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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 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 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 December 20, 2002 Parke Chapman |
Lower Manhattan law firm renews lease of 250,000 sq. ft. International law firm Cahill Gordon Reindel has renewed its lease for 250,000 sq. ft. in 80 Pine St. in Lower Manhattan. through 2020. The law firm has occupied the space in the 1 million sq. ft. building, located less than a quarter-mile east of the World Trade Center site, since 1963. |
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 May 27, 2003 Parke Chapman |
Chicago's CBD Vacancies Decline, But Troubles Persist Chicago's CBD office vacancy declined by almost half a percentage point during the first quarter, according to a report from CB Richard Ellis. Within the next few months, several large tenants will vacate substantial chunks of space. |
National Real Estate Investor September 2, 2003 |
Former World Trade Center Tenant Returns to Downtown Manhattan Almost two years to the day after its offices in 2 World Trade Center were destroyed by the terrorist attacks of Sept. 11, 2001, law firm Thacher Proffitt & Wood is returning to lower Manhattan. |
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 September 19, 2003 Parke Chapman |
Giant Lease Signed In Downtown Manhattan Law firm Cadwalader, Wickersham and Taft LLP has agreed in principle to sign a 20-year lease for 450,000 sq. ft. of office space at lower Manhattan's 1 World Financial Center. It would be the largest office lease signed in lower Manhattan since the 9/11 terrorist attacks. |
National Real Estate Investor July 9, 2003 Parke Chapman |
C&W: Manhattan Office Vacancy Ebbed In June Cushman & Wakefield reports on current conditions and outlook for the year in the Manhattan office market. |
National Real Estate Investor January 19, 2004 Parke Chapman |
PricewaterhouseCoopers Subleases 800,000 Sq. Ft. in Manhattan's 300 Madison PricewaterhouseCoopers has signed a long-term sublease for 800,000 sq. ft. at Brookfield Properties' 300 Madison Avenue building. The $800 million deal is believed to be one of Manhattan's largest leasing transactions since 2001. |
National Real Estate Investor January 5, 2004 Parke Chapman |
Law Firm Relocates from Midtown to Downtown Manhattan Midtown Manhattan law firm Morgan & Finnegan has signed a 100,000 sq. ft. lease at 3 World Financial Center. The lease gives the firm two full floors within 3 WFC, which is located directly across from Ground Zero. |
National Real Estate Investor January 28, 2003 |
Downtown Baltimore office tower sells for $50M A 380,000 sq. ft. office building in downtown Baltimore has sold for $50 million. Norfolk-Va. Based Harbor Group International (HGI) and a corporate investor bought the property, known as the First Union Tower, as part of a tax-deferred exchange. |
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, 2005 Nicholas Yulico |
Betting on a Rebound A surge in San Francisco leasing activity has propelled investors to pay record prices for trophy buildings in recent months. Skeptics wonder whether buyers are wise to bet on a recovery that may still be a ways off. |
National Real Estate Investor January 1, 2006 Jennifer Dawson |
Re-Energizing Houston Although the energy industry in Houston is enjoying a resurgence, the office sector continues to lag the broader economic recovery with a metro vacancy rate of nearly 18%. But increasingly the market appears poised for a major turnaround. |
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 July 23, 2003 Parke Chapman |
New York's Strategic Value A Cornerstone of CBRE/Insignia Merger With the merger between CB Richard Ellis and Insignia finalized, a new brokerage kingdom now rules New York City. |
National Real Estate Investor March 1, 2003 Parke Chapman |
Today the World, Tomorrow New York The storm came from the south, but the seismic force in commercial real estate came from the west. On Feb. 18, LA-based CB Richard Ellis announced a deal to buy Gotham's top brokerage, Insignia Financial Group, for $415 million. |
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 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 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 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 November 1, 2002 Christine Perez |
Pocket of Prosperity When Craig Hall began developing his first office building in Hall Office Park five years ago, there wasn't even a road that led to his 142-acre site in Frisco, a bedroom community about 25 miles north of Dallas -- now one of America's fastest-growing cities. |
National Real Estate Investor December 17, 2003 |
AMB Buys Industrial Properties In Europe and Japan Industrial REIT AMB Property Corp. is expected to announce today that it has bought 1.3 million sq. ft. of European and Japanese distribution facilities. The combined deals are valued at $108.4 million, according to The Wall Street Journal. |
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 July 23, 2003 |
On the Merger, Off The Record Several Manhattan-based real estate executives were queried on the impact of the now finalized merger between CB Richard Ellis and Insignia/ESG. None of the sources, save one, were anxious to go on the record. Here are some of their comments. |
National Real Estate Investor February 1, 2005 Paula Widholm |
Chicago is Back on the Upswing "Live, work, play" has been downtown Chicago's catchphrase since 2000. In recent years it's been amplified by a surge in new high-rise condo projects, office skyscrapers and a new nearly half-billion dollar lakefront park. |
National Real Estate Investor July 1, 2006 Morris Newman |
San Francisco's Bipolar Office Market Riding a High Investors in the seemingly bipolar San Francisco office market appear ready to bounce back. After three years of slow recovery, downtown San Francisco is ready to relegate the tech fiasco to the past. |
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 September 23, 2003 Parke Chapman |
Top Sales Broker Moves to Studley Two months after CB Richard Ellis bought Insignia/ESG, a star Insignia sales broker has jumped ship. Woody Heller, who only worked at Insignia/ESG since April 2002, will now join tenant rep firm Julien Studley. |
National Real Estate Investor July 1, 2003 |
American Financial Buys $769 Million Office Portfolio Fresh after its IPO last week, American Financial Realty Trust has purchased 158 properties from Bank of America Corp. for nearly $800 million. The 8.1 million sq. ft. portfolio consists of office buildings, banking and operations centers scattered throughout 19 states. |
National Real Estate Investor December 1, 2006 Beth Mattson-Teig |
Twin Cities Harbor Hidden Office Buys On the surface, the Minneapolis-St. Paul office market appears to be plodding along at a steady, yet unremarkable clip. But a closer look reveals a market that is bubbling with activity. |
Inc. November 2006 |
A Tale of Two Sites A look at two major Web players in commercial real estate. |
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 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 February 1, 2003 Parke Chapman |
One Step Closer to a Final Plan The Lower Manhattan Development Corp. is moving closer to redeveloping the site of the World Trade Center -- even as the need for 11 million sq. ft. of replacement office space is anything but urgent. |
National Real Estate Investor August 13, 2003 |
Kirkland's Signs On for 700,000 Sq. Ft. Distribution Center Home decor retailer Kirkland's has leased a 771,000 sq. ft. distribution center in Jackson, Tenn., that will be built by New York-based REIT Lexington Corporate Properties Trust. |
National Real Estate Investor November 3, 2003 |
REIT Sells Texas Office Building Mack-Cali Realty Corp. has sold an office building in San Antonia, Texas, for $11 million. The 20-story, 248,000 sq. ft. Riverview Tower is 71.2% leased. The buyer was Partners Investors LLC. CB Richard Ellis represented Mack-Cali on the sale. |
National Real Estate Investor July 1, 2005 Christine Perez |
A Tale of Two Office Submarkets It appears Dallas is on the verge of another economic rebound, with nearly all of the new office development occurring in two key submarkets -- Downtown/Uptown and Far North Dallas. But too much new construction could push buyers to other cities. |
National Real Estate Investor January 1, 2003 Bennett Voyles |
A Sky-High Tax Increase Still reeling from the recession and the terrorist attacks on the World Trade Center, the New York real estate industry now faces one more blow: an 18.5% increase in the city's real property tax. |
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 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 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 February 1, 2003 Ezra Fieser |
The Nation's Commercial Real Estate Capital? Washington, D.C., just might be the only commercial real estate market in the U.S. with bragging rights. |
National Real Estate Investor April 1, 2006 |
Nation's Largest Open-Air Retail Player Expands At 100% occupancy, Chesterfield Commons in St. Louis, the nation's largest open-air retail center with 1.9 million sq. ft., is making plans to expand with a $15 million, 200,000 sq. ft. retail addition. |
National Real Estate Investor October 1, 2007 |
Correction: Correction to the reported amounted of space that CB Richard Ellis manages globally. |
National Real Estate Investor August 1, 2011 Matt Hudgins |
Empire Building in Southern California Watson Land owns and operates more than 15 million sq. ft. of industrial space in the region and is one of Southern California's largest industrial developers. |
National Real Estate Investor April 1, 2006 Laura Ellis |
The Nissan Effect Nashville's commercial real estate market is riding high on the automaker's announcement that it will relocate its North American headquarters from Gardena, California, to the Country Music Capital by the end of 2007. |
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. |