Allison Landa
Ground Breaks on $300M George W. Bush Presidential Center in Dallas
Designed by celebrated architect Robert A.M. Stern, the Bush Center will mark the country’s 13th presidential complex.
Today’s Market Provides a Jolt of Reality
By Ken Riggs, Real Estate Research Corp.
With growth still very weak, inflation nearly non-existent, and the unemployment rate at 9.6 percent (the longest period of time that the unemployment rate has been 9.5 or higher since the U.S. began keeping records in 1948), it was no surprise that the Federal Open Market Committee decided to purchase another $600 billion of treasuries over the next eight months in an attempt to re-ignite the economy.
JLL Fall U.S. Capital Markets Investment Outlook: Future Looks Bright
The report shows a sharp uplift in total investment transaction activity during the first three quarters of this year. JLL finds that nearly $60 billion in investment trades were made, up 83 percent from the same period in 2009.
Construction Lending Market Re-Emerges
By Tim Fish and James Tramuto, Jones Lang LaSalle
Banks are slowly but surely shoring up their balance sheets. In need of assets that earn well, they are lending on commercial real estate again.
NAREIT Report: Looking at the Big Picture
Strategies for the future and lessons learned from the recession fueled a lively exchange among REIT industry leaders at the National Association of Real Estate Investment Trusts’ annual convention in New York City.
Gulfstream to Spread its Wings in Savannah with $500M Expansion
The company will execute its multifaceted development endeavor over a period of seven years.
Economy Watch: Retail Sales See October Surprise
U.S. retail sales saw an unexpectedly pleasant 1.2 percent upward bounce in October compared with September, according to the U.S. Census Bureau. Compared with October 2009, retail sales were 7.3 percent higher last month.
NAREIT Report: REIT Leaders Size Up Industry’s Gains, Challenges
Having weathered two harsh years, the REIT industry is poised to take advantage of significant opportunities for growth during the next couple of years. That was the consensus of leading industry players during the wide-ranging opening session of the National Association of Real Estate Investment Trusts’ annual convention Monday afternoon in New York City.
Underhill Named C &W CEO of Americas Region
The real estate veteran, who will be based in Washington, D.C., will oversee branch and area leaders in the United States, Canada, Mexico, Argentina, Brazil, Colombia, Ecuador, Peru and Venezuela.
2.8 MSF MOB Portfolio to Trade for a Half-Billion Dollars
Senior Housing Properties Trust — the owner of seniors housing communities, rehabilitation hospitals, wellness centers and medical office buildings — has signed on to acquire 27 medical office buildings from CommonWealth REIT for $470 million.