Land Securities Pushes Ahead in London
January 19th, 2010U.K. REIT Land Securities Group is going ahead with a $1 billion plan to develop three residential, retail and office projects in London’s West End.
Matter of Debate: Bottom in Commercial-Property Values
January 19th, 2010Bulls see pickup in investment activity and shored-up REITs. Bears see some metrics still in decline.
CapitaLand Gets Residential Boost
January 19th, 2010The property developer’s $2.2 billion purchase of Orient Overseas’s China property arm helps it widen its residential footprint there.
British Land’s Strategy Shift Raises Eyebrows
January 19th, 2010Chris Grigg has gotten plenty of kudos for shoring up the balance sheet of the U.K.’s second largest real-estate investment trust. But his plans to change British Land’s investment strategy has gotten mixed reviews.
In The Pipeline: CoStar Development and Construction News for Jan. 17-23
January 19th, 2010In this week’s issue, we report that university housing developer Education Realty Trust Inc. (NYSE:EDR) will design, develop and manage a 20-story graduate student housing project for students at Johns Hopkins Medical Institute in Baltimore; construction…
Starwood Hotels Adding 12,000 Jobs in 2010
January 19th, 2010Starwood Hotels & Resorts is adding more than 12,000 new jobs worldwide this year as it expands its line by about 80-100 hotels. Approximately half of the new positions will be located in the United States, the hotel giant said.
Starwood plans to…
CapitaLand Bets on China Property
January 18th, 2010The Singaporean property company sees promise in two of China’s biggest urban areas despite Beijing’s efforts to cool the market.
SocGen Issues Profit Warning
January 14th, 2010The French bank said it would incur a $2 billion hit from risky assets, leading to just a thin fourth-quarter profit. CEO Frédéric Oudéa said the move will give the bank a bigger cushion and help it become a “consolidator,” rather than a target.
As Buildings Empty, Banks’ Credit Woes Pile Up
January 14th, 2010Commercial real-estate problems may be about to douse the recent rally enjoyed by regional banks.
Capital Market Recovery Will Take Time, but Could Start in 2010
January 13th, 2010The start of 2010 comes with fresh hopes in the realty capital markets, despite the continued impact of persistent recessionary burdens such as weak demand, falling values and constricted lending, as indicated by a string of commercial real estate industry…
