Continue Reading Add comment September 18th, 2008
Alan Greenspan famously declared the worst was over back in November of 2006. And the National Association of Realtors’ erstwhile chief economist David Lereah called the bottom a few times, starting in May 2006.
Continue Reading Add comment September 18th, 2008
As part of the massive housing rescue bill passed by Congress in July, troubled borrowers will be able to refinance their home loans with the backing of the Federal Housing Authority (FHA) starting on October 1.
Continue Reading Add comment September 18th, 2008
Located on the Hollywood Walk of Fame, the El Capitan Building–where Disney premieres each of its new movie releases–was listed for sale Wednesday with an initial price tag of $31 million. Read more »
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Are you having trouble dealing with stress in your life? This article instructs you ten bare ways to de-stress and rejuvenate. * The first mere way to concentrate stress is to forestall the effects of unequal sunlight. Lack of equal sunlight can befall yet in the summer, and is recognised to lead to Seasonal [...]Continue Reading Add comment September 18th, 2008
A 232-acre parcel of land in Jackson Township, Pa., will soon become home to household and special products manufacturer Church & Dwight Co.’s new Arm & Hammer integrated laundry detergent manufacturing plant and distribution center, now that ground has broken at the York County site. Read more »
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Manhattan commercial brokerages, Miller & Partners Ltd., a tenant rep firm, has been acquired by Winoker Realty Co., a New York City-based full-service commercial real estate firm, it reports. Read more »
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Fairmont Hotels & Resorts has announced that it will manage the new Fairmont Battery Wharf located on Boston’s waterfront, adjacent to the city’s historic North End. Read more »
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A 15-property Del Taco restaurant chain portfolio entered into a sale-leaseback deal with 20-year absolute triple net leases. The $24 million sale includes sites built between 1998 and 2002 in Arizona, California and Nevada. Read more »
Continue Reading Add comment September 18th, 2008
Wereldhave USA, a unit of a Dutch real estate property company, now owns the only two Class A, high-rise office towers to be built in downtown San Diego in the last 17 years after acquiring the 15-story DiamondView Tower for $161 million. Read more »
Continue Reading Add comment September 18th, 2008
The developments at Lehman Brothers, Merrill Lynch and AIG will have their biggest impact on available sublease space, according to a Grubb & Ellis Co. report authored by research manager Richard Persichetti. And as there are other failures, acquisitions and consolidations already discussed or rumored, there is sure to be continued pressure driving vacancy rates up and rent prices down. Lehman Brothers and Merrill Lynch alone occupy approximately 6 million square feet in Manhattan. Read more »
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