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December 2, 2008 10:14:56 PM CST


commercial real estate

commercial real estate news stories

7 Stories

Overbuilding Leaves Malls Under-Occupied

Retail space glut likely to well outlast current economic slowdown

(Newser) - A decade of rapid expansion by developers and an increase in store closings has created a glut of space in malls that could persist for years, the Wall Street Journal reports. “There were a lot of projects that shouldn't have been built” during the past decade, the CEO of the top US mall-owner says. An upside: Rent is coming down for retailers. More »

More about:  Home Depot retailing commercial real estate malls

Chicago Transit Explores Groceries in Train Stations

Agency hopes to reap $100M over 5 years with new developments

(Newser) - The Chicago Transit Authority is looking make more money from the real estate it owns, and is investigating installing grocery stores and restaurants inside “L” (elevated train) stations, the Tribune reports—with the agency hoping to generate $100 million over the next 5 years from such commercial development. "People could get off directly inside the grocery store and go shopping without ever going outside," one official says. More »

More about:  real estate retail subway real estate development commercial real estate Chicago Midway Airport Chicago Transit Authority

Commercial
Real Estate Will Slow, Not Tank

Malls, offices won't be hit nearly as hard as housing, experts say

(Newser) - The commercial real estate market has slowed dramatically, but won’t rival the housing implosion, reports the Wall Street Journal . Prices will likely fall just 20%, compared with 40%-plus for homes in some markets, and commercial property owners—unlike record numbers of homeowners facing foreclosure—have largely been able to keep mortgages current. More »

More about:  credit crisis US economy recession housing crisis foreclosure real estate values commercial real estate malls

Goldman Analysts Warn of Next Crisis

Commercial real estate outlook even worse than subprime situation

(Newser) - Commercial real estate could be the next victim of the current economic downturn, and if it is, expect it to cause another full-fledged crisis, the Wall Street Journal reports. Commercial real estate values could fall as much as 26% over the next 2 years, Goldman Sachs analysts predict, leading to another round of huge write-offs and creating "a significantly longer tail than subprime." More »

Credit Crunch May Worsen Fast

Plunging corporate loans could spell
more trouble

(Newser) - The worst of the credit crunch may not be over, bankers and analysts warn. Low-rated corporate loans have recently been plunging in value, which could lead to banks rushing to dump the loans at low prices, reports the Wall Street Journal . As a result, investors may back off securities backed by loans, bonds, and even commercial real estate. More »

More about:  credit crisis commercial real estate

Commercial Properties Squeezed

Owners of malls and office buildings
are starting to feel the subprime pinch

(Newser) - Add the once-solid commercial real estate market to the list of sectors felled by the subprime mortgage contagion, as owners of malls, apartment complexes and office buildings have seen financing disappear, prices plunge and the pace of sales dwindle 50%, reports the Wall Street Journal. Lenders, burned by the residential debacle, have become reluctant to risk commercial exposure. More »

More about:  subprime mortgages real estate values commercial real estate commercial paper office buildings

Singapore Blossoms into Major City

Stern Asian capital set to emerge as a tourist haven filled with casinos, hotels, and amusement parks

(Newser) - Singapore is transforming itself from a dull metropolis famous for its draconian cleanliness into an exciting, vibrant, tourists' paradise, Time reports. Plans are percolating for casinos, skyscrapers, amusement parks, and a multi-billion dollar residential and commercial real estate development located downtown. More »

More about:  China immigration tourism population Singapore birth rate commercial real estate modernization

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