NEW YORK CITY-The Dow is down just slightly for the year, but the S&P 500 and particularly the Nasdaq, are in negative territory while the RMS is up by 7.7%. The market value of real estate mutual funds rose $69 million last week; net inflows totaled $36.6 million.
NEW YORK CITY-Two analysts are predicting that the Morgan Stanley Real Estate Index will close out the year between 410 and 430. They had been projecting it to be somewhere between 400 and 420 by the end of 2001.
NEW YORK CITY-Signings were down slightly compared to last month, but they amounted to nearly twice as much space as was leased in May 1999. A major portion of the total was the 700,000 sf pre-leased by Bloomberg.
WASHINGTON, DC-Over the next decade, the upscale rental market may surpass the overall growth rate for housing demand. Factors favoring rental housing include shorter commutes, less "work around the house" and changes in the tax law.
WASHINGTON, DC-The three-story, mixed-use building brings the investment firm's local holdings to over 500,000 sf of property worth about $50 million. UrbanAmerica specializes in acquiring and developing properties in low- to moderate-income communities.
NEW YORK CITY-Signings were down slightly compared to last month, but they amounted to nearly twice as much space as was leased in May 1999. A major portion of the total was the 700,000 sf pre-leased by Bloomberg.
WASHINGTON, DC-Over the next decade, the upscale rental market may surpass the overall growth rate for housing demand. Factors favoring rental housing include shorter commutes, less "work around the house" and changes in the tax law.
WASHINGTON, DC-The three-story, mixed-use building brings the investment firm's local holdings to over 500,000 sf of property worth about $50 million. UrbanAmerica specializes in acquiring and developing properties in low- to moderate-income communities.
WASHINGTON, DC-For most of the past 17 years he worked for Fannie Mae where he served as chief administrative officer; SVP, communications; SVP, human resources and training; and in other posts.
NEW YORK CITY-In addition to rolling out an upgrade of its real estate financing software, the company has acquired LegalDocsNow!, a system that automates the production of legal documents.