Monthly Archives: March 2013

West Ham Get Olympic Stadium

Posted on 31 March, 2013 by MOVEHUT under Top Properties

It has been announced that West Ham will be anchor tenants for the Olympic Stadium after the government agreed to put in an additional £25m towards the costs of transforming the venue. The extra money takes the Treasury's contribution to around £60m,... Read More

Alliance Buys Chicago Burnham Center

Posted on by Jodee Redmond under Worldwide Property News

Alliance Partners has bought Burnham Center in downtown Chicago for $94.6 million. The company, which is the east coast branch the real estate firm The Schidler Group, signed the deal for the 580,000 sq ft property only five months after the historic building... Read More

B&Q Sales Hit by Poor Weather

Posted on by Kirsten Kennedy under Business News

The recent unpredictable weather has created havoc in many areas of the UK, with widespread flooding in the south and blizzards in the north making the daily commute exceptionally difficult for many workers. However, it has also taken a toll on the retail... Read More

Boom Era US Commercial Mortgage Holders Missing Out on Recovery

Posted on 30 March, 2013 by Jodee Redmond under Worldwide Property News

With a delinquency rate of 14.6 per cent, boom-era commercial mortgage holders are missing out on the U.S. real estate recovery, according to Trepp LLC. The data provider has released a report showing that the average delinquency rate for the overall... Read More

Maguire Recapitalises LA Creative Office Campus

Posted on by Jodee Redmond under Worldwide Property News

Maguire Investments has announced that it has recapitalised Water's Edge, its 6.5 acre, two-building "creative office campus" in Los Angeles with a $105 million loan. Water's Edge is located close to Ballona Preserve The funds are earmarked for tenant... Read More

Accor Ventures into UK Hotel Industry with First Adagio Property

Posted on by Kirsten Kennedy under Top Properties

The UK hotel industry experienced a boom last summer with the Queen’s Diamond Jubilee celebrations and the Olympic Games drawing visitors from around the world to experience the country’s culture. And while the Summer of Sport may be over, the hotel... Read More

Scottish Firm Fined for Cold Calling

Posted on 29 March, 2013 by MOVEHUT under Business News

A Glasgow-based company has been fined £90,000 for making thousands of unwanted marketing calls, becoming the first company to be punished for a breach of privacy and communications procedures. Nearly 2,000 people complained to the Information... Read More

Commercial Foreclosures in Multimillions in Some Florida Counties

Posted on by Jodee Redmond under Worldwide Property News

The commercial property market has not been immune to the effects of the foreclosure crisis. Years after the real estate boom went bust, Southwest Florida has seen some multimillion dollar commercial foreclosures in Lee and Collier counties. While there... Read More

Small Firms Still Subject to Olympics Gagging Orders

Posted on by Kirsten Kennedy under Business News

When London won the Olympic Games, promoters including London Olympic chief executive Lord Coe promised that the legacy would do wonders for UK businesses. Many believed that the Games would usher in a new era of prosperity for their companies, with their... Read More

Property Developer Pledges to Replace Section of Berlin Wall

Posted on 28 March, 2013 by Neil Bird under Worldwide Property News

Recently we reported that plans to remove an historic section of the Berlin Wall to allow a property development to go ahead had led to protests in the German capital. The section in question is part of the East Side Gallery stretch of the wall which has been... Read More