Property Types
Retail
Lack of Discretion
May 09, 2008
In this tough economic climate, worried consumers have swapped “wants” for “needs.” As Ross Glickman, chairman & CEO of Urban Retail Properties L.L.C., puts it, “I think people are holding back on their discretionary spending. They’re waiting to see how the market goes.” That will potentially spell some hard times for specialty retailers that thrived during the long economic expansion—those in areas like jewelry, home electronics, clothing and restaurants.
Office
CT Takes Fleetwood HQ
May 09, 2008
Newport Beach, Calif.-based CT Realty Corp. has acquired Citrus Park, a 12-building office and industrial park in Riverside, Calif., from Fleetwood Enterprises Inc.
Multi-Family
Home In on Green Ratings
May 09, 2008
Home builders have lamented in recent years that the U.S. Green Building Council’s Leadership in Energy and Environmental Design standards for office and institutional properties apply to single- and multi-family properties awkwardly.
Closing the Door on Condos
May 08, 2008
In light of a less than stellar condominium market plagued by wary buyers, the doors of the sales center for Park 22, a 35-story luxury condominium tower planned for Center City, will shut on Friday, the Philadlephia Business Journal reports.
Industrial
Hospitality
Service Counts
May 09, 2008
Choice Hotels International Inc. prides itself on its relationship-building efforts. According to francishees, the extra effort is paying off.
Boxer, Real Estate Hotshot Sells Stake in Promotions Business
May 09, 2008
Oscar De La Hoya, owner of real estate development company Golden Boy Partners, has entered into an agreement to sell shares in his Los Angeles-based boxing promotions firm Golden Boy Promotions to sports and entertainment venue developer and presenter AEG.
Seniors Housing
Mixed-Use
Waterfront Toronto Selects Development Partners for West Don Lands
May 09, 2008
Waterfront Toronto, a entity set up by the Canadian federal government and the governments of Ontario and Toronto, has selected development partners for the first phase of West Don Lands, a mixed-use project that is in turn part of a much larger, decades-long redevelopment of 2,000 industrial or formerly industrial acres along Lake Ontario near Downtown Toronto.
The Most Comprehensive Real Estate News
Commercial real estate covers a variety of property types including commercial property, office, industrial, retail multi family and much more. Keep up with the latest real estate news, including news on shopping center investment and seniors housing developments.
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