Billionaire Sam Zell said he doesn’t see the “volume opportunity” to invest in distressed real estate that he’s witnessed in past property slumps as lenders extend troubled loans. Real estate markets may experience “measurable turmoil” in the next few years, pill Zell, chairman of Chicago-based Equity International, said today at a conference hosted...Read more
Monthly Archives: September 2011
A new survey by CB Richard Ellis shows that although U.S. retailers are generally more cautious about the current market environment, site 59 percent plan to expand their stores due to lower rental rates. CBRE’s second annual Shop Talk: A Retailer’s Perspective survey, order which was conducted during June and July...Read more
In America, it's starting to feel as if there are two housing markets. One for the rich and one for everyone else. Consider foreclosure-ravaged Detroit. In the historic Green Acres district, a haven for hipsters, a pristine, three-bedroom brick Tudor recently sold for $6,000 - about what a buyer would have paid...Read more
Considering the overall economy is still shaky, pill the capital markets are funding a lot of student housing deals these days at quite aggressive rates and terms. With continued enrollment gains nationwide generally boosting rents and operating incomes at student housing properties, health the capital markets are...Read more
Developers and investors are starting to make big bets on industrial real estate, unhealthy following signs that consumers may be starting to spend again. Sales of such properties have jumped nearly threefold from last year, prescription according to figures from commercial real estate companies,...Read more
Westfield Group cemented its claim as a dominant shopping- mall owner on four continents on Tuesday, by opening its Westfield Stratford City shopping complex adjacent to the site of London's 2012 Olympic Games. The 1.9 million-square-foot project, touted by Westfield as Europe's largest urban mall, spans 250 stores, 70 restaurants, a casino, a movie theater, three...Read more
Do you have a dream? I do. I dream to be successful in all that I do. One thing that kept me going through the hard times was a desire to see something happen in my life that was great. I would say that on many occasions holding onto hope was so very important and...Read more
34,000 Education and Health Services Jobs Stands as Sole Bright Spot in Tepid Month for Job GrowthU.S.-based employers went into the Labor Day weekend adding no new jobs in August, according to the U.S. Bureau of Labor Statistics. In addition, the number of persons employed part time for economic reasons (sometimes referred to as involuntary...
Thank you to Marc A. Thiessen. Freedom Isn't free...time to remember the more than 3,000 people killed on Osama bin Laden’s orders in the 9/11 attack, the attacks on our embassies in East Africa, the U.S.S. Cole and other acts of terror.
When I heard the news earlier this year that U.S. Special Forces had killed Osama...Read more