Portland Commercial Real Estate

Commercial real estate deals in Western New York overcome winter chills
The pace of commercial real estate deal-making in the Buffalo Niagara region this winter slowed from last year’s boom season, as even a flurry of activity last month – driven mostly by one mega-deal – wasn’t enough to overcome the deep freeze that February’s snow and temperatures seemed to impose on the market.

Select Income REIT First Quarter Conference Call Scheduled for Tuesday, April 28th
Select Income REIT today announced that it will issue a press release containing its first quarter 2015 financial results before the NYSE opens on Tuesday, April 28, 2015.

Former Starks building owner fought assessments before selling for $14 million
The Hertz Investment Group, a California company that owns office buildings around the country, pocketed $14.25 million this month when it sold the Starks building in downtown Louisville. Yet for the last two years, Hertz has been able to lower its annual property tax bill by insisting that the 14-story building is worth much less than that.

Keppel REIT's net property income down 12% to $34.6m in Q1
Keppel REIT reported that its net property income declined 12% on a year-on-year basis to $34.6m in the first quarter. The decline was mainly due to the expiry of rental support from its 87.5% interest in Ocean Financial Centre in January 2015, the absence of income contribution from Prudential Tower and the absence of rental support from Marina Bay Financial Centre Phase One. Keppel REIT's ...

Wallet squeeze: Apartment rents projected to rise again
The average U.S. rent has climbed 14 percent to $1,124 since 2010, according to commercial property tracker Reis Inc. That's four percentage points faster than inflation, and more than double the rise in U.S. home prices over the same period. "The only relief in sight is rents in the hottest markets are going to go up at a slower pace, but they're still going to go up," says Hessam Nadji, chief ...