Commercial Real Estate Real Estate News
Commercial Real Estate
U.S. Retail Space Recovery Lagging Record-Breaking Consumer Holiday Spending Activities
According to Jones Lang LaSalle's North America Year-end Retail Outlook report, the retail sector continues to edge tentatively toward recovery, buoyed by a stellar start to the holiday shopping season, as retailers, landlords, and investors capitalize on pent-up consumer demand.
Manhattan's 3 Columbus Circle Lands 340,000 Sq. Ft. Anchor Office Tenant
SL Green Realty and The Moinian Group announced this week that one of the world's leading consolidated marketing communications companies, WPP's Young & Rubicam Group, is relocating Y&R, Wunderman and their network companies to 3 Columbus Circle. Under the agreement announced today, the Young & Rubicam Group is taking approximately 340,000 square feet ...
CMBS Delinquencies Decline in November, Calm Before Storm of Maturing 2007 Vintage Loans
Based on Trepp's CMBS Delinquency Report released today, the delinquency rate in November for U.S. commercial real estate loans in CMBS fell 26 basis points to 9.51%. This was the second biggest drop in 2011, surpassed only by August's 36 point drop. The rate has now fallen in four of the eleven months of 2011. The value of delinquent loans is now $58.5 billion.
U.S. Annual Construction Rate at $798.5 Billion in October
According to the U.S. Census Bureau of the Department of Commerce, construction spending during October 2011 was estimated at a seasonally adjusted annual rate of $798.5 billion, 0.8 percent (±1.6%) above the revised September estimate of $792.1 billion. The October figure is 0.4 percent (±1.9%) below the October 2010 estimate of $802.0 billion.
