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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

Calculating the Overbuilding Equation 

During the dismal first half of the 1990s, new commercial real estate development ground to a halt. Construction was absent from the industry for so many years that developers began to think of themselves as property managers. But mid decade,

Cajun Country Puts Spice in Markets 

Down south in Louisiana, "Our economy is basically tied to the oil industry," explains Gary P. Tilley, CCIM, of Stirling Properties, Inc., in Covington, Louisiana. While others contend that the economy has become more diversified and note the impact of

Brokers Predict Continued Multifamily and Industrial Investment 

An experienced investment broker's perspective may be the most accurate and reliable measure of market trends that is available today. Of all the parties involved in investment transactions, only brokers have the broad perspective derived from multiple direct experiences and

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

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

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

International Beat(12) 

Markets to Watch London &mdash &ldquo London repriced very sharply,&rdquo says Tony McGough, global head of forecasting at DTZ in London. &ldquo So much of the bad news is out of the way and rents dropped so much that even

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 Internet Rewrites the Rules for Brokers 

Clearly, the Internet has changed how commercial real estate is leased and sold. Web sites in use that are run by commercial real estate professionals range from those that provide simple information to sites that assist buyers and sellers or

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(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.

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

International Beat(16) 

Markets to Watch Shanghai, China — Normally a thriving office market, Shanghai office demand slowed in 3Q08 due to the global economic slump. With vacancies reaching 9.8 percent, prime rental rates stayed flat at 9.9 renminbi ($1.44) per square meters

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(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

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

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

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

Consider Market Cycles When Reassessing Portfolio Strategies 

The recent economic slowdown, while unevenly affecting various U.S. regions, has led to a diminished gross domestic product, corporate restructuring, and a loss in wealth due to the stock market's decline. These changes have pushed the commercial real estate market

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