Weak Hotel Performance Blamed for Renewed Rise in Securitized CRE Mortgage Defaults
October 14th, 2009The late-summer pause in the climbing number of borrowers who are defaulting on their securitized commercial real estate loans appears to be over. Weakness in the battered hospitality sector is fueling more delinquencies and defaults on commercial-backed…
Lease Up/Lease Down (Oct. 11-17) Studley Relocating & Expanding in New York
October 13th, 2009News of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers has been consolidated into Lease Up/Lease Down. Look to Lease Up/Lease Down every week for valuable information that can be used as a source…
Fallout from Deal for Zell’s Empire
October 13th, 2009Real-estate developer Aby Rosen is joining the long list of investors who have headaches from buying pieces of Sam Zell’s $39 billion office building empire.
Staying Alive at the Mall
October 13th, 2009Feldman Mall Properties lives. The mall owner, which once warned investors that it wouldn’t have enough cash to last through 2008, has slimmed down and is seeking to rework one of its mortgages.
Few Winning Office Markets Found in the Third Quarter
October 13th, 2009The U.S. office market ended the third quarter of 2009 with a vacancy rate of 13%. The vacancy rate was up 40 basis points from the previous quarter of 12.6%.
CoStar Group tracks both available and vacant space and the discrepancy between the two has…
DTCC Moves 1,600 Employees from Manhattan to Jersey City
October 13th, 2009The Depository Trust & Clearing Corp. (DTCC) is moving the majority of its Manhattan staff to Jersey City.
The financial services firm is relocating about 1,600 employees to a 415,000-square-foot space at 570 Washington Blvd. in the Newport Office…
Hawaii Hotels Face Tough Times
October 13th, 2009Hotels in the continental U.S. are in the worst downturn since the Depression. But Hawaiian resorts are taking a beating that’s even worse.
Echoes on 16th Floor: Venture Capital Exits
October 12th, 2009The office building once home to Dallas’s venture-capital firms has gone quiet, evidence that the industry — once spread across the country — is consolidating in Silicon Valley and Boston.
Doubts Cast on Value of Vegas’s Fontainebleau
October 12th, 2009The bankrupt Fontainebleau project in Las Vegas is on the auction block, but potential bidders have to decide whether the costly property is more than a money pit amid the Strip’s slump.
In The Pipeline: CoStar Development and Construction News for Oct. 11-17
October 12th, 2009In this week’s issue, a tire distributor will consolidate at a 1.1 million-square-foot warehouse developed by Rockefeller Group near the Port of Charleston, South Carolina; Skanska is named to build an $87 million library at the University of North…
