Commercial Real Estate Professional Investors Group

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Commercial Real Estate News

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Florida Realtors Pleased with Extension of Homebuyer Federal Tax Credit

(ORLANDO, FL) -- According to Florida Realtors, Potential homebuyers have even more incentive to purchase a Florida home thanks to the extension and expansion of the federal $8,000 first-time homebuyer tax credit.President Barack ObamaEarlier today, President Barack Obama signed...

STR Reports U.S. Hotel Performance for October

(HENDERSONVILLE, TN) -- According to Smith Travel Research, the U.S. hotel industry posted declines in all three key performance measurements during the week of 25-31 October 2009.In year-over-year measurements, the industry's occupancy fell 7.2 percent to end the week at...

Failing Fannie Mae's New Deed-for-Lease Plan Could Make it Nation's Largest Residential Landlord

(WASHINGTON, D.C.) -- After posting an $18.9 billion loss in the third quarter, Fannie Mae has come up with an unprecedented  program to save foreclosure-facing homeowners from losing their shelter and at the same time generate a more positive perception...

California Home Buyers Win Big with Home Buyer Tax Credit Extension, Says C.A.R.

(LOS ANGELES, CA) -- In a prepared release today the California Association of Realtors (C.A.R.) stated they commended Congress and the Senate for its swift actions in extending and expanding the provisions of the Federal Tax Credit for First-time...

Chinese Government Green-Lights New Walt Disney Theme Park in Pudong

(BURBANK, CA) -- In a prepared released this past week, The Walt Disney Company (NYSE:DIS) announced that they just received approval from the relevant authorities of the central government of China for a Disney theme park in the Pudong district...

► Commercial News - CoStar

$175M Fetches Kimco Full Ownership in 21 Shopping Centers

Shopping center REIT, Kimco Realty Corporation (NYSE:KIM), has acquired an 85% interest in the 21 retail properties held under PL Retail Portfolio, its joint venture fund with DRA Advisors. The$175 million acquisition brings Kimco's ownership in the...

Borders Closing 200 Waldenbooks Stores in January

The country's second-largest brick and mortar book retailer, Borders Group, is closing 200 of its mall-based Waldenbooks stores in January. As a result, approximately 1,500 positions--the majority of which are part-time jobs--will be eliminated. Borders...

Equity One Acquires Westbury Plaza for $103.7M from Kimco/DRA

On Oct. 29, Equity One acquired Westbury Plaza for $103.7 million from joint owners, Kimco Realty Corporation and DRA Advisors. Westbury Plaza is a 400,000-square-foot shopping center situated at 1220-1250 Old Country Road in the center of Nassau...

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