City Square, PBN Buildings Sold
Pacific Office Properties Trust Inc. has formed two joint ventures with Angelo, Gordon & Co., to own two separate office properties, the City Square Office Towers in Phoenix, AZ; and the Pacific Business News Building, in Honolulu, HI. The new partnerships are the most recent of more than a dozen joint ventures formed between Pacific [...]
Commercial Delinquency Shows Fragile Recovery
After three consecutive months in which the U.S. CMBS delinquency rate showed signs of leveling off, the rate re-accelerated in April, according to Trepp LLC and Fitch Ratings. In February and March, the CMBS delinquency rate posted its smallest rates of increase since mid 2009. Those statistics, along with the view that CMBS lending was [...]
Rising Rents for Retail???
Falling vacancy rates and rising demand for retail real estate should finally bring about meaningful rent growth for landlords in most U.S. retail markets by the end of 2011, according to CoStar Group economists. Growth in employment and moderately rising demand fueled by greater numbers of shoppers and little new supply of retail development on [...]
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City Square, PBN Buildings Sold
Pacific Office Properties Trust Inc. has formed two joint ventures with Angelo, Gordon & Co., to own two separate office properties, the City Square Office Towers in Phoenix, AZ; and the Pacific Business News Building, in Honolulu, HI. The new partnerships are the most recent of more than a dozen joint ventures formed between Pacific [...]
Commercial Delinquency Shows Fragile Recovery
After three consecutive months in which the U.S. CMBS delinquency rate showed signs of leveling off, the rate re-accelerated in April, according to Trepp LLC and Fitch Ratings. In February and March, the CMBS delinquency rate posted its smallest rates of increase since mid 2009. Those statistics, along with the view that CMBS lending was [...]
