NEW YORK CITY-Océ USA Holdings, Inc., provider of digital document management technology and services, has leased a full floor of 29,566 square feet at 1333 Broadway. A spokeswoman for the property’s owner, 1333 Broadway Associates LLC, says the lease is for 15 years.

01/06/2009

Q&A with David Penick: We Build Green Because It's a Fundamental Issue of Quality and What Is Better (Multi-Housing News)

The CEO of real estate developer Hines Interests, Jeffrey Hines, was recently awarded the Green Building Design Award from Global Green USA at their 9th Annual New York Awards Ceremony.

01/06/2009

People on the move (South Sound Business Examiner)

Colliers International has added Matt Motewelli to its Tacoma office team of sales agents. He has been a real estate agent for Real Estate USA in University Place. At Colliers, Motewelli is specializing in retail and investment properties in Pierce County. ...

01/06/2009

Innkeepers USA Trust Suspends Fourth Quarter 2008 Dividend on 8% Series C Cumulative Redeemable Preferred Shares (PR Newswire via Yahoo! Finance)

Innkeepers USA Trust today announced that it will not declare a 2008 fourth quarter dividend on its 8% Series C Cumulative Redeemable Preferred Shares.

01/07/2009

(AFX UK Focus) 2009-01-07 11:48 RPT-Vacancies at U.S. regional malls rise as economy reels (Interactive Investor)

NEW YORK, Jan 7 (Reuters) - Vacancies at regional malls in the United States rose in the fourth quarter to their highest levels of the decade, according to data released on Wednesday by real estate research firm Reis Inc. Vacancies at those malls rose to 7.1 percent from 6.6 percent in the fourth quarter, the highest level since Reis began tracking regional malls in 2000. That rise in vacancies ...

01/07/2009

Royal LePage predicts 3% drop in '09 housing prices (CTV Winnipeg)

The average price of a house in Canada is likely to decline by three per cent this year as sales activity continues to cool, according to Royal LePage Real Estate Services.

01/06/2009

Prime Group Realty Trust Declares Series B Preferred Dividend, Modifies Citicorp USA, Inc. Loan and Other Agreements (Business Wire via Yahoo! Finance)

CHICAGO----Prime Group Realty Trust announced today that the Company’s Board of Trustees declared a quarterly dividend on its Series "B" Preferred Shares of $0.5625 per share for the fourth quarter of 2008 dividend period.

01/07/2009

(AFX UK Focus) 2009-01-06 14:54 U.S. office vacancies rise as recession bites (Interactive Investor)

BOSTON, Jan 6 (Reuters) - U.S. office vacancies spiked higher in the fourth quarter and rents fell as the recession took a heavy toll on the commercial property market, according to data released on Tuesday. Real estate research firm Reis Inc said there is no end in sight to the property downturn and forecast rising vacancy rates into 2010. Rents fell 1.2 percent in the quarter, the sharpest ...

01/06/2009

Davidson Hotel Company Signs Management Contract for The Wynfrey Hotel in Birmingham, Ala (Hospitality Net)

Davidson Hotel Company, one of the nation's largest independent hotel management companies, today announced that it has signed an agreement to operate the 329-room Wynfrey Hotel in Birmingham, Ala. The hotel is owned by Jim Wilson & Associates, a Montgomery-based real estate ownership group.

01/06/2009

Charter schools help jail inmates graduate (Great News Network)

Albuquerque, New Mexico, USA - Albert Aragon dreams of working in real estate one day, but the 29-year-old jail inmate is a high school dropout who believes employers don't hire people with general equivalency diplomas.

01/04/2009

YPN!

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