BOSTON-High vacancy will be the fate of US apartment buildings through 2010, says CB Richard Ellis Econometric Advisors, but rent growth may resume in 2011.
BOSTON-High vacancy will be the fate of US apartment buildings through 2010, says CB Richard Ellis Econometric Advisors, but rent growth may resume in 2011.
NEW YORK CITY-The Port Authority of New York & New Jersey is approving its 2010 budget, slashing 150 positions and postponing a few projects until after 2016.
NEW YORK CITY-The Port Authority of New York & New Jersey is approving its 2010 budget, slashing 150 positions and postponing a few projects until after 2016.
NEW YORK CITY-The financing arm of the General Electric Co. is expecting $7 billion in unrealized losses for '09, directly from their commercial real estate sector.