Want To Buy The Empire State Building?
This is not something that will only be asked by native New Yorkers to the rubes visiting from out of town. Instead, Empire State Realty Trust, owners of the Empire State[...]
Category: Commercial Real Estate
Borders Bookstore Liquidation Puts More Pressure on Commercial Real Estate Market
The sudden demise of Borders is another hit the commercial real estate market. The market has been buffeted by a huge influx of inventory from 2006 to 2008 followed by[...]
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Mort Zuckerman says “Home Prices Will Decline For Years”
If you are in commercial and residential real estate, take a look at this CNBC interview with Mort Zuckerman. The editor of US New and World Report and owner of[...]
E-Verify Coming To a Construction Site Near You
E-Verify, the government program designed to determine if an employee is legally able to work in the United States, is about to be required at all city run job sites[...]
Commercial Real Estate To Stay 40 Percent Off Peak Prices
There is an interesting dynamic happening in commercial real estate these days. We are looking at cheap real estate everywhere we look, yet there is still very little demand for[...]
Simon Property Looking To Buy Bankrupt General Growth
It looks like the commercial real estate market is finding the bottom and starting to consolidate. Simon Property Group has made an offer to absorb General Growth Properties for 10[...]
Commercial Large Project Lending Improves
I found some good news for the commercial real estate market, lending is improving for large projects. The drought in lending in these markets as property valuations plummeted has been disconcerting[...]
Freefall in Commercial Real Estate Slowing, Occupancy Rates at Record Highs
A report from Grubb & Ellis, a leading commercial real estate brokerage and management company, was released to start the new year. The report is a candid appraisal of the[...]
Commercial Real Estate At Lowest Level Since 2002
The commercial real estate market has been in free fall the past couple of years. We think that residential real estate took a hit, but the commercial markets are down[...]
General Electric Expects to Lose 7 Billion in Commercial Real Estate
GE is a bellweather for the commercial real estate market as their vast holdings are fairly well diversified. Unfortunately the picture the company paints is dim. General Electric expects to[...]
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