The meltdown of the capital markets has stemmed the flow of transactions in the multi-family sector. But, occasionally, a deal does get the green light. Equity Residential announced Thursday that it has sold a portfolio of apartment assets in Connecticut, for $42.7 million. The Kamson Corp. acquired the portfolio, which includes 436 apartments in four [...]

In yet another sign of just how affected even the New York City market has been by the faltering economy, the owners of the massive Starrett City multi-family complex in Brooklyn have given up on a plan to sell the property for more than $1 billion, according to the New York Times. The news is [...]

Robert Sulentic, CEO of CB Richard Ellis Inc.’s development services business, has been pushed up the ladder to the company’s CFO position as the company navigates the waters of the struggling commercial real estate industry. Sulentic replaces Kenneth Kay, who in November of last year, resigned his post of six years to become CFO of [...]

On Tuesday, it was the stimulus in Denver. On Wednesday, it was the Homeowner Affordability and Stability Plan in Mesa, Ariz. (Thursday, Detroit?) Unfortunately, “HASP” doesn’t make for a snappy acronym, but it is the Obama administration’s name for its newly announced plan to slow down the hemorrhaging of the residential real estate market, especially [...]

It was the thud felt around the world. Last year, as the credit crunch and economic downturn spread from country to country, investment in commercial real estate across the globe plummeted 59 percent, going from just over $1 billion in 2007 to just $435 billion, according to real estate services firm Cushman & Wakefield Inc.’s [...]

Amid a flurry of announcements of delayed projects in New York City, Forest City Ratner Cos. has orchestrated the $161.9 million refinancing of a loan connected to its $4 billion Atlantic Yards project in Downtown Brooklyn. Gramercy Capital Corp., which made the original loan to Brooklyn-based FCRC for the purchase of land [...]

In terms of profits, Wal-Mart took a haircut in its most recent fiscal quarter, but not a bath. Net income for the period ended Jan. 31 was $3.79 billion, or 96 cents a share, down from $4.1 billion, or $1.02 a share, during the same period a year ago. For a company that’s used to [...]

As high-end resorts continue to feel the crunch of the staggering economy, the latest firm going down in the bankruptcy rolls is Trump Entertainment Resorts Inc. along with subsidiaries Trump Entertainment Resorts Holdings L.P. and Trump Entertainment Resorts Funding Inc. Those entities filed voluntary petitions for relief under Chapter 11 in United States Bankruptcy [...]

Las Vegas’ economic travails have led to a spike in Las Vegas apartment vacancies and tumble in rental rates. According to research firm Applied Analysis, demand for professionally managed apartment communities in the area fell to its lowest level since the beginning of 2003.The market recorded average occupancies of 92 percent in the fourth quarter [...]

As the vacancy rate for distribution facilities edged up nationwide in 2008, one category beat the long odds. Almost all the locations that trimmed warehouse vacancy were hundreds or thousands of miles removed from the nation’s struggling coastal ports.Inland markets were the surprise standouts during a year when the national warehouse rate rose from 7.9 [...]