Institutional investors will not be abandoning real estate as an asset class in 2010. Instead, they will be retrenching, rethinking, and carefully dipping their toes back into the water.
Though London’s economy has been hit hard by the global recession, the city stands firm alongside New York City and Tokyo as one of three global financial centers and remains unrivaled as the business capital of Europe.
Three-dimensional airspace subdivisions can add value to real estate developments.
Atlantic Wharf, a mixed-use development scheduled to include a waterfront plaza, 30,000 square feet (2,787 sq m) of retail and public spaces, and a 31-story, 750,000-square-foot (69,677-sq-m) Class A office tower, is taking shape in the capital of Massachusetts. And in strong markets around the New York metropolitan area, retail development appears to be a bright spot. In neighboring Connecticut, the single-family home sector is expected to strengthen this year, and the office market in northern New Jersey is starting to gain traction.
Community benefit districts (CBDs) were first developed in Maryland during the 1980s, but business improvement districts (BIDs) date back to the early 1970s in the Canadian city of Toronto.
Five real estate experts discuss issues surrounding the office market downturn, including how it differs from previous ones, the prospects for recovery and indicators to be on the watch for, where the office market is expected to recover first, whether the current downturn will change the way tenants lease properties even after the office market recovers, and what office building owners should focus on to make it through the rest of the recession.
Ten renovation and retrofit projects transform existing buildings into showcases for sustainable strategies.
Yields are stabilizing in certain european office markets, but investor caution continues, particularly in eastern europe.
Prospects for maintaining U.S. real estate education programs appear to be weathering the crisis in real estate finance.
Owners facing the numerous problems in the commercial real estate market have several exit strategies for cash-flow problems before foreclosure or bankruptcy.