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Topic: Dan Fasulo

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States turn to commercial properties for cash

Cash-strapped governments hawking commercial properties, courting investors Political cynics often joke about statehouses being for sale to the highest bidder.Among the 17 buildings California is selling are two in San Francisco that house the state supreme court and a federal appeals ...

AP News |

Big US towers going cheap in distressed market

Big US skyscrapers selling cheaply at auction in distressed commercial marketThe 40-story skyscraper sits on a prime corner in the country's wealthiest commercial market, steps from the Museum of Modern Art and a few blocks from Rockefeller Center and Central Park ...

AP News |

Embattled AIG puts headquarters on sales block

AIG puts downtown Manhattan headquarters and another office up for sale to boost operationsAIG said Wednesday it's putting its downtown Manhattan headquarters and a nearby office building on the sales block.Mark Herr, spokesman for American International Group Inc., said the ...

AP News |

Commercial real estate in for tough 2009

And the choke hold on credit could push many property owners that need to refinance into foreclosure.Nearly 40 percent of real estate investors need to refinance part of their portfolios this year, according to more than 1,100 investors surveyed in ...

AP News |

Invisible Hand Shakes City REITs

On Sept. 19, a full six months after Wall Street began its catastrophic decline with the demise of Bear Stearns, and just four days after Lehman Brothers, New York real estate financier extraordinaire, collapsed, two publicly traded real estate companies rode high ...

The New York Observer |

Commercial real estate market slows

Bustling Commercial Real Estate Market Slows, but Avoids Housing Market TumultThe excesses that led to a bust in the housing boom haven't spread to the commercial real estate market, where the outlook is cautious but decidedly upbeat.Led by strong growth ...

AP News |