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National Real Estate Investor October 1, 2006 Stan Luxenberg |
Crossing the Hudson The office market in Midtown Manhattan is blazing hot, with asking rents at prime buildings topping $100 per sq. ft. That has sent some tenants heading for Northern New Jersey where it is possible to find rents in Class-A buildings for less than $35 per sq. ft. |
National Real Estate Investor January 1, 2005 Parke Chapman |
Office Glut at Ground Zero The jury decision on insurance liability for the World Trade Center could clear the way for five new office towers to be developed around Ground Zero in a larger plan that could cost as much as $9 billion. |
National Real Estate Investor June 1, 2006 Parke M. Chapman |
Ground Zero Office Glut in the Making? If Ground Zero's newest tower is any indication, filling space in the Freedom Tower and adjacent buildings will be a challenge. |
National Real Estate Investor September 1, 2006 H. Lee Murphy |
A Taxing Situation Everyone loves to complain about high taxes -- it's practically the national sport. But for Chicago office building owners, the complaints ring particularly true. |
National Real Estate Investor November 1, 2004 Parke Chapman |
Midtown Manhattan: A Pillar of Strength The real estate market in Manhattan is finally emerging from a three-year slump. Office leasing is on the rise, hotel vacancy rates are tightening and luxury retailers are flocking to Fifth Avenue's midtown shopping corridor. |
National Real Estate Investor October 1, 2005 Joe Gose |
The Office Investment Gamble Several office markets battered by the tech wreck that jolted Wall Street and led to a recession four years ago are still plagued by double-digit vacancies. But that hasn't fazed investors, who are generally paying more for properties today than they were in 2001 when the buildings were filled with tenants. |
National Real Estate Investor August 1, 2005 Parke Chapman |
Residential Rebound Four years after the 9/11 terrorist attacks, residential sales and rentals in Manhattan are soaring. |
National Real Estate Investor January 1, 2006 Parke M. Chapman |
Ground Zero Waiting Game Above-market asking rents and political bickering over Ground Zero's future are foiling developer Larry Silverstein in his quest to fill the $700 million 7 World Trade Center building. As of late December, just 40,000 of the total 1.7 million sq. ft. was leased. |
National Real Estate Investor May 1, 2003 Dana Dubbs |
A Towering Question These are trying days for Philadelphia's downtown office market. Now, three separate office developments are on the drawing board, including a $700 million world trade complex that would add 2.3 million sq. ft. of space. Local real estate professionals are skeptical. |
National Real Estate Investor May 1, 2005 Parke Chapman |
Finally, An Uptick in Office Rents Average rents nationally rose by 0.7% to hit $20.25 per sq. ft., up from $20.11 per sq. ft. at the end of 2004. In reality, scores of major office markets are still limping, and some won't make a full recovery for several years to come. |
National Real Estate Investor December 17, 2002 Parke Chapman |
Midtown Manhattan office building could fetch $1 billion Another Class-A office building in Midtown Manhattan is on the market. Located on 52nd Street in the heart of Midtown near Rockefeller Center, 666 Fifth Ave. could command bids as high as $1 billion, or more than $600 per sq. ft. |
National Real Estate Investor March 1, 2003 Parke Chapman |
Garden Variety Slump The northern New Jersey real estate market is limping through the murkiest economy in a decade. Occupancy rates across all property classes waned in 2002. Retrenching businesses dumped space on to a swelling sublease market, and prices for Class-A office space have softened. |
National Real Estate Investor September 30, 2003 Parke Chapman |
Mack-Cali Sells New Jersey Office Building for $194 Million The Mack-Cali Realty Corp. has sold its Harborside Financial Center Plaza 10 building for $194 million. The 577,575 sq. ft. Class-A office tower is located along the Hudson River in Jersey City. |
National Real Estate Investor December 1, 2002 Jessica Miller |
Office Properties: The Worst Could Be Ahead After hotels, the office sector is the biggest victim of the soft economy. And unlike the retail, industrial and multifamily sectors, experts predict that office fundamentals will continue to crumble before improvement begins some time in 2004. |
National Real Estate Investor April 1, 2003 Parke Chapman |
A Supply Glut In the Office Sector Over the past two years, as office markets softened, industry pundits predicted that things would not get as bad as they did in the last recession because this time the market was not overbuilt. It looks like they were wrong. |
National Real Estate Investor May 2, 2003 Parke Chapman |
Wells Continues Acquisition Spree Wells Real Estate Investment Trust has been busy this week. The unlisted office and industrial REIT spent over $245 million to buy two office buildings, including a 410,000 sq. ft. New Jersey office building and a 929,694 sq. ft. Minneapolis property. |
National Real Estate Investor May 1, 2003 Parke Chapman |
The Changing Brokerage Paradigm These are edgy times for commercial real estate brokerages. Office leasing volume is flat-lining, top brokers are switching firms and mergers are creating a new breed of mega-brokerages. |
National Real Estate Investor April 1, 2006 Bennett Voyles |
Beijing Goes for Gold The 2008 Olympics may be three years away, but right now the odds seem good that Beijing will set records in at least one event: the property value high-dive. But there are problems that threaten to drag the market down. |
National Real Estate Investor November 5, 2002 Parke Chapman |
Report: Manhattan office sales volume up 14% Manhattan's office sales market is booming despite a sluggish leasing climate that has kept vacancy high. |
National Real Estate Investor February 1, 2003 Chapman & Valley |
The Sublease Overhang: A 124 Million Sq. Ft. Headache When will vacancy rates return to normal and asking rents stop falling? The answer very much depends on how quickly the office market can clear out a whopping 124 million sq. ft. of sublease space -- about 25% of the total available space nationwide. |
National Real Estate Investor November 1, 2002 Matt Valley Editor |
New office supply is like rubbing salt into the wound Many real estate brokers, developers, and lenders say this is a demand-driven recession, that the industry didn't overbuild this time. The reality is it's also a supply problem in two of the historically biggest job-growth markets, Atlanta and Dallas. |
National Real Estate Investor June 1, 2005 Parke Chapman |
Drowning in Data Legions of analysts and data gatherers now provide a steady flow of information about occupancies, asking rents, sales per square foot, and so on for all markets and classes of commercial real estate. If this is transparency, it is of a highly murky vintage. |
National Real Estate Investor October 1, 2002 Margy Sweeney |
Chicago's `Long, Flat Bottom' Downtown Chicago continues to bustle with construction activity. This is a good sign and also a scary one. |
National Real Estate Investor November 1, 2002 Jessica Miller |
Office Fundamentals Continue to Crumble Climbing vacancies and a sluggish leasing market continue to dog the national office market. |
National Real Estate Investor October 16, 2002 Parke Chapman |
MetLife markets $2 billion office portfolio Insurer Metropolitan Life is selling nearly $2 billion worth of its nationwide real estate holdings, including Midtown Manhattan's 551 Fifth Avenue and two major Chicago office buildings. Of the 15 properties offered, all except one are office buildings. |
National Real Estate Investor January 12, 2004 |
Reckson Closes Purchase of 1185 Avenue of the Americas New York office REIT Reckson Associates has completed its acquisition of 1185 Avenue of the Americas in Manhattan. The 1.1 million sq. ft., Class-A property was purchased for $321 million. |
National Real Estate Investor October 9, 2002 Tony Wilbert |
Atlanta stalls as job growth dwindles If commercial real estate is to Atlanta what cars are to Detroit, then the engine is kaput, and AAA won't arrive for more than a year. |
National Real Estate Investor May 1, 2006 Parke M. Chapman |
Tenuous Office Recovery Boston's metropolitan market continues to lag the national office recovery -- and observers question if the market's near-term leasing momentum is sustainable. They cite two stubborn trends: an active mergers and acquisitions market, and a soft local economy. |
National Real Estate Investor December 24, 2003 |
Bank of America to Anchor Major Manhattan Office Project The 2.1 million sq. ft. office tower to be called One Bryant Park will be developed by the Durst Organization. |
National Real Estate Investor December 1, 2002 Matt Valley |
Forecast 2003 As 2002 limps across the finish line, the men and women who run the commercial real estate industry are looking to the Middle East for hints of what 2003 will bring. Industry execs agree that until the Iraq conflict is resolved the economic recovery won't gain any substantial momentum. |
National Real Estate Investor October 1, 2002 Ira Breskin |
Office Development Survives Tech Wreck Developers of i.park -- a 1.4 million sq. ft. reconfigured office complex 15 miles outside of Manhattan -- had to shelve their original vision of opening a "telco hotel." But i.park Holdings LLC is having success with a new strategy of luring tenants with special post-9/11 needs. |
National Real Estate Investor May 1, 2006 Parke M. Chapman |
Double-Edged Recovery Technology now appears to be curtailing office demand as fewer tenants feel the need to aggressively lease expansion space -- the heady formula that knocked national office vacancy down around about 12% by 2000. |
National Real Estate Investor May 20, 2003 Parke Chapman |
Inland Picks Up Six N.J. Properties Inland Real Estate Acquisitions Inc. has entered the New Jersey market, gobbling up six retail/mixed-use properties in the northern part of the state. |
National Real Estate Investor October 30, 2002 Parke Chapman |
Fifth Avenue office tower sells for $611 per sq. ft. Chicago-based Walton Street Capital bought the Midtown Manhattan office building. |
National Real Estate Investor April 16, 2003 Parke Chapman |
New leases chip away at lower Manhattan's vacancies More than 600,000 sq. ft. of office space in lower Manhattan was leased this week, pushing the downtown market's vacancy rate below 13% for the first time in a year. Two large leasing deals were responsible for the positive trend. |
National Real Estate Investor February 25, 2003 Parke Chapman |
Chicago landmark trades for nearly $500M After sitting on the market for four months, the Blackstone Group has sold the Aon Center in Chicago for roughly $475 million, or $190 per sq. ft. Atlanta-based Wells Real Estate, an active buyer in 2002, has agreed to purchase the tower, the third largest building in the U.S. |
National Real Estate Investor July 1, 2006 Stan Luxenberg |
Loading Up on Warehouses At a time when businesses are straining to meet global competition, companies are demanding more state-of-the art warehouses. That is pushing up prices. In some markets, land is at a premium. |
National Real Estate Investor September 23, 2003 Parke Chapman |
Office REIT Stung By Competitive Manhattan Market A decision last week by law firm Cadwalader, Wickersham & Taft to lease 450,000 sq. ft. at One World Financial Center was terrific news for lower Manhattan and WFC landlord Brookfield Properties, but quite the opposite for Boston Properties. |
National Real Estate Investor May 1, 2003 Carol Tice |
Listless in Seattle In March, state economists warned that Seattle won't see any sign of recovery before late 2004. But some developers are looking beyond the current miasma and are planning major new projects that they hope will open to a brighter scene in two years. |
National Real Estate Investor February 1, 2005 Parke Chapman |
Comcast Takes Philly to New Heights In 2007, a 975-ft. tall office tower will take center stage as Philadelphia's tallest skyscraper. Malvern, Pa.-based Liberty Property Trust is developing the $465 million Comcast Center in the heart of Philadelphia. |
National Real Estate Investor February 1, 2006 Jeanne Lang Jones |
Seattle's Day in the Sun Because of the strengthening economy, vacancy rates and rents are improving in the Puget Sound's two largest office submarkets -- Seattle and Bellevue, a suburban city located on the east side of Lake Washington about a 30-minute drive from downtown Seattle. |
National Real Estate Investor April 2, 2003 Parke Chapman |
Lower Manhattan vacancies declined in March For the first time in months, downtown New York City posted positive absorption of office space. A report from Cushman & Wakefield shows that downtown office vacancy fell from 13.7% at the end of February to 13.3% at the end of last month. |
National Real Estate Investor December 1, 2002 Jessica Miller |
Industrial: In Search of Stability For real estate investors seeking stability, warehouse space looks like a safe bet. The stalwart of the industrial sector, warehouse space is viewed as a smart defensive play because of its stable returns and short development timeline. |
National Real Estate Investor April 1, 2005 Alan Heavens |
Philly's Downtown Resurgence Downtown Philadelphia's renaissance offers a compelling argument that the region is primed for additional growth. Condos are hot and retailers are adding space, but office vacancies are high and likely to go even higher. |
National Real Estate Investor June 1, 2011 Michele Lerner |
Office Investment Magnet Experts believe Washington, D.C.'s real estate fundamentals are in place to keep the local office market healthy for the remainder of 2011. |
National Real Estate Investor October 1, 2002 Matt Kelly |
Boston's High-Tech Hangover Boston is an anxious place these days. Gone is the stellar real estate market of a few years ago. A malaise of high vacancy rates, falling rents and a development pipeline that clogged at the first hint of a recession have replaced the salad days of 2000. |
National Real Estate Investor January 1, 2003 |
A View From The Summit The problems facing commercial real estate CEOs at the dawn of 2003 are daunting. NREI tracked down five prominent CEOs to find out how they are handling the challenges facing their companies, their markets and commercial real estate in general. |
CFO February 1, 2006 P.B. Gray |
Striking a Balance on the Build-Out As rents rise across the country, CFOs are negotiating more aggressively to save money on the cost of outfitting new office space. |
National Real Estate Investor December 1, 2004 Parke Chapman |
Forecast 2005: Will Job Growth Finally Meet Expectations This Year? Economists and commercial real estate experts largely agree that U.S. job growth year-to-date can best be described as disappointing. |
National Real Estate Investor December 23, 2002 |
Wells buys office tower for $157 million Capping off a year-long acquisition spree, Atlanta-based Wells Real Estate Investment Trust has closed on a $157 million Class-A office tower in Glendale, Calif. The 545,000 sq. ft. Nestle Building was bought from Douglas Emmett Realty Advisors, an opportunity fund manager. |