On a summer day a little more than one year ago, Gary Kirke sat in his office at West Glen Town Center and remarked that the unique retail, office and residential community was recession-proof.
Maybe …
Privately owned housing starts declined 11.7 percent to an annual rate of 519,000 in October from September, the U.S. Department of Housing and Urban Development and the U.S. Census Bureau said today. In October 2009, …
The economic downturn has made it more difficult for the federal government to sell real estate, The Wall Street Journal reported.
The General Services Administration, or GSA, which manages approximately 380 million square feet of …
The Downtown Community Alliance (DCA) last week officially unveiled EcoCore, a new program designed to give environmentally conscientious owners of office properties a competitive edge in the marketplace.
Glenn Lyons, the DCA’s president and CEO, …
More than 1 billion square feet of commercial real estate have been certified under the Leadership in Energy and Environmental Design (LEED) program, the U.S. Green Building Council announced last week. Since LEED’s inception in …
The amount of commercial construction work under contract in September declined 3.3 percent from August, Bloomberg reported. But there is still 6.7 months of work in the commercial construction pipeline, which is well above the …
China’s big banks have stopped lending as the government works to quell an investment boom and surging home prices, Bloomberg reported. Citing China Real Estate Business, Bloomberg said the country’s top four state-owned lenders suspended …
The Altoona City Council approved an agreement that will direct annual payments to Adventureland Amusement Park for the next five years as compensation for sewage and stormwater retention improvements made by the company on its …
CoStar Realty Information Inc. reported that Des Moines-based Meredith Corp. signed a lease for 212,594 square feet on nine floors at 805 Third Ave. in New York City. The 31-story, 615,000-square-foot Manhattan office building opened …
Remove the adjective “toxic” from commercial real estate.
So says Kelly Rush, head of global property securities for Principal Global Investors LLC, who noted recently that even during the darkest days of the reorganization of …
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