Pair of suburban office buildings drops $126M in value since 2007
A slowdown in federal spending hurt. So did a growing desire by tenants to be closer to mass transit and places with a downtown feel.
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.
Fitch: Results of CEO Changes Mixed for U.S. REITs
Link to Fitch Ratings' Report: U.S. REITs: Mixed CEO Succession Planning
Lee & Associates Opens Second Office in Ohio
Lee & Associates, the nationâ€™s largest broker-owned commercial real estate firm, continues to make office expansion one of its top priorities as the firm announces the opening
U.S. 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 . Though occupancy growth in office space slowed to just over 6 million square feet from about double that pace throughout 2014, development activity and rental ...
Sean McKay, Senior VP of American IRA-A National Self-Directed IRA Services Provider, Announces 1031 Exchanges Is ...
Sean loves Self-Directed IRA's because of the ability to invest in real estate with no tax or with deferred tax and Sean is excited that Bill Hester will be sharing another strategy with attendees to help them sell a property and not have to pay Uncle Sam. (PRWeb March 31, 2015) Read the full story at http://www.prweb.com/releases/2015/04/prweb12622980.htm
Fitch Downgrades Cyrela Commercial Properties' IDR to 'BB'; Outlook Revised to Negative
Fitch Ratings has downgraded Cyrela Commercial Properties S.A. Empreendimentos e Participacoes' ratings as follows:
Why your rent will rise again this year
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 ...