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Commercial property news and information
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Boston's Office Sector Gets A Boost as Employment Rises
Demand for space from financial-service companies and law firms increases in Beantown, but it's unclear if the region will ever again command the high rents that helped make it a darling of U.S. commercial real-estate markets. More »
Hovnanian Warns of Weaker Profit Because of Housing Slowdown
The home builder said third-quarter earnings will come in below its previous targets amid weaker sales, higher cancellations and more concessions and incentives. More »
Vatican Ties Go Just So Far For Italian Real-Estate Company
The Follieri Group is meeting resistance as it attempts to buy and redevelop Catholic Church property in the U.S. despite strong connections to the Vatican. More »
REITs SL Green and Reckson In Merger, Acquisition Talks
The companies are discussion merging or a possible acquisition. The office real-estate investment trusts have a sizable New York-area presence. More »
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Colorado Springs Bounces Back From Its Technology Tumble
The military, insurance and professional services plus an expected boost from a large planned community -- are helping the city recover from the painful dot-com bust. More »
Ohio's High Court Says City Can't Take Property
The state's supreme court ruled unanimously that economic development isn't a sufficient reason to justify eminent domain, putting a halt to a $125 million project of offices, shops and restaurants in a Cincinnati suburb. More »
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Financial Sector Encourages Growth in Des Moines, Iowa
The city's prosperous commercial real-estate market has driven development of new offices and stores, boosting rents for high-end space in office and retail properties. More »
Apartment REITs Pull Ahead But Good Times May Not Last
After several years of trailing the performance of most other real-estate investment trusts 'multifamily' REITs are now leading the pack. But the rosy outlook could be short-lived for these investments in apartment holdings More »
Home Builder Ryland Cuts Its 2006 Earnings Estimate
Profit fell 9% and orders plummeted 39% in the quarter as the company, like others in the sector, struggles with a deteriorating housing market. More »
Home Builders Turn to Discounts, Promotions As Inventories Rise
Many are aggressively offering price cuts in high-profile promotion campaigns aimed at getting home buyers into their sales centers. More »