Economy: Page 148
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Tax Fight Over Empire State Building
One view is that some investors will pay more tax than they will get in proceeds if the IPO flies.
By Ron Gallagher • April 9, 2012 -
Goodbye Freddie and Fannie
Advisers all stand to gain from winding down the agencies. Ask a home builder whether it should happen, and you will get a whole other answer.
By Ron Gallagher • April 9, 2012 -
CMBS Delinquencies Spike Again in March
The next 12 months will see nearly $67 billion of CMBS loans due to mature, about 13% of which are already in special servicing, says Morningstar.
By Ron Gallagher • April 9, 2012 -
AIG Provides $90M Retail Acquisition Loan
AIG has become more active in the market lately, Walker & Dunlop's Paul Wallace tells GlobeSt.com's Erika Morphy.
By Ron Gallagher • April 9, 2012 -
Building Trades President Mark Ayers Is Dead
Neither the cause nor the location of his April 8 death were released.
By Ron Gallagher • April 8, 2012 -
CoreLogic Home Price Index Inches Up From January to February
With distressed sales filtered out, the increase was 0.7%, but year-over-year was down.
By Ron Gallagher • April 6, 2012 -
Construction Employment Fell from Feb. to March, but Is Up From 2010
Federal numbers show the construction unemployment rate is about steady month-to-month, but has decreased from a year ago.
By Ron Gallagher • April 6, 2012 -
Deutsche Bank Study: Home-Owning Is 15% Cheaper Than Renting
It's a change. In the past, renting had consistently been about 10 percent cheaper than buying.
By Ron Gallagher • April 5, 2012 -
Macquarie Plans $2B for U.S., Canadian Infrastructure
The Australian bank is the world's largest investor in infrastructure assets.
By Ron Gallagher • April 5, 2012 -
14 Wall St. Gets $300M Recap
A Russian investor paid off mezzanine financing on the million-square-foot building.
By Ron Gallagher • April 5, 2012 -
Education Construction: Heating Up or Cooling Off?
It depends on where you look. The value of Rhode Island projects fell 81% and the value of North Dakota's rose 90% from 2010.
By Ron Gallagher • April 5, 2012 -
Deutsche, Guggenheim, Near $2B Asset Management Deal?
News reports have the German firm ready to sell the business, but the official word is that talks are still going on.
By Ron Gallagher • April 5, 2012 -
In First 'CPE 100' Executive Survey, Washington Gridlock Spoils the Party
As Commercial Property Executive its inaugural poll of 100 leaders in the business, their Washington worries were apparent.
By Ron Gallagher • April 5, 2012 -
NAHB: Improving Markets Index Tops 100 in April
Thirty-four states and the District of Columbia have metro areas that data show are rising from market-bottom values.
By Ron Gallagher • April 5, 2012 -
Construction Costs Likely Up in ’12 – But How Much?
The swirling numbers of a downturn and recovery make it hard to get the important knowledge of what a job is costing.
By Ron Gallagher • April 5, 2012 -
Office Vacancies Decline Slightly
Economic caution kept employers from adding a lot of space.
By Ron Gallagher • April 5, 2012 -
More About Michigan: Court's Decision Could Make 'Non-Recourse' Moot
An appeals court let a lender go after a guarantor for losses on a loan for a strip mall, and the impact of that decision has riveted real estate attorneys' attention.
By Ron Gallagher • April 4, 2012 -
NAHB/Wells Fargo: Confidence, Home Prices Trending Upward
The analysis sees a positive slope for 2012 – unless something goes wrong again. It's about cautious confidence.
By Ron Gallagher • April 4, 2012 -
Is the Cap-Rate Valuation Model Valid Yet?
Commercial real estate offers some tremendous opportunities – if you bought at a deep discount with cash, and did so without forward-looking debt service.
By Ron Gallagher • April 4, 2012 -
Finding Value in Dollar-Store and Drugstore Net-Lease Properties
Retail dynamics are changing, and not many investment-grade properties are available to accommodate it.
By Ron Gallagher • April 4, 2012 -
Deals: Colliers Sells a Landmark L.A. Loft Property
News about deals involving multifamily housing properties from around the nation.
By Ron Gallagher • April 4, 2012 -
Contractors Are Renting More, Buying Less
Equipment rentals have flourished as a means of lowering overhead expenses by trimming debt, licensing fees, taxes, insurance and maintenance.
By Ron Gallagher • April 4, 2012 -
Owning Regains Appeal as Rents Keep Rising
The recession pushed more people into renting, and now rising demand for apartments is driving others to consider taking the plunge to buy.
By Ron Gallagher • April 4, 2012 -
Rowdy 'Class of 2007' Loans Causing Problems
Five-year financing from the height of the bubble are coming due this year, but property values aren't coming coming back to those values.
By Ron Gallagher • April 3, 2012 -
Michigan Case Puts a Chill in the Air About Commercial Foreclosures
The court upheld debt-holders' suing a strip-mall owner personally after his property-holding company went belly-up.
By Ron Gallagher • April 3, 2012