Continue Reading Add comment April 23rd, 2009
Sales of existing homes fell in March, according to an industry report released Thursday, but analysts say the housing market is showing signs of stabilization. Read more »
Continue Reading Add comment April 23rd, 2009
When Richard Dugas, the president and CEO of Pulte Homes Inc. recently talked about his company’s $3.1 billion purchase of rival Centex Corp., he added fuel to the fire for a possible wave of consolidation in the battered homebuilding sector. Read more »
Continue Reading Add comment April 23rd, 2009
Cushman & Wakefield announced the completion of the sale of Uniondale Shopping Center, a 60,807-square-foot retail building located at 1121 Jerusalem Avenue in Uniondale, N.Y.
Continue Reading Add comment April 23rd, 2009
The green movement continues. Following on the heels of new environmental sustainability programs at the Empire State Building and Sears Tower, the National Hockey League’s Pittsburgh Penguins and the Sports & Exhibition Authority picked Earth Day to announce their goal of working toward LEED Gold Certification at the new $321 million Consol Energy Center, which is slated to be the first NHL arean to receive the Gold stamp from the U.S. Green Building Council.
Continue Reading Add comment April 23rd, 2009
Macklowe Properties’ financial troubles continue to chip away at the firm’s New York City office portfolio. A month after having to sell off a major Manhattan tower, the company has just lost the 525,000-square-foot office building at 1330 Avenue of the Americas in a foreclosure auction. Montreal-based mortgage lender Otera Capital, which held a $130 million mezzanine loan on the property, placed a $100,000 bid and walked away from the auction as the new owner.
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