Subject: REITS -general (REITS)

Commercial Real Estate Direct Staff Report Vornado Realty Trust is ready to build an office property at 401 Seventh Ave. in Manhattan, a site that previously had housed the 1,700-room Hotel Pennsylvania. The hotel, which the New York company had ...

Commercial Real Estate Direct Staff Report Cousins Properties Inc. recorded 157 office leases for 2.02 million square feet last year, up 19% from the 1.69 million sf of deals the Atlanta REIT completed in the previous year. During the fourth ...

Commercial Real Estate Direct Staff Report BXP Inc. signed 291 office leases totaling 5.6 million square feet last year, a 35% increase from the 4.2 million sf of leases the REIT inked in 2023. During the latest quarter, BXP leased ...

Commercial Real Estate Direct Staff Report SL Green Realty Corp. has closed on its $130 million, or $650/sf, purchase of the 200,000-square-foot office property at 500 Park Ave. in midtown Manhattan. The New York REIT acquired the property from Morgan Stanley. ...

Essex Property Trust is seeing strong demand for apartment properties it owns in Seattle as companies require more employees to return to their offices. Occupancies at its area properties have increased to 96.6 percent from a trough of 95.4 percent ...

Major hotel-owning REITs - eight companies with 158,098 rooms - reported declines in occupancy and revenue per available room in the third quarter. That was driven in part by inflation, which resulted in a pullback among travelers.

Rents at the major apartment-owning REITs increased in the third quarter by an average of 1.67 percent when compared to a year ago. In contrast, the national apartment sector saw rents increase by only 0.9 percent.

Commercial Real Estate Direct Staff Report Douglas Emmett Inc. signed 236 leases for 1 million square feet of office space during the third quarter. That compares with the 225 deals for 934,000 sf it had signed a year ago. The ...

Commercial Real Estate Direct Staff Report Hudson Pacific Properties could sell between $200 million and $225 million of its properties in the coming months. The Los Angeles REIT has three properties under sales contracts and is in talks with prospective ...

Macerich Co. has struck a deal to sell the Oaks Mall in Thousand Oaks, Calif., for $157 million, which results in a capitalization rate that the company said was about 13 percent. But the company's not done rejiggering its portfolio. ...