Pair of suburban office buildings drops $126M in value since 2007 DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG secures a further commercial property in Schwerin First REIT's net property income up 9.3% to $24m in Q1 SPH REIT's net property income up 3.7% to $40.3m in Q2 EQS-News: LT Commercial Real Estate signs letter of intent with Congtai District, Handan City in China over plan to ... Wallet squeeze: Apartment rents projected to rise again
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NEWS AND INFORMATION
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.
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.
SPH REIT reported that its net property income grew 3.7% year-on-year to $40.3m in the second quarter, on back of higher rental income in both Paragon and The Clementi Mall. The REIT manager reported that while Paragon achieved rental uplift of 11.6% for new or renewed leases in the first half of the year, The Clementi Mall recorded a negative rental reversion of 8.8% on 2.0% of total net ...
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 ...
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Pair of suburban office buildings drops $126M in value since 2007
DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG secures a further commercial property in Schwerin
First REIT's net property income up 9.3% to $24m in Q1
SPH REIT's net property income up 3.7% to $40.3m in Q2
EQS-News: LT Commercial Real Estate signs letter of intent with Congtai District, Handan City in China over plan to ...
Wallet squeeze: Apartment rents projected to rise again