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Teachers union gets free office space from broke Philly school district
While local students are forced to go without basic supplies like toilet paper and textbooks, the School District of Philadelphia is giving away hundreds of thousands of dollars of free office space each year to the local teachers union.
Why your rent will rise again this year
The average U.S. rent has climbed 14 percent to $1,124 since 2010, according to commercial property tracker Reis Inc. That's four percentage points faster than inflation, and more than double the rise in U.S. home prices over the same period. "The only relief in sight is rents in the hottest markets are going to go up at a slower pace, but they're still going to go up," says Hessam Nadji, chief ...
RBNZ keeps eye on commerical property
The Reserve Bank of Australia isn't the only central bank keeping a close watch on the commercial property market - its New Zealand counterpart is also keeping a nervous eye on it as well. While much of the focus of the review, and most of the focus of subsequent media reports, was on the housing market, the RBA made pointed mention of the commercial property market and its growing vulnerability ...
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.
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 ...
Pair of suburban office buildings drops $126M in value since 2007
A slowdown in federal spending hurt. So did a growing desire by tenants to be closer to mass transit and places with a downtown feel.
Hunt Mortgage Group Facilitates the Acquisition of a Multifamily Property Located in Charlotte, North Carolina
Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided a $1.4 million Fannie Mae loan facility to enable the acquisition of a multifamily property located in Charlotte, ...
Fort Mill office buildings sold for $39.5 million
The three Class A office buildings total about 178,000 square feet, and opened in the last decade. The tenants include paper company Domtar, other corporate operations and two medical offices.
Sears And Seritage Growth REIT: What Investors Need To Know
Sears Holdings Corp (NASDAQ: SHLD ) on Monday announced its latest real estate joint venture – essentially a carbon copy of its April 1 announcement of a 12 property JV with General Growth Properties Inc ...
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