First REIT's net property income up 9.3% to $24m in Q1 Wallet squeeze: Apartment rents projected to rise again Fitch: Results of CEO Changes Mixed for U.S. REITs Traffic moving well in Appomattox today; battle re-enactmment now set for 3 p.m. Prominence office park getting $8M â€˜extreme makeoverâ€™ Pointe Claire vision plan highlights industrial parkâ€™s need for new identity Ethiopia: House Passes the First Industrial Park Bill for the Country D4 block with redevelopment potential for â‚¬10.5m Commercial real estate boom reaches Baltimore Pair of suburban office buildings drops $126M in value since 2007
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NEWS AND INFORMATION
First REIT reported that its net property income grew 9.3% year-on-year to $24.2m in the first quarter, on back of maiden contributions from its new hospital in Indonesia. First REIT's good results were supported by maiden contributions from the newly-acquired Siloam Sriwijaya in Indonesia, as well as step-up rental income from its existing properties.
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 ...
Link to Fitch Ratings' Report: U.S. REITs: Mixed CEO Succession Planning
1115 a.m. update: While thousands of re-enactors get ready to show a crowd of spectators at the industrial park what it would have been like to fight in one of Gen. Robert E. Lee's final battles, a sm
Investors typically sink money into upgrading the commercial properties they buy, some more than others. In the latter category, Josh Edwards, vice president of Crocker Partners, is operating in the middle of the $8 million in renovations underway at Prominence in Baymeadows.
Strategic plan a vision for the next four years: Mayor Morris Trudeau
[Addis Fortune] The Bill was drafted by EIC with government and private sector stakeholder inputs
Mespil Road site of 0.22 hectares could accommodate redeveloped block of 4,114sq m
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.
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.
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First REIT's net property income up 9.3% to $24m in Q1
Wallet squeeze: Apartment rents projected to rise again
Fitch: Results of CEO Changes Mixed for U.S. REITs
Traffic moving well in Appomattox today; battle re-enactmment now set for 3 p.m.
Prominence office park getting $8M â€˜extreme makeoverâ€™
Pointe Claire vision plan highlights industrial parkâ€™s need for new identity
Ethiopia: House Passes the First Industrial Park Bill for the Country
D4 block with redevelopment potential for â‚¬10.5m
Commercial real estate boom reaches Baltimore
Pair of suburban office buildings drops $126M in value since 2007