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Commercial property news and information
Rise in Office Building Belies Market Ratings for Las Vegas
Although still enjoying heady times, the city may be taking a gamble with a surge in commercial construction. The region's suburban office market and the central business district both scored rock bottom in a Moody's Investors Service report. More »
Lennar Sees Tough Going Ahead; Loss Is Expected in Fourth Quarter
The home builder expects to post a $400 million to $500 million loss. The company's CEO says he sees no signs of a home-building recovery. More »
Lennar and LNR Relinquish Their Stake in Joint Venture
The companies agreed to give a 62% share in LandSource to MW Housing Partners. Lennar also cut its quarterly earnings forecast again. More »
Big City, Smaller Rooms: Suburban Hotel Chains Go Urban
Spartan suburban hotel brands are making a push into cities typically dominated by full-service hotels from Hilton, Marriott and Sheraton. More »
Prices in Seattle Begin to Perk Up As Jobs Return After Tech Bust
As the city's economy surpasses employment peaks that were reached during the late 1990s, commercial real-estate investors are taking a fresh look at properties in the Puget Sound region. More »
Prices of Residential Lots Fall More Than Those of Homes
Land prices have taken a wild ride with prices for metro-area residential lots plummeting over the past year. This volatility contradicts the view that buying land is a safer bet than investing in bricks and mortar. More »
REIT Will Consider Higher Bids Than Offer From Equity Firm
Equity Office Properties Trust drew interest from at least four different entities before the company agreed to sell itself to a unit of private-equity firm Blackstone. More »
Despite Its Remote Location, Developers Bet on Anchorage
Spurring commercial projects is an economy that has enjoyed nearly two decades of steady growth, despite difficulty in getting steel and other building materials to Alaska's largest metro region. More »
Apollo Management Is Poised To Buy Real-Estate Firm Realogy
The buyout firm agreed to acquire the former Cendant Corp. arm for $6.6 billion, in another sign of private equity's wider influence. As the holding company for such operations as Coldwell Banker, Century 21 and the Corcoran Group, Realogy Corp. is one of the most powerful players in the U.S. residential real-estate market. More »
For Reckson's Rechler, A Venture by Any Other Name
Scott Rechler is poised to run a new real-estate company, but it won't have Reckson or Rechler in the name, thanks to an agreement with his family. More »