The New York Times reports that in the next 24 months, almost every block in a one-mile stretch of 14th Street in Northwest Washington will have a new or renovated mixed-use building. Once the projects are completed, this section of … Continue reading →
A 16,016sf 24-hour Walgreens in Las Vegas recently sold for $27.8 million ($1,736/sf) making it the highest-traded single-tenant net-leased drugstore in the US, according to a GlobeSt.com report. The property is located at 3025 South Las Vegas Blvd., two blocks … Continue reading →
Hong Kong real estate rates have risen by more than 50 percent since 2009 due to high demand and constricted supply. The Economist reports that the government in Hong Kong has a monopoly on land and the amount of land … Continue reading →
The planned 150-story Chicago Spire remains a pit in the ground four years after construction stopped due to financing challenges and the global recession. The two-acre parcel on which the Spire was to be built is located in a coveted … Continue reading →
CoStar reports that banking regulators have closed six banks in the past two weeks. Commercial real estate exposure was a major cause of the failures. The six banks have total combined assets of $1.5 billion and they were holding $159 … Continue reading →
Office rents in Washington, DC range from 14.54/sf to 85.63/sf with the average at 50/sf. The vacancy rate is 16.5 percent and year-to-date net absorption is at These make the internet the best place to buy Kamagra. cost levitra Though … Continue reading →
The New York Times cites a report by KC Conway of Colliers International showing that commercial real estate appraisals are consistently inaccurate. Of the 2,076 properties studied, 64 percent were appraised above the sale price by a total of $1.4 … Continue reading →
Hariharan Ganesan writes for the Jones Lang LaSalle Blog that continued development and improving transparency in the real estate markets of the southern Indian cities are propelling places such as Bangalore, Chennai and Hyderabad to a global status alongside Mumbai … Continue reading →
Construction spending in commercial real estate totaled $92.3 billion, increasing more than 12 percent from 2010, according to a NAIOP Research Foundation report authored by Stephen Fuller of George Mason University. The total economic impact of the development (pre-construction, construction … Continue reading →
Over the past decade, self storage companies provided the best risk-adjusted return among the 10 US real estate investment trust (REIT) indices, according to Bloomberg. Self storage had a risk-adjusted gain of 10.6 percent. Healthcare REITs provided a risk-adjusted return … Continue reading →