mixed-Use Project in Los Angeles
Dec. 19, 2008
Next Century Associates has unveiled a proposal to build a $2 billion mixed-use property in Los Angeles' Century Plaza, on the current site of the Century Plaza Hotel. The redevelopment proposal entails razing the 19-story hotel and replacing it with a pair of towers.
The Most Comprehensive Real Estate News
Commercial real estate covers a variety of property types including commercial property, office, industrial, retail multi family and much more. Keep up with the latest real estate news, including news on shopping center investment and seniors housing developments.
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