NYU Buys Forbes Building in New York
January 7th, 2010New York University has bought the Forbes building in Manhattan, part of the Forbes family’s efforts to offset steep advertising declines at its namesake magazine.
Janus Names Ex-Pimco COO As New CEO
January 7th, 2010Richard M. Weill will take over as chief executive of the Denver mutual-fund company on Feb 1.
Mortgage Bankers Association
January 7th, 2010MBA
Commercial Mortgage Securities Association
January 7th, 2010CMSA
China Vanke Posts Weak Sales
January 7th, 2010The Chinese developer reported weak property sales for last month, an early effect of Beijing’s efforts to cool an overheated market.
U.S. Now a Renters’ Market
January 7th, 2010Apartment vacancies hit a 30-year high of 8% last year, and landlords cut rents 3% to attract tenants.
Trans World Entertainment Closing 161 Stores Through January
January 7th, 2010Trans World Entertainment Corp. continues to whittle down its store fleet. By the end of its fiscal year (the end of this January), Transworld expects to have closed 161 stores during the prior 12 months, according to the Albany Business Review. This…
Trans World Entertainment Closing 149 Stores Through January
January 7th, 2010Trans World Entertainment Corp. continues to whittle down its store fleet. By the end of its fiscal year (the end of this January), Transworld expects to have closed 149 throughout the course of the past 12 months. This follows 101 store closures during…
Sutherland Inks 156,700-SF Office Deal at 700 Sixth
January 7th, 2010Akridge signed Sutherland Asbill & Brennan LLP to a 15-year, 156,676-square-foot office lease at its new 300,000-square-foot office property in Washington, DC’s East End submarket. Sutherland, a law practice with nearly 500 attorneys in five major markets…
Shopping Malls, Strip Centers Diverge
January 7th, 2010Simon Property and mall owners performed well in 2009. Inland Real Estate and strip-center owners didn’t. The disparity reflects two key differences: tenant mix and location.
