Here are the news stories you may have missed this week: The New York Times: Landlords double as energy brokers Data centers in northern New Jersey are starting to commandeer leasing rates four times those of Manhattan office properties, up to $600 per square foot. As these data center companies grow, they are increasingly evolving into makeshift power utilities and some of the larger ones are even looking to become REITs. Read more about these …

Tags: Bloomberg, Data Centers, Empire State Building, Housing market, In case you missed it, IPO, McCormick Place, National Real Estate Investor, Navy Pier, New York Times, REITs, Reuters

In April, Integra Realty Resources lent its expertise to the media on topics including oil and gas properties, regional commercial real estate snapshots, and retail construction bursts. Here are the highlights: 1. Real Estate Bisnow: In an interview with Real Estate Bisnow’s national edition, I revealed the results of our Q1 2013 Viewpoint report and broke down regional office trends. While the commercial real estate market is performing as expected and slowly improving, I’ll be …

Tags: 2013 Viewpoint, Christiana Mall, David Dominy, Delaware market, Douglas Nickel, Eileen Smith Dallabrida, Matthew Krauser, Mid-Atlantic Real Estate Journal, Office market, Oil & Gas Monitor, Oil and gas, Ray Cirz, Real Estate Bisnow, Retail market, WDDE 91.1 Delaware's NPR

Here are the news stories you may have missed last week: Bloomberg: Canadian Tire to spin off stores in $3.5 billion REIT Canada’s largest sporting goods retailer, Canadian Tire Corp., is jumping on the REIT bandwagon and creating a $3.5 billion REIT IPO this year. The company expects to retain about 80% of the 18 million square feet of retail space the firm owns. Get the full story at Bloomberg. GlobeSt.com: Property values surpass ’07 …

Tags: Bloomberg, Canadian Tire Corp., Chain Store Age, Commercial real estate, GlobeSt.com, In case you missed it, Pension Funds, Property Values, Ray Cirz, Retail market, The Wall Street Journal

Here are the stories you may have missed this week: NJ.com: Commercial real estate is a barometer of New Jersey’s economic recovery Tom De Poto at The Star-Ledger advises economists to watch the behavior patterns of the state’s commercial real estate market to see how the local economy is faring. When unemployment is high, there are larger vacancy rates in office and industrial buildings. The job market won’t really return until the bulk of office …

Tags: CMBS, Commercial real estate, Construction, Economy, Lehigh Valley Business, New Jersey real estate, New York Times, NORC, Retirement community, Reuters, The Star-Ledger

Major markets across the country and abroad continued to see progress in commercial real estate’s recovery, according to our recently released Q1 2013 Viewpoint. In the same vein as our yearly Viewpoint forecast, our quarterly report has 26 pages of data from our offices in the U.S., Mexico, and the Caribbean and includes statistics on commercial real estate vacancy rates, average asking rents, going-in cap rates, Integra Realty Resources’ discount rates, reversion rates, market rent …

Tags: Apartment market, Apartments, Appraisals, Average Asking Rents, Cap rates, Caribbean, Commercial real estate, Discount rates, Expense growth rate, Foreign investment, Industrial market, IRR offices, Market diversity, Market Studies, Multifamily market, Office market, Q1 2013, Retail market, Reversion Rates, Vacancy Rates, Valuation, Viewpoint

Over the last couple years, the development market has returned to fundamentals. The wounds of the downturn are still fresh, and investors, developers, and banks are more cautious, putting their money behind only what looks like a sure thing. As a result, we’re seeing more tenant-driven development and less speculative development.  For example, in the Boise area, we have seen two significant projects break ground in the last year: Eighth and Main (a high-rise office …

Tags: Commercial real estate, commercial real estate development, Construction, Development, Economy, Eighth and Main, entitlements, speculative development, tenant-driven development, Village at Meridian, zoning

Here’s what you may have missed this week: National Real Estate Investor: Distressed debt buyers eye European market Investors chasing yields are turning their sights to the European market, where a large quantity of distressed commercial real estate debt is coming to the market. Experts state that on the whole, the European debt market is in the same stage as the U.S. market was in 2009, and Europe is just starting to resolve its loans. …

Tags: Call Centers, Dallas Business Journal, Distressed Debt, ICYMI, In case you missed it, Miami Herald, National Real Estate Investor, Office market, Panama Canal, Ports, REITs, Tax Exemption, Wall Street Journal