Author ARCHIVES
Alex Finkelstein
This reporter no longer writes for the WORLD PROPERTY CHANNEL. Listed below is an archive of all prior stories.
Five years after purchasing the 1.3 million-square-foot, 50-story 1400 Smith Street office tower, Brookfield Office Properties. (BPO: NYSE, TSX) sold the Downtown Houston property to its lead tenant, Chevron, for $340 million or $262 per square foot.Toronto-based Brookfield had paid... Read More
Is all this talk by international experts about China's bloated real estate market just talk -- and not reality? Business China, an online publication with satellite offices in Guangzhou, Shanghai and Beijing, raises that question ... Read More
Nashville, TN-based Gaylord Entertainment Co. (NYSE: GET) always does things in a big way. The company's newest planned project is a multi-million-dollar hotel and conference center in High Point, Co. where its financial partner, LNR Property LLC of Miami Beach,... Read More
Downtown Pittsburgh is hot. Construction cranes dot the skies. Energy-oriented corporations hunt for office space. Sales of buildings are moving quickly. Office rents are among the lowest in the country.All this is happening in a Northeastern U.S. city that lost... Read More
If good things often come in small packages, then the $39.4 million sale of a 125,000-square-foot retail center in tiny Auburn, WA is a prime example. A subsidiary of a women-owned and operated real estate investment management firm paid $315.20... Read More
Hamburg's Reeperbahn area, infamous and famous at the same time, has become a commercial real estate developers' delight in Germany's second largest city. Read More
How would you like to be kicked out of a multi-million-dollar job and receive other multi-millions for doing nothing? Ian McCarthy, the former CEO at Atlanta-based Beazer Homes USA Inc., is in that enviable position today. Read More
Orlando's retail market isn't in for a banner year, according to a new report by Encino, CA-based Marcus & Millichap Real Estate Services. Read More
If Hong Kong land prices are cooling off, you couldn't tell it by the most recent dirt deal. A 1.5-acre prime residential site (about 65,402 square feet) has sold for $1.5 billion or about $3,438 per square foot. Read More
The nation's new initial public offerings (IPOs) are on a slow track. Investors are not gobbling them up as they did in heady days of the early 1990s. That's the view of Murray McCabe, global co-head of real estate investment banking with JPMorgan Securities. Read More
Wealthy Pakistanis and Indians are scooping up second homes and even third homes in London's high-end residential markets, even as prices fall in most other sectors of the United Kingdom. Read More
Three big names in the U.S. commercial real estate capital sphere have formed a joint venture to recapitalize 200 South Wacker Drive, a landmark, 40-story, 754,750-square-foot office tower in the West Loop of Chicago's central business district. Read More
Inland Real Estate Acquisitions, Inc., one of the biggest shopping center owners in North America, has added four properties to its portfolio. The Oak Brook, IL-based firm paid $80.6 million for centers in Florida, Georgia and North Carolina. Read More
Good news for the nation's casino-developing Indian tribes. President Obama has thrown out a directive from former President George W. Bush that crippled off-reservation casino development. Read More
Genting Group, one of the world's largest international casino developers, has signed a contract with Miami-based Arquitectonica to design a $3 billion Downtown Miami resort. Read More
Big Shift in U.S. Shelter Industry--Home ownership Losing Out to Apartment Renting New York City-based Maximus Advisors says the writing already is on the wall, bold and clear - more would-be home owners are turning to renting apartments as the Great Recession continues in its fourth consecutive year. Read More
Recession or no recession, the Chevy Chase, MD-based Ritz-Carlton Hotel Co. LLC plans a $2 billion global expansion that will grow its worldwide portfolio to over 100 properties by 2016, the company states. Read More
Striving hard to avoid a potential real estate bubble implosion, Chinese authorities are cracking the whip today on all local governments planning affordable housing for millions of low-income workers. Read More
Talk about fast deals -- New York City -based GA Keen Realty Advisors had a 14-day deadline to find buyers to purchase leases for 41 properties in 21 states formerly operated by high-end, Los Angeles-based clothier Metropark.GA Keen did the... Read More
It was bound to happen. The Chinese government has been predicting it for months. Now the first wave of discounted home prices has hit the country. More of the same is on the way, according to various analysts who regularly track the housing industry in China. Read More
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