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Financial company TIAA-CERF has purchased an 11-story neoclassical office building in Boston's Financial District for $110 million from Transwestern Investment Co. of Chicago. Read More »
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Demand for design services decreased in April, marking a negative shift for the first time in nine months, according to data from the American Institute of Architects. The AIA's Architecture Billings ... Read More »
One World Trade Center was officially topped off last week, with the placement of a silver spire on top of the building. This video dramatically illustrates the height of the tower, as well as the ski... Read More »
Real estate controlled by troubled U.S. retailer J.C. Penney was appraised this week at $3.3 billion--$2.6 billion less than originally estimated. Cushman & Wakefield valued the department store chain... Read More »
In a major shift, private equity firm Blackstone Group is selling its shares in General Growth Properties Inc. the second-largest U.S. mall owner. New York-based Blackstone will sell the shares equali... Read More »
One World Trade Center was topped off this morning with a silver spire, bringing the height of the iconic building to 1,776 feet. But there is still disagreement about the official final height of the... Read More »
Hines has announced the sale of two prime commercial buildings in New York City for a total of more than $1 billion. American Realty Advisors agreed to pay $390 million, or $1,300 per square foot for ... Read More »
U.S. commercial property prices hit record levels last month, a new report suggests. Green Streets Advisors' commercial property index moved one percent higher than the record achieved in August, 2007... Read More »
Driven by potentially high returns, U.S. investors are increasingly targeting funds that invest in foreign commercial and residential property. During the first quarter of 2013, investors put $2.6 bil... Read More »
New York-based Jenel Management has purchased the Beverly Hills offices of Giorgio Armani from GLL Real Estate Partners, a Munich-based fund. Read More »
A conflict is looming between small business owners and their bank lenders. About $276.2 billion of nonresidential commercial property loans will be due in 2013, more than any other year, according t... Read More »
Simon Property Group, the largest owner of shopping centers and malls in the United States, raised its earnings forecast for the year today, based on increased sales and higher rents. Simon reported a... Read More »
Are you considering a lease renegotiation or renewal? If not, you should be shopping for space in today's record high vacancy market. The basic law of supply and demand has never been more in your fav... Read More »
The overall value of U.S. properties owned by real estate investment trusts has returned to peak 2007 levels, according to the latest report by Green Street Advisors. The aggregate CPPI for REITs is n... Read More »
More than 1.2 million square feet of speculative industrial space is in development in Miami-Dade County, after several years of virtually no new industrial construction in the county. Although still ... Read More »
Faced with dwindling sales and slumping share price, J.C. Penney made need to turn to its prime real estate to stay afloat. Annual sales dropped 25 percent to $13 billion, the lowest level in decades. Read More »
Expectations for the U.S. commercial real estate market are much more optimistic than even six months ago, according to a survey by the Urban Land Institute (ULI). Commercial real estate transaction v... Read More »
The office sector led U.S. commercial property defaults in 2012 for the second year in a row, according to a new study by Fitch Ratings. Nevertheless, the volume and value of office loans in default w... Read More »
Mayor Bloomberg take note! For all of your good intentions--and money spent to fight King Sugar--fast food is the retail category with the most planned openings in the U.S. this year. Subway, Quiznos,... Read More »
Architect Frank Gehry's toned down design for Facebook's expanded headquarters has been unanimously approved by the Menlo Park City Council. "Where's the 'Like' button?" said the city's mayor, Peter O... Read More »
Marcus & Millichap Real Estate Investment Services has sold Mandalay Apartments, a 106-unit apartment property located in Fort Lauderdale, for $5.2 million. Read More »
