The Good News: More Deals in 2010 as Loans Mature and Banks Recognize Losses
February 10th, 2010The International Council of Shopping Centers (ICSC) sponsored a webinar this week offering strategies and insights for property owners and investors from industry executives on the capital markets and the impact they are expected to have on the retail…
Multifamily REIT CEOs Upbeat On Apt. Prospects Despite Bleak Fundamentals
February 10th, 2010Even as apartment rents continue to erode, vacancies remain at historic highs and prospects for recovery unlikely until next year, executives for the nation’s largest publicly traded apartment companies sounded a note of optimism during the latest round…
RioCan to Invest $500M in U.S. Retail With Cedar Shopping Centers
February 10th, 2010Update Feb. 10, 2010: Canadian retail REIT, RioCan, has confirmed intentions it shared last fall to invest up to $500 million in high-quality, grocery-anchored U.S. shopping centers with U.S. retail REIT, Cedar Shopping Centers. Read on for details of…
KBS Buys Pierre Laclede Office Park for $74.25M
February 10th, 2010KBS REIT II, a public, non-traded real estate investment trust, purchased the Pierre Leclede Center in the St. Louis suburb of Clayton, MO, from BPG Properties, Ltd., a private equity real estate fund manager, for $74,250,000.
Located at 7701/7733…
Roundtable Survey: Sentiments of CRE Execs Are Better, But By No Means Good
February 9th, 2010The outlook of commercial real estate executives interviewed by the Real Estate Roundtable for its first-quarter Sentiment Index can pretty much be summed up by two responses: “We’re at least a heck of a lot better off now than we were a year ago,” and…
Lease Up/Lease Down (Feb. 7-13): Major Relocations in Washington, DC
February 9th, 2010CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial…
Lease Up/Lease Down (Jan. 31 – Feb. 6): Major Relocations in Washington, DC
February 9th, 2010CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial…
For Waterford Site, a Tough Sell
February 9th, 2010A shuttered Irish factory that produced iconic Waterford crystal for decades has been put up for sale amid a glut of empty industrial properties left in the wake of the sputtering Irish economy.
LaSalle Fund Targets Australia, Japan
February 9th, 2010LaSalle Investment Management is seeking local partners to invest in Australian property developments and boost returns for its $3 billion opportunity fund. The Jones Lang LaSalle investment arm also has two Japanese deals in the pipeline.
Hotel Room Revenue Slows Pace of Decline
February 9th, 2010RevPar was down 16.7% in December from the year-earlier period, compared with 16.8% in November.
