July 16, 2008
Centro Clears Minor Hurdle With First Asset Sale
As it continues to wrestle with a mountain of debt, Centro Properties Group, a poster-child of the credit crunch, on Tuesday announced the sale of the first piece of its 106.5-million-square-foot U.S. portfolio for $714 million to an unnamed private real estate investment advisor. Read more...
Centro Clears Minor Hurdle With First Asset Sale
As it continues to wrestle with a mountain of debt, Centro Properties Group, a poster-child of the credit crunch, on Tuesday announced the sale of the first piece of its 106.5-million-square-foot U.S. portfolio for $714 million to an unnamed private real estate investment advisor. Read more...
July 11, 2008
Starbucks Loses Ground on Real Estate Front
The announcement that coffee giant Starbucks plans to close 600 locations--500 more than its CEO Howard Schultz had talked about earlier this year--is unwelcome news for frappuccino lovers, but it’s likely to upset real estate owners and investors even more. Read more...
Starbucks Loses Ground on Real Estate Front
The announcement that coffee giant Starbucks plans to close 600 locations--500 more than its CEO Howard Schultz had talked about earlier this year--is unwelcome news for frappuccino lovers, but it’s likely to upset real estate owners and investors even more. Read more...
July 9, 2008
Starbucks Loses Ground on Real Estate Front
The announcement that coffee giant Starbucks plans to close 600 locations--500 more than its CEO Howard Schultz had talked about earlier this year--is unwelcome news for frappuccino lovers, but it’s likely to upset real estate owners and investors even more. Read more...
Starbucks Loses Ground on Real Estate Front
The announcement that coffee giant Starbucks plans to close 600 locations--500 more than its CEO Howard Schultz had talked about earlier this year--is unwelcome news for frappuccino lovers, but it’s likely to upset real estate owners and investors even more. Read more...
July 2, 2008
Six Months into 2008, the CMBS Market Has Failed to Recover
When the credit crunch first broke in earnest last fall and froze the U.S. commercial mortgage-backed securities (CMBS) market in its tracks, the most bullish prognosticators predicted a mere blip. Read more...
Six Months into 2008, the CMBS Market Has Failed to Recover
When the credit crunch first broke in earnest last fall and froze the U.S. commercial mortgage-backed securities (CMBS) market in its tracks, the most bullish prognosticators predicted a mere blip. Read more...
July 1, 2008
Not Part Of The Equation
Jones Lang LaSalle Inc.'s proposed $613 million acquisition of Addison, Texas-based real estate advisory firm the Staubach Co., which would create the second largest commercial real estate brokerage firm in the world, won't boost the Chicago-based global real estate giant's retail division. The deal, which had long been rumored, was finally announced last month. But the planned merger does not include Read more...
Not Part Of The Equation
Jones Lang LaSalle Inc.'s proposed $613 million acquisition of Addison, Texas-based real estate advisory firm the Staubach Co., which would create the second largest commercial real estate brokerage firm in the world, won't boost the Chicago-based global real estate giant's retail division. The deal, which had long been rumored, was finally announced last month. But the planned merger does not include Read more...