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LaSalle ready for U.S. commercial property deals

NEW YORK (Reuters) - LaSalle Investment Management has about $1.5 billion to $2 billion ready to use to buy U.S. commercial property for its investors but does not expect to pull the trigger for a few quarters.

No recovery for U.S. property markets until 2017

NEW YORK (Reuters) - The U.S. urban commercial real estate markets probably will not recover until 2017, the head analyst of commercial mortgages for Deutsche Bank Securities (DBKGn.DE: Quote, Profile, Research, Stock Buzz) said on Monday.

Bargains abound in distressed market

JIM WOODARD Creators News Service 22.06.2009

The Green Mandate for Commercial Real Estate

Dees Stribling Hospitality Design 22.06.2009
Bargains abound in distressed market

Distressed properties — foreclosures, pre-foreclosures, bank-owned and short sale properties — represent an estimated 40 percent to 50 percent of all home being sold today in major U.S. markets. In fact, it is estimated that 8 million U.S. properties will be foreclosed upon by the end of 2009.

The Green Mandate for Commercial Real Estate

Green building standards may not seem to be on the front burner of commercial real estate as much this year as last, simply because very little new development is breaking ground these days. Yet think and planning and policy shifts regarding sustainable real estate go on, anticipating the day when development will begin again.

Spring U.S. housing market fell short-Coldwell CEO

NEW YORK (Reuters) - This year's peak home-buying season was lackluster, as buyers seeking to trade up to larger houses were absent, said the head of one of the country's largest real estate firms.

Shapell Industries Closing Sales Despite Real Estate Downturn

BEVERLY HILLS, CA -- 06/17/09 -- Beverly Hills based Shapell Industries, Inc. -- parent company of S&S Construction and Shapell Homes -- has remained profitable despite the current, historic housing crash. In fact, while other developers have been forced to file Chapter 11 or have opted to simply stop building, Shapell not only has sticks in the ground, but also is consistently closing sales.

New Law to Delay Foreclosures

kmph.com 17.06.2009
U.S. Stocks Fall; S&P 500 Has Biggest Two-Day Drop Since April

June 16 (Bloomberg) -- U.S. stocks fell, sending the Standard & Poor’s 500 Index to its biggest two-day tumble since April, as Best Buy Co. posted disappointing sales and commodity producers sank on concern the economic recovery is stalling.

New Law to Delay Foreclosures

Fresno - The American dream of homeownership continues to turn into a nightmare for many families.

Developer George Tsakopoulos dies

business journals 17.06.2009
Real estate market looking up! May housing construction jumps 17 percent

U.S. builders broke ground on more houses than forecast, as multifamily units surged and single- family units rose by the most since January 2006.

Developer George Tsakopoulos dies

Noted Sacramento developer George Tsakopoulos died Monday at the age of 82.


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