Provided by Commercial Real Estate Direct
The industrial property market was strong in Oklahoma City during the first half of 2008, according to data compiled by Price Edwards & Co. The company found that the city's overall bulk warehouse vacancy rate dropped to 11% during the first six months, and to 5% in the southwest sector of the city. Read Full Story
With sales activity throttled, property investors expect capitalization rates for the transactions that do close to significantly increase through early next year. All property types will experience cap-rate gains over the next six months, exceeding the gains of the past year, according to the investors who participated in the latest PricewaterhouseCoopers survey. Read Full Story
The credit crunch's stranglehold on office investment-sales activity in the San Francisco area is showing signs of loosening. The $3.23 billion worth of office transactions closed so far this year in metropolitan San Francisco compares to $15.86 billion worth that closed from January to August of last year. Read Full Story
The Federal Housing Finance Agency earlier this week said that Fannie Mae and Freddie Mac, which are now under its control, will continue to operate its multifamily business "as usual." Read Full Story
Hotel occupancy rates in Fort Worth, TX dropped 11% in August, to 63%, according to the Fort Worth Convention & Visitors Bureau. A renovated Sheraton hotel in Fort Worth, which added some 400 rooms to the city's inventory, is being cited as one factor in the declining occupancy rate in the city's downtown. Read Full Story
|
