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Chicago a Sweet Home to Many Real Estate Markets 

Chicago is a commercial real estate kind of town. Home to just under eight million people, the Windy City’s metropolitan area has seen myriad activity lately in all of its major property types. "The Chicago area economy is strong due

CMBS Slowdown Restores Financial Market Balance 

After issuing a record $78 billion in commercial mortgage backed securities in 1998, the CMBS market is expected to end this year well below that mark, at between $60 billion and $65 billion. Three factors are responsible for the market's

Cities Upon a Hill 

Industry experts have weighed in on what to expect in 2008, and it can be summed up in one word aftershock. As commercial real estate markets across the country attempt to find their footing after seismic shake ups in the

Commercial Property Demand Grows in the Garden State 

More commonly known for industry rather than agriculture, New Jersey possesses an enigmatic nickname the Garden State. In fact, when the state's General Assembly introduced legislation to imprint the nickname on automobile license plates in 1954, Gov. Robert B. Meyner

Commercial Real Estate Markets Tackle Unique Challenges 

The United States is facing many challenges as we enter 2002. The Federal Reserve Board cut interest rates dramatically throughout 2001, and a previously wobbly economy has plunged into a recession. On the political front, fear and uncertainty present unique

China Offers Opportunities Despite International Incidents 

Behind the Great Wall of China, growing opportunity exists for commercial real estate investors and developers willing to take a risk on untapped markets. U.S. Sino relations have been strained this year, due to disputes over the crippled U.S. Navy

Cities Provide Incentives to Increase Urban Multifamily Development 

Nationwide, multifamily real estate is mired in a cyclical downturn, as many markets struggle with rising vacancies and declining rents. Most developers have scaled back building plans, and development activity in early 2003 increased in only a handful of metropolitan

Colorado Real Estate Rocks 

Just east of the rugged Rocky Mountains lies the capital of Colorado, Denver, and the state's other major cities — Colorado Springs, Boulder, and Fort Collins — which were born during the gold rush of the mid 1800s. Although the

Central Florida Real Estate Is a Magic Kingdom 

Welcoming about 35,000 new residents a year, central Florida is booming with activity. “Central Florida's economy is thriving,” says Thomas R. Jones, CCIM, of Edward T. Byrd & Co. Commercial Mortgage Bankers in Orlando. “Companies are hiring, and finding good

International Beat(8) 

China's Big Deal Scheduled to open this summer, Parkview Green FangCaoDi is China's first Leadership in Energy and Environmental Design platinum certified urban mixed use building. Located in Beijing, the four building structure is enclosed by an environmental shield, which

Investors Flock to Washington, D.C., Commercial Real Estate Markets 

While the rest of the country copes with job losses, an uncertain economy, and diminished corporate spending, the Washington, D.C., metropolitan area remains strong because of increased government spending. In fact, the government added nearly 50,000 office jobs in the

International Beat(6) 

“By 2050, 19 of the 30 largest economies will be from the emerging world. … The rise in income per capita in the emerging world will dwarf that of the U.S.” The World in 2050, a report by HSBC Global

Congress Revisits the Issue of Banks Selling and Managing Real Estate 

In December 2001, the U.S. Congress introduced the Community Choice in Real Estate Act, which would prohibit banks and financial companies from engaging in real estate brokerage and property management. A coalition of real estate organizations, including the National Association

International Beat(10) 

Japan&rsquo s Big Deal In Japan&rsquo s largest real estate deal of 2009, Secured Capital of Japan purchased Pacific Century Place, a 32 story class A office property located adjacent to Tokyo Station in the city&rsquo s Marunouchi business district.

The Empire State Builds on Strong Tourism Foundation 

Rocked by the terrorist attacks on its namesake city last September, New York state since has struggled economically. Commercial real estate markets, especially the office sector, have experienced soaring vacancies and plunging lease rates. Yet, as most markets already have

Get Ready for the Euro 

With the implementation of the Economic and Monetary Union (EMU) on January 1, 1999, Europe will enter a new monetary era, when the currencies of 11 European nations permanently will be pegged to the new euro. The charter nations are

International Beat(9) 

Mexico's Big DealHSBC sold 90 bank branches and regional offices in Mexico to eight local investors in a $90 million sale leaseback deal, according to Jones Lang LaSalle, which assisted with the transaction. More than 100 foreign and local investors

Debt Capital Remains Available Despite Market Changes 

Despite rising interest rates and increasing spreads, debt capital remains available and in demand for commercial real estate. While institutional lending was up significantly as of second quarter 1999 and all institutional lenders have been active, some interesting changes in

International Beat(7) 

New York’s Big DealSpanish clothing retailer Zara paid $324 million for the former NBA stores at 666 Fifth Avenue in New York, which will become its North American flagship store. At $8,300 psf, a record even at New York prices,

Industrial Tenants Can Cut Costs in a Renter's Market 

What used to be a landlord's market in industrial properties with competition for space driving rents sky high now has evolved into a tenant's market. So, while the current slow economy has caused some significant changes in the real estate

Foreign Investment Tide Shifts 

As Asian investors continue to divest of U.S. real estate, Canadian and European interests quietly have increased their U.S. holdings, gradually offsetting the sharp decline in Asian investment. According to the Labor Department’s Bureau of Economic Analysis, direct foreign investment

Industry Monitors Effects of Interest Rates and Economic Conditions 

Commercial real estate is a capital intensive industry in both public and private markets. Interest rates and spreads are key benchmarks for lenders in determining their cost of capital to borrowers. The industry also is dependent on the health of

Hawaii's Real Estate Markets Thrive Despite Slow Tourism 

Geographically and culturally situated between the United States and Asia, Hawaii offers residents and tourists diverse natural attractions, recreational activities, and an agreeable climate. However, “contrary to mainland impressions, tourism makes up less than 30 percent of the state gross

Market Trends 

Briefly Noted Hospitality — Hampered by lack of construction financing, new hotel supply is projected at 1.7 percent for 2010 and 1.3 percent annually for 2011 and 2012, according to Lodging Econometrics. The modest increases will aid hospitality’s recovery, allowing

Midwest Markets Grow 

America's heartland, known for a slower pace of life than either coast, didn't see many dramatic commercial real estate developments during the past year. But the Midwest did see some modest improvements. Leasing rates throughout the region increased slightly in