February 26, 2010 - NAR Commercial Market Forecast
The National Association of Realtors released its Commercial Real Estate Outlook report this week, expecting no meaningful recovery in commercial real estate before 2011. “Because of the lingering impact from the deep recession over the past two years, vacancy rates will trend higher and many commercial property owners will need to make rent concessions,” [...]
February 24, 2010 - Homes rule for India
India offers stable and higher returns in the longer term and this has caught the attention of Philip Blumberg, chairman and chief executive of US-based Blumberg Capital Partners. Blumberg is raising a $1bn fund for the US, of which $300m will be deployed overseas.
February 23, 2010 - Philip Blumberg on CNBC Business Arabia 02/23
Philip Blumberg on CNBC Arabia 02/23
February 22, 2010 - KBR Staying in Houston, Inks Largest US Office Lease Since Fall 2008
Defense contractor KBR, employing over 50,000 people worldwide, has completed a lease renewal with Brookfield Properties for a total over 1.2 million square feet of space at Houston’s KBR Tower and 500 Jefferson Street, taking on an additional 234,000 square feet in both office buildings. KBR has been headquartered in Houston for some 20 years [...]
February 19, 2010 - AEW Set to Win Boston Property Bid
AEW Real Estate Investment Management, a Natixis Global Asset Management subsidiary, has been announced as the victorious bidder in a nearly closed auction for a desirable Boston office complex in the Longwood Medical area. One Brigham Circle, the 200,000 sq-ft center was the prize offered by New Boston Fund. The full details of the deal have not yet [...]
February 18, 2010 - Research Shows London Undergoing Property Boom
A new report featured in the Wall Street Journal shows city leasing is back on the rise in London at levels not seen since the last property boom. Offices in central London are set to record double-digit rental growth in 2010, according to Knight Frank. James Roberts, head of central London research, Knight Frank said: [...]
- Philip Blumberg on CNBC Arabia 02/18
Philip Blumberg on CNBC Arabia 02/18
February 17, 2010 - General Growth Properties Receives $10B Bid
Simon Property Group, Inc. has made a written offer to acquire General Growth Properties, Inc. in a fully financed transaction valued at more than $10 billion, including approximately $9 billion in cash. Simon made the unsolicited bid for the rival agency seeking to emerge from bankruptcy proceedings and disclosed it publicly this week, sparking speculation [...]
February 16, 2010 - Spirt of Cooperation In Downtown Des Moines
Wellmark Blue Cross and Blue Shield has scored a remarkable real estate coup. In 2007 Wellmark was able to locate and acquire from various owners a 6.6 acre land parcel in downtown Des Moines, IA for its new headquarters. This December it plans to complete the 600,000 sq-ft complex after 30 months of construction and [...]
February 15, 2010 - People@Work: Washington’s Birthday Off? Many Would Prefer Their Own
When asked to rank their top choice of company-sponsored holidays among several days typically included among “floater” days, nearly half of office workers surveyed said they preferred to take off their own birthdays, according to a 2007 poll conducted by Blumberg Capital Partners.
