Many U.S. Commercial Real Estate Markets Hurting From Weak Job Growth, Says NAR

Posted by Michael Gerrity 08/26/10 10:00 AM EST

According to the National Association of Realtors (NAR), the U.S. commercial real estate sector, hurt by weak job growth, are now offering various incentives in many areas that are conducive to luring new tenants or expanding existing tenants. Read More

Las Vegas' CityCenter Expands Highend Retail Tenant Base

Posted by Michael Gerrity 08/18/10 1:04 PM EST

By year's end, Crystals retail & entertainment district will add 12 new brands to its exceptional collection of retailers and dining concepts, including flagship stores for Prada and GUCCI; as well as boutiques for Yves Saint Laurent, Balenciaga, Stella McCartney, ... Read More

After $6 Billion Buying Binge, Middle East Investors Shun U.S. Commercial Real Estate

Posted by Kevin Brass 08/18/10 12:47 PM EST

Two years after buying almost $6 billion in U.S. commercial real estate--more than Europe, Asia and the Americas combined -- Middle East investors have almost disappeared from the American market. Read More

L.A. Engineering Firm Buys Tishman Construction for $245 Million

Posted by Alex Finkelstein 08/04/10 12:22 PM EST

Two of the biggest names in the international commercial engineering and construction realms have married. In a cash and stock deal, Los Angeles-based Aecom Technology Corp. (NYSE: ACM) has acquired privately-held Tishman Construction Corp. for $245 million. Read More

Commercial and Multifamily Mortgage Originations Increase in Q2, But Remain Flat Over Last Year

Posted by Michael Gerrity 07/28/10 12:10 PM EST

According to the Mortgage Bankers Association's (MBA) quarterly survey of commercial and multifamily mortgage bankers originations, ... Read More

Miami's 1450 Brickell Office Tower Signs Major New Leases

Posted by Michael Gerrity 07/27/10 8:40 AM EST

(MIAMI, FL) -- The 1450 Brickell building is on a roll these days. The 35-story, 582,817 square-foot 'class-A' office tower in downtown Miami's Financial District has finalized office leases with financial services firm BNY Mellon, Read More

Morgan Stanley Faces $5.4 Billion Loss from Key Real Estate Fund

Posted by Alex Finkelstein 07/21/10 3:46 PM EST

A whole big shakeout of real estate funds held by U.S. investment banks is on the table. Morgan Stanley, the biggest real estate investor on Wall Street, ... Read More

Private Equity Fund Pays $95 Million for Four Class A Office Buildings in South Florida

Posted by Alex Finkelstein 07/21/10 8:00 AM EST

NGP Fund V LLC, a private equity fund believed to be based in Washington, DC, has paid $95.1 million for a 196,915-square-foot, class A office building portfolio leased entirely to the federal General Services Administration, the largest landlord in the U.S. Read More

4,587-Acre Colorado Mixed-Use Site Back on the Market at Discounted Price

Posted by Alex Finkelstein 07/19/10 8:00 AM EST

With an estimated value in 2007 of $400 million or $8,720 per acre, a prime Northern Colorado mixed-use site is back on the market for $173 million or about $3,732 per acre. Read More

Fortress Swoops Down on Distressed Commercial Assets with $550 Million Buy

Posted by Alex Finkelstein 07/15/10 1:40 PM EST

New York City-based Fortress Investment Group LLP (NYSE: FIG), with $42 billion in assets, has shelled out a total $550 million to purchase CW Financial Services of Needham, MA and KK daVinci Holdings of Chuou-ku, a financial district in the center of Tokyo. Read More

Global Commercial Real Estate Roundup

Posted by Alex Finkelstein 08/13/10 8:15 AM EST

No Hip Hip Hoorays at British Land Co. these days. The United Kingdom/s second-largest real estate investment trust reports the value of its shopping centers and offices grew at a slower pace in the past three months as the economic outlook worsened. Read More

Calgary Ranked as Top Investment City in Canada

Posted by Alex Finkelstein 08/11/10 8:00 AM EST

Calgary, a Western Canadian city with a population of 988,000, is considered the best site in Canada for real estate investors. The location was chosen by member of The Real Estate Investment Network which, coincidentally, Read More

Bill Could Boost Foreign Investment in U.S. Real Estate

Posted by Kevin Brass 08/09/10 1:06 PM EST

A bill that would make U.S. real estate trusts more attractive to foreign investors easily passed the House of Representatives today. Read More

Top Chinese Developer-Investor Sees No Bubble Surfacing in Either Beijing or Hong Kong

Posted by Alex Finkelstein 08/09/10 8:15 AM EST

Few individuals are closer to the real estate scenes in China or Hong Kong than Wilfred Wong. He is a deputy of the National Congress of the People's Republic and also executive chairman of China, Pacific Star Group, ... Read More

GLOBAL COMMERCIAL REAL ESTATE ROUNDUP

Posted by Alex Finkelstein 08/06/10 8:33 AM EST

EPN GP LLC of Northbrook, IL has invested $116 million in Australia-based Macquarie DDR Trust. The trust has been renamed EDT Retail Trust. EPN holds about 48 percent ownership interest in the trust. Read More

Dubai to Host First Cityscape Awards for Architecture in Emerging Markets

Posted by Alma Kadragic 08/03/10 10:03 AM EST

(DUBAI, UAE) -- Projects with outstanding creative design, performance, sustainability, and vision from emerging markets in the Middle East, Africa, Latin America, and Asia are competing for top honors at the first Cityscape Awards for Architecture in Emerging Markets. Read More

UAE Decision to Cancel BlackBerry Services, Causes Uncertainty and Economic Fallout

Posted by Alma Kadragic 08/03/10 9:33 AM EST

(ABU DHABI, UAE) -- Many BlackBerry users in the UAE have a hard time believing that the service will be truncated on October 11, reducing the device to a simple mobile with no email, internet, or messaging capacity. With 500,000... Read More

ATIC Signs Up for Space in Aldar's HQ Building

Posted by Alma Kadragic 08/03/10 9:05 AM EST

(ABU DHABI, UAE) -- The Advanced Technology Investment Company (ATIC), created by the government of Abu Dhabi to focus on investments in advanced technology announced today that it is moving its head office to the circular HQ Building created by Aldar. Read More

Aldar Reports Loss for H1 but Expects Upturn in H2

Posted by Alma Kadragic 07/30/10 10:35 AM EST

(ABU DHABI, UAE) -- Aldar Properties PJSC, Abu Dhabi's leading property development investment and management company, yesterday announced a net loss of $215 million for the first half of this year. This compares to a net profit of $313.3 million for H1 in 2009. Read More

GLOBAL COMMERCIAL REAL ESTATE ROUNDUP

Posted by Alex Finkelstein 07/30/10 8:30 AM EST

Oak Brook, IL-based Inland Real Estate Corp. (NYSE:IRC) has acquired The Point on Clark Street, a 14-year-old, 100-percent leased shopping center in Chicago's affluent Lincoln Park neighborhood for $28.8 million or about $262 per square foot. Read More