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