Three years after rescuing a Park Avenue office tower from default Vornado Realty Trust has put the Manahattan property on the market. Vornado — which has a stake in more than 20m square feet of Manhattan office space — has instructed Eastdil Secured to... Read More
Central London office investment has now reached an all-time high, with the fourth quarter of 2013 becoming the highest grossing quarter on record. Investment volume peaked at £7.46 billion between the start of October and the end of December, increasing by... Read More
When comparing the economy of today with the situation only one year ago, one may be forgiven for assuming that the fast pace of recovery has ensured financial security for businesses in record time. However, as the economy is still geared towards austerity... Read More
One of Washington’s landmark hotels has been sold and moth balled prior to a multi-million dollar redevelopment. Details surrounding the sale by Stanford Hotels Corporation of its L'Enfant Plaza Hotel in downtown Washington D.C. are still sketchy with new... Read More
Vancouver's downtown building boom will create much-needed office space in the city. Mayor Gregor Robertson broke ground recently on The Exchange, a $200 million, 31-storey Credit Suisse office tower in the financial district. It is one of seven buildings... Read More
UK retailers have faced a number of challenges in recent years, with competition from online brands and the rising cost of business rates compounding financial issues caused by the longest recession in recent history. Yet while these issues are now gradually... Read More
An estimated $1.4 trillion in commercial mortgages are due to mature between 2014 and 2017 and, according to a year-end report from real estate analysts Trepp, lenders and investors could be in for a flood of refinancing that could result in challenges for... Read More
