London Tops Office-Rental Rates
London's West End can once again lay claim to the dubious distinction of being the world's most expensive office market after its rental prices surged past those in the inner central district in Tokyo. online.wsj.com |
Hampton Oaks picks up Transwestern as new manager
RREEF Real Estate is getting out of the third-party management business and has named Transwestern as the new manager of nearly 3.4 million square feet of commercial real estate in Florida, including Hampton Oaks in Tampa. bizjournals.com |
Commercial Prices Now 43.7% Off Peak
The Moody's/REAL Commercial Property Price Index declined 1.5% in October from September. Based on the index, prices for commercial real estate were 36.4% lower than in October 2008 and 43.7% below the peak measured in October 2007 online.wsj.com |
Phoenix streamlines development process
The Phoenix City Council recently approved several programs aimed at streamlining the development process. The approvals include expansion of the Adaptive Reuse Program, a self-certification program for building plan review, code changes to make it easier to jump start stalled projects, and an action plan to enhance the consistency among city inspectors. bizjournals.com |
Projects backed with stimulus bonds slow to break ground
With plans to add 200 new positions over the next two years, medical device maker Dynasplint Systems Inc. has begun to feel growing pains at its current Severna Park location. bizjournals.com |