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Commercial real estate trends in Juneau Alaska are hot

Wed, 31 Oct 2007 13:11:32 -0500

The tourism industry in Juneau is keeping retail property sales busy downtown and an influx of big box retailers has piqued the interest of smaller national chains, according to local brokers.

"National retail chains study each other very carefully and they realize Juneau is an economic hub for the entire region. People like to come here to shop from around Southeast Alaska," said Carlton Smith, a broker who deals exclusively in commercial real estate.

Commercial real estate in Pittsburgh gets good grades

Sun, 21 Oct 2007 00:00:00 -0500

Pittsburgh's commercial real estate market was rated among the 10 “most troubled” of 60 metropolitan markets across the nation by Moody's Investors Service in 2005.

Two years later, Moody's third quarter Red-Yellow-Green report showed continuing improvement in the real estate market with the region tying Tucson and Minneapolis for sixth-best market in the nation.

Commercial real estate headed for correction

Naomi M — Thu, 18 Oct 2007 11:25:11 -0500

A survey by the Urban Land Institute and PricewaterhouseCoopers, reveals the U.S. commercial real estate market will slow in 2008 but still outperform returns on both U.S. stocks and bonds.

A “healthy correction” is ahead for the commercial real estate market “that will likely bypass long-term investors but penalize late-to-the-game speculators and overleveraged buyers,” according to a news release about the survey.

Commercial real estate still strong as investors buy US apartment REIT for $13.6 billion

Naomi M — Mon, 08 Oct 2007 00:00:00 -0500

Tishman Speyer Properties and Lehman Brothers Holdings completed the purchase of Archstone-Smith Trust, the biggest U.S. apartment real estate investment trust, for $13.6 billion.

Tishman and Lehman said Fannie Mae bought a $7.1 billion credit facility secured by 105 Archstone multifamily properties. Freddie Mac also supplied $1.8 billion of financing, secured by at least 32 multifamily properties. The total price of the acquisition was about $22.2 billion, including Archstone debt, the companies said.

Commercial real estate in Southwestern region of U.S. will prosper

Tue, 19 Jun 2007 00:00:00 -0500

Commercial real estate markets in the Southwestern region of the United States are particularly well-positioned to benefit from U.S. population growth and strong local economies, according to a new report from NAI Global, the world's premier network of independent commercial real estate firms.

"Historically, U.S. workers have followed the jobs, but we are now seeing a dramatic shift in business practices," said NAI Global President & Chief Executive Officer Jeffrey M. Finn.

Lafayette apartments will cut energy costs by 50-percent

Fri, 08 Jun 2007 00:00:00 -0500

The new Eagle Place affordable apartments being built along South Boulder Road in Lafayette, Colorado, is green - not in the paint, but in energy savings.

"This project will use nearly half the energy for comparable housing," said developer, Amory Host. The development features solar voltaic panels and solar thermal panels - providing electricity and hot water.

In 5 years top commercial real estate market will be China

Wed, 06 Jun 2007 00:00:00 -0500

China's commercial real estate transaction grew by 68 per cent year on year to 9.2 billion US dollars in value in 2006, the third largest in Asia Pacific area, according to the latest report published by renowned global real estate service provider Jones Lang LaSalle.

The report also says that China will play a more active role in global real estate markets after Chinese insurance capital and state foreign exchange reserve get approval to invest in overseas property assets.