Sun Hung Kai Properties, Hong Kong’s largest real estate developer by volume holds a series of for-lease apartment units in its portfolio through its Signature Homes brand name. The following are some of its properties (according to the SHK website) in the Mid-Levels. If SHK Properties hesitates to sell these properties and chooses [...]
The red stick. Baton Rouge, hard hit in 2005 by Hurricanes Katrina and Rita, more than 30,000 residents have moved there to take advantage of the Gulf Opportunity Zone. With the rapid population growth, there is a number of projects going on in the city. With the support of the Downtown Development District, there are [...]
Next to the Cinerama Theatre on Fourth Avenue, between Lenora and Blanchard streets, Seattle-based HAL Real Estate is building a new 40-story condominium building. HAL purchased the one-third acre site in May for $5,000,000. Currently, the building is a one story transmission shop. I was reading the Seattle Times today and it stated there will [...]
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Retail spaces in established Central Business Districts are usually wonderful investments. Think about it this way… Street frontage is typically limited if not scarce. Thus, if the retail climate in your region is good, prime retail spaces will appreciate quickest in terms of rent, thus making them decent investments.
Nevertheless, this does not make them perfect. [...]
With a pricetag of $360 million, International Business Machines (IBM) is building its ninth environmentally friendly cloud computing center in Research Triangle Park, North Carolina. According to Bob Greenberg, general manager of IT optimization:
This new data center is part of IBM’s commitment to construct the world’s most advanced data centers. When we open for business [...]
This morning, I was reading Commercial Property News… The flood of vacant office space and slowing economy in Miami, Florida are starting to drive down office rents in South Florida, particularly in the CBD areas. Not just Miami, but West Palm Beach and Fort Lauderdale are also feeling the pinch of the credit crisis. Florida, being [...]