Skip to contentAccording to RentJuice Corporation, rental prices in New York City increased during the fourth quarter of 2011, which could prompt a spike in home sales. The report indicated that monthly rent rose from $3,267 in the third quarter to $3,299 in the fourth quarter – a 1 percent change. However, even though the increase was … Read more
The December inventory of homes for sale in Washington, D.C., was at the lowest level since 2005, Metropolitan Regional Information Systems reports. According to MRIS, the capital's inventory fell to just 10,684 available listings in December, the lowest since August 2005. In addition, new listings added during the month decreased by 17.6 percent to 2,712 … Read more
Washington, D.C., continued to have one of the best-performing housing markets in the nation, according to a recent report from Clear Capital. The report indicated that national home prices fell by 2.1 percent throughout the course of 2011. However, the median price of homes for sale in Washington, D.C., climbed by 3.5 percent in December … Read more
As is my policy, the one Dad and the rest of my ‘Bully Mentors’ drilled into me, I don’t allow myself a bold statement if I can’t back it up with a specific, empirical, richly detailed explanation. In fact, I say that to callers all the time. “Don’t let me get away with that garbage! … Read more
Private-equity kingpin Blackstone Group (NYSE: BX) made its latest foray into commercial real estate, joining forces with DDR Corp. (NYSE: DDR) in a deal to acquire a shopping center portfolio from EPN Group, an affiliate of Tel Aviv-based Elbit Imaging Ltd. The transaction, which is expected to close in June 2012, is valued at $1.43 … Read more
While on the surface, it may seem like a simple corporate name change, Grubb & Ellis Healthcare REIT II’s successful transition to Griffin-American Healthcare REIT II has spawned a host of changes, including several high profile defections and a shake up in capital market activities at several nontraded REITs. Griffin-American Healthcare REIT II this week … Read more
New reports issued this past week shine a spotlight on corporate segments experiencing continued stress, providing commercial real estate owners with an idea of where they can expect soft demand through 2012. In Standard & Poor’s opinion, companies in media and entertainment, consumer products and health care are among the most troubled in the U.S. … Read more
The Federal Reserve this past week issued aggressive and controversial recommendations for dealing with more $7 trillion in housing wealth loss since the onset of the Great Recession. Many economists agree that housing holds the key to a stronger and more widespread recovery in the U.S., and the Fed’s recommendations are intended to address the … Read more
In a move that could ultimately give full ownership of Archstone to bankrupt Lehman Brothers Holdings Inc., a judge on Wednesday approved Lehman’s right to match a $1.33 billion offer by Equity Residential (NYSE: EQR) and its chairman Sam Zell for a 26.5% stake in the apartment company. U.S. Bankruptcy Judge James Peck approved Lehman’s … Read more
Trane, Inc., a leading manufacturer of air conditioning systems, put the finishing touches last week on its 625,000-square-foot lease for the entire industrial building at 5200 Tradeport Dr. in Memphis, Tenn. The building was constructed in 1999 and was previously occupied by Hewlett-Packard. This will be Trane’s second large industrial presence in the Memphis area … Read more