Anthony Thompson has resigned his position as chairman of the board of Grubb & Ellis Co., effective Feb. 8. He assumed the chairmanship in early December 2007 upon the finalization of the merger of Grubb & Ellis and NNN Realty Advisors Inc. Thompson will also resign as a director of the company.Thompson was previously chairman [...]

The Federal Reserve cut the federal funds rate a half-percentage point today, marking the second rate decrease in just over a week. The announcement this afternoon that the Fed would lower the federal funds rate from 3.5 percent to 3.0 percent came on the heels of last Tuesday’s emergency cut from 4.25 percent to [...]

Mixed market-rate and low-income urban infill housing. Projects as small as 120 units of rental housing or 75 of for-sale. Community retail, office and medical office developments or redevelopments. Not exactly the stuff of recent commercial real estate headlines dominated by huge this, luxury that and state-of-the-art something else. But if success in real [...]

While anarchy reigns in the residential real estate market, commercial real estate executives believe that commercial real estate market fundamentals remain solid, according to a report issued by the Real Estate Roundtable and the FPL Advisory Group. The report, Leading the Enterprise 2008, (pictured) surveyed nearly 200 CEOs and other senior executives in real estate [...]

While anarchy reigns in the residential real estate market, commercial real estate executives believe that commercial real estate market fundamentals remain solid, according to a report issued by the Real Estate Roundtable and the FPL Advisory Group.“The fundamentals referred to in the report are supply and demand,” William Ferguson, co-chair and co-CEO of FPL told [...]

Plans have been made for UDR Inc. to sell a portfolio of 86 multi-family properties to a joint venture involving DRA Advisors L.L.C. and Steven D. Bell & Co. As per the terms of the contract, UDR will walk away with an aggregate $1.7 billion. DRA and Steven D. Bell & Co. will fork over [...]

Castlethorn Construction has submitted a major planning application to the South Dublin County Council for the $1.7 billion, 1.65 million-square-foot Adamstown Central, one of the largest mixed-use projects in Ireland. The project (pictured), which is a new urban district on a greenfield site adjoining the main Dublin-Kildare railway line, will provide a full range of [...]

Investment firm W. P. Carey & Co. has acquired a retail facility in Wroclaw, Poland, from German do-it-yourself retailer OBI, it reported. The $14 million deal is the third sale-leaseback W. P. Carey has arranged with the OBI Group over the last two years, providing more than $200 million in financing to the German Do-It-Yourself [...]

ProLogis is expanding its platform at one of its largest industrial parks in China, ProLogis Park Suzhou, with new inventory facilities of more than 613,000 square feet, the company has reported. The industrial powerhouse recently bought land at the park to enable development of five additional facilities–more than 1 million square feet. Construction as [...]

Choice Hotels International has joined forces with Bell Hospitality Group to open at least 50 of Choice Hotels’ MainStay Suites and Suburban Extended Stay brand hotels across the United States. Bell will handle construction of the properties, which will be erected in various locales in the Midwest and the South, as well as in New [...]