Ice cracks in office market

Corfman, Thomas A.
September 2009
Crain's Chicago Business;9/14/2009, Vol. 32 Issue 33, p3
The article focuses on the recovery of the downtown office market in Chicago, Illinois after the credit crisis. The market will be seeing its first big building sale of 2009, with the fixing of a deal for the 26-story tower at 303 West Madison Street at a price of about $56 million. It informs that investors and brokers are watching the deal closely, as a benchmark for pricing of real estate.


Related Articles

  • CRASH CITY. Stensholt, John // BRW;5/13/2004, Vol. 26 Issue 18, p28 

    Reports on the drop in real property prices in Australia as of May 2004. Performance of auctions; Trend among buyers of filing lawsuits to get out of contracts; Confirmation from property developers that are expected to continue to drop and that investors are being scared away from the property...

  • Zombie nation. Harris, David // EG: Estates Gazette;10/22/2011, Issue 1142, p69 

    The article reports on why many offices in Great Britain are standing empty. It describes this empty property as zombie offices, in existence, but not alive with people. It highlights the prices of offices in Great Britain which according to the author have become cheap in historic terms. It...

  • NEWS: In Brief.  // EuroProperty;1/21/2013, p2 

    The article offers news briefs related to property management fund industry in Europe as of January 21, 2013. State of Oil Fund of Azerbaijan has agreed to buy a mixed-use trophy asset in central Paris, France from Axa Real Estate. PDI Property Development Investors GmbH has obtained a consent...

  • Irish auctions might be colourful, but their transparency is transforming the market. Hoban, Robert // EG: Estates Gazette;3/16/2013, Issue 1311, p45 

    The article contends that commercial and residential auctions in Ireland may be colorful, but their transparency is changing the market. Investors can reportedly access reliable public data from commercial and residential auction results and from the residential Property Price Register....

  • Income properties get outsiders' attention. Duffett, Claire // Business Journal (Central New York);2/11/2005, Vol. 19 Issue 6, p1 

    Reports that real-estate investors are looking to Syracuse for lucrative income properties and are finding bargains. Factors that get the investors attention to Syracuse; Decrease of the capitalization rate in the Syracuse area by about two points from 2000, as higher demand for real estate in...

  • IS THIS A GOOD TIME TO BUY? PERREAUX, GA√čLLE // France Today;Feb/Mar2014, Vol. 29 Issue 2, p98 

    The article discusses if the year 2014 is a good time for foreign buyers to acquire some French property. Topics include the continued decline in the number of property purchases by French nationals due to the recession, the stronger position of foreign investors to reach an advantageous deal...

  • REAL ESTATE: Space is the place in Singapore.  // Asian Investor;Jul2011, p62 

    The article explores the impact of the real-estate boom in Singapore on property investors. It mentions that the recovery of rents by the country's commercial real-estate sector stir the growth in prices achieved at government land tenders. It notes that having an exit market for investors in...

  • Auction News. Auterac, Richard // EG: Estates Gazette;5/2/2015, Issue 836, p05a 

    The article discusses developments in the real property auction market in Great Britain as of May 2015. Based on the Acuitus/IPD cPad report, the all-property sales rate in February/March 2015 stood at 86%, which is higher than the market boom rates in 2005-2007. Among the most in demand asset...

  • Buy or Wait? Gopalan, Krishna; Sachitanand, Rahul; Kumar Sharma, E.; Mukherjee, Ritwik; Srivastava, Pallavi // Business Today;7/15/2007, Vol. 16 Issue 14, p118 

    The article discusses the possible increase in the prices of real property in the city of Mumbai, India. Looking at the way prices has moved in about five years in large cities in India, one cannot be assured that the price rise will continually be postponed. Although, there have been price...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics