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NEW YORK CITY-Wholesale clubs were especially strong, up 9.2% as whole and led by BJ’s Wholesale’s 17.8% gain.
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| FEATURES | ||
| From the Print Edition: Keeping the Doors Open Retail sales may not excel in 2008, but they'll happen--and there's no sign of falling rents. |
George Smith Partners’ Mozer ‘You’re starting to get back to fundamentals that we didn’t have a year ago.’ |
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BLOG: COUNTER CULTURE
Is there a buyer for Sharper Image?SECTOR WATCH
The Latest From Other Markets
330,000-SF Prelease Kick Starts 1800 LarimerThe Latest From Other Markets
DENVER-Construction is under way for a 500,000-sf office building here by Westfield Development, now that Xcel Energy has preleased two thirds of the project.
INDUSTRIAL
• Phoenix Leaders Change at CBRE, Grubb & Ellis• Tejon, Environmental Groups Strike Deal
• ProLogis Buys $86M of Korean Industrial Assets
MULTIFAMILY
• SVN Selling Offices to Focus on Franchises• David L. Pergola Joins CBRE New England
• Multifamily Market Feels Pressure From Economy
OFFICE
• Real Estate Forum's ME Wins NAREE Awards• ACS Breaks Ground on 165,000-SF Office
• Tishman's $1B Hudson Yards Bid Hits Impasse
HOTEL
• ULI Creates 21st Century Road Map for Change• Red Lion Buying 487-Key Radisson for $25M
• Ryan Reaps $12M for Suburban Residence Inn
NET LEASE
• Wachovia CRE Exec Makes Surprise Departure• Editorial Shifts Reflect REM’s Integrated Focus
• Hunsaker Leaves CBRE for Grubb & Ellis
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AROUND THE NATION
GlobeSt.com: Swig MXD Tower Has Industry Confidence
NEW YORK CITY-Following details of Swig Equities planned 62-story glass condo, hotel tower at 45 Broad St. here, insiders express extreme confidence in timing and Downtown demand.
HEADLINES
• Real Estate Forum: Is the CMBS Market on Life Support?
• GlobeSt.com:
Multifamily Market Feels Pressure From Economy
• NetLease Forum:
Today’s Market ‘Just the Beginning’ of Cap Rate Movement
DEAL FOCUS
Venture JVs to Acquire $1B in Urban Retail, MXDNEW YORK CITY-Madison Capital and affiliates of Prudential will purchase properties ranging from $5 million to more than $100 million here and in other major urban markets.
FINANCE
• Trump Casinos Lose $19M in Q1• 311,000-SF Retail Trio Earns $22M Refinance
• Casino Secures $340M Construction Financing
DEVELOPMENT
• Quakerbridge Mall Set to Expand• ULI Creates 21st Century Road Map for Change
• Tejon, Environmental Groups Strike Deal
LEASING
• Crossman Sees Success in Spite of Economy• Tiffany to Open Third Vegas Store at Citycenter
• Tavern on the Green Enters City by the Bay
SALES
• SVN Selling Offices to Focus on Franchises• Circuit City Considers Blockbuster Offer
• Retailers Bounce Back With 3.6% Comp Gain
COMMUNITY
'There's still more education that needs to be done.'
CALENDAR OF EVENTS
FEATURED EVENT
RECon: The Global Retail Real Estate Convention
May 18-21, 2008
Las Vegas
Las Vegas
NEXT EVENT
ICSC Western Division
September 10-12, 2008
San Diego Convention Center, San Diego
San Diego Convention Center, San Diego
DIRECTORIES
A guide to product suppliers and service providers for New York's commercial real estate industry.
A guide to product suppliers and service providers for New Jersey's commercial real estate industry.
A guide to product suppliers and service providers for Southern California's commercial real estate industry.NOMINATIONS
Florida's Top Real Estate Lawyers to be Featured in February/March Special Double Issue
Commercial real estate has become increasingly complex, with myriad rules, regulations and various factions impacting whether a project becomes reality or advances little more beyond the idea stage.
| Home Mortgage
Compare loans to see the lowest rates & fees available online! |
TICKET SPOTLIGHT
ALL-ACCESS COVERAGE TO RECON,
ICSC's SPRING CONVENTION
ICSC's SPRING CONVENTION
LAS VEGAS-The newly opened 950,000-sf retail power center was substantially leased up two years ago, when it was a landlord’s market and the developer could better control the tenant mix.
RESEARCH & ANALYSIS
NEW YORK CITY-Most chains dropped in comps since last year, with Chico’s FAS and the Gap about at the one-fifth mark, though drugstores and wholesale clubs flourished.
NEW YORK CITY-Wholesale clubs and discounters perform well, while department stores and apparel chains are hit hard.
HOT TOPICS
The experts say the downturn is more a matter of perception than reality...for now.
With transaction volume slowing, CRE executives now face the prospect of smaller paychecks.
Many firms are starting to incorporate earth-friendly measures within their own operations.
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