Property Management Link

While prices across commercial real estate are down from a year ago, they increased in September up 2.5 percent from the month before, according to an Associated Press report on Moody's/REAL Commercial Property Price Indices. The top 10 markets showed modest gains in all property sectors in the third quarter, Moody's said.

Flagler Development Group has signed paper products firm Lagasse Sweet to a 240,000-square-foot lease in a build-to-suit facility at Flagler Station, South Florida’s largest business park.

• Today on CPN Radio: Diana Mosher's Multi-Family Update


• New on CPN Radio: Interviews with David Winstead, Bill Hudnut and Bill Collins at CPN’s Washington, DC Property Opportunities in the Conference Series Section


• Log on to CPN Radio for Interviews with Terry Munoz of Nielsen Claritas and David Arena of Grubb & Ellis at  CPN’s New York Investment Conference


• CPN Radio Extras: Interviews from CoreNet Global Fall Summit: Prentice Knight, Jim Costello, Charles Lockwood and Barry Varcoe & Bruce Ficke


• Log on to CPN's Blog, REal Talk with CPN


• CPN-Nielsen Claritas Special Report: Lifestyle Centers as Predictors of Markets Growth Potential


• Guest Column: Coping with the Capital Markets, By Craig Butchenhart




• This Week on Mike Myatt's Management Matters Blog: Teach Them to Fish


• Deal Tracker: Top Deals in Primary Markets

Bridge Development Partners L.L.C. in partnership with Globe Corp. will develop 555 Corporate Center, a 162,000-square-foot, four-story speculative office building at 555 Aptakisic Road in Lincolnshire, Ill.  Plans call for the Class A office facility to be LEED certified by the U.S. Green Building Council.

CB Richard Ellis Group Inc. has just kicked off its restructuring services group to provide one-stop shopping for clients in need of services to address the growing pool of distressed commercial real estate assets.

A huge mixed-use development in a Houston suburb has recently both broken ground and potentially added another major component. The 150-acre WaterLights project, being developed by Historic Real Estate Inc., is under way in the growing Houston suburb of Pearland.

You know it’s a tough market when even Washington, D.C., is affected. Yes, even the long recession-resistant center of government has seen a reduction in real estate investment sales, as speakers affirmed during the investment panel at CPN’s Washington, D.C. Property Opportunities conference on Nov. 18.

Jobless claims are at their highest level in 16 years, according to the U.S. Department of Labor. For the week ended Nov. 15, initial claims for state unemployment insurance benefits were 542,000. The four-week moving average of new jobless claims also rose, from 490,750 last week to 506,500, which was the highest in 25 years.

While Wall Street rebounded Tuesday in another turbulent session as investors rushed back into the market after the Standard & Poor's 500 index tested a 2003 low, the market for debt used to finance hotels, offices and shopping malls tumbled Tuesday on worries that the long-feared rise in defaults for commercial mortgage-backed securities had begun, possibly ushering in the next phase of the financial crisis, according to the Wall Street Journal.

Tennessee-based Gaylord Entertainment has pulled out of a plan to develop a $1 billion resort in Chula Vista, Calif., but the firm claims the project’s abandonment was not caused by the frozen debt markets that have wreaked havoc on developments across the nation.

Using the proceeds to pay down its unsecured line of credit, Boston Properties Inc. has closed on an eight-year, $375 million loan secured by Four Embarcadero Center in San Francisco. The loan was provided by a syndicate of life insurance companies and bears interest at a fixed rate of 6.10 percent annum.

Boston-based STAG Capital Partners has initiated STAG Investments V L.P., a fund targeting commitments of $400 million for the acquisition of predominantly high-yield single-tenant industrial properties across the country.

• Today on CPN Radio: Coreen Bailor's Industry Update


• Log on to CPN Radio for Interviews with Terry Munoz of Nielsen Claritas and David Arena of Grubb & Ellis at Last Week's New York Investment Conference


• CPN Radio Extras:Pre-Audiocast Interviews from CoreNet Global Fall Summit with Prentice Knight and with Barry Varcoe and Bruce Ficke


• Also on CPN Radio: Interviews from CoreNet Global Fall Summit with Jim Costello of Torto Wheaton Research and Sustainability Consultant Charles Lockwood


• Log on to CPN's Blog, REal Talk with CPN, to Share Your Thoughts on Today's News


• CPN's 2008 Stars to Watch: The Stories Behind the Pros to Keep Your Eye on


• CPN-Nielsen Claritas Special Report: Lifestyle Centers as Predictors of Markets Growth Potential


• Guest Column: Coping with the Capital Markets, By Craig Butchenhart




• This Week on Mike Myatt's Management Matters Blog: Teach Them to Fish


• Deal Tracker: Top Deals in Primary Markets

The Federal Deposit Insurance Co. is temporarily taking 200,000 square feet of office space at 40 Pacifica Place in Irvine, Calif., to manage receiverships and to liquidate assets from failed financial institutions, mostly in the Western United States.

Guardian Management L.L.C. has agreed in principle to acquire a 4,000-unit multi-family portfolio from Atherton-Newport Investments (ANI), a firm that filed for Chapter 11 reorganization in January. Guardian will carry out the acquisition through one of its investment funds.

The bosses of the Big Three automakers, who are facing the prospect of being bosses of the Not-So-Big-Three anymore, came before Congress today to beg, "Please, sir, can I have some more?" As in more loans to stay afloat, besides the $25 billion already committed to retool to build fuel-efficient cars.

Just when it seems the latest financial news has hit rock bottom and things surely have to be looking up, another round of bad news sends the market spiraling downward again. News of trendy bargain retailer, Target, stemming new store openings won’t make the commercial property world happy either.

Boston Mayor Thomas Menino announced that four projects totaling more than $75 million in private investment have received approvals from the Boston redevelopment authority’s board of directors.

The Miami City commission has approved special district zoning for Miami Worldcenter, a nine-block mixed-use development situated north of the city's Central Business District. 

• Today on CPN Radio: Hospitality Update with Eugene Gilligan


• Log on to CPN Radio for Interviews with Terry Munoz of Nielsen Claritas and David Arena of Grubb & Ellis at Last Week's New York Investment Conference


• CPN Radio Extras:Pre-Audiocast Interviews from CoreNet Global Fall Summit with Prentice Knight and with Barry Varcoe and Bruce Ficke


• Also on CPN Radio: Interviews from CoreNet Global Fall Summit with Jim Costello of Torto Wheaton Research and Sustainability Consultant Charles Lockwood


• Log on to CPN's Blog, REal Talk with CPN, to Share Your Thoughts on Today's News


• CPN's 2008 Stars to Watch: The Stories Behind the Pros to Keep Your Eye on


• CPN-Nielsen Claritas Special Report: Lifestyle Centers as Predictors of Markets Growth Potential


• Guest Column: Coping with the Capital Markets, By Craig Butchenhart




• This Week on Mike Myatt's Management Matters Blog: Teach Them to Fish


• Deal Tracker: Top Deals in Primary Markets