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Australia REITs Have Funds, Hunger; Eye Overseas Assets
Australian property firms and pension funds, armed with a multi-billion dollar warchest, are poised to go on a shopping spree, eyeing
California Public Pension Funds Take New Hits On Real Estate Investments
Troubles in real estate and other sectors are straining the state and local government entities that rely on
Atlanta Retail Interests Out-of-State Investors
The local
Leona Helmsley Estate Signs Deal to Sell Manhattan Hotel
The estate of real-estate baroness Leona Helmsley has signed a deal to sell one of its prime Manhattan
A Plan to Save Commerical Real Estate
Economists have long been predicting commercial real estate could be the next day of reckoning for the financial markets, with a
REITs See Gains in February
I was surprised to see a report from the National Association of Real Estate Investment Trusts that "U.S.
Optimism Growing in Commercial Real Estate
Virtually everyone in
General Growth Gets an Extension
After a hotly contested hearing at the U.S. Bankruptcy Court in New York, Judge Allan Gropper granted Chicago-based
Kushner's 666 Fifth Goes To Special Servicer
The $1.215 billion securitized loan secured by the
Banks Failing to Come Clean on Commercial Real Estate Losses
Over the next four years approximately $1.4 trillion in commercial property loans will come due, with nearly half the properties expected to be "underwater" - meaning they're worth less than the amount owed. That's according to "Commercial Real Estate Losses and the Risk to Financial Stability," a report released last month by the Congressional Oversight Panel for the Treasury Asset Relief Program.
Men's Wearhouse Identifies 145 Stores for Probable Closure
During 2009, Men's apparel retail chain, Men's Wearhouse, opened 6 new, but closed 41 stores. Due to geographic overlap caused by its 2006 acquisition of the AfterHours Formalwear chain, the company has identified 145 stores that it would likely close...
American Eagle Shuttering 28 MARTIN +OSA stores
Pittsburgh, PA-based specialty apparel retailer, American Eagle Outfitters (NYSE:AEO), is shuttering its MARTIN + OSA banner, including its 28 stores and online business. The company expects to conclude the liquidation of the MARTIN + OSA stores, which...
HHS Leases 114,500 SF in Quincy
The Executive Office of Health and Human Services for Massachusetts signed a lease for 114,451 square feet of office space at HarborSouth Tower in Quincy. MassHealth and other related divisions will occupy floors four through eight at 100 Hancock St....
Thinning Loan Loss Coffers May Restrict CRE Lending
In addition to keeping an eye on declining property values, falling rents and rising vacancy rate numbers, the commercial real estate community is also concerned over ominous signs in banking industry numbers.
One big area of concern is the fact that...
Recent Improvement in CRE Liquidity Welcomed, But Loan Maturities Loom Large
Commercial real estate lending has tentatively started to flow, but as any building owner will attest, credit isn't easy to obtain and the onslaught of maturing commercial mortgages is chipping away at the confidence of investors.
The challenges to...
NEW PLAYER: Cassidy Turley's Mark Burkhart On Launching a Major New CRE Firm
Eight regional commercial real estate firms that teamed up to become one in January officially launched as Cassidy Turley on March 1.
The firms comprising Cassidy Turley include Cassidy & Pinkard Colliers in Washington, DC, Colliers Turley Martin Tucker...
Shopping Center Execs Voice Improving Confidence Despite Major Challenges
The International Council of Shopping Centers' (ICSC) latest Shopping Center Executive Survey showed that shopping center executives' confidence in the present economic situation and expectations for the future, while muted, are better and improving....
Lease Up/Lease Down (Mar. 7-13): UBS Renews, Postal Service Unveils 10-Year Plan
CoStar 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...
Investors Picking Up Unfinished Condo Projects
LeaseFlorida LLC in Miami Lakes, FL, foreclosed on two failed residential condominium projects. In the first deal, Cypress Bay condo project in the Sunset Harbor area of Miami Beach. Cypress Bay was a planned 20-unit with ground floor retail at 1225...
Bank Watch: Building a New Banking Company Out of Distress
One Main Street LLC, a New York-based investment fund, agreed to acquire tiny Liberty Bank Inc. of Salt Lake City. The transaction is subject to regulatory approval.
One Main Street has filed an application to become a bank holding company with the...
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