Latest EDGE News

Wall Street dips, but winners gain as quarter’s end near

March 28, 2012

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NEW YORK (Reuters) – Stocks retreated from near four-year peaks on Tuesday, while a batch of large-cap shares hit new highs, with the help of portfolio managers snapping up top performers near the end of the quarter. With the first quarter ending on Friday, portfolio managers ad

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Conroy Simberg Inks 42,000-SF Renewal

March 28, 2012

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Conroy, Simberg, Ganon, Krevans, Abel, Lurvey, Morrow & Schefer, PA., a Florida-based liability law firm, signed a renewal lease for 41,752 square feet at 3440 Hollywood Blvd. in Hollywood, Florida. Venture Corporate Center I is a four-story, 83,548-square-foot office building on

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Holliday, Fenoglio Lead Veteran Team to CBRE

March 27, 2012

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CBRE recruited Harold E. (Hal) Holliday, John T. Fenoglio, David M. Aaronson and James M. Richards Jr. as executive vice presidents. The brokers will serve in the mortgage brokerage’s debt and equity finance group in Houston. The team previously worked at Grandbridge Real Estate Capit

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In The Pipeline: CoStar Development & Construction News for March 25 – 31

March 27, 2012

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In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project —

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CapLease Receives 1M-SF Nestlé Renewal

March 27, 2012

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CapLease, Inc. (NYSE: LSE) executed a lease renewal with Nestlé Holdings, Inc. for its 1,045,153-square-foot industrial property at 555 Nestle Way in Macungie, PA. The lease will commence on January 1, 2013 for a term of five years. Contract rent is $ 4.40 per square foot, incr

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Lodging Sales Surge As ‘Unprecedented’ Hotel Market Run Unfolds

March 26, 2012

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The U.S. lodging industry, benefitting from two years of sporadic recovery, should continue to enjoy gains in occupancy and pricing power through 2014, with rising profits luring greater levels of investment, according to a series of hospitality reports and outlooks released over the

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Wall Street extends gains; major indexes up 1 pct

March 26, 2012

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NEW YORK (Reuters) – Stocks extended gains on Monday, with each of the major indexes up at least 1 percent, as comments from Federal Reserve Chairman Ben Bernanke suggested the central bank would continue supportive monetary policies even as the unemployment rate improves. The D

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New York City’s Relentless Reassessments Raise Revenue—and Eyebrows

March 25, 2012

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In its 2012-2013 tax roll assessment, New York City has once again reported major increases in property values. Bucking the national trend toward flat or downward value changes, the city in January found that overall market value had grown to more than $ 876 billion, up by more than $

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New Home Sales in U.S. Slightly Dip in February, Yet Up 11% Over Last Year

March 25, 2012

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David Crowe According to new data released today by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), sales of new single-family houses in February 2012 were at a seasonally adjusted annual rate of 313,000. This is 1.6 percent (±23.9%) below the revised

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