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November 21, 2008 9:03:08 PM CST

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Office Rents Soar in US

Companies are bearing the brunt of a price surge for commercial leases

Wall Street Journal Wall Street Journal Jul 5, 07 1:50 PM CDT
(Newser) - The price of office space has surged nationwide due to a dwindling store of vacant commercial property and picky landlords increasingly keen on attracting well-heeled tenants. Across the country, leases spiked an average of 3.1% in the second quarter, following an increase of 2.8% in the first. More »

More about:  US economy • real estate • Manhattan • commercials • office • rent • property • office buildings • rentals

150-Story Chicago Spire to Begin Construction

Calatrava designed building will be nation's tallest building

Chicago Tribune Chicago Tribune Jun 27, 07 8:30 CDT
(Newser) - The Chicago Spire, designed by Spanish architect Santiago Calatrava, is finally under way. Following an ownership change, a design change and a name change, what will become the nation’s tallest building will be completed in 2010. More »

More about:  Chicago • real estate • architecture • condominium • Chicago Spire • Santiago Calatrava • Blair Kamin

Consumer Confidence,
New Home Sales Slump

Grim economic indicators continue to stack up

Bloomberg Bloomberg Jun 26, 07 12:13 PM CDT
(Newser) - Indicating that the topsy-turvy economy probably won't be righting itself anytime soon, consumer confidence dropped in May, as did new home sales, a signal that the reeling housing market has yet to hit bottom. The Fed will likely take up consumer worries at a 2-day meeting that starts tomorrow, Bloomberg reports, and probably won't change interest rates. More »

More about:  Federal Reserve • subprime mortgages • housing market • mortgage • real estate • consumer • home sales • homes • housing starts

Home Sales Plunge to
4-Year Low

Inventory glut, rising mortgage rates bode ill for quick rebound

Associated Press Associated Press Jun 25, 07 6:27 PM CDT
(Newser) - Sales of existing homes fell again last month, while the number of homes languishing on the market hit a 15-year high. The median price sank to $223,700, the AP reports, and thanks in part to the woes of the subprime mortgage sector, overall sales were 10.3% below last year's numbers. Says one analyst: "Don't look for a bottom anytime soon." More »

More about:  subprime mortgages • housing market • mortgage • real estate • home sales • homes

Top 10 Real Estate Markets

Sperry van Ness Jun 23, 07 8:24 CDT
(Newser) - Riverside/San Bernadino, CA Orange County, CA Las Vegas, NV Orlando, FL San Jose, CA More »

More about:  California • Las Vegas • real estate • Washington DC • homes • Orlando • Orange County • San Jose • San Bernadino • Riverside

Home Foreclosures Hit Record

A dreary real estate market is fueling an all-time high rate of foreclosures

Bloomberg Bloomberg Jun 14, 07 3:16 PM CDT
(Newser) - Home foreclosures hit a record high in first-quarter 2007 as more subprime borrowers failed to make their mortgage payments. The number of mortgages entering foreclosure spiked four basis points to 0.58% and over 2.4% of subprime mortgage holders defaulted, up from 2% last quarter, according to a report released yesterday by the Mortgage Bankers Association. More »

Largest Oil Spill in US Seeps Under Brooklyn

Exxon owns up to a century of leaks and dumping over 55 acres

New York New York Jun 4, 07 5:54 PM CDT
(Newser) - Underneath the ground of Greenpoint, Brooklyn, is a dark blob of gasoline, solvents, and associated poisons that composes the biggest oil spill in US history.  It's accumulated from a century's worth of smaller leaks and waste dumping, reports New York magazine, and ExxonMobil has quietly accepted the blame, but done little to clean it up. More »

More about:  environment • cancer • New York • oil • environmentalism • real estate • ExxonMobil • oil spill • chemicals • Brooklyn • waste • bone cancer • Greenpoint • hydrocarbon

Tishman, Lehman Close REIT Deal

$13.5B offer for apartment giant marks major privatization

Bloomberg Bloomberg May 29, 07 11:50 CDT
(Newser) - In a penthouse-level play, real estate developer Tishman Speyer Properties and investment bank Lehman Brothers will spend $13.5 billion to buy the nation's second-largest apartment owner. The $60.75 per share offer for real estate trust Archstone-Smith, confirmed this morning, will take the company private in a deal worth over $22 billion including debt. More »

More about:  business • Lehman Brothers • acquisition • real estate • merger • investment bank • privatization

Monthly Housing Sales Jump

But prices are way, way down

International Business Times International Business Times May 24, 07 2:15 PM CDT
(Newser) - The real estate market had a volatile April, with home sales rising at their fastest rate in 14 years. But the 16% spike in sales over the previous month hid a more complicated reality: New home prices dropped by a record 11%, according to Commerce Department figures released today, and builder confidence remains low. More »

More about:  US economy • housing market • real estate • housing • economic indicators • durable goods

Home Prices Boom, In
Select Cities

Cities that sat out the bubble are showing gains despite overall slump

Wall Street Journal Wall Street Journal May 9, 07 10:28 CDT
(Newser) - Despite the real estate slump, several cities are seeing double-digit gains in housing prices: Portland, Boise, Seattle, Salt Lake City, Houston, Austin, Charlotte and Raleigh aren't feeling the bubble blues—in part because they missed out on the bubble. More »

More about:  US economy • housing market • real estate • housing • growth

Newmark Brains Scammers

Craig's List founder tracks online
swindlers the old-fashioned way— brainpower

New York Observer New York Observer Mar 5, 07 6:20 PM CST
(Newser) - “We are not really that high-tech of a company,” the man who brought classifieds into the Internet age, Craig’s List founder Newmark, tells the New York Observer, explaining why he uses a combo of customer feedback and his own memory—instead of techie solutions like IP-address blockers or email tracing—to track the real estate scammers who populate the site. More »

More about:  Internet • technology • fraud • real estate • Craigslist • NYPD • entrepreneurs • New York real estate • online fraud • Craig Newmark

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