National Commercial Real Estate News From CoStar Group
Warehouse Development May Finally Ramp Up as Supply of Big Box Space Recedes
Demand for U.S. warehouse space continued to putter along in the third quarter, with companies making fewer leasing decisions in the face of mixed economic signals that include lackluster job growth in manufacturing and other sectors impacting industrial real estate.
However, the lack of robust absorption in recent quarters hasn't stopped developers from dipping their toes back into the warehouse market to fill a heightened demand for big-box warehouse...
Lightening Debt Load, Archstone Shedding at Least $1.7B In Assets to Prepare for IPO
Englewood, CO-based Archstone Inc. disclosed some interesting and specific details about its plans to slice its debt load by $9.65 billion as it prepares for what would be the largest initial public offering (IPO) for a REIT ever, and the largest IPO for any company since Facebook went public earlier this year.
Just two months after winning full control of the apartment giant following a legal battle with Sam Zell’s Equity Residential, Lehman Bros...
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...