National Commercial Real Estate News From CoStar Group
Apt. Building Boom Drives Recovery In Commercial Construction
A host of new data and leading indicators show that commercial and residential construction is gaining significant strength in most regions of the U.S., led almost entirely by a surge in development activity in the multifamily and single-family housing markets.
In more evidence that the single-family housing recovery is strengthening, U.S. builders in October started construction on the most homes and apartments since July 2008, according to Commerce...
Scrapped IPO, $16B Archstone Sale Underscores Market Twists and Turns For Apartment Investors
Even as Archstone was filing its latest plans last week with the SEC for what would have been the largest real estate IPO in history, its owner, bankrupt investment banking firm Lehman Brothers Holdings Inc., was quietly negotiating the apartment giant's sale to two of the nation’s largest multifamily REITs.
In a post-Thanksgiving surprise this week, Equity Residential (NYSE: EQR) and AvalonBay Communities, Inc. (NYSE: AVB) agreed to buy Archstone...