You can tack on a big question mark after you write the year 2012. Given the many and often-interrelated issues the industry—and on a macro-level, the country—faces, no one can say for sure where the year will end. The consensus seems to indicate progress over 2011 . . . if the jobs continue to mount, if the global debt crisis doesn't further complicate the stateside lending picture and DC politicos finally do something for the American people.
NEW YORK CITY—If 2011 serves as any indication, much of the equity generated in the industry this year may well come through recapitalizations. Last year saw a blizzard of recapsfrom the SL Green Realty Corp.'s $425.7-million recap of 180 Maiden Ln. with developer the Moinan Group, to Keystone Property Group's $23.8 million recap of Sentry Park West in Blue Bell, PA.
NEW YORK CITY—The economic downturn that left many retailers struggling to connect with customers and demonstrate value was a boon for dollar stores. The now-ubiquitous operations are expanding all over the country, and the Northeast is no exception.
NEW YORK CITY—The industry has lost three iconic figures—all company founders—in a span of little more than three weeks, most recently with the passing of Wm. Polk Carey, chairman of locally based W.P. Carey & Co. LLC and the W.P. Carey Foundation. The sale-leaseback pioneer died Jan. 2 in West Palm Beach, FL at age 81.
NEW YORK CITY-The company, HNA Property Holding Group, will buy and reposition the 165-room hotel, thanks to a $65 million senior loan provided by PCCP LLC.
ORANGE, CT-A recent industrial lease here and some sought after availabilities might signal renewed interest in the area’s industrial market, which CBRE’s Michael Dillon says is quite active.
ATLANTA-At the MBA CREF12 Conference Tuesday morning, the association's economists and research gurus took the crowd through several predictions for the commercial and single family markets, including a potential spring surge in homebuyers.
ATLANTA-The MBA CREF12 Conference kicked off Monday morning with opening remarks by the group’s president and CEO and a political update by foes Ed Gillespie and Terry McAuliffe.
NEW YORK CITY-Peckar & Abramson's newly-appointed chairman spoke to GlobeSt.com about the firm's work and his view of the state of New York City's construction industry.