Despite poor consumer confidence and sour housing numbers, U.S. equity markets had a fairly positive day Tuesday, with the Dow Jones index ending up 184.46 points, or about 2.17 percent, and the S&P 500 and Nasdaq up 2.44 percent and 2.67 percent, respectively. Possibly investors were responding to the news that GMAC, the former financing [...]

Pantheon Properties has signed on two long-term tenants for more than 42,000 square feet at their Newark and Secaucus, N.J., industrial properties.The first transaction was with Transgroup Worldwide Logistics, who secured a lease for approximately 26,000 square feet at 280 Wilson Avenue in Newark. The Seattle-based, third-party logistics company will use this location a warehouse [...]

Reusing and revitalizing Brooklyn’s deteriorated East River waterfront began with a groundbreaking in February on the piers area and now a $48 million contract was awarded to Skanska for Phase I of the Brooklyn Bridge Park project in New York City. The Brooklyn Bridge Park Development Corp. is overseeing the approximately 85-acre project, which consists [...]

In its third quarter earnings report issued last month, Post Properties Inc. noted that it would sell six assets with the hope of pocketing approximately $360 million, and with today’s news of the disposition of Post Lenox Park (pictured) in Atlanta, the company has one down, five more to go. Atlanta-based Post Properties sold the [...]

Various international tempests and other factors, such as uncertainty over the price of oil, seemed to drive the markets down Monday, but only slightly. The Dow Jones index ended 31.62 points down, or 0.37 percent, while the S&P 500 was off 0.39 percent and the Nasdaq was down more–1.3 percent. According to the [...]

Freddie Mac today named Raymond G. Romano chief credit officer. Romano had been the company’s senior vice president of credit risk oversight since joining Freddie Mac in 2004 and in September also took the position of acting chief credit officer. Romano’s appointment follows a nationwide search to fill the position, which is [...]

SL Green Realty Corp. has slashed a planned dividend payment in efforts to pay down debt and conserve funds for future investments. The company set the new dividend payment at $0.375 per common share for the fourth quarter of 2008. The third quarter dividend was $0.7875 per share. The move follows a third quarter [...]

Sperry Van Ness International will kick off the new year with a new president, now that the real estate brokerage firm’s board of directors has voted unanimously to push COO Kevin Maggiacomo up the ladder to the new position. Maggiacomo (pictured) will take on responsibility for the Irvine, Calif.-headquartered company’s day-to-day operation and execution of [...]

As a deep recession looms around the world, there is a country where a conservative investment community has resisted speculative office construction, enabling vacancy rates to fall to historically low levels and rents to continue rising through the third quarter of 2008. Where is this magical land? Canada. According to an analysis of [...]

With more than $283 million in construction planned, the Port Commission of the Port of Houston Authority is working to assure Houston’s emergence as the nation’s busiest port is met with cutting edge facilities. The Port of Houston has grown in the past few years with the expansion of the Bayport Container Terminal, which will [...]