The British Bankers’ Association has just announced that it has wrapped up its review of the composition of its London Interbank Offered Rate Contributor Panels, but contrary to heavy media speculation that changes would be made to LIBOR, the BBA did not alter a thing. The review commenced in April. The last changes to LIBOR [...]

The Hudson River Park Trust held a press conference yesterday to celebrate the park’s 10th anniversary and discuss future improvements. The press conference, which commemorated the tenth anniversary of the Hudson River Park Act, was used to update the public on the park’s progress and the agency’s vision for the future. The park will undergo [...]

Hines REIT has announced the purchase of two buildings in the Dallas-Fort Worth Metroplex. The firm purchased the buildings, 4050 and 4055 Corporate Drive, from Dividend Capital Trust. The buildings are single story class A industrial warehouses, located within the DFW Trade Center, a 180-acre office park four miles from the Dallas-Fort Worth airport. [...]

The Providence skyline is headed for change now that construction has commenced on the new 13-story headquarters for Blue Cross & Blue Shield of Rhode Island. The 327,000-square-foot building, designed by the architectural firm of Symmes Maini & McKee Associates, will be a study in sustainable design with an anticipated LEED Silver certification. [...]

Financial giant Citigroup Inc. has achieved pre-certification for a retail commercial interior prototype through a pilot U.S. Green Building Council program. Among other things, the prototype features low-flow plumbing fixtures; energy-efficient office equipment; carpets, desks, seating, fabrics and cabinetry made from recycled materials; and green power to provide 50 percent of the electrical load for [...]

While multi-family property sales in New York City and Los Angeles have decreased over the last two years, one analyst attributes the drop to investors holding on to their assets until the market rises. In its investment properties first quarter report, PropertyShark.com tracked recorded sales of investment properties defined as two-family dwellings, three-family dwellings, [...]

The crane collapse that killed one worker and injured two others this morning on Manhattan’s Upper East Side again throws a spotlight on construction safety issues. Today’s fatal accident occurred at a residential tower under construction on East 91st Street in Manhattan’s Upper East Side district. As it fell, the crane severely damaged a residential [...]

After a record 2007, global investment market volumes are expected to be down more than 30 percent over this year, while tenant demand for global property has turned negative for the first time in four years and interest in emerging markets is beginning to decline, Jones Lang LaSalle Inc. and Royal Institute of Chartered Surveyors [...]

If you desire to become a top CEO, it will be essential for you to master the art of leveraging down. Think of any top performing CEO and you’ll find that to the one, they possess an uncanny ability to focus on highest and best use activities. While most executives that have reached the C-suite [...]

Coastal Marina, an affiliate company of privately-held Coastal Development, announced that it has come to an agreement with Trump Entertainment Resorts and will purchase the 14-acre Trump Marina Hotel Casino property for $316 million. This agreement includes a reportedly non-returnable deposit of $15 million on the part of the buyer, a large incentive to complete [...]