Latest CMBS Data Show More Secondary Markets Doing Better Than Some Larger Markets
August 31st, 2010The summer has brought little relief to metro areas experiencing the most distress on loans held in the commercial mortgage-backed securities (CMBS) universe. However, two markets have seen a noted improvement in their respective levels of CMBS loan distress…
Street Jumps on Property
August 31st, 2010Real-estate funds saddled with boom-time properties are getting relief from Wall Street firms and other investors hoping to capitalize on their need for cash.
Deloitte Leases 166,435 SF in San Francisco
August 31st, 2010Deloitte finalized its 15-year, 166,435-square-foot lease with Tishman Speyer at 555 Mission St. in San Francisco. The major international accounting and consulting firm will occupy nine full floors (four through seven and 10-15) with a move in date scheduled…
Help for Hyatt Isn’t Enough
August 31st, 2010A Jacksonville hotel missed paying its mortgage despite $5 million in help from the Hyatt chain.
Kerry Buys Luxury Hong Kong Site
August 31st, 2010Kerry Properties bought a luxury residential site in Kowloon Tong for a higher-than-expected price at a government land auction.
In The Pipeline: CoStar Development and Construction News for Aug. 29 – Sept. 4
August 31st, 2010In this week’s Pipeline, Forest City Enterprises will privatize and build family housing at four military bases in South Carolina, Tennessee and Mississippi; in Rockville, MD, business and government leaders will officially kick off a $200 million expansion…
In The Pipeline: CoStar Development and Construction News for Aug. 29 – Sept. 1
August 31st, 2010In this week’s Pipeline, Forest City Enterprises will privatize and build family housing at four military bases in South Carolina, Tennessee and Mississippi; in Rockville, MD, business and government leaders will officially kick off a $200 million expansion…
Lease Down (Aug. 29 – Sept. 4): Northrop Grumman, Aviat Continue to Downsize
August 31st, 2010CoStar compiles news of consolidations, closures, layoffs and lease cancellations in the weekly Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on corporate expansions…
Simon Closes Purchase of Prime Outlets
August 30th, 2010Simon Property Group said that it closed on its acquisition of Prime Outlets, which had come under FTC scrutiny for possible antitrust concerns.
On Horizon, New Manhattan Skyline
August 30th, 2010The approval of an office tower near the Empire State Building is a reminder that New York is poised for a wave of new skyscrapers — if the economy cooperates.
