Investment Trust Rolls Out 3-month Distribution

August 02, 2011 / Elizabeth Buckley, Commercial Property Analyst
Investment Trust Rolls Out 3-month Distribution The board of directors of the self-managed real estate investment trust, Healthcare Trust of America, Inc., has authorized distributions for the months of August, September and October 2011. These distributions will be calculated based on the stockholders of record each day during each such month at a rate of $0.00198630 per share per day and will equal a daily amount that would equal a 7.25 percent annualized rate based on a share price of $10.00.... »

Lower Office Vacancy Rate in Greater Toronto Area Seen in Q2

July 19, 2011 / Elizabeth Buckley, Commercial Property Analyst
Lower Office Vacancy Rate in Greater Toronto Area Seen in Q2 Availability and vacancy rates in districts and asset classes across the Greater Toronto Area (GTA) office market have lowered as tenant activity and leasing speed from the first quarter “spilled over” into the second quarter, according to report by Avison Young. “Over the last 12 months, the GTA office leasing market has performed exceptionally well, supported by a continued steady flow of lease transactions, eroding the supply of available space options along the way and... »

Increased Demand in Office Space Expected in Edmonton’s South Side District

July 14, 2011 / Elizabeth Buckley, Commercial Property Analyst
Increased Demand in Office Space Expected in Edmonton’s South Side District The South Side district, one of Edmonton’s primary commercial growth nodes, has been seeing increased demand as it continues to recover from the office space surplus in 2008 and 2009, according to quarterly report. Avison Young’s Second Quarter 2011 Edmonton Office Market Report stated that this growing demand for office space comes while the city’s financial core is set to experience a similar surplus in what has become commonly known as the “EPCOR Effect”, whereby... »

Real Estate Company Sells Overlook at Berkeley Lake Apartments

July 08, 2011 / Elizabeth Buckley, Commercial Property Analyst
Real Estate Company Sells Overlook at Berkeley Lake Apartments Real estate company Harbor Group International, LLC has sold the 660-unit Overlook at Berkeley Lake Apartments in Atlanta, Georgia following its purchase of the property in September 2009 for $33.9 million. “Completing the sale of Overlook at Berkeley Lake Apartments after less than two years of owning the property represents a remarkable success for Harbor Group International and our investors,” said Jordan E. Slone, Chairman and CEO of HGI. “Consistent with our investment approach, we... »

Real Estate Company Winds Up Sale of Joint Venture Asset in Orlando

July 08, 2011 / Elizabeth Buckley, Commercial Property Analyst
Real Estate Company Winds Up Sale of Joint Venture Asset in Orlando S&P Small Cap 600 Index member real estate company Parkway Properties, Inc. (NYSE: PKY) has sold its Maitland 200 for a gross sale price of $23 million. Parkway partially owned Maitland 200, a 204,000 square foot office property located in the Maitland submarket of Orlando, through a joint venture. The property was 95.7% occupied as of July 1, 2011. The gross sale price for Maitland 200 represents a capitalization rate of an estimated 6.7%,... »

Initial Public Offering of Health Care Facility at $18.00 a Share

June 29, 2011 / Elizabeth Buckley, Commercial Property Analyst
Initial Public Offering of Health Care Facility at $18.00 a Share US health care facility Vanguard Health Systems, Inc. has bared the pricing of its initial public offering of 25,000,000 shares of common stock at a price of $18.00 per share. The shares have begun trading on the New York Stock Exchange on June 22, 2011 under the ticker symbol “VHS.” In April 2011, the health care facility filed with the SEC to raise up to $600 million in an IPO. The underwriters have been granted... »

Office Space Rental Fees Increase 4.3pc in Q1

June 14, 2011 / Elizabeth Buckley, Commercial Property Analyst
Office Space Rental Fees Increase 4.3pc in Q1 A new MarketView report released by commercial real estate services firm CB Richard Ellis has shown office space rental fees have increased worldwide, with the CBRE Global Office Rent Index having surged 4.3pc year on year in Q1 2011. MarketView analyzes global office markets across Asia Pacific, Europe, Middle East and Africa (EMEA) and the Americas, which include global office development and construction, vacancy rates, rental cycles, key market snapshots and regional office summaries. Raymond... »

Music School’s New Location

April 12, 2011 / Elizabeth Buckley, Commercial Property Analyst
Music School’s New Location The music school, The Collective School of Music, has recently moved in a new location — from its 541 Avenue of the Americas to 123 West 18th Street, New York. The music school has been in 541 Avenue for about 26 years, but the increasing number of the students made the move imperative for the school, according to the school director, Anthony Citrinite.   In Dallas, another company, not a school, is also moving to... »

Yotel Luxury Hotel Goes to New York

April 11, 2011 / Elizabeth Buckley, Commercial Property Analyst
Yotel Luxury Hotel Goes to New York Yotel New York, a YO! Company luxury hotel brand with hotels at airports founded by Simon Woodroffe and Gerard Greene, will be opening this June at the Big Apple. The company’s luxury hotel, which is known for its mini-rooms, will be opening the 669-room Yotel Times Square, situated at 42nd Street and 10th Avenue, New York, on June 1, 2011.   Near Washington DC, a new hotel will also be developed — the first hotel... »

Shopping Malls Recorded All-time High Vacancy Rate

April 08, 2011 / Elizabeth Buckley, Commercial Property Analyst
Shopping Malls Recorded All-time High Vacancy Rate Regional shopping malls and centers across United States faced the highest vacancy rate in the first quarter of 2011 — for the last decade. Shopping malls around the country are said to be suffering from recession, the enormous building boom, and to the changing consumer habits, according to Reis Inc, a commercial real estate firm that provides impartial commercial real estate performance information.   Vacancy rate for regional shopping malls in the country from 8.9... »

Market Watch News

News for market watch includes major and recent changes in the real estate market and the economy today – sales rates, commercial real estate market’s increase and declines, and projections from real estate firms and economist in the U.S. and worldwide. It will help you make weighted decisions with good future outlook.