Anna Spiewak
CoreNet Special Report: Keys to Establishing Good Internal Partnerships for Corporate RE Execs
Speaking at the CoreNet Global North American Summit being held this week in Las Vegas, Mark Gorman of Ciena Corp. gave advice for corporate RE executives on establishing and maintaining relationships with other departments within a company.
Economy Watch: Debt Ceiling Raised, Gov’t Open (For Now); Beige Book: Growth Still Modest
Finally on Wednesday, Congress voted to raise the debt ceiling so that the federal government doesn’t default on existing obligations and to end the partial shutdown of government operations. And according to the Beige Book, national economic activity continued to expand at a “modest to moderate pace” during the reporting period of September through early October.
Be Aware of ‘CAM’ Expenses
By Randolph T. Mason, CCIM, SIOR, Partner, Commercial Realty Specialists: Occasionally, a landlord may attempt to use the common area maintenance expenses as a profit center. It’s not uncommon to have the tenant reserve the right to audit the landlord’s expenses.
Shades of ’06-’07 Emerge for U.S. Equity REITs of ’13, But Much Has Changed
By Steven Marks, Head of U.S. REITs, Fitch Ratings: Recent bond yield spreads are signaling familiar territory, though Fitch Ratings is observing that U.S. equity REITs have a decidedly different plan of action during this credit cycle.
Big Apple Still #1 with Investors
According to Cushman & Wakefield’s annual Winning in Growth Cities report presented at EXPO Real this year, New York is still the crown jewel of commercial property investment on a global scale.
RFR to Give Manhattan’s 285 Madison a $65M Makeover
The 530,000-square-foot office tower is undergoing a $65 million repositioning that will convert the vacant property into a premier, state-of-the-art Midtown office destination that will add a little recreation to the workplace.
Economy Watch: Close but No Cigar; Housing Affordability Drops
Still no resolution was achieved at the White House regarding the debt ceiling. And housing affordability reached a four-year low in August because of increasing home prices this year and upticks in interest rates.