Commercial Real Estate News

February 8
8:45 PM costar In The Pipeline: CoStar Development and Construction News for Feb. 7-13 In this week's Pipeline, George Smith Partners is close to finalizing that rarest of transactions in today's soft market -- a construction loan for new development on the Westside ... February 8
8:06 PM wsj Mortgage Bankers Sell Building at a Loss The Mortgage Bankers Association sold its 10-story headquarters building in Washington, D.C., for $41.3 million, well below the $79 million it paid in 2007. February 8
7:29 PM wsj Connecticut, Starwood Hit Bump Connecticut pulled off a coup when Starwood Hotels agreed to relocate its headquarters there. But now there are questions being raised over how the state sealed the deal. February 8
6:33 PM wsj China Prepares to Salvage CCTV Tower Beijing is preparing to rebuild a Rem Koolhaas skyscraper in the complex housing the national broadcaster, a year after fire gutted the structure. February 8
2:08 PM google Why I Can't Take MBA Seriously So the Mortgage Bankers Association is saying that banks are increasing commercial real estate lending, and that loan originations on retail properties rose in the fourth quarter. ... February 8
12:34 PM retailtrafficmag Bloomberg: Retailers Likely to Close More Stores February 8
10:56 AM google Green Street Advisors: CRE Prices Up 10% According to the Green Street Advisors Commercial Property Price Index (original name), prices are up 1% in January, and now up 10% off the bottom reached in May of 2009. The ... February 8
10:40 AM google Banks Increasing CRE Lending; Bond Spreads To Widen Sentiment at the Mortgage Bankers Association meeting last week in Vegas showed improvement. More banks are not only willing to lend, but their threshold for risk and size is also ... February 8
10:40 AM nytimes New York Plans to Topple Public Housing Towers For the first time in its 75-year history, the New York City Housing Authority wants to knock down an entire high-rise complex. February 8
9:34 AM nreionline Out of Retreat: Private Equity Investors To Boost Real Estate Allocations in 2010 Out of Retreat: Private Equity Investors To Boost Real Estate Allocations in 2010 February 8
9:21 AM nreionline Building A Case for a Second-Half Recovery in 2010 Building A Case for a Second-Half Recovery in 2010 February 8
9:15 AM nreionline Greystar and Praedium Jointly Acquire Apartment Property in St. Petersburg, Fla. Greystar and Praedium Jointly Acquire Apartment Property in St. Petersburg, Fla. February 8
8:42 AM wsj Home Builders See Daylight Fewer write-downs and cancellations along with improved order rates are putting some lift into the depressed home construction market. February 8
7:26 AM wordpress American Eagle’s Martin + Osa Done? It looks like American Eagle’s experiment to attract an older consumer didn’t work out too well. The retailer is supposedly closing down its 28 store Martin + Osa ... February 7
11:00 PM bizjournals Owners of Phila. buildings will challenge assessments In a reflection of a dismal commercial real estate market in which many property values have been halved at the worst, a bevy of office, hotel and other landlords are seeking to ... February 7
11:00 PM bizjournals CB Richard Ellis: Triangle building sales plunge RALEIGH – For the Triangle commercial real estate market in 2009, very few sellers were selling and equally few buyers were buying properties as investors and lenders tried ... February 7
11:00 PM bizjournals Multifamily sales, development hold relatively steady through recession Like the other commercial property types, 2009 will not go down as a banner year for multifamily housing development and investment sales. February 7
11:00 PM bizjournals Jacksonville commercial real estate heading back to school The Jacksonville Kennel Club, once a haven for greyhound gamblers, is going to be transformed into a school to mold young minds. (CBG) February 7
11:00 PM bizjournals Distressed real estate equals work for lawyers The growing volume of commercial real estate assets with financial problems has local law firms beefing up to meet the demands of owners, borrowers and buyers looking for ... February 7
11:00 PM bizjournals Options exist for buyers of distressed property The flood of distressed commercial real estate transactions predicted to occur in 2009 did not come to pass. February 7
11:00 PM bizjournals N.Y. investors buy Cincinnati's Terrace Plaza A New York real estate investor has purchased the mostly vacant Terrace Plaza complex on Sixth Street downtown and is exploring several uses for the hotel, office and retail ... February 7
11:00 PM bizjournals Real estate pros carve own niche during recession When the music stopped during the first several months of the recession, commercial real estate professionals across the board found themselves scrambling for the remaining jobs. February 7
11:00 PM bizjournals Market continues to provide tenant opportunities As Atlanta’s commercial real estate market continues to falter, landlords are continuing to beef up concessions packages, including offering periods of free rent, to keep ... February 7
11:00 PM bizjournals Strategies mixed for properties near new arena There’s nothing like a $238 million arena to spice up a downtown commercial real estate market. February 7
11:00 PM bizjournals Commercial real estate loans sputter, but NM’s in better shape than others Although Albuquerque’s skyline is dotted with big commercial properties that have gone into foreclosure, so far New Mexico remains below the national and regional averages ... February 7
11:00 PM bizjournals San Jose interior designer’s fast turnaround lands her, brokers business When commercial real estate brokers call Marci Iverson to create a floor plan for a tenant considering a move, the interior designer knows speed is of the utmost importance. February 7
10:30 PM costar CoStar's Retail News Roundup: Feb. 7-13, 2010 This week in the Retail Roundup, CoStar reports on expansions or new concepts at Casual Male, Coach, Subway and Chick-fil-A; closings, cutbacks, bankruptcy, default, receivership ... February 7
8:31 PM costar Global Law Firm Signs 102,000-SF Lease in Washington, D.C. Fried, Frank, Harris, Shriver & Jacobsen LLP is relocating its Washington, D.C. office, leasing 102,000 square feet at Lafayette Tower. The international law firm signed a 16-year ... February 7
4:49 PM google Real Estate and The Vancouver Winter Olympics The Vancouver 2010 Winter Olympics is getting so little press this year that unless you watch The Colbert Report, you probably wouldn't know the game is slated to open this ... February 7
1:51 PM google Weekend Roundup That Commercial Real Estate Shoe ("Forbes")Redirecting My Rating Agency Rage ("Atlantic Monthly")International investors look for cheap U.S. real estate trophies ("P&I")FDIC Eyes ... February 6
9:20 PM nytimes Square Feet | The 30-Minute Interview: Cory Gubner Mr. Gubner is the president and chief executive of RHYS Commercial, a full-service commercial real estate company based in Stamford, Conn. February 5
4:39 PM nreionline Jobless Rate Drops But Losses Still Hurt Commercial Real Estate Jobless Rate Drops But Losses Still Hurt Commercial Real Estate February 5
12:49 PM bizjournals Sidney real estate firm joins CORFAC Industrial Property Brokers has joined CORFAC International, an organization of independently-owned commercial real estate services firms. February 5
10:03 AM bizjournals Graham brokers Gadsden Goodyear distribution center sale Birmingham’s Graham & Co. recently announced the completion of several commercial real estate deals around the state. February 5
12:08 AM costar Hill Country Galleria Sold at Bankruptcy Auction for $75M Chicago-based REIT Management & Research is the new owner of Hill Country Galleria, a 1.28 million-square-foot mixed-use lifestyle center located in Bee Cave, TX (a suburb of ... February 4
8:45 PM wsj Lenders Seize Sillerman Resort Lenders holding the $180 million mortgage on entertainment mogul Robert Sillerman's luxury resort in Anguilla have taken over the half-built project. February 4
4:50 PM bizjournals Downtown Honolulu office market stays flat Demand for office space in downtown Honolulu is expected to remain flat or negative this year, with business possibly picking up in 2011. February 4
1:15 PM retailtrafficmag Commercial Mortgage Originations Increase; Meijer Comes Up With New Concept (Thursday’s News & Notes) Though we are no longer in a de facto credit crisis, the shortage of available financing continues to be a serious problem for both retailers and retail real estate developers. ... February 4
11:31 AM nreionline Hotel Delinquencies Skyrocket as Commercial Real Estate Feels Delayed Punch of Recession Hotel loan delinquencies rocketed to an all-time high of 15.3% in January in the commercial mortgage-backed securities (CMBS) sector, according to the newly released Trepp ... February 4
10:29 AM google Surprise Surprise: More Store Closings More store closings are expected. This doesn’t come as much of a surprise. Given the percentage of sales retailers ring up during the holiday season, it was obvious it would ... February 4
10:21 AM retailtrafficmag Retailers Post Same-Store Sales Gains in January After a home run in December, retailers had another strong month in January. ICSC, Retail Forward, Retail Metrics and RetailSails have all crunched the numbers from the ... February 4
9:26 AM google Align Technology Inks 129K SF Lease Align Technology (ALGN: 17.28 0.00%) has signed a 7-year lease with Equity Office for two buildings on Orchard Parkway. The 129,000 square foot lease is for 86-months, and ... February 4
8:40 AM wsj As Banks Balk, Builders Go Elsewhere Private-equity firms are stepping into the vacuum left by banks' flight from lending to small and midsize home builders. February 4
8:40 AM wsj (State) House Rules in Kansas Casino Gambling in Kansas comes with a twist—the state owns the casino and sets the rules, an unusual arrangement devised by the legislature. February 4
8:09 AM wordpress Can Walmart, Target Adapt to Smaller Stores? It seems like every big-box retailer out there is looking to size down store sizes in efforts to grow in urban areas. Walmart is focusing on smaller stores. Target kind of has ... February 3
4:41 PM wsj Investors Lost It All in Memphis The commercial real-estate mess is clobbering investors. Few of them are reeling as much as the 27 owners of 1023 Cherry Road in Memphis, Tenn. February 3
3:01 PM marketwire Apollo Commercial Real Estate Finance, Inc. Announces Investment Activity and Financing Facility NEW YORK, NY--(Marketwire - February 3, 2010) - Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") ( NYSE : ARI ), announced today that through January 31, 2010, ... February 3
1:16 PM wsj Flush REITs See Little Cause to Buy For public real-estate companies, spending money has turned out to be harder than raising it. February 3
10:36 AM google Panasonic Takes 50K in Cupertino After being in the market for quite some time, Panasonic has landed in Cupertino. The company leased 50K SF from Tantau Investments LLC, the partnership of Ralph Borelli, Ron ... February 3
9:23 AM nreionline Multifamily Lenders Share Their Biggest Concerns For The Road Ahead Multifamily Lenders Share Their Biggest Concerns For The Road Ahead