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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.
Stator Pump targets utility and commercial applications. (ThomasNet)
Wobble stator pump includes stator with elastic properties that maximize volumetric efficiencies and longevity by minimizing slip and friction at high pressures. Rotating unit features block design that directly couples pump with choice of 4 or 6-pole 3-phase motors, integrated vector-type variable speed gear motors, or mechanical variable speed drives. Device also features single universal ...
Dick Hogan - Commercial Property (The News-Press)
- Larry and Lorinda Close purchased a 1,584-square-foot commercial building on 0.62 acre at 19059 S. Tamiami Trail, Fort Myers, for $410,000. Michael Frye, CCIM, and Steve Spinosa of the Frye Commercial Group at RE/MAX Realty Group Commercial Division, negotiated the transaction.
BentleyForbes Announces 91,103-Square-Foot Lease with Hunton & Williams at Iconic Bank of America Plaza Office Tower (Business Wire via Yahoo! Finance)
ATLANTA----BentleyForbes, owner of Atlanta’s iconic Bank of America Plaza office tower, today announced that international law firm Hunton & Williams LLP has renewed their office space lease at the tower with a new agreement encompassing a total of 91,103 square feet of Class A office space on four floors.
Sell versus lease stalls DeSoto Police Jury land deals (The Shreveport Times)
Police jurors had agreed to sell land at the west industrial park for $6,000 an acre. The verbal agreements were moving forward until District Attorney Don Burkett advised the Police Jury in December that it must first get an appraisal, advertise the land for sale and have a public hearing to allow comments.
Proposed downtown office buildings off to mixed starts (BizJournals)
THEN Date: March 14, 2008 Headline: ‘Downtown office towers jump off starting block in tandem’
Four Dallas-area industrial buildings sold (Dallas Morning News)
Investor RREEF has sold four Dallas-area industrial buildings to a local partnership. The buildings in Carrollton and Richardson contain almost 250,000 square feet.
Commercial property-the next domino to drop (Calcutta News)
2009 is expected to be a bad year for US commercial real estate.
PRESS RELEASE: Fitch Downgrades Triton CMBS (Nasdaq)
UK commercial property values have declined significantly since the transaction closed, while the securitised portions of the loans do not amortise, resulting in increased balloon repayment risk.