NEW YORK Commercial real estate markets in many parts of the world are falling and in the United States, the largest market, things are poised for a deep, lingering dive, experts said.
NEW YORK When the going gets tough, the tough, battered and frustrated in U.S. real estate should go shopping for a vacation home -- but not as an investment, industry experts said.
LONDON Real estate industry experts are at loggerheads on which commercial property market they expect to bounce back first from the downturn first, after the global financial crisis shredded property values in most countries.
NEW YORK Downtown Manhattan is poised for a powerful rebound in coming years despite Wall Street's downsizing and millions of square feet of new commercial real estate expected to come to market, a top Manhattan commercial real estate broker said on Monday.
NEW YORK Not only is the brutal recession driving more Americans into McDonald's for a cheap meal, but it has also dulled their appetite for McMansions.
LONDON The days of easy borrowing and cheap real estate debt are gone for good, some of the world's top commercial property executives conceded this week.
NEW YORK The end of the decline in real estate is nowhere near, and yet U.S. banks may feel it shrewd to hold onto troubled loans in the sector rather than sell them or take losses.
NEW YORK The gap between U.S. commercial property buyers and sellers is narrowing, indicating the shattered market is closer to beginning the painful path to recovery, the head of Prudential Real Estate Investors said on Wednesday.
LONDON Global real estate markets may be in the worst shape seen for generations, but the dream of owning a second home lives on.
NEW YORK U.S. real estate executives, at the epicenter of the global financial crisis, give passing marks to President Barack Obama's administration for its handling of the crisis so far.
LONDON It will not be financially viable to reopen mothballed commercial construction sites for UK real estate developments until early 2011, Henderson Global Investors' head of property investments said on Wednesday.
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