The US General Services Administration (GSA) has acquired Columbia Plaza in the Foggy Bottom district of Washington, according to a report from GlobeSt.com. The government purchased the 511,500sf class C office building from a partnership between Normandy Real Estate Partners … Continue reading →
Forbes reports that New York-based real estate investment firm GTIS Partners (Golden Tree InSite Partners) has brought in a total of $810.2 million from 24 institutional investors to put toward real estate projects in São Paulo and Rio de Janeiro … Continue reading →
42Floors is a new free search engine for commercial property. It compiles data from multiple sources (brokerages, landlords, craigslist etc…) and provides the public with direct access to these listings so that their first point of contact does not necessarily … Continue reading →
Mike Donnelly writes in The Washington Post that distressed commercial real estate in the United States totaled $166.9 billion in January 2012 – down $4.7 billion since October 2011. Divided by sector the numbers are: Office: $41 billion (decrease of … Continue reading →
Commercial Property Executive reports that research and analysis firm CNA has preleased 173,000sf at 3001 Washington in Arlington VA. Construction is yet to commence on the 200,000sf office building. The ten-story, LEED-certified structure will be one block away from the … Continue reading →
2011-Q4 Average Cap Rates in DC: Office: 6.5 Retail: 11.25 The first time you get pulled over and two-handed a traffic citation may be a chilling cipla tadalafil 20mg affair. VigRX Plus? works by viagra tablet for sale accretion … Continue reading →
Bloomberg Businessweek reports that BOS International of Lloyds Banking Group Plc is selling its distressed loans with the intention of leaving the commercial property market. The distressed loans are worth $2.2billion (A$2.1 billion) at face value. The sale will take several … Continue reading →
Michael Gerrity reports for the World Property Channel that the commercial real estate market is recovering at a robust pace in Miami. The article – citing the National Association of Realtors February Commercial Real Estate Outlook – states that CRE vacancy … Continue reading →
The Wall Street Journal reports that officials in the southern Chinese city of Guangzhou are being more aggressive in enforcing laws that prohibit foreign individuals (including residents of Honk Kong, Macau and Taiwan) from buying commercial real estate. Retail property … Continue reading →
Business Wire reports – referring to data from an Ernst & Young survey – that investors believe the nonperforming CRE loan market will remain active for two to four more years. Last year saw investment activity at its highest level … Continue reading →