Market News

CoStar's People of Note (Aug. 29-Sept. 4)

Real Estate News - Fri, 09/03/2010 - 02:43
This week's People of Note includes the following markets: Atlanta, Inland Empire, Los Angeles, Milwaukee/Madison, New York City, Orange County and Washington, DC. ATLANTA Green Bldg. Expert Joins Grubb's Office Group Grubb & Ellis Co. appointed...
Categories: Market News

Franklin Office Portfolio on the Market for $23M

Real Estate News - Wed, 09/01/2010 - 02:30
Marcus & Millichap acquired the exclusive listing for UnitedHealth Group's locations in Franklin, TN. The buildings are being listed at $23 million, or $173 per square foot. The buildings delivered in 2000 and 2004 at 1009 Windcross Court and 1021...
Categories: Market News

In The Pipeline: CoStar Development and Construction News for Aug. 29 - Sept. 4

Real Estate News - Tue, 08/31/2010 - 12:06
In this week's Pipeline, Forest City Enterprises will privatize and build family housing at four military bases in South Carolina, Tennessee and Mississippi; in Rockville, MD, business and government leaders will officially kick off a $200 million expansion...
Categories: Market News

Lease Down (Aug. 29 - Sept. 4): Northrop Grumman, Aviat Continue to Downsize

Real Estate News - Tue, 08/31/2010 - 05:47
CoStar compiles news of consolidations, closures, layoffs and lease cancellations in the weekly Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on corporate expansions...
Categories: Market News

Lease Up (Aug. 29 - Sept. 4): BP Selects Memphis Facility to Store Gulf Cleanup Materials

Real Estate News - Mon, 08/30/2010 - 08:43
CoStar compiles news of corporate expansions, relocations and lease extensions in the weekly Lease Up news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on consolidatations and lease...
Categories: Market News

BP Selects Memphis Facility to Store Gulf Cleanup Materials

Real Estate News - Mon, 08/30/2010 - 02:32
BP PLC has leased a 600,000-square-foot warehouse in Memphis, TN, to house equipment for cleanup of the Deepwater Horizon oil spill. The British oil giant had been looking for one centralized warehouse to store materials, as opposed to using facilities...
Categories: Market News

CoStar's Deals of Note (Aug. 29 - Sept. 4)

Real Estate News - Mon, 08/30/2010 - 01:32
NEW YORK Boston Properties to Acquire 510 Madison By Andrew Deichler Boston Properties said last week that it is acquiring 510 Madison Ave. from oft-troubled New York developer Harry Macklowe. The REIT has agreed to a purchase price equal to...
Categories: Market News

CoStar's People of Note (Aug. 22-28)

Real Estate News - Fri, 08/27/2010 - 02:19
This week's People of Note includes the following markets: Atlanta, Denver, Hartford, New York City, Northern New Jersey, Retail, South Florida and Washington, DC. ATLANTA Brown Joins Cortland as Chief Acquisitions Officer Cortland Partners recruited...
Categories: Market News

Bell Forge Cinemas Sells for $1.5M

Real Estate News - Wed, 08/25/2010 - 07:28
Martin Theaters Inc. sold the Bell Forge Cinemas in Antioch to the Islamic Center of Tennessee for $1.5 million, or about $33 per square foot. The new owner plans to completely redevelop the property, transforming it into an elaborate Islamic Center with...
Categories: Market News

CoStar to Release August Repeat Sales Analysis Next Week

Real Estate News - Wed, 08/25/2010 - 04:22
Look for the latest findings of the CoStar Commercial Repeat-Sale Indices (CCRSI) to be released this coming Wednesday, September 1, 2010. CoStar developed the CoStar Commercial Repeat-Sale Indices to provide a comprehensive set of benchmarks...
Categories: Market News

Abercrombie & Fitch Shuttering 110 Stores, GM Shrinks Real Estate Holdings, More Retailer Right-Sizings

Real Estate News - Wed, 08/25/2010 - 03:21
CoStar compiles news of consolidations, closures, layoffs and lease cancellations in the weekly Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on corporate expansions,...
Categories: Market News

In The Pipeline: CoStar Development and Construction News for Aug. 22 - 28

Real Estate News - Tue, 08/24/2010 - 11:15
In this week's Pipeline, the Empire State Building failed in its bid to amend or halt plans by Vornado Realty Trust to build a nearly 1,200-foot skyscraper in the sightlines of the historic building; a Los Angeles-based fund is providing $22.6 millionto...
Categories: Market News

Lease Up (Aug. 22-28): GMHC, WNET Sign Major Manhattan Office Deals

Real Estate News - Mon, 08/23/2010 - 10:15
CoStar compiles news of corporate expansions, relocations and lease extensions in the weekly Lease Up news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on consolidatations and lease...
Categories: Market News

CoStar's Deals of Note (Aug. 22-28)

Real Estate News - Mon, 08/23/2010 - 01:50
SOUTH FLORIDA Sunstone Picks Up Royal Palms Hotel for $117M By Heather Sellers Sunstone Hotel Investors acquired the Royal Palm Hotel at 1545 Collins Ave. in Miami Beach at a foreclosure auction. The gross purchase price was $126.1 million,...
Categories: Market News

CoStar's People of Note (Aug. 15-21)

Real Estate News - Fri, 08/20/2010 - 02:28
This week's People of Note includes the following markets: Chicago, New York City, San Francisco and Washington, DC. CHICAGO Sellis Joins Transwestern's Investment Sales Group The Chicago branch of Transwestern hired Janice Sellis as a director...
Categories: Market News

Lease Down (Aug. 15-21): Barnes & Noble, Aviat, A&P Face Uncertain Futures

Real Estate News - Wed, 08/18/2010 - 12:53
CoStar compiles news of consolidations, closures, layoffs and lease cancellations in the weekly Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on corporate expansions...
Categories: Market News

Lease Up (Aug. 15-21): Caterpillar, Great Dane, Amazon Expand

Real Estate News - Wed, 08/18/2010 - 01:33
CoStar compiles news of corporate expansions, relocations and lease extensions in the weekly Lease Up news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on consolidatations and lease...
Categories: Market News

CoStar's Deals of Note (Aug. 15-21)

Real Estate News - Mon, 08/16/2010 - 01:30
NEW YORK Allianz Global Investors Leases 213,000 SF at 1633 Broadway By Esther Prince Allianz Global Investors signed a 20- year lease for 213,000 square feet at 1633 Broadway in Manhattan. The German financial services company is taking floors...
Categories: Market News

CoStar's People of Note (Aug. 8-14)

Real Estate News - Fri, 08/13/2010 - 01:47
This week's People of Note includes the following markets: Chicago, Kansas City, Los Angeles, New York City, Northern New Jersey, Philadelphia and San Francisco. NORTHERN NEW JERSEY Bangia Joins Realogy's Global Client Solutions Team Parsippany...
Categories: Market News

Quad/Graphics Consolidating, Following Worldcolor Acquisition

Real Estate News - Thu, 08/12/2010 - 03:49
Quad/Graphics said last week that it is closing five plants as part of its ongoing integration with Worldcolor, which it acquired last month. The Wisconsin-based printing company is shutting down its facilities in Clarksville and Dyersburg, TN; Corinth...
Categories: Market News