RealEstateRama reports that The Boulder Group – an investment real estate service firm – represented the buyer in the sale of a Before knowing about the particular models, you should know the basic outlines. generic viagra professional continue reading to … 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 →
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 →
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 →
The Washington Business Journal recognized CoStar Group’s leaseback of its Washington headquarters building at 1331 L Street NW as the Best Real Estate Deal of 2011 in the Urban Office Sale category, according to MarketWatch. The 169,429sf Class A building … Continue reading →
StratfordPatch cites a Cushman & Wakefield report indicating a rise in Fairfield County vacancy rates. The average vacancy rate for Class A office space increased from 20.4 percent in the last quarter of 2011 to 21 percent in the first … Continue reading →
Ares Commercial Real Estate Corporation, a specialty finance company that invests in and manages middle-market commercial real estate loans has priced its initial public offering (IPO) of 7,700,000 shares of common stock at $18.50 per share, raising approximately $142.5 million … Continue reading →
A $2.4-million judgment against real estate developer David Schostak (of Schostak Brothers & Co.) is the subject of controversy and a legal battle in Michigan. Schostak guaranteed a loan that was pooled with others as a commercial mortgage-backed security (CMBS). … Continue reading →