Resort Developer Stands by Tiger Woods
January 26th, 2010The Cliffs at High Carolina is one of many golf resorts struggling with the economic downturn that has eroded demand for luxury homes adjoining golf courses.
Rent Looms as Stuy Town Issue
January 26th, 2010Tenant talks remain a wild card for the complex—and potentially its next owner.
Real-Estate Cap Rates Rise
January 26th, 2010The average cap rate for office properties in central business districts jumped to 8.8% in December from 8.56% in November.
Control of Stuyvesant Takes Center Stage
January 26th, 2010Creditors and potential buyers are scrambling for control of Peter Cooper Village and Stuyvesant Town after Tishman Speyer relinquished control to creditors.
Hong Kong Housing Market Cooled in Fourth Quarter
January 26th, 2010Hong Kong’s de facto central bank said the city’s residential property market cooled in the fourth quarter, allaying concerns a real-estate bubble may be forming.
Control of Stuyvesant Town Takes Center Stage
January 26th, 2010Creditors and potential buyers are scrambling for control of Peter Cooper Village and Stuyvesant Town after Tishman Speyer relinquished control to creditors.
Hotels Change Names to Draw Conferences
January 26th, 2010Luxury hotels have enlisted a new tool to attract business meetings in lean times: For the sake of appearances, they are dropping the word “resort” from their names.
In The Pipeline: CoStar Development and Construction News for Jan. 24-30
January 25th, 2010In this week’s issue, we report on two more large construction projects awarded to Turner Construction for projects in Queens, NY and Atlanta, GA; San Francisco data center developer Digital Realty Trust, Inc. will team up with KDC to develop build-to…
Tishman Venture Gives Up Stuyvesant Project
January 25th, 2010A group led by Tishman Speyer has decided to give up the sprawling Peter Cooper Village and Stuyvesant Town Manhattan apartment complex to its creditors.
UPDATE: Tops Markets Becoming New Owner of Penn Grocery Chain
January 25th, 2010Bankruptcy Court Approves Tops’ Bid for Penn Traffic, Published January 25, 2010
The U.S. Bankruptcy Court has approved the sale of bankrupt grocery chain, Penn Traffic, to Syracuse, NY-based Tops Friendly Markets. Tops had bid $85 million to acquire…
