More encouraging news for the local real-estate market: Preliminary numbers for Orlando’s industrial segment show that the amount of available space dipped by 600,000 square feet during the second quarter. It’s the first evidence of a tightening since late last year, a sign that vacancies could be stabilizing.
That’s the early reading from David Murphy, senior [...]
Cheap land and overzealous development have made Surprise one of the few Valley areas with an excess inventory of office condominiums, commercial real estate brokers report.
They add, however, that the oversupply should be absorbed in the long run as Surprise and the West Valley continue to grow.
Office condos are buildings with individual units popular among [...]
Cheap land and overzealous development have made Surprise one of the few Valley areas with an excess inventory of office condominiums, commercial real estate brokers report.
They add, however, that the oversupply should be absorbed in the long run as Surprise and the West Valley continue to grow.
Office condos are buildings with individual units popular among [...]
Developers are bullish about future demand for office-condo units, even though there are signs that the Valley’s market is becoming oversaturated in some areas.
In fact, they are in the process of increasing the area’s inventory of such space by as much as 65 percent and show no signs of slowing even as units remain on [...]
THE Philippines posted a record 13,939 rooms last year, a 9.9-percent increase from the 12,683 recorded in year earlier, Trent M. Frankum, general manager of CB Richard Ellis Philippines, Inc. (CBRE) said.
But Frankum also said these additional hotel rooms are not enough to meet the growing demand for more rooms.
Citing the reports of the Philippine [...]
Retired businessman Tan Phong is not only willing to fork out more than 1,000 Singapore dollars ($660) per square foot for a condominium apartment, he will even queue overnight on the street just to get his dream unit.
Singapore’s private property market is booming, and the rising prices have not dissuaded Singaporeans and foreigners alike from [...]
Mr. Bert Figearo, Director and member of the Board of Asia Pacific Commercial Real Estate Guides and AsiaCRE.com remarks on the build up to this inaugural event as planning kicks in to full swing following the completed selection of the esteemed jury and highly regarded Key Note speaker. “I especially enjoy attending the awards ceremonies [...]
Overlake Business Center in Redmond has been sold for a reported $75.7 million.
The nearly 500,000-square-foot property is located on two campuses next to Microsoft Corp.’s headquarters in Redmond.
Tenants in the 27-building complex include Sears, Lodgenet and Isomedia, according to CB Richard Ellis brokers Brett Hartzell and Scott Davis, who brokered the deal. The seller was [...]
A US$3.37-billion deal announced Monday by billionaires Bill Gates and Saudi Prince Alwaleed Bin Talal to purchase Four Seasons Hotels Inc. underscores a trend by well-heeled investors to acquire hotels and hotel companies worldwide.
The deals are driving up top purchase prices to more than US$1 million per room, while room rates have increased at roughly [...]
LoopNet, Inc., which operates the largest and most heavily trafficked commercial real estate and businesses-for-sale marketplaces online, announced today that it will ring the NASDAQ Stock Market’s opening bell on Monday, February 12 at 9:30 a.m. EST. LoopNet’s participation in this event marks its first year as a NASDAQ company. Richard Boyle, LoopNet’s Chief Executive [...]
CB Richard Ellis Group Inc. said it approved a cash bonus of $1.5 million to Robert E. Sulentic, who joined the company as group president of development services of Asia-Pacific and EMEA operations late last year.
The El Segundo, Calif.-based real estate services firm said in a filing Thursday with the Securities and Exchange Commission that [...]
The Hotel del Coronado reports more than half of the 35 Beach Village at The Del oceanfront cottages and villas have been sold, representing more than $70 million in real estate. The units represent the landmark hotel/resort’s first-ever offering of whole-ownership, limited-term-use condos. The first phase of the construction — 10 cottages, eight single-unit villas [...]
