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Wallet squeeze: Apartment rents projected to rise again
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 ...
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.
Resource Capital Corp. Loan Originations Update
Resource Capital Corp. announced today that total Commercial Real Estate loans funded in the first quarter were over $165 million, which represents a 122% increase over the same period last year. The trailing ...
Former Starks building owner fought assessments before selling for $14 million
The Hertz Investment Group, a California company that owns office buildings around the country, pocketed $14.25 million this month when it sold the Starks building in downtown Louisville. Yet for the last two years, Hertz has been able to lower its annual property tax bill by insisting that the 14-story building is worth much less than that.
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 ...
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
Commercial property investing not for faint hearted
A fortune can be made in commercial property, but first time investors should be aware of the risks and do their research, experts say.
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 ...