Business Specialties
Economy Watch: Brookfield Aims to be GGP Stalking Horse
General Growth Properties Inc. has filed documents with the U.S. Bankruptcy Court for the Southern District of New York describing its proposed deal with Brookfield Asset Management, Pershing Square Capital Management and Fairholme Capital Management.
Weight Watchers Brings Cassidy Turley to the Leasing Table
Real estate service provider Cassidy Turley has been named the exclusive U.S. real estate representative for New York-based Weight Watchers. Under the agreement, which was announced Wednesday, Cassidy Turley will also provide project management services to the firm.
Economy Watch: Case-Shiller Index Bumps Up Again
The latest S&P/Case-Shiller home price index, which tracks residential valuation in 20 major U.S. metro areas, saw a 0.3 percent uptick in January 2010, compared with the previous month. It was the eighth time in a row that the index inched upward, with 12 of the 20 areas registering gains for the month.
Sperry Van Ness Implements New Mobile Marketing Technology
Commercial brokerage firm Sperry Van Ness has begun using a mobile marketing platform known as Qonnect.mobi for its commercial property listings.
Consumer Confidence on the Rebound in March
After a decrease last month, the Conference Board Consumer Confidence Index took a decided turn for the better in March.
Economy Watch: Florida Condo Project Taps Pent-up Demand
If the experience of a recent non-foreclosure residential property auction in Florida is an indication, there’s pent-up demand for properties out there, at least for well-located and even upscale properties. The trick is figuring out a way to tap the demand in spite of hesitation among buyers who have the wherewithal to buy.
Economy Watch: Chinese Investor Buys LA Hotel at Serious Discount
Some real estate investors still seem to believe in the future of the United States — and the U.S. hotel market in particular, which has taken more of a drubbing than other properties types since the recession began.
Long Wait for Growth May Be in Store, Linneman Tells NAI Global Forum
Prospects for the U.S. economy, public policy and commercial real estate industry drew a mixture of skepticism and cautious optimism in New York City this week at NAI Global’s annual market outlook.
Economy Watch: B of A to Forgive Some Borrowers Some Debt, Sometimes
Has Bank of America decided to play nice with underwater Bank of America mortgage holders? Would such a thing even be possible? Maybe so.
Lenders Come Out Strong for Two $70M Financings for NYC Office Buildings
Tangible evidence of the defrosting of credit markets continues to emerge.