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CURRENT NEWS AND INFORMATION
The jaw-dropping $121.5 million that an investor paid last month for Fells Point's Union Wharf apartments was the starkest example yet in Baltimore of how a booming national real estate market is pushing some firms to turn to smaller, riskier cities.
Stepped-up business hiring pushed the rental price of U.S. office space up 3.1 percent in the first quarter, the highest quarterly gain in a decade, as demand for commercial real estate accelerated, according to Jones Lang LaSalle Inc . Though occupancy growth in office space slowed to just over 6 million square feet from about double that pace throughout 2014, development activity and rental ...
SURGOINSVILLE — The availability of high speed Internet is expected to make the Phipps Bend Industrial Park more attractive to companies shopping for locations to build a plant.For years the Hawkins County Industrial Development Board has tried to get “fiber” into Phipps Bend, but the providers weren't willing to make the investment. When Sullivan County’s NETWORKS industrial recruiting ...
The Federation of Exchange Accommodators announced that the Section 1031 Like-Kind Exchange Coalition, of which it is a member, released a study, “Economic Impact of Repealing Like-Kind Exchange Rules,” which concludes that repealing the I.R.C. Section 1031 like-kind exchange rules would slow economic growth, reduce GDP and hurt many U.S. small businesses. (PRWeb March 18, 2015) Read the full ...
Real estate accounted for more than half of Wanxiang's total investments in the U.S. in the past five years.
After incurring the wrath of many lower-peninsula residents with its initial development plan for the Sergeant Jasper apartment tower site, the Beach Company unveiled a new plan Monday that is significantly taller, has fewer apartments, includes extensive office space, and does not include a grocery store.
The Hertz Investment Group, a California company that owns office buildings around the country, pocketed $14.25 million this month when it sold the Starks building in downtown Louisville. Yet for the last two years, Hertz has been able to lower its annual property tax bill by insisting that the 14-story building is worth much less than that.
The average U.S. rent has climbed 14 percent to $1,124 since 2010, according to commercial property tracker Reis Inc. That's four percentage points faster than inflation, and more than double the rise in U.S. home prices over the same period. "The only relief in sight is rents in the hottest markets are going to go up at a slower pace, but they're still going to go up," says Hessam Nadji, chief ...
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