Prices for Construction Materials Bottom Out and Begin To Rise Despite Dim Prospects for Near-Term Building
December 15th, 2009Prices of construction materials and supplies edged higher in November, likely foreshadowing future hikes in nonresidential construction costs, according to figures released by the Labor Department this week.
At the same time, the tight credit market…
Minerva Deals, and Fight Is Joined
December 15th, 2009The U.K. property developer hopes the transactions illustrate the strength of London’s property recovery as it fends off an unfriendly bid from Nathan Kirsh.
L.A. Story: Tishman Woe
December 15th, 2009A 56-acre site in the Playa Vista development is being put on the block, one of the many problem properties that has bedeviled Tishman Speyer.
Samsung Relocating U.S. Headquarters
December 15th, 2009Samsung Electronics America Inc. is relocating its headquarters, but will remain in Ridgefield Park, NJ.
The electronics and home appliances giant has signed on for 193,000 square feet at 85 Challenger Road in Ridgefield Park for 10 years, with two…
General Growth Restructuring OK’d
December 15th, 2009A bankruptcy court judge signed off on plans to restructure $10.25 billion of mortgages on 103 properties.
Snail’s Pace Recovery Likely in Store for Retail in 2010
December 15th, 2009With the rocky road of 2009 nearing its end and recovery from this recession in sight, the nation’s major brokerage firms and shopping center executives recently shared their opinions on what’s in store for retailers and the retail real estate industry…
Unical Aviation Inks Largest Industrial Lease in Los Angeles This Year
December 15th, 2009Unical Aviation is relocating its corporate headquarters and warehouse, signing a long-term lease for a facility in City of Industry, CA.
The deal is valued at $20.6 million. At 467,119 square feet, it is the largest industrial lease in Los Angeles…
Unical Aviation Inks Largest Industrial Lease in Los Angeles
December 15th, 2009Unical Aviation is relocating its corporate headquarters and warehouse, signing a long-term lease for a facility in City of Industry, CA.
The deal is valued at $20.6 million. At 467,119 square feet, it is the largest industrial lease in Los Angeles…
USPS Possibly Shuttering 170 Post Offices
December 14th, 2009The U.S. Postal Service could be closing as many as 170 post offices as it looks to consolidate operations.
Earlier this year, the Postal Service conducted a review of about 3,300 retail stations and branches that are in close proximity to each other…
Icahn Joins Trump Casino Fight
December 13th, 2009Carl Icahn leapt into the fray over Donald Trump’s Atlantic City casinos, joining forces with Texas banker Andrew Beal.
