In the News

More Tenants Taking Advantage of Social Media

March 6, 2012    

Social networking has been slow to catch on among commercial real estate professionals, but owners, brokers, investors, and tenants are widely adopting the technology now, according to an informal poll by CoStar Group.

New Report Forecasts Retail Trends in 2012

December 27, 2011    

Cushman and Wakefield recently released its report “12 Trends for 2012,” which identifies the top trends that will affect retail real estate over the next year. In addition to political factors like global events and the U.S. presidential election, the report discusses pop-up stores...

CRE Still Tenants' Market to Large Degree

December 27, 2011    

Real estate experts say that commercial owners are under increasing pressure to decrease net rentals in order to attract or retain tenants. Sluggish demand and an oversupply of office space will continue into 2012 in secondary markets, they said. That, coupled with the prospect of taking an...

Failed Debt Deal, International Events to Impact CRE

December 9, 2011    

Congress's failure to reach an agreement on a debt deal has created gridlock and political animosity that are negatively affecting commercial real estate tenants—and the gridlock could last for another year, leading up to the presidential election. The commercial real estate industry...

Florida Tenants Dodge Tax Bullet

December 9, 2011    

After lobbying by commercial real estate groups, Florida's Department of Revenue scrapped a plan that would have imposed more taxes on business leases in the Sunshine State. To draft the plan, Department of Revenue officials studied how sales taxes are levied on improvements that tenants...

MTA Changes Leasing Strategy for New Transit Hub

October 30, 2011    

After facing difficulties with retail tenants at its Grand Central Terminal transportation, dining, and shopping destination, where it directly leases space to tenants, the New York Metropolitan Transportation Authority (MTA) will change its strategy for its Fulton Street Transit Center in lower...

New Partnership to Cut CRE Building Energy Use, Costs

September 27, 2011    

The Clinton Global Initiative has announced a commitment to reduce energy use, create jobs, and provide significant savings for the commercial real estate sector by boosting the market for energy-efficient commercial tenant space.

CRE Trends: U.S. Businesses Migrate North

September 27, 2011    

Commercial real estate trends in the third quarter of 2011 suggest an improving U.S. economy is beginning to make itself felt in Canada, consulting firm Cushman and Wakefield said. The company's real estate vacancy report showed office buildings in Canadian suburban areas—favored by U....

CoStar: Promising Gains in New York City CRE

September 6, 2011    

CoStar Group Inc. recently released its list of the top 50 biggest commercial lease deals by size in the New York metro area for the first two quarters of 2011. The list revealed that the Top 5 deals finalized in the first six months total an astonishing 4.3 million square feet. This trumps the...

Top NYC Property Leasing, Sales Leap 150 Percent

July 31, 2011    

The commercial real estate market made significant strides in recovery in the first half of the year as tenants snapped up more space than expected, according to CoStar Group Inc. A list compiled by CoStar ranks the 50 biggest deals by size, showing just how far the market has come in the last...

D.C. Office Complex Trades for $356M

July 31, 2011    

The Washington, D.C., office complex that stretches from 1100 to 1101 4th St. at Waterfront Station has recently been traded in a $356 million transaction. The trade took place between owner and developer Waterfront Associates L.L.C. and USAA Real Estate Company. Waterfront Associates began...

Which Tenants Will Vie for Borders' Space?

July 31, 2011    

After the Michigan-based retail chain Borders Group Inc. failed to find a buyer to save it from bankruptcy, it announced plans to liquidate its 399 stores around the country. The bookstores began closing on July 22, and are expected to continue closing through September. DJM Realty will be the...