Operators are betting that limited new supply, combined with an improving economy, will lead to ideal market conditions nationwide starting in 2011 or 2012.
Operators are betting that limited new supply, combined with an improving economy, will lead to ideal market conditions nationwide starting in 2011 or 2012.
Despite the increase in commercial-property transactions this quarter, they remain well below the peak hit in 2007 as concerns persist about the economy.
Spending on new construction was running at a seasonally adjusted annual rate of $884.1 billion in January, down 9.3% from the same month a year earlier.
The former hotel near Times Square has become the latest Dubai World investment to go belly up, and investors are looking to pick up the property at a discount.
The former hotel near Times Square has become the latest Dubai World investment to go belly up, and investors are looking to pick up the property at a discount.
