In Hong Kong, Cooling Trend
January 27th, 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.
London & Stamford Looks to Pounce
January 27th, 2010The U.K. real-estate company has a $1.62 billion war chest as it looks for acquisitions. But the market is becoming crowded with more competitors and suffers from a shortage of properties.
Lease Up/Lease Down (Jan. 24-30): Disconnecting the Landline: Verizon to Cut 13,000 Jobs
January 27th, 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. 24-30): Disconnecting the Landline: Verizon to Cut 13,000 Jobs
January 27th, 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…
Positive Outlook for Retail Real Estate Tempered by Ongoing Market Correction
January 27th, 2010Reporting on the major trends that took place in retail real estate in 2009, and expectations for the coming year, CoStar Group recently provided clients with a detailed analysis on the retail real estate market in the latest in its series of quarterly…
Avon North America Relocating to 777 Third Ave.
January 27th, 2010Avon Products is relocating its North America unit to 777 Third Ave. in Manhattan. The global beauty products company signed 15-year lease for 246,500 square feet.
The 38-story, 525,000-square-foot office tower is in the Plaza District, near Dag Hammarskjold…
Updated: Uno Chicago Grill Files Bankruptcy, Cancelling 18 Leases
January 27th, 2010Uno Restaurant Holdings Corp. filed for bankruptcy protection on Jan. 20, 2010.
The company said it posted a $22.2 million net loss in 2009. The company’s CFO commented, “As the national economy suffered and consumers cut discretionary spending, Uno…
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.
