A legal ruling potentially could give many debtholders across the U.S. new grounds to recover money from landlords who lost their properties to foreclosure.
Costar… A total of 420 buildings in 55 markets have now received the coveted BOMA 360 designation, which recognizes commercial properties for excellence in overall building operations and management. BOMA International went on to name the top five companies, each with 20 or more commercial buildings across the country to have reached BOMA 360 status:CBRE – 59 buildingsBrookfield Properties – 31 buildingsPiedmont Office Realty Trust – 24 buildingsParmenter… Read more here: BOMA 360 Grows to 420 Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net
The leading office landlord in California’s Silicon Valley, Mission West Properties Inc., is preparing to sell itself to the highest bidder. But the selling price is likely to fall short of the $1.8 billion the company nearly fetched five years ago.
Boston Properties Inc. and SL Green Realty Corp. reported stronger-than-expected quarterly earnings, a sign that the nation’s largest office landlords have been able to boost revenue despite tepid job growth.
After a tumultuous first year as chief executive of General Growth Properties, Sandeep Mathrani is about to make perhaps his boldest move yet: The shopping-mall owner is set to spin off 30 of its weaker malls.
Blackstone is set to buy 16 office buildings in a deal that would value the properties at about $800 million, cementing the group’s status as one of the most aggressive buyers of commercial real estate.
Hundreds of hotel and motel owners are fighting foreclosure, while others have lost their properties to lenders as a commercial real-estate slowdown has swept through the roadside lodging business in the U.S.
The Hong Kong government sold a residential site in the New Territories to blue-chip developer Sun Hung Kai Properties for $400 million in a land auction Tuesday.
Property developer Hang Lung Properties reported a 75% drop in fiscal-year profit as it refrained from launching completed residential projects in Hong Kong while the government moved to contain surging home prices.
Host Hotels is suing Molinaro Koger, alleging that the real-estate brokerage, which it hired to sell some of its hotels, set up front companies to flip the properties for its own profit.
Now I know what you are thinking, Bank of America cannot possibly be that stupid or that insane? This would be a blatant disregard for real estate law. I would tend to agree with you, I suspect that this is. … Commercial Real Estate & Multi-Family Loans – Both Debt & Equity – California & Nationwide. Retail – Office – Industrial – Hotels – Multi-Family – Student Housing – Single Tenant SBA Loans. Distressed REO Properties – Whole Loans …
Cassidy Turley announced its intention to acquire the brokerage and property management operations of Atlanta-based commercial real estate services firm Carter, a move that would gain it a significant foothold in the Atlanta and Central … Commercial Real Estate & Multi-Family Loans – Both Debt & Equity – California & Nationwide. Retail – Office – Industrial – Hotels – Multi-Family – Student Housing – Single Tenant SBA Loans . Distressed REO Properties – Whole Loans … Continue Reading: Updated: Cassidy Turley Bolsters Southeast Presence With Carter …
Costar… Government Properties Income Trust acquired 305 E. 46th Street in New York City from Extell Development Company for $114 million, or approximately $742 per square foot. The 16-story, 153,689-square-foot office building was built in 1928 and is located between First and Second Ave. in the United Nations submarket. The building currently houses the United Nations in a lease through 2018. James Gross of Williamson, Picket, Gross, Inc. represented… Go here to see the original: Government Properties Income Trust Acquires 305 E 46th for $114M Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net
With rising inflation and the potential of a real-estate bubble in the Philippines, can the recent growth last? Century Properties’ Robbie Antonio thinks so.
The nation’s biggest office landlords posted higher-than-expected profits in the first quarter, benefiting from the heavy concentration of their properties in relatively healthy cities like New York and Washington.