If the experience of a recent non-foreclosure residential property auction in Florida is an indication, there’s pent-up demand for properties out there, at least for well-located and even upscale properties. The trick is figuring out a way to tap the demand in spite of hesitation among buyers who have the wherewithal to buy.
Peter Boritz blogs on CPE’s From the Inside on how to create a more effective online presence for business. For his accompanying written post (and other blog posts from industry experts), click on From the Inside.
Thursday’s landmark deal breaking the long deadlock over the financing of the World Trade Center redevelopment provides for flexibility in the face of Manhattan’s uncertain office market.
Healthcare Trust of America has just laid down $45 million for a five-building, 260,500 square-foot medical office portfolio in Evansville and Newburgh, Inc.,
Forming a strategic alliance with New York-based private equity fund Och-Ziff Real Estate, Orlando-headquartered Hard Rock International is making a move to get in on the ground floor of new gaming opportunities that may ultimately arise from the introduction of new legislation in New Jersey this week.
KBS REIT II has added three Class A industrial/flex space buildings totaling 283,559 square feet to its portfolio. All three buildings are located at the Plano Business Park in Plano, Tex., 19 miles north of downtown Dallas.
A New York state assemblyman and congressman both hailed the agreement that will see two new skyscrapers constructed on Ground Zero.
After surveying various locations across the country, JetBlue Airways has decided to stay put in New York and consolidate its area headquarters space via a new 200,000-square-foot sublease at the Brewster Building in Long Island City, Queens.
Famed gay community destination Fire Island Pines, N.Y., has seen its largest transaction in history. Investment group FIP Ventures has bought the vast majority of Fire Island commercial property and establishments for $17 million.
Some real estate investors still seem to believe in the future of the United States — and the U.S. hotel market in particular, which has taken more of a drubbing than other properties types since the recession began.