News
SPECIAL REPORT: Financing Movers and Shakers Fear Borrowers Will Be Next to Abandon Properties
Panel: The multifamily sector is surviving for now, but a slate of challenges threatens to tip the balance.
Economy Watch: Obama, Volcker Pitch New Financial Regulations
Paul Volcker to Congress: “My soul is going to come back to haunt you” if banks are allowed to make trades on their own accounts. Obama agrees, but Congress is wary. Meanwhile, D.R. Horton turns a surprise profit.
JLL: Shadow Space Dogs Boston
Shadow space will continue to dog the Boston market even as the overall economy improves, according to Jones Lang LaSalle.
Equity Residential Buying Luxury at Low Prices
February 2, 2010 By Allison Landa, News Editor Sam Zell’s Equity Residential is acquiring luxury at budget prices. The company is in the process of purchasing several high-end properties in Manhattan – perhaps in the hope of buying low to sell high. Earlier this year, Equity nabbed Shaya Boymelgreen’s stake in a lot at Tenth Avenue and West 23rd Street for the price of $11.25 million, along with paying $750,000 to other parties for land use. Zell reportedly is planning a 13-story project for the property, which will include 96 apartments as well as other facilities. Now Equity has announced…
Cushman & Wakefield Names Glenn Rufrano as CEO
Cushman & Wakefield has named real estate veteran Glenn Rufrano, formerly of Australia-based Centro Properties, as president and CEO.
Economy Watch: A Trillion Has Twelve Zeroes
Congress actually may be paying attention to the beleaguered commercial real estate industry, with many members sending a letter to the Fed and the Treasury asking those agencies to pay attention as well.
$3B Debt Forces Tishman and Blackrock to Return Peter Cooper/Stuyvesant Town Property to Creditors
Peter Cooper and Stuyvesant Village residents are wondering what is next after Tishman Speyer and BlackRock returned their keys to creditors.
Economy Watch: Heads the Banks Win, Tails the Government Loses
TARP comes under question, while tycoon Sam Zell keeps the faith for CRE.
Lone Star Funds Rescues Long-Suffering Lodgian with $270M Acquisition
Hotel firm Lodgian Inc. has a new lease on life after a $270M cash infusion from Lone Star Funds.
Cassidy Turley: Banking on Culture of Consistency
Cassidy Turley was launched by former member firms with Colliers International who chose to go a separate path once Colliers merged with FirstService.