Anna Spiewak

Is Now a Good Time to Sell Your Apartment Property?

By Robert Bach,National Director, Market Analytics, Newmark Grubb Knight Frank: As home prices are bottoming, sales are going up and housing is the most affordable it has been in nearly 40 years, now is a good time to sell your apartment property.

Breaking News: C&W to Buy Cousins’ Third-Party Client Services Group

Cushman & Wakefield will buy Cousins Properties Inc. third-party Client Services Group, located in Atlanta and Dallas.

Parmenter Closes Office Fund with $1B in Buying Power

Parmenter Realty Partners has closed its fourth investment fund with more than $300 million capitalization, which will allow the company a $1 billion office property spree.

Houston's Iconic Williams Tower Goes Up for Grabs

Hines REIT tapped Jones Lang LaSalle to help it sell its famous Williams Tower in Houston. The city landmark boasts 1.4 million square feet of office property and has been owned by the REIT for the past four years.

Alchemy Buys Condo Stake in Manhattan's Woolworth Building

Alchemy Properties Inc. purchased part of the Woolworth Building for $68 million. It intends to convert the vacant space into residential condominiums.

MGM, Morgans to Convert Hotel into Delano Las Vegas

Next year, Mandalay Bay hotel will swan into Delano Las Vegas, thanks to MGM Resorts International and Morgans Hotel Group. The partners will bring a new theme, design and outlook to the hotel inside the resort and casino.

Winds of Change

As the economy emerges from recession, corporations are rethinking their approach to their real estate. And UMS Advisory president Rakesh Kishan sees the changes as lasting, influenced in part by the maturation of outsourcing relationships.

Downtown Miami Population Growth: Good News for Commercial Real Estate Market

Much has been reported on Downtown Miami’s recent spike in residential occupancy, with nearly three out of four of the condo units built since 2003 now filled. The impact this population growth is having on Downtown’s real estate economy is already being felt: the area’s retail occupancy of 5% is among the nation’s lowest as business owners flood the area to serve and employ new residents. The next question on the minds of many observers is what impact residential occupancy will have on Downtown’s office market, where nearly 1.2 million SF of new class-A construction is slated to come online…