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Developers Add Condominiums to Hotels to Increase Profits 

Stymied by the increasing costs of building stand alone luxury hotels, developers have turned to condominium hotels to allocate costs to a wider revenue base while creating another profit center. Hotel operators can charge premium prices for the condominium units

The Economy Rains on Washington's Real Estate Markets 

Washington's economy, and that of Seattle in particular, has suffered some major blows in the past few years, including Boeing's decision to relocate its corporate headquarters to Chicago and the high technology sector's softening. Although the company still maintains manufacturing

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

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

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

Georgia Real Estate on My Mind 

For commercial real estate in Georgia the theme has been growth, though concerns about overbuilding remain for the state’s capital and largest city, Atlanta, an economic hub of the Southeast. Brokers are guardedly optimistic about the prospects of various property

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

Institutional Investors Rethink Their Real Estate Holdings 

Pension funds and life insurance companies traditionally have been long term real estate investors. However, recent market changes have made these institutional investors rethink how these assets fit into their portfolios. Real estate historically has appealed to these investors because

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

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

International Beat(1) 

Germany&rsquo s Big Deal The Sun Ship, a five story mixed use building in Freiburg, Germany, is the world&rsquo s first commercial structure that creates more energy than it uses. The building was designed and built by solar architect Rolf

Regional Outlook(16) 

MIDWEST A 34 story, 1 million sf office tower is planned for Chicago’s CBD, according to Trammell Crow Co., which will be the master developer along with Insite Real Estate. Although no groundbreaking or completion date was announced, the class

New Mexico's Commercial Real Estate Markets Rise to the Occassion 

Like many cities across the nation, Albuquerque and Santa Fe, N.M., have undertaken downtown revitalization projects to restore economic vitality. But these cities — situated in a high altitude, semiarid region — must contend with shrinking water supplies and strong

Missouri Shows the Way 

In 1804, Meriwether Lewis and William Clark commenced a journey from St. Louis to the West Coast, an expedition that would prove to be the impetus behind commercial growth in the United States. The famous trek earned Missouri one of

Regional Outlook(21) 

South Miami's Big DealMalaysian developer The Genting Group knows what sells deals today job creation. Its proposed $3 billion Resorts World Miami includes four hotels, more than 50 restaurants, 250,000 sf of retail, and 700,000 sf of convention space. But

Regional Outlook(7) 

Markets to Watch New Orleans &mdash Local developers are rehabbing the Cosmopolitan Hotel into Louisiana&rsquo s first condo hotel, topping the 24 room historic building with a 26 floor, 103 unit tower, just blocks from the French Quarter. Prices range

Regional Outlook(12) 

CLEVELAND Big Box BonanzaDevelopers and retailers are betting that Cleveland shoppers are ready for a big box shopping center. The 1 million square foot Steelyard Commons shopping center will be home to the first

Regional Outlook(11) 

HoustonMultifamily Market SnapshotThere is ongoing multifamily construction in several submarkets. Most of the inner loop construction is midrise structures — three to four floors — with a few high rises also being built. Midrise is becoming more accepted, definitely in

Regional Outlook(25) 

SOUTH Swank Condo Hotel Comes to Atlanta Atlanta based Tivoli Properties is building a 53 story, 198 room hotel and 71 unit condo development under the Mandarin Oriental flag on Atlanta&rsquo s Midtown Mile, says Scott Leventhal, Tivoli&rsquo s CEO

Regional Outlook(15) 

EAST Boston Office Availability 10.1 million sf — available space at midyear 2010 51,000 — total number of employees Boston companies need to hire to fill current vacant office space Source Thompson Hennessey & Partners WEST Torrey Reserve West is

Regional Outlook(8) 

Markets to WatchMinneapolis St.Paul — Interstate 35’s bridge collapse last August has had no noticeable effect on the area’s commercial real estate market, according to Colliers Turley Martin Tucker, but an 11.5 percent industrial vacancy rate — eighth highest in

Most Georgia Markets Look Peachy 

What do Vidalia onions, Coca Cola, and Martin Luther King Jr. have in common? They all name the state of Georgia as their birthplace. Georgia`s other claims to fame include Atlanta's Hartsfield International Airport, the world`s busiest airport, and more

Regional Outlook(3) 

EASTBoston’s Slow StartBoston’s 2Q08 office market was characterized by slowing deal velocity and stabilizing metrics, with fewer tenants needing space because of the shaky economy, according to CB Richard Ellis. Vacancy in 2Q08 rose to 6.4 percent up from 5.8

New Restaurants Provide Entree Into Local Markets 

Roughly 870,000 U.S. restaurants achieve approximately $426 billion in sales annually, making them a significant part of the economy and a major retail real estate component. To break into this potentially lucrative market, brokers should be aware of current industry

Market Trends(2) 

This Is Your Brain on E mail A University of London study done for Hewlett Packard revealed that infomania &mdash addiction to e mail and texting &mdash can lower your IQ twice as much as smoking pot. In addition, e