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Archive for October, 2006

Office Space Supply Outpacing Demand

Tuesday, October 24th, 2006

Applied Analysis is reporting that office vacancy rates have risen to 9.9% during the third quarter of 2006. In the coming year, they are predicting that it is also likely that those rates will surpass 12% as more offices construction projects complete.
Supply is beginning to outpace demand. Ofice inventory […]

Rents on the Rise

Friday, October 20th, 2006

As home sales slow across the country, a rise in rent prices have been noted. With more people choosing to stay put in their apartments, occupancy rates have remained high. That high occupancy rate is now allowing landlords to push the rents up a little higher.
According to RealFacts, Southern California […]

Reached Its Peak

Friday, October 20th, 2006

A survey of industry executives by the Wall Street Journal found that many believe the commercial real-estate cycle has reached its peak and will begin pulling back in 2007. The survey points out that commercial real estate is beginning a return to its norm as an income-producing investment rather than the wildly appreciating asset […]

Marnell Buys MGM’s Laughlin Properties

Thursday, October 19th, 2006

MGM has sold its Colorado Belle and Edgewater hotel-casinos in Laughlin to a group led by Anthony Marnell III for $200 million. The combined properties sit on 57 acres and hold 2,535 guest rooms and 138,000 sf of casino space.
Marnell is founder of the software company, Tririga, and chairman and CEO […]

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Thursday, October 19th, 2006

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