REIT.com delivers the latest articles, investment data and analysis, news, policy and other important articles.
Commercial real estate prices continued to fall in May, down 7.6 percent for the month, according to the latest data from the Moody's/REAL Commercial Property Price Indices (CPPI).
Pharmaceutical company ImClone Systems has selected one of Alexandria Real Estate Equities' facilities in New York as its new headquarters for research and development.
The downturn in commercial real estate fundamentals accelerated in the first quarter of 2009, and the trend shows no signs of abating, according to a market analysis conducted by Moody's Investors Service.
The latest round of applications for financing under the government's Term Asset-Backed Securities Loan Facility (TALF) produced the first investor applications for loans to purchase legacy commercial mortgage-backed securities (CMBS). The loan applications totaled $668.94 million.
Office REIT Highwoods Properties Inc. (NYSE: HIW) has been named 2009 Developer of the Year by NAIOP, the Commercial Real Estate Development Association.
In the fall of 2008, RiskMetrics (RMG) updated its corporate governance guidelines for 2009. These guidelines are critical for public real estate companies to understand as they suggest best practices on a variety issues that companies should address going forward.
Appearing before the Congressional Joint Economic Committee (JEC) on July 9, Richard Parkus, head of commercial mortgage-backed securities and asset-backed securities for Deutsche Bank, said that despite the substantial losses investors have incurred in the CMBS market during the past two years as a result of the defaults of the loans underlying the securities, still more pain lies ahead.