R. Tom Smith

Real Estate News

• Cambodia's Developers Aim at Stars
  A high-rise building boom in Cambodia's capital city, Phnom Penh, derailed by the 2008-2009 financial crisis, is starting up again. […]
• It's Hardly a Ball for 11 Times Square
  The risks of speculative office building are obvious at the 11 Times Square skyscraper. More than a year after it opened, the 1.1 million square-foot building is about 60% empty and unleased. […]
• GSA Picks Trump Plan for Project
  A proposal from Trump Hotel Collection and private-equity investor Colony Capital was selected by the General Services Administration to redevelop Washington's Old Post Office Building into a luxury hotel. […]
• Price-Rise Plateau
  The Green Street Advisors Commercial Property Price Index remained unchanged in January as investors stayed cautious about the direction of the U.S. economy. […]
• Pyramid Cos.' Carousel Plan Rides Again
  Developer Robert Congel's drive to create one of the largest malls in the country, in Syracuse, N.Y., is back in gear after almost being upended by the economic downturn and a nasty court battle with Citigroup. […]
• Atlanta Tower Proves too Tall an Order
  The tallest building in Atlanta is now in the hands of a group of bond investors that foreclosed on its first mortgage. […]
• U.A.E. Banks Dip Back Into Real Estate
  Banks in the United Arab Emirates are tiptoeing back into real-estate lending. […]
• Less Building Now, Higher Office Rents Later
  Office-building construction is in the midst of a severe drought. This means higher rents may be on the horizon in some cities, if history is any guide. […]