Friday, November 2, 2012

CRE Industry Takes Stock of Hurricane Sandy Damage

National Commercial Real Estate News From CoStar Group

CRE Industry Takes Stock of Hurricane Sandy Damage

As the Northeast and Mid-Atlantic dig out from Hurricane Sandy, commercial real estate firms have begun releasing loss estimates and damage assessments and the tallies are significant.

As of this morning, Eqecat Inc., an insurance risk modeling firm, is estimating initial insured loss between $10 billion and $20 billion with an additional $30 billion to $50 billion in total economic damage.

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CoStar's People of Note (Oct. 28-Nov. 3)

This week's People of Note includes the following markets: Boston, Denver, San Francisco and St. Louis.

Capital Markets Team Joins Avison Young in Boston
By Laurie Forbes

Avison Young expanded its capital markets business in the New England region with the hiring of three industry veterans. The Boston team gained (pictured from left to right) Michael Smith and Scott Jamieson as principals and Brandon Dickason

Major CRE Firms Say 3Q Deal Slowdown Reflects Client Caution

The largest publicly traded CRE firms reported leasing and sales activity slowed noticeably in the U.S. during the third quarter as businesses wait on the sidelines for clarity from next week’s election and ensuing efforts to resolve nation’s fiscal debt and tax issues before making major property decisions.

Also in third-quarter earnings calls this week, CEOs of the two largest publicly traded CRE companies said the ongoing debt crisis in Europe...

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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