After a tough year in 2010, a private commercial real estate firm in New York reported today that office rents in Manhattan are on the rise for the first time since the commercial decline began[1]. While New York real estate has been typically resilient – particularly in the rental sector – when it has come to regaining value and encouraging new development, retail and office spaces have continued to suffer in the city. Now, however, it looks like that trend could be reversing before many experts expected it to do …

Perhaps with all the mess the housing industry is experiencing, the commercial real estate is benefiting. The commercial real estate sectors, though, has not yet fully recovered from the recession no thanks to the weak job growth but it is definitely on its way with sectors offering incentives that make the market ripe for expansion. This is according to the country’s largest trade association.
The National Association of Realtors admits that the commercial real estate is still suffering from the effects of the current economic recession. However, with the housing market …

Statistics are supposedly black and white, but not when it comes to the real estate market. It has always been hard determining the turning points in the real estate market. Now, it has become especially hard since two influential research firms are presenting very different views of the real estate market.
Newport Beach, California firm Green Street Advisors, which closely tracks investment trusts in the real estate, advices that commercial real estate prices have already hit bottom mid of last year and that prices have slowly risen ever since. Moody’s Investors …

America’s latest economic data is not helping the already tottering property industry and with the high unemployment rate again turning away prospective buyers from the market, realty firms would have to go the extra mile in order to promote growth in an industry already plagued by numerous woes.
Property marketing experts are in consensus that amidst the difficulties, aggressive marketing and effective networking would mostly keep many realty firms from faltering, which incidentally is the core strength of CPR Commercial LLC.
Based in Austin, Texas, the commercial realty investment firm is actively …

Following strings of advancements from the previous months, property prices in the commercial sector suffered a steep decline in June as analysts observed that investments allocated for real estate primary markets have either started whittling down or eventually drying up.
Industry experts said that the commercial real estate industry has been long dependent on institutional capitals, which poured substantial amount of investments on vast metro market segments, fueling price increases in the sector for the first half of 2010.
On the other hand, the property sector’s broader commercial markets were largely overlooked …

The Atlantic City Hilton Casino Resort has not been able to weather the economic downfall and has failed to make necessary payments. Thus, it might be forced into receivership and sold by the trustee of its mortgage holder. This is according to papers filed in the U.S. District at Camden, New Jersey on Wednesday.
The casino hotel has not made payments on its mortgage for more than a year now. This is why the U.S. Bank, trustee of J.P. Morgan Chase Commercial Mortgage Securities Corporation (Hilton’s mortgage holder), is seeking to …

NEW YORK, June 16 — Ernst & Young LLP is pleased to announce the winners of the Ernst & Young Entrepreneur Of The Year® award in Metro New York. This group of leading entrepreneurs was selected by an independent judging panel made up of regional business, academic and community leaders. The winners were revealed at a gala event on Tuesday, June 15 at The Marriott Marquis, Times Square, New York.
“Ernst & Young believes in the power of entrepreneurship,” said Jodi Burns, Ernst & Young LLP Entrepreneur Of The Year Program …

CHICAGO, Family offices, real estate funds, and private investment partnerships are the likely buyers of distressed real estate assets. Institutional money will be slower to get back into the market and will stay focused on existing performing loan opportunities. Money for new construction, vacant land, and other more speculative real estate opportunities will also have to come from private funding sources, such as private investors and family offices. Access to the capital markets will depend upon whether or not Wall Street can restore investor confidence in the market for …