Wednesday, October 24, 2012

Office Market Recovery Continues In Third Quarter Despite Election Year Jitters

National Commercial Real Estate News From CoStar Group

Office Market Recovery Continues In Third Quarter Despite Election Year Jitters

Demand for office space in the U.S. held steady in the third quarter as leasing activity and absorption of available office space continued to pick up momentum following a lackluster start at the beginning of 2012, CoStar Group reported this week in the company's Third-Quarter 2012 Office Review & Outlook.

The overall U.S. office vacancy rate edged down and net absorption rose to 15 million square feet during the quarter from 13 million square...

Bankers Give 6 Reasons To Shop for a CRE Loan Now; And 2 Reasons Not To

The second week after the end of quarter is always a revealing time for commercial real estate. That's when many of the nation's largest bank holding companies go live to discuss their earnings, and how their CRE lending is faring. In this latest go-around, the bank executives provided the clearest picture of CRE conditions that they have in a long time.

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As we do each quarter, we present the most...

QE3: A Sequel That Seems To Be Living Up to the Original's Expectations

As the presidential campaigns began their home stretch following Labor Day weekend, it wasn't surprising that people in some camps dismissed the Federal Reserve's decision to initiate a third round of quantitative easing (QE3) as political hocus pocus.

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One month in, though, it appears the latest round of stimulus is sparking some expected and unexpected good.

Under the September plan, the Federal...

Facility Closures & Layoffs: Univ. of Phoenix Closing 115 Schools and Campuses

Apollo Group Inc., the Phoenix-based owner of the for-profit University of Phoenix chain of colleges, plans to shutter115 locations as part of its plan to "re-engineer business processes and refine its delivery structure."

The closures will consist of 90 learning and student resource centers, which are generally smaller satellite locations, and 25 of its campuses.

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The company has also begun implementing...

Beacon Snags One City Center in Houston

Beacon Investment Properties acquired One City Centre, a 609,000-square-foot, Class A office building at 1021 Main St. in Houston's central business district. Behringer Harvard was the seller.

This deal closely follows Beacon's purchase of the 560,000-square-foot Ashford office portfolio in the Energy Corridor, which occurred less than 30 days ago.

Renovation of One City Center was completed in 2010. The 31-floor tower recently achieved LEED...

In The Pipeline: CoStar Development & Construction News for Oct. 21 - 27

In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project -- and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail.
San Francisco's Transbay Tower Cleared For Construction

The Transbay...

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