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Top real estate news stories... |
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CoStar's People of Note (May 13-19) |
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This week's People of Note includes the following markets: Austin, Chicago, Houston, New York City, Philadelphia, Phoenix, San Antonio and Washington, DC.
AUSTIN
Transwestern Expands Investment Services Group
By Dennis Bozzell
Transwestern’s Central Texas region added Leah Gallagher as managing director for the firm's investment services group in Austin.
Gallagher’s duties will include representing major institutional, government and private... |
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Financing Green Part I: Funding Energy Efficient Retrofits and Overcoming Uncertainty |
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It has become increasingly evident to those in the commercial real estate industry that improving building energy performance and making other sustainable and green improvements can impact property values and balance sheets. To some degree, building owners find themselves caught in a 'Catch 22' situation. On one hand, buildings that are slow to adopt these changes and implement green retrofits and more efficient operations are seen as being at a... |
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Brookfield Asset Management to Spin Off $70B CRE Company |
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Brookfield Asset Management Inc., already one of the world's largest holders of commercial real estate assets under management, is making a major play to capitalize on recovering property markets and become an even bigger global player.
The Toronto-based firm, which already manages worldwide property, infrastructure and financial assets valued at more than $150 billion, said it will spin-off several of its CRE units into Brookfield Property Partners... |
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Owners Report Scattered Office Leasing Success in Q1 |
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Many of the nation's most prominent REITs and real estate companies reported continuing softness in the office leasing market during the first quarter. And while expectations for a continued slow recovery should result in expected hiring and improved leasing demand later this year, they acknowledge that economic uncertainties could drag down any success they might have been expecting.
CoStar Group culled through first quarter earnings press releases... |
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Banks Finally Willing To Catch Up on CRE Borrowing Demand |
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Having experienced stronger demand over the past three months, banks have started easing their lending standards for commercial real estate.
The move is another signal that banks are more willing to start growing their CRE loan portfolios as they have |
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