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CHICAGO—By mid-year more than half of the big box distribution buildings under construction in the Chicago region were being done on a speculative basis.
NEW YORK CITY—“We remain cautiously optimistic that losses on these 2006 and 2007 notes will come in at the low end of expectations,” says Manus Clancy, senior managing director at Trepp.
LOS ANGELES—Workers install the spire on top of the highly anticipated $1-billion skyscraper in Downtown Los Angeles, officially making it the tallest building west of the Mississippi.
NEWPORT BEACH, CA—Eager to deploy capital before risk-retention regulations kick in next year, lenders across the board are showing interest in portfolio loans—some up to $100 million, Mission Capital's Alex Draganiuk tells GlobeSt.com <b>EXCLUSIVELY</b>.
BOSTON—William Kane, senior vice president and Boston lead for BioMed Realty Trust, believes that landlords, architects and designers in Cambridge and Greater Boston must continue to push the boundaries to provide the work environments that attract employees, increase productivity, and foster collaboration.
SECAUCUS, NJ—Landlords are taking advantage of the strong market conditions, recovering rents which were discounted considerably during the most recent recession.