Narrow your search

Topic

Author

Published

Issue

View More

Search

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

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(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.

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 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

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(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(4) 

Australia’s Big Deal The Indigenous Land Corp. purchased the Ayers Rock Resort for US $300 million from GPT Group in one of Australia’s largest single asset transactions. The resort is the country’s biggest hospitality asset, comprising six hotels, a lodge,

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

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,

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

International Beat(14) 

Markets To WatchSydney, Australia — Industrial developers found 4Q08 difficult due to a lack of financing and a slowdown in tenant demand, according to Cushman & Wakefield. But despite very little rent growth, Sydney’s submarkets experienced several sales. A vacant

Investors Find Value in Japan's Nonperforming Mortgage Loans 

As a result of the Asian economic crisis, Japanese banks have a large number of nonperforming mortgage loans that will require a significant effort to resolve. The Japanese Ministry of Finance estimates that problem real estate assets held by Japanese

The Keystone State Holds Strong 

Host to the creation of the Stars and Stripes, the drafting of the Constitution, and four games of the first World Series, Pennsylvania is steeped in U.S. history. Today the state claims the nation's largest rural population, which contributes to

International Beat(3) 

Poland’s Big Deal Horizon Plaza office complex in Warsaw sold for around $136 million, as Poland’s property market heats up. Total property investment volumes are up 50 percent, on track to reach €2 billion by year end. The office sector

International Beat(5) 

“ China and India are starting small and carefully, identifying partners they can trust. Long term relationships will flow from that process. We are already seeing this with the space needs of Chinese banks in Western financial centers.” — Colin

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

International Beat(11) 

MARKETS TO WATCH Warsaw &mdash As Poland&rsquo s most affluent city and largest retail market, Warsaw has some of the lowest retail vacancy rates in Europe. The city&rsquo s large shopping centers average between 0 percent and 3 percent vacancy.

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 

Russia's Big Deal Pharmstandart recently purchased the 62,700 sm Northern Tower Business Center in Moscow for an estimated $260 million. This was the region&rsquo s largest transaction since 4Q09, according to Cushman & Wakefield. Moscow office properties traded in 11

Market Trends(24) 

Tomorrow's Apartment In “the first wave of post recession apartment developments coming out of the ground, small, dense, urban, and cool are ruling the day — even outside core downtown markets,” according to Multifamily Executive. Architects and developers currently working

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

Market Trends(25) 

5 Fastest Growing Cities City, Population change 2007&ndash 08 (%) New Orleans,8.2 Round Rock, Texas,8.2 Cary, N.C.,6.9 Gilbert, Ariz.,5.0 McKinney, Texas,4.8 Source U.S. Census Bureau Stress Test Results Losses for the next two years for the 19 largest banks in

Market Trends(22) 

Tomorrow’s Store What’s the future of your retail center? Well, to meet the demands of tomorrow’s tenants, think about subdividing those big box spaces, losing the parking lot, and adding a few bike racks. Last year total retail sales grew