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Commercial Real Estate News

In this section we've added RSS feeds from GlobeSt.com, CREOnline.com and the Wall Street Journal.  Click on a headline for a full story, then hit your back arrow for more headlines.
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GlobeSt.com Headlines
PHOENIX-The sale of partial condos La Terazza at Biltmore and Portofino for a combined $15 million show investor interest in half-sold projects.
WASHINGTON, DC-New construction delivering this quarter is significantly lower than the previous quarter as speculative development has all but ceased.
BERLIN-Investment reform law could see separation of private and institutional investors so that the latter are subject to a withdrawal notice period of one year.
CHICAGO-The capital infusion completes the $8 billion reorganization plan proposed by GGP and Brookfield Asset Management. No response yet from possible competitors.
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CPNOnline.com Headlines
The case for pessimism might now be spreading to Wall Street after its recent flirtation with the 10,000 highlands, since the Dow Jones Industrial Average was down 104.22 points, or 1.05 percent, on Monday, ending well below 9,900. The S&P 500 and the Nasdaq were also off, 1.17 percent and 0.59 percent respectively.


The green movement in commercial real estate has caught on like wildfire and even with the recession having left most clutching their pocketbooks, it continues to spread. Now Columbia, Md.-based Enterprise Community Investment Inc. plans to take the trend to new heights with the kicking off its $4 billion Green Communities initiative, which is designed to propel the greening of affordable housing development across the country.


Major commercial real estate lender Capmark Financial Group Inc. and various subsidiaries have filed for Chapter 11 bankruptcy, which last month the company had warned was coming. The move will allow the Capmark to reorganize and, very likely, delay selling off some of its $20 billion-plus in assets at less-than-desirable prices.


It's almost like the good old days of 2007 when loans over $100 million for commercial real estate practically rained from the sky. Undeniably, those times have not returned, but news that Brooks Shopping Center L.L.C., owner of the 1 million square-foot Cross County Shopping Center in Yonkers, N.Y., has gotten its hands on a $135 million first mortgage to finance the property's redevelopment certainly brings back good memories.


In testimony reminiscent of dogs getting credit-card applications approved back during the mid-2000s credit bubble, a Treasury Department inspector told Congress that kids as young as four years old have been able to receive $8,000 first-time homebuyer tax credits. “Some key controls were missing to prevent an individual from erroneously or fraudulently claiming the credit,” J. Russell George told the House Ways and Means Committee’s oversight panel on Thursday.


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Wall Street Journal CRE Headlines
Bank of America plans to announce that it is eliminating $35 overdraft fees on debit-card purchases as the bank tries to stay ahead of a sweeping round of regulations.
Apollo's purchase of Citigroup's real-estate investment business would give Joseph Azrack a second tour of duty.
With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand.
Mall owner General Growth Properties has bolstered its case for exiting from bankruptcy protection as a stand-alone company.
A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents.
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