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Commercial real estate perks up
Vacancy rates have declined for most types of commercial properties in the metropolitan area.
First Drips Of Liquidity Felt In Non-Traded REITs
So-called non-traded REITs (NTRs) represent a rapidly growing income producing niche among “alternative” investments. In its nascent history, the NTR industry has raised some $80 billion, largely from individual investors. This compares with $430 billion for the entire REIT industry, traded and non-traded.
Eco-industrial park developer near Mount Holly refining its plan
A vision for redeveloping a contaminated industrial site near Mount Holly has become a little more hazy.Gaston County leaders have looked forward to the economic windfalls they might see from the conversion of a former chemical manufacturing site on the Catawba River. The ReVenture Park project...
Developer gobbles up properties
WINDSOR, Ont. -- London-based developer Shmuel Farhi has gobbled up another pair of prime commercial properties in Windsor’s downtown.
Deadlines loom for sprinkler inspections at Cornwall Industrial Park
CORNWALL — Management at the Cornwall Industrial Park faces two deadlines for demonstrating that the sprinkler systems in what remains of the complex meet state inspection requirements.
UK Commercial Property Trust unveils big plans for Shrewsbury
UK Commercial Property Trust (UKCPT) has unveiled plans for a £150m redevelopment of Shrewsbury town centre, Shropshire, combining its three shopping centres into a single, combined centre called New Riverside....
Bank of America to sell some office space
The bank has so far identified three office buildings it will sell, in N.Y. and N.C. It also has substantial real estate holdings in Southern California. In a move to shed nonessential assets, Bank of America will sell and lease back some of its administrative office space.
ARMOUR Residential REIT, Inc. Announces Public Offering of 22,000,000 Shares of Common Stock
VERO BEACH, Fla. -- ARMOUR Residential REIT, Inc. (NYSE Amex:ARR.WS) ("ARMOUR" or the "Company") announced today that it is commencing an underwritten public offering of 22,000,000 ...
Carroll County aims to use land for industrial park
Carroll County transfers land to its development group for anticipated industrial and commercial use.