The Commercial Property Elephant in the Room - Wall Street Journal

The Commercial Property Elephant in the Room - Wall Street Journal

Housing WireThe Commercial Property Elephant in the RoomWall Street JournalAnyone searching for the next European banana skin may want to take a closer look at the commercial real-estate lending market. There are €2.5 trillion ($3.24 trillion) of commercial real-estate loans outstanding in Europe, but up to €700 billion of ...European CMBS Becoming a WorryIPINglobal.comTough two years ahead as 70% of CMBS loans go unpaidProperty Week NewsDelinquencies Up, Special Servicing Down On CMBS LoansMortgageorball 10 news articles »

KBS Buys 400 KSF Houston Office Tower for $69M - Commercial Property Executive (blog)

Commercial Property Executive (blog)KBS Buys 400 KSF Houston Office Tower for $69MCommercial Property Executive (blog)The vacancy rate for Class A properties in Houston dropped to 8.8 percent in the third quarter, marking the lowest figure since 2008, according to a report by commercial real estate services firm CBRE Group Inc., which began marketing 1800 West Loop ...and more »

Cole Acquires Retail Center in Brooklyn, NY for $124M - Commercial Property Executive

Cole Acquires Retail Center in Brooklyn, NY for $124MCommercial Property ExecutiveIn one of its largest multi-tenant retail transactions of the year, Cole Real Estate Investments has acquired Canarsie Plaza, a 278,000-square-foot shopping center in the Canarsie section of Brooklyn for $124 million. "This high-quality asset is ...

Empty property rates – relief for new commercial buildings announced - Lexology (registration)

Empty property rates – relief for new commercial buildings announcedLexology (registration)The Chancellor announced that all newly built commercial property completed between 1 October 2013 and 30 September 2016 will be exempt from empty property rates for the first 18 months (up to the state aids limit). Currently, there is only a 3 month ...Osborne's grace on empty ratesProperty Week Newsall 2 news articles »

Health Care REIT Expands Portfolio - Commercial Property Executive (blog)

Health Care REIT Expands PortfolioCommercial Property Executive (blog)The complex is one of 19 properties that Health Care REIT acquired in a recent $459 million sale/leaseback deal with Chicago-based Senior Lifestyle. Chicago-based private equity firm Walton Street was Senior Lifestyle's partner in seven of the 19 ...and more »

Jordan's Highest Residential Tower Tops Out - Commercial Property Executive (blog)

Commercial Property Executive (blog)Jordan's Highest Residential Tower Tops OutCommercial Property Executive (blog)The 2002-established Dubai-based DAMAC Properties is a private residential and commercial developer with projects abounding in the Middle East, but also spread around the globe. Up to date DAMAC has completed 37 buildings comprising 7817 units, ...and more »

Assemblyman wants Prop. 13 change for commercial property - Sacramento Bee (blog)

San Luis Obispo TribuneAssemblyman wants Prop. 13 change for commercial propertySacramento Bee (blog)Democratic Assemblyman Tom Ammiano said Thursday he will try to rewrite state tax laws that he believes allow businesses to avoid higher taxes when commercial property changes hands. Proposition 13, the landmark 1978 California tax change, limits ...Prop. 13 reform picking up steamSan Francisco Chronicle (blog)all 10 news articles »

Chambers Street Properties Buys 801 KSF Warehouse in Greater Baltimore - Commercial Property Executive

Commercial Property ExecutiveChambers Street Properties Buys 801 KSF Warehouse in Greater BaltimoreCommercial Property ExecutiveThe REIT, previously known as the CB Richard Ellis Realty Fund, did not disclose the tenant but Commercial Property Executive has learned that it is Noxell, a subsidiary of Procter & Gamble. Chambers Street Properties would only say that the property ...

Senate District 22 Special Election: Candidates Agree Commercial Property Tax ... - Patch.com

Senate District 22 Special Election: Candidates Agree Commercial Property Tax ...Patch.comThe two candidates for Senate District 22 differ on the issue of commercial property tax reform, sure to be a key issue when the 85th Iowa General Assembly convenes in January. Candidates in the special election, called after the Sen. Pat Ward's death ...Iowa legislators see property tax relief as priority, can't agree on frameworkSioux City JournalProperty tax ideas are poles apartDesMoinesRegister.comall 18 news articles »

Evesham ready to drop 'hammer' on some commercial property owners - phillyBurbs.com

Evesham ready to drop 'hammer' on some commercial property ownersphillyBurbs.comEVESHAM — The township is following through on plans to put the owners of several neglected commercial properties on notice to redevelop or prepare to move on. Two weeks after Mayor Randy Brown called out the proprietors of the nearly vacant Tri-Town ...

Retail's Big Renaissance

With more than 50 million tourists running amok each year, consumers feeling recharged, and throngs of foreign retailers streaming in, Manhattan's prime retail corridors are not only booming—they're expanding. High rents and low vacancies in prime corridors are changing the invisible boundary lines that once separated high- and low-end sections of Fifth Avenue, Madison Avenue, Greenwich Village ...

Decorus Realty reaches 100 agent milestone in record time

Almost faster than you can say "Sold!" Decorus Realty has welcomed 100 top producing agents - less than 10 months after the ultra-luxurious Decorus office opened in Sunny Isles Beach.

Agree Buys Two Premium Assets - Analyst Blog

Agree Buys Two Premium Assets - Analyst Blog

Vornado, Macerich Close on Kings Plaza Sale

NEW YORK CITY- Vornado Realty Trust and its affiliate Alexander's Inc. said late Friday that the $751-million sale of Kings Plaza Shopping Center in Brooklyn to the Macerich Co.

Cooper Square Realty Announces Greenwich Club Residences, Previously Declared "Unsafe" Due to Hurricane Sandy, Set to ...

Storm damaged condominium tower will reopen to residents early next week.New York, NY (PRWEB) November 30, 2012 New York property manager Cooper Square Realty, a FirstService Residential company, in conjunction with the Board of Managers of Greenwich Club Residences, has announced that the luxury condominium tower will reopen to residents early next week. The 452-unit apartment building, located ...

Digital Realty Trust Acquires Massive Data Center in New Jersey

November 30, 2012 -- Data center operator Digital Realty Trust announced on Friday it recently completed the acquisition of a redevelopment property that spans 271,000 square feet over a 34.31 acre site in Totowa, New Jersey. Keep on reading: Digital Realty Trust Acquires Massive Data Center in New Jersey

Agree Realty Announces Two Acquisitions; Portfolio Now Encompasses Over 100 Properties

FARMINGTON HILLS, Mich., Nov. 28, 2012 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) today announced that it has acquired a Big Lots store and a Dollar General Market. The 30,000 square foot Big ...

P560M realty tax projected

THIRTY years ago, there were no major developments in Barangays Lahug and Talamban, save for the Cebu Plaza Hotel in Nivel Hills. But this year alone, 13 new commercial establishments are about to rise in Talamban, based on the applications for building permits submitted to the Office of the Building Official (OBO). Barangays Apas and Lahug, which also share the Asiatown IT Park, have 24 ...

UAE: 50 Indian builders showcase projects at realty exhibition

(MENAFN - Khaleej Times) More than 50 builders across India are showcasing their properties at Times Realty India 2012, which concludes today at Sheraton Hotel â€" Corniche Road in Abu Dhabi. The ...

Ascent Sotheby's tops $100 million in sales

VAIL, Colorado - Ascent Sotheby's International Realty has celebrated its third anniversary by surpassing $100 million in year-to-date sales through Sept. 30, in what is expected to be its most successful year since opening in O Copyright 2012 Vail Daily. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Vail Daily Ascent Sotheby's tops $100 ...