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Posts Tagged "commercial-real"

Are Asian Investors About to Storm Manhattan Real Estate? AIG Deal Suggests Yes! (The New York Observer)

Tuesday’s blockbuster news that a Korean investment bank and local developer Young Woo are in contract to buy AIG’s two skyscrapers downtown begs the question: Is Asian money the next wave to hit New York commercial real estate? “It is definitely a trend,” said Yoron Cohen , executive vice president of Cushman & Wakefield’s New York capital markets group. “We have quite a few Asian groups …

China's real estate index up in May (People's Daily)

China’s national real estate climate index was 95.94 in May or 1.18 points up from April, the National Bureau of Statistics (NBS) said Wednesday. Prices of new and existing homes in 70 large and mid-sized Chinese cities fell 0.6 percent year on year in May, but prices rose 0.6 percent month on month, said the NBS. The real estate climate index has six sub-indices, including property development, …

Real estate market not sick but not well, either (Richmond Times-Dispatch)

The commercial real estate market has been labeled by many bond traders and portfolio investors as the next shoe to drop. But there are signs that perhaps news of commercial real estate’s demise are somewhat exaggerated. To borrow a line from a song by indie rock band Harvey Danger, “I’m not sick, but I’m not well.“ This aptly describes the state of today’s commercial real estate market.