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Commercial property news and information
Housing Decline Sparks A Construction Slowdown
According to a McGraw-Hill report, the value of new building will fall 1% to $668 billion. The drop will mark the first time such spending has decreased since 1991. More »
KB Home Aims to Buy Time To File Its Quarterly Earnings
The builder is offering to make a cash payment to bondholders in exchange for a delay in filing its third-quarter report, which has been held up while the company continues an internal review of past stock-option grants. More »
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Denver's Commercial Market Starts to Make a Recovery
The office and apartment sectors in the Mile High City are pulling out of a slump, driven in part by relatively steady job gains and the strengthening energy, financial and professional-services industries. More »
International Real Estate Gets Its Very Own ETF
State Street has filed an application with the Securities and Exchange Commission to launch an exchange-traded fund based on real estate securities in 23 countries. More »
REITs Are Sitting Pretty in U.K. With Prospect of Takeover Deals
First it was the booming commercial-property market. The catalyst is the government's decision to allow the launch of real-estate investment trusts beginning Jan. 1. More »
Vornado Completes Acquisition Of 37 Toys 'R' Us Stores
The $171 million purchase by Vornado Realty Trust covers properties in seven East Coast states, Texas and California. The Paramus, N.J., real estate investment trust plans to purchase up to 44 stores. More »
Commercial Real-Estate Cycle Peaks and Will Pull Back in 2007
The sector is returning to its norm as an income-producing investment rather than the wildly appreciating asset class it has been this decade, a new survey shows. More »
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Resort Projects in Corpus Christi Work to Attract Big Spenders
This city on a bay off the Gulf of Mexico likes to bill itself as the place Texans go to play. Now, two big developments are betting they can help the city bring in more visitors. More »
Spanish Commercial Property Continues to Draw Investors
This year, real-estate investment in Spain will have doubled to $11.97 billion, CB Richard Ellis estimates. The country was rated the second-most-attractive European nation for investors, beaten only by Denmark. More »
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Cities Construct Sports Arenas With Neighborhoods to Match
Ross Perot Jr. sold Dallas on the sweeping idea of building an urban district from scratch with the 20,000-seat American Airlines Center as its hub a decade ago. Now, more metros are creating stadiums with surrounding urban developments. More »