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Expect weak reports from hospitality REITs as hotel revenues dwindle
RevPAR fell 7% year-on-year. Hospitality REITs are expected to turn in weak numbers as the reporting season rolls in, fuelled by declines in overall hotel revenues.
Updated: New industrial park planned for South Valley
A 24-acre industrial park, with a 108,800-square-foot warehouse as its opening phase, is planned by ...
Commercial Property Lending Reached $400 Billion in 2014: MBA
Loans made for office buildings, hotels, malls and other U.S. commercial property grew to $400 billion in 2014 from $358 billion the prior year, the third-highest mark on record, according to a survey by the Mortgage Bankers Association.
Andhra CM urges Chinese firm to develop industrial park
Hyderabad, April 14 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Tuesday urged China Harbour Engineering Company to create a Chinese industrial park in the state. On the third day of his visit to China, Naidu met Mo Wenhe, chairman of the China Harbour Engineering Company, who said the company is keen on replicating their China experience in Andhra Pradesh in infrastructure ...
Sale of two Class A office buildings in Houston's Energy Corridor closed by HFF
HOUSTON, TX - April 8, 2015 - HFF announced today that it has closed the sale of Westgate II and III, two Class A office buildings in Houston`s Energy Corridor submarket that are fully leased to Wood Group ...
Real estate transactions
Tarantino Properties will continue to handle leasing and management of the building while the new owner renovates the property. Griffin Capital Corp. announced the purchase of two recently completed office buildings in the Park 10 Regional Business Center in the Energy Corridor. The buildings are fully leased to Wood Group Mustang as part of the company's longtime headquarters campus. Peter ...
Fitch Affirms LNR's Special Servicer Rating for Commercial Real Estate Loans
Fitch Ratings has affirmed the commercial loan special servicer rating of LNR Partners, LLC's at 'CSS1-'.
Pointe Claire vision plan highlights industrial park’s need for new identity
Strategic plan a vision for the next four years: Mayor Morris Trudeau