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Office Demand Is Down, and So Are the Deals (New York Times)
By most accounts, the commercial property market reached its pinnacle in early 2007 with the Blackstone Group ’s acquisition of Equity Office Properties Trust and its prized cache of more than 500 office buildings.
Industrial park could create economic opportunities (Eastern Arizona Courier)
A proposed light-industrial park on Safford’s east side will allow the city to market itself across the United States and will create opportunities for local companies to expand, Safford Community and Economic Development Director Pete Stasiak said.
Mercator Minerals Ships First Copper Concentrates at Its Mineral Park Mine (CNW Group via Yahoo! Finance)
Mercator Minerals Ltd. is pleased to announce that it has commenced shipping copper concentrates from its newly expanded Mineral Park Mine in Arizona, less than two years from completion of its December 29, 2006 Technical Report.
ProLogis to Sell China Operations, Interest in Japan Funds to GIC for $1.3B (Commercial Property News)
Looking for ways to quickly cut debt and strengthen its balance sheet, industrial REIT giant ProLogis said it was selling its China operations and a 20 percent interest in its Japan property funds to GIC Real Estate for $1.3 billion.
Projects responding to needs for new services (Richmond Times-Dispatch)
The concrete hardly has time to cure on one hospital-building project before the foundation is being poured for another. . Last summer, Bon Secours Richmond moved its Heart Institute into new medical-office space at Reynolds Crossing in western Henrico County. In October, VCU Health System opened a 15-floor Critical Care Hospital with mostly single-patient rooms on the congested downtown medical ...
DJ DGAP-PVR: Publication according to § 26 paragraph. 1 WpHG with the objective of Europe-wide distribution (Financial.de)
alstria office REIT-AG / Release of an announcement according to Article 21, Section 1 of the WpHG [the German Securities Trading Act] (share) 05.01.2009 Release of a Voting Rights announcement, transmitted by DGAP - a company of EquityStory AG.
China PBOC Official: Agencies Discussing Plan For REIT Trial (Nasdaq)
BEIJING -(Dow Jones)- China's government agencies are discussing a plan to launch a trial for real estate investment trusts, a senior central bank official said Tuesday.
Commercial real estate's 2008 ride was bumpy (Daily Press)
After a year of "examining," the local market is projected to take a hit from the slow economy in 2009. The region's commercial real estate market had some ups and downs in 2008.