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REIT taps new head of development and construction (BizJournals)
Corporate Office Properties Trust (COPT) has appointed Wayne Lingafelter to serve as president of COPT Development and Construction Services (CDCS) and Corporate Development Services (CDS). He replaces Dwight S. Taylor, who is retiring. (OFC)
St Albans law firm's optimism (St Albans & Harpenden Review)
A ST ALBANS law firm is defying the economic slump by appointing a new partner in commercial property, poached from a rival firm.
Industrial rents drop in fourth quarter (Las Vegas Business Press)
Las Vegas Valley industrial rents began a downward slide during the summer that continued into the fourth quarter, Grubb & Ellis Las Vegas reports. Property owners have tried aggressively to attract new tenants with free rent and upgraded finishes.
Commercial real estate prognosis (BizJournals)
If 2009 is no worse than 2008, those who own and lease commercial real estate will be relieved.
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 ...
Share prices end firmer, CI up three pct (The New Sabah Times)
KUALA LUMPUR : Share prices on Bursa Malaysia were firmer at close yesterday on follow through buying in selected heavyweights, particularly plantation stocks, dealers said.
Grubb & Ellis Predicts a Challenging 2009 for Commercial Real Estate as Economy Weathers Recession (PR Newswire via Yahoo! Finance)
Grubb & Ellis Company , a leading real estate services and investment firm, today released its 2009 Global Real Estate Forecast, which indicates that 2009 will be a challenging year for commercial real estate with the economy starting the year 13 months into what may become the longest recession since the 1930s.