CoStar's Deals of Note for Tuesday
CHICAGO
UBS Renews, Consolidates in Chicago
By Andrew Deichler
UBS is extending its stay at One North Wacker Drive in Chicago, also known as the UBS Tower. The Swiss financial services firm has renewed for 400,000 square feet in the office tower...
Categories: Market News
In The Pipeline: CoStar Development and Construction News for March 7-13
In this week's edition of In The Pipeline, Forest City's Atlantic Yards mixed-use project is scheduled to finally break ground this week. Meanwhile, another long delayed development project, the Guasti Historic District in Ontario, CA,has begun with...
Categories: Market News
CoStar's Retail News Roundup: Mar. 7 - 13, 2010
This week in the Retail Roundup, CoStar reports on expansions or new concepts at TJX Companies and Kohl's; closings, cutbacks, bankruptcy, default, receivership or foreclosure news at Swoozie's and the Northgate Mall; acquisition, merger, loan, sale...
Categories: Market News
CBRE Names CFO; Turns Over Reins of Private Client Group
Gil Borok was promoted to chief financial officer of CB Richard Ellis Group Inc. He takes over from Bob Sulentic who will continue as CBRE’s president running day-to-day operations and principal business activities worldwide. Both will report to CEO Brett...
Categories: Market News
CoStar's People of Note (Feb. 28-March 6)
This week's People of Note includes the following markets: Atlanta, Boston, Chicago, Dallas/Fort Worth, Houston, Los Angeles, National, Northern New Jersey, Phoenix, St. Louis and Tampa/St. Petersburg.
NATIONAL
CBRE Names CFO; Turns Over Reins of...
Categories: Market News
Lease Up/Lease Down (Feb. 28 - Mar. 6): Hummer: Stalling Out for Good?
CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial...
Categories: Market News
Updated: Sears & Kmart Closing 21 Stores; Creating Nearly 2M SF of Vacancy
Sears Holdings Corp. said Monday that it intends to close a total of 21 underperforming stores nationwide. The shutdowns equate to approximately 1,000 job cuts.
The department store owner is closing 13 Kmart stores and eight Sears locations, on or...
Categories: Market News
CIGNA to Stay at Metro Exchange
CIGNA Government Services signed a two-year renewal for the entire office building at 2 Vantage Way in Nashville.
Known as Metro Exchange, the five-story, 94,822-square-foot building was built in 1986 in the MetroCenter submarket.
Harrison Johnson...
Categories: Market News
CoStar's People of Note (Feb. 21-27)
This week's People of Note includes the following markets: Chicago, Atlanta, Chicago, Orange County and Washington, DC.
ATLANTA
Lane Co. Names New President
Atlanta-based Lane Co. tapped Cindy Pfeifer as president. George Lane, founder of the...
Categories: Market News
Lease Up/Lease Down (Feb. 21-27): Largest U.S. Office Lease in Two Years
CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial...
Categories: Market News
In The Pipeline: CoStar Development and Construction News for Feb. 21-27
In this week's edition of In The Pipeline, the development arm of Opus Corp. is exploring all options -- including its possible sale -- as Opus continues to struggle in the bruising CRE market; billion investor Carl Icahn has acquired the unfinished...
Categories: Market News
CoStar's People of Note (Feb. 14-20)
This week's People of Note includes the following markets: Chicago, Denver, Los Angeles, National, New York City, Southwest and Washington, DC
CHICAGO, NATIONAL
Opus North Names Shaver as CEO
Tom Shaver joined Opus North Corp., a Chicago-based...
Categories: Market News
Grooms Engines Inks 110,000-SF Lease
Grooms Engines, a remanufacturer of engines, leased the entire facility at 1414 Fourth Ave. S. in Nashville.
The 109,515-square-foot distribution building was built in 1950 in the IBD Industrial submarket.
Mike Russell and Ben McKnight of Horrell...
Categories: Market News
In The Pipeline: CoStar Development and Construction News for Feb. 14-20
In this week's Pipeline, the owner of the Century Plaza Hotel strikes a deal with preservationists to revise its development plan to avoid demolishing the L.A. landmark. Over the mountains in Hollywood, meanwhile, W Hotels unveils its $350 million hotel...
Categories: Market News
MARKET TREND: Nashville Office Deliveries Plunge in 2009
Continuing a trend nationwide, the smallest amount of new office space in four years was completed last year in Nashville, with little new office space currently under construction.
According to CoStar Group's Year-End 2009 Office Report, approximately...
Categories: Market News
Former Opus North CEO Joins Trammell Crow
Daniel Queenan, the former president and CEO of Opus North Corp., joined Trammell Crow Co. in Chicago as president of central operations. He will head the firm’s Austin, Chicago, Dallas and Houston branches and TCC’s Healthcare Initiative.
Queenan...
Categories: Market News
CoStar's People of Note (Feb. 7-13)
This week's People of Note includes the following markets: Chicago, Boston, East Bay, National and Phoenix.
NATIONAL
Former Opus North CEO Joins Trammell Crow
Daniel Queenan, the former president and CEO of Opus North Corp., joined Trammell Crow...
Categories: Market News
Lease Up/Lease Down (Feb. 7-13): Major Relocations in Washington, DC
CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial...
Categories: Market News
In The Pipeline: CoStar Development and Construction News for Feb. 7-13
In this week's Pipeline, George Smith Partners is close to finalizing that rarest of transactions in today's soft market -- a construction loan for new development on the Westside of Los Angeles. Meanwhile, to the east of L.A. in the Inland Empire,...
Categories: Market News
CoStar's Retail News Roundup: Feb. 7-13, 2010
This week in the Retail Roundup, CoStar reports on expansions or new concepts at Casual Male, Coach, Subway and Chick-fil-A; closings, cutbacks, bankruptcy, default, receivership or foreclosure news at Disney Store, Movie Gallery, Car Dealerships, Walking...
Categories: Market News