Category Archives: News

Boston Properties Abandons Pursuit Of London Tower – NASDAQ

London tenants usually sign long-term leases that aren’t subject to rent reductions. Still, some analysts said they remain wary of companies entering markets with no on-the-ground training or local partners to guide them through unfamiliar terrain. “rent reductions” – Bing … Continue reading

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Manhattan Apartment Rents Soar, Again – Wall Street Journal

Manhattan’s apartment-rental rates, already above prerecession levels, continued climbing in April as landlords held their iron grip on a supply-constrained market. The average Manhattan apartment rented for $ 3,429 last month, climbing 3% from … “apartment rents” – Bing News

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Smoke-Free New York City Apartment Buildings Are Popular; New Yorkers Still Weary Of Nanny-State (POLL) – Huffington Post

A majority of New Yorkers want to live in smoke-free apartment buildings, according to a new Quinnipiac poll, but less believe City Hall should outright ban smoking inside people’s homes. New York City voters, by a %59- %39 margin, want … Continue reading

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Open house scheduled for Coon Rapids development – ABC Newspapers

But the analysis states that demand exists for rental housing, while market-rate rental housing is feasible in areas with public amenities. The city is entering into a new planning process to analyze the best use of this land, Brown said. … Continue reading

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Federal Realty: The Elite Dividend REIT – Seekingalpha.com

Federal Realty has a market capitalization of around $ 6.433 billion and the shares are trading at a 20 percent premium ($ 101.00) to NAV estimates of $ 83.88 (using a 5.75 percent cap rate). Federal Realty’s best in class … Continue reading

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Reversing Years of Neglect on a Hill Above Nashville – New York Times

Nearby are the Metro, a market-rate rental building that opened in 2009, and Nance Place, subsidized housing for residents with annual salaries under $ 28,000 that opened last summer. A switchback road connects the northern tier to the southern … … Continue reading

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Leeds Kirkgate Market traders’ rent cuts ‘unlikely’ EXCLUSIVE – Yorkshire Evening Post

Calls for rent reductions to help Leeds market traders battling against the recession look likely to be rejected by senior councillors. But they are expected to agree up to £100,000 can be spent on measures to increase the number of … Continue reading

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Regency Matches 1Q Estimates – Analyst Blog – NASDAQ

Regency sold 2 wholly-owned properties during the quarter for $ 23.1 million at a weighted average cap rate of 7.4%. The company also sold two land parcels for $ 7.4 million. Subsequent to quarter-end, Regency sold 2 co-investment operating … … Continue reading

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TransGlobe Apartment REIT may get higher offer – Financial Post

Ms. Ma said that implies a cap rate of 5.6%. Mr. Drimmer and PSP Investments hold a combined 26% interest in TransGlobe. The REIT’s board has unanimously recommended that unitholders vote in favour of the transaction. “We believe that a … Continue reading

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Hanley Investment Group Sells New Single-Tenant Walgreens in Victorville, California at 5.69% Cap Rate – Newswiretoday.com

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of … Continue reading

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