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Active Real Estate Market Warms Up Minnesota 

Minnesota’s economic growth recently has faced a labor shortage and high property taxes. “We will continue to be among the strongest performing states in the Midwest,” says Keith Collins, CCIM, of CB Richard Ellis in Minneapolis. “However, because of the

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

Sunny Outlook in Northern California 

The commercial real estate industry in Northern California is booming, with all segments performing well in the major markets. An explosion in the computer, multimedia, and Internet industries has led to a low unemployment rate and a robust economy. "The

Sunny Days in Southern California 

Despite tremors in the entertainment industry earlier this summer, energy shortages, and the demise of the dot coms, the Southern California economy for the most part remains vibrant. “While some tech and Internet based companies are laying people off, other

Southern Texas Real Estate Sizzles 

Southern Texas melds influences from both Mexico and the United States, creating a mélange of tastes and senses. From five alarm chili to the calm waters of the Gulf of Mexico, this region offers a multitude of experiences for every

A Stabilizing Euro Creates Real Estate Opportunities 

As of last January, the euro is legal currency in 12 of the 15 countries that make up the European Union. Denmark , Sweden , and the United Kingdom have opted out for the time being. EU bank transfers, including

Suburban Multifamily Development Mimics Downtown Trends 

Across the nation, multifamily vacancy currently is higher than a year ago. Many factors contribute to this decline in occupancy. Low interest rates for homebuyers as well as the slumping economy have pushed more prospective renters out of apartments and

Regional Outlook(10) 

Missoula, Mont.A Different Kind of DevelopmentConservation development may sound like a contradiction, but as Montana and other Rocky Mountain states cope with increasing populations, this model of preserving open space may become an accepted practice. A good example is the

Tennessee Waltzes to Prosperity 

Throughout Tennessee, business is good and jobs are readily available. “The economy is stable,” says Kelly Truitt, CCIM, of CB Richard Ellis in Memphis. “ There was $1.4 billion of capital invested in 1998 with 7,000 new jobs and over

REIT Cycle Poised for Upswing 

After posting impressive total annual returns of 35.8 percent in 1996 and 18.9 percent in 1997, real estate investment trust (REIT) total returns plummeted to a negative 11.4 percent during the first seven months of 1998. This sudden decline has

Washington, D.C.-Area Markets Capitalize on Stability 

Throughout the Baltimore Washington, D.C. Richmond, Va., corridor, the economy has been clipping along at a brisk pace with most industries looking for employees. "Unemployment has mostly been holding in the record lows and there is demand for workers with

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

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

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(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

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.

Market Trends(10) 

Residential CrossoverAlthough the majority of 1.3 million members of the National Association of Realtors specialize in residential real estate, many have secondary specialties in the commercial sector. Percentage of NAR Members With Second FocusCommercial brokerage18%Land development18%Commercial property management11%International4%Auction2%Commercial appraisal1%Source 2007

Recession Gnaws at Beaver State 

Oregon is a state of contradictions. Despite a strong history of logging and fur trapping — hence the nickname, the Beaver State — Oregon now offers a diverse economy based on manufacturing. Yet the state is known for its environmentalism,

Real Estate Grows Steadily in the Evergreen State 

Known as the home of Microsoft, Starbucks, and grunge music, Washington also plays host to an active commercial real estate market. Puget Sound has become a hotbed for venture capital investment, allowing high tech start ups to absorb vast amounts

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

Ontario's Commercial Real Estate Sparkles 

Due to abundant natural resources, proximity to the United States, and population growth, Ontario, “especially from the greater Toronto area to the west, may be the best place for real estate investment dollars in Canada,” says J.S. Kewin, CCIM, of

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(9) 

Seattle Seattle CBD landmark Smith Tower may be transformed from a 37 story office building to 150 residential condos as owner Walton Street Capital seeks city approvals for the conversion. Walton bought Seattle’s first skyscraper in 2006 along with the

Regional Outlook(2) 

NATIONAL The Best City for Business Des Moines, Iowa, outranked 100 other metros with populations above 500,000, according to MarketWatch&rsquo s 2009 year end survey. The city outscored second place Washington, D.C., as well as the remaining top five Omaha,

The REIT Approach 

Despite the shaky performance of real estate investment trusts (REITs) on Wall Street this year, as every commercial real estate professional knows by now, they are here to stay. REITs operate in almost every leading and secondary market throughout the