In addition to keeping an eye on declining property values, falling rents and rising vacancy rate numbers, the commercial real estate community is also concerned over ominous signs in banking industry numbers.
One big area of concern is the fact that…
Full article: Thinning Loan Loss Coffers May Restrict CRE Lending ...
LeaseFlorida LLC in Miami Lakes, FL, foreclosed on two failed residential condominium projects. In the first deal, Cypress Bay condo project in the Sunset Harbor area of Miami Beach. Cypress Bay was a planned 20-unit with ground floor retail at 1225…
Full article: Investors Picking Up Unfinished Condo Projects ...
One Main Street LLC, a New York-based investment fund, agreed to acquire tiny Liberty Bank Inc. of Salt Lake City. The transaction is subject to regulatory approval.
One Main Street has filed an application to become a bank holding company with the…
Full article: Bank Watch: Building a New Banking Company Out of Distress ...
Commercial real estate lending is tentatively starting flow, but as any building owner will attest, credit isn’t easy to obtain and the onslaught of maturing commercial mortgages is eroding the confidence of investors.
U.S. banks and thrifts held…
Full article: Improvement Seen in CRE Liquidity, But Loan Maturities Loom Large ...
Commercial real estate lending has tentatively started to flow, but as any building owner will attest, credit isn’t easy to obtain and the onslaught of maturing commercial mortgages is chipping away at the confidence of investors.
The challenges to…
Full article: Recent Improvement in CRE Liquidity Welcomed, But Loan Maturities Loom Large ...
CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial…
Full article: Lease Up/Lease Down (Mar. 7-13): UBS Renews, Postal Service Unveils 10-Year Plan ...
The International Council of Shopping Centers’ (ICSC) latest Shopping Center Executive Survey showed that shopping center executives’ confidence in the present economic situation and expectations for the future, while muted, are better and improving….
Full article: Shopping Center Execs Voice Improving Confidence Despite Major Challenges ...
Eight regional commercial real estate firms that teamed up in January officially launched its new brand as Cassidy Turley on March 1.
The firms comprising Cassidy Turley include Cassidy & Pinkard Colliers in Washington, DC, Colliers Turley Martin Tucker…
Full article: NEW PLAYER: Cassidy Turley’s Mark Burkhart On Launching A New CRE Brand ...
Eight regional commercial real estate firms that teamed up to become one in January officially launched as Cassidy Turley on March 1.
The firms comprising Cassidy Turley include Cassidy & Pinkard Colliers in Washington, DC, Colliers Turley Martin Tucker…
Full article: NEW PLAYER: Cassidy Turley’s Mark Burkhart On Launching a Major New CRE Firm ...
General Growth Properties (NYSE:GGP) announced that a joint venture between Pershing Square Capital Management and Fairholme Capital Management said they would commit $3.925 billion of new equity capital, at a value of $15.00 per share, to facilitate…
Full article: Pershing Square & Fairholme Capital Offer $3.925B to General Growth ...
In this week’s edition of In The Pipeline, Forest City’s Atlantic Yards mixed-use project is scheduled to finally break ground this week. Meanwhile, another long delayed development project, the Guasti Historic District in Ontario, CA,has begun with…
Full article: In The Pipeline: CoStar Development and Construction News for March 7-13 ...
UBS is extending its stay at One North Wacker Drive in Chicago, also known as the UBS Tower. The Swiss financial services firm has renewed for 400,000 square feet in the office tower, a total of 13 floors.
The 10-year lease, set to commence in 2012…
Full article: UBS Renews, Consolidates in Chicago ...
Faced with a probable $238 billion shortfall over the next 10 years, the United States Postal Service has outlined a new plan to cut costs and return the agency to long-term profitability.
The Postal Service’s new plan outlined several additional…
Full article: 10-Year Plan Indicates Post Office Closures ...
This week in the Retail Roundup, CoStar reports on expansions or new concepts at TJX Companies and Kohl’s; closings, cutbacks, bankruptcy, default, receivership or foreclosure news at Swoozie’s and the Northgate Mall; acquisition, merger, loan, sale…
Full article: CoStar’s Retail News Roundup: Mar. 7 - 13, 2010 ...
Elbit Plaza USA, a new real estate investment venture jointly formed by Elbit Imaging and Plaza Centers N.V., has entered into a co-investment agreement with Eastgate Property, an affiliate of international real estate fund manager, NCH Capital. Specifically…
Full article: Elbit Plaza USA Aims to Invest up to $1B in U.S. Retail Real Estate ...