the Editors of Commercial Property Executive
Join our 2011 CRE Index
We are still accepting submissions for our 2011 Commercial Real Estate Index, an all encompassing ranking of our industry’s finest. All company types are invited to participate. Survey are due September 20, 2011.
Detroit No Longer a Ghost City
By Veronica Grecu, Associate Editor
Motown’s most noticeable real estate developments and transactions were highlighted by Crain’s Detroit Business in an article published this week that shows the city’s steady economic development progress.
Detroit’s revitalization plan has been focusing on a series […]
Prewar Park Avenue Apartment Building Sells for $253M to Harry Macklowe
One of the more coveted addresses in New York City multi-family real estate has just moved off the books of the Katz 737 Corp. and into the hands of Harry Macklowe for a $253 million purchase price.
$350M Casino Drives Cleveland Forward
By Adrian Maties, Associate Editor
After the state gaming referendum passed in 2009, plans were set in motion all over Ohio to build casinos. Horseshoe Casino Cleveland will open in 2012, in the lower four floors of the Higbee Building at […]
An Attractive Healthcare Net-Lease Investment Property
By Toby Scrivner, Director, Stan Johnson Co.
For many investors, the healthcare asset class represents a targeted investment strategy within a growing business sector.
Incentives to Offset Residential Housing Include Smoke-Free Apartments
By Veronica Grecu, Associate Editor
A series of incentives meant to stir things up in the Chicago residential market may prove to be quite attractive for prospective renters or home buyers.
According to the International Business Times, Bank of America plans to […]
Multi-family Sales, Refinancing Moves in Downtown L.A.
By Alex Girda, Associate Editor
National City Tower is now up for sale, according to a RenTV.com story. The historic adaptive reuse development is a residential building and is now available for purchase at the asking price of $32.8 million. The […]
Detroit Welcomes Green Business Incubator in Zero Energy Building
By Veronica Grecu, Associate Editor
After more than two years, the renovation of one of the dilapidated buildings located at 4444 Second Ave. in Midtown Detroit is nearing completion. According to www.greengaragedetroit.com, the building dates back to 1920, when it served […]
Report Shows Increase in Detroit Home Sales
By Veronica Grecu, Associate Editor
Detroit region’s home sales rose 4.3 percent in May 2011 according to recent data released by MLS Realcomp II Ltd., a real estate information company based in Farmington Hills. The report quoted by Crain’s Detroit Business […]
Rental Demand High, Housing Prices Less so
By Alex Girda, Associate Editor
Real estate news this week revealed just how hard the recession has hit the market in recent years. A Denver Post story regarding the recent Standard & Poor’s/Case – Shiller Home Prices Index confirms that numbers […]