SPH REIT's net property income up 3.7% to $40.3m in Q2
SPH REIT reported that its net property income grew 3.7% year-on-year to $40.3m in the second quarter, on back of higher rental income in both Paragon and The Clementi Mall. The REIT manager reported that while Paragon achieved rental uplift of 11.6% for new or renewed leases in the first half of the year, The Clementi Mall recorded a negative rental reversion of 8.8% on 2.0% of total net ...

US office space rent rises at fastest clip in a decade: report
Stepped-up business hiring pushed the rental price of U.S. office space up 3.1 percent in the first quarter, the highest quarterly gain in a decade, as demand for commercial real estate accelerated, according to Jones Lang LaSalle Inc .

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.

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-'.

More Lindemuth properties to go to auction in May
Two dozen commercial properties belonging to Topeka developer Kent Lindemuth will go to the auction block on May 8. United Country Real Estate's website shows 24 properties owned by Lindemuth or entities linked to him that will go on sale.

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 ...