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...

PGM Properties LLC acquired 15.4 acres at 1771 Madison St. in Clarksville, TN, from Clarksville Volunteer Health for $2.25 million, or about $146,100 per acre. The former Gateway Medical Center location is at the corner of Memorial Drive and Madison...

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...

In this week's Pipeline, The Macerich Co. officially reopens the Santa Monica Place mall in Southern California following a $265 million redevelopment; McCarthy Building Companies, Inc.wraps up construction of a children’s hospital in the Kearny Mesa...

LONG ISLAND Long Island Apartment Portfolio Sells for $229.8M By Esmerelda McKie In the Long Island Market's largest multifamily transaction this year, Eagle Rock Management LLC acquired seven apartment communities totaling 1666 units in Carle...

This week's People of Note includes the following markets: Houston, Jacksonville, Kansas City, Los Angeles, New York City, Orange County, Orlando, South Bay, SW Florida and Tampa/St. Petersburg. LOS ANGELES, SOUTH BAY Colliers Hires 25-Year Veteran...

The office vacancy rate in the Nashville market area remained unchanged to 11.5% at the end of the second quarter 2010. The vacancy rate was 11.5% at the end of the first quarter 2010, 11.1% at the end of the fourth quarter 2009, and 10.9% at the end...

Anchor Investments, which partnered with Cassidy Turley members Rob Lowe and Whit McCrary, has acquired the Ashley Furniture HomeStore at 8099 Moores Lane in Brentwood, TN, from a private family trust for $2.76 million, or $63 per square foot. The...

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...

In this week's Pipeline, Gov. Arnold Schwarzenegger speaks at a ceremony to launch the massive $3.3 billion construction project to build a "health-care city" at an Air Reserve Base near Moreno Valley, CA; in more health-care construction news, BremnerDuke...

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...

CHICAGO KBS Acquires 300 N LaSalle for $655 Million By Andrew Deichler In Chicago's largest commercial real estate transaction this year, KBS REIT II has acquired 300 N LaSalle St. for $655 million, or $503 per square foot, according to an SEC filing...

This week's People of Note includes the following markets: Atlanta, Chicago, National, New York City, Phoenix and Portland. NATIONAL Former Brookfield Pres. Named CFO at General Growth Steven J. Douglas, the former president of Brookfield Properties...

Highwoods Properties has acquired Crescent Center in Memphis from Behringer Harvard REIT I. Highwoods is investing $52.6 million in the property, which includes building improvements and the assumption of secured debt that matures in 2015. The nine...

CoStar compiles news of company expansions and relocations, as well as consolidations, closures and layoffs. Look for Lease Up and Lease Down every week, to stay updated on major corporate moves affecting commercial real estate. In this week's issue...

The Nutro Co., a division of Mars Petcare, signed a five-year lease for 207,518 square feet at 14840 Central Pike in Lebanon, TN. The distribution building totals 653,460 square feet and was built in 2006. It is located in Duke’s Park 840 industrial...

First Steps Inc., a Nashville based nonprofit organization, acquired the old McWhorter Children’s Center at 1900 Graybar Lane in Nashville, from Fifth Third Bank for $2.23 million, or $158 per square foot. The 14,082-square-foot office building was...

CoStar announced it is launching the CoStar Commercial Repeat Sales Index (CCRSI), the first comprehensive repeat sales index for commercial real estate. The index is intended to provide consistent and timely information to help answer some of the fundamental...

In this week's Pipeline, the Ak-Chin Indian Community and general contractor PENTA Building Group break ground on $20 million expansion of a Harrah’s Casino south of Phoenix; a Denver-based electrical contractor completes a new design-build $64 million...

DALLAS/FT. WORTH Capri Capital Sells 725,351-SF Office Portfolio in Dallas By Timothy Houseal Four Dallas office buildings have changed ownership as Capri Capital Partners sold 725,351 square feet at 8111-17 Preston Road and 5949 Sherry Lane to...