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Faris Lee Investments has completed the $25.5 million sale of Crossroads Entertainment Center, a 90,900-square-foot regional retail center in Chino Hills, Calif.
Though it came as no surprise to investors, the collapse of General Growth Properties, the nation's second-largest mall owner, has stirred new fears about a coming debacle in commercial real estate.
When a recent reconfiguring of office space at Duquesne Light's headquarters forced the electric utility to reduce its art collection, company officials choose to put 70 paintings, sculptures, photographs and other works created by regional artists on the block at Concept Art Gallery's May 9 auction.
25 April 2009 JEDDAH - The outlook for the Arabian Gulf real estate market for 2009 is negative, reflecting tightening access to funding, declining demand and a need to preserve cash, said Moody's Investors Service in a new report entitled "Arabian Gulf Real Estate Market Industry Outlook".
The Liberal Democratic Party-New Komeito ruling coalition aims to allocate ¥800 billion this year to support a domestic property market ravaged by the global credit crisis. State-run Development Bank of Japan will put ¥100 billion into a fund to finance purchases by real estate investment trusts and support property acquisitions by developers with a further ¥50 billion, Isamu Ueda, a New Komeito ...
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