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NEWS AND INFORMATION

US office space rent rises at fastest clip in a decade: report
Stepped-up business hiring pushed the rental price of U.S. office space up 3.1 percent in the first quarter, the highest quarterly gain in a decade, as demand for commercial real estate accelerated, according to Jones Lang LaSalle Inc .

Goldberg Segalla law firm doubles downtown Buffalo office space
Fast-growing law firm Goldberg Segalla LLP is doubling the size of its downtown Buffalo headquarters, as it consolidates two locations in the area and continues its rapid expansion around the country.

Teachers union gets free office space from broke Philly school district
While local students are forced to go without basic supplies like toilet paper and textbooks, the School District of Philadelphia is giving away hundreds of thousands of dollars of free office space each year to the local teachers union.

Expect weak reports from hospitality REITs as hotel revenues dwindle
RevPAR fell 7% year-on-year. Hospitality REITs are expected to turn in weak numbers as the reporting season rolls in, fuelled by declines in overall hotel revenues.

Resource Capital Corp. Loan Originations Update
Resource Capital Corp. announced today that total Commercial Real Estate loans funded in the first quarter were over $165 million, which represents a 122% increase over the same period last year. The trailing ...

Heavy snow causes Bethel roof collapse
There was a partial roof collapse Wednesday at 13 Clarke Industrial Park in Bethel. The collapse occurred in the north end of a 95,000-square-foot building that also houses Sky Zone trampoline center.

Commercial real estate boom reaches Baltimore
The jaw-dropping $121.5 million that an investor paid last month for Fells Point's Union Wharf apartments was the starkest example yet in Baltimore of how a booming national real estate market is pushing some firms to turn to smaller, riskier cities.

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 ...