CoStar's People of Note (July 18-24)
This week's People of Note includes the following markets: Atlanta, Chicago, Detroit and Raleigh/Durham.
ATLANTA
Avison Young Acquires Hodges Management and Leasing
Avison Young purchased Hodges Management and Leasing Co., an Atlanta-headquartered...
Categories: Market News
Retail Distributor Signs 5-Year Deal
Advanced Distribution Services-Nashville LLC signed a 53,000-square-foot lease at 701 Space Park Drive in the Space Park Distribution Center in Nashville.
The 181,000-square-foot distribution building was built in 1975 in the Southeast Industrial submarket...
Categories: Market News
In The Pipeline: CoStar Development and Construction News For July 18-24
In this week's Pipeline, a consensus of construction industry experts delivers a sobering forecast for commercial and other nonresidential building activity for the remainder of 2010; CGA Capital has pulled together $687 million in financing for Center...
Categories: Market News
Lease Up/Lease Down (July 18-24): Daily News Relocates, J&J Cuts Jobs
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...
Categories: Market News
Avison Young Acquires Hodges Management and Leasing
Avison Young purchased Hodges Management and Leasing Co., an Atlanta-headquartered firm that provides third-party property management and leasing services to real estate owners in the Southeast. The acquisition includes HMLC’s 36 employees and its portfolio...
Categories: Market News
CoStar's Deals of Note (July 18-24)
SEATTLE
Cole Acquires City Center Plaza for $310 Million
By Brian White
In one of the largest real estate transactions of 2010, Cole Credit Property Trust III Inc., a non-traded real-estate investment trust managed by Cole Real Estate Investment...
Categories: Market News
CoStar's People of Note (July 11-17)
This week's People of Note includes the following markets: Atlanta, Denver, Minneapolis, Orange County, Retail and Southern California
ATLANTA
Transwestern Adds to Asset Services Team; Wins 800,000-SF Assignment
The Atlanta branch of Transwestern...
Categories: Market News
Colonial Refinances 3 Assets With $73.2M Loan
Colonial Properties Trust, a real estate investment trust, secured $73.2 million in loans to refinance three multifamily properties in Tennessee, Florida and Texas.
Berkadia Commercial Mortgage originated the fixed rate, first-mortgage financing through...
Categories: Market News
Hendersonville Self-Storage Facility Changes Hands
Walton Ferry Self Storage at 134 Walton Ferry Dr. in Hendersonville, TN, sold for $2.68 million, or about $9,100 per unit, in a sale between private investors.
The 293-unit, 38,925-square-foot self-storage facility was built in 1998 in the North...
Categories: Market News
Lease Down (July 11-17): Mergers & Acquisitions Lead to Layoffs
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
JLL To Take Over General Growth's Third-Party Mall Management and Leasing Business
Jones Lang LaSalle (NYSE: JLL) signed a strategic alliance with General Growth Properties (NYSE:GGP) under which JLL will take over GGP’s third-party management and leasing responsibilities for 18 shopping centers totaling 11 million square feet across...
Categories: Market News
Lease Up (July 11-17): Major Renewals Reveal Firms Cutting Back on Space
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 (July 11-17)
ATLANTA
InterContinental Sells Atlanta Hotel for $105M
By Laurie Forbes
InterContinental Hotels Group sold its 422-room InterContinental Buckhead Atlanta property to Pebblebrook Hotel Trust for $105 million, or approximately $248,815 per room....
Categories: Market News
CoStar's People of Note (July 4-10)
This week's People of Note includes the following markets: Atlanta, Chicago, Las Vegas, Milwaukee/Madison, Orange County, Phoenix, Portland, South Florida and Washington, DC.
WASHINGTON, DC
Avison Young Buys NoVa Firm; Taps 2 to Head New Branch
Toronto...
Categories: Market News
Artisan Wood Renews in Nashville
Artisan Wood Supply Co. renewed its lease for 19,190 square feet at the Berry Hill Industrial Center in Nashville for 23 months.
The 180,000-square-foot distribution building at 2461-2517 Bransford Ave. was built in 1950 in the IBD Industrial submarket...
Categories: Market News
CoStar's Deals of Note (July 4-10)
BOSTON
Shire Expands Boston Operations, Buys Lexington Campus for $165 Million
By CoStar Research
Shire plc announced the $165 million acquisition of Lexington Technology Park, a four-building, 435,000-square-foot corporate campus in suburban Boston...
Categories: Market News
In The Pipeline: CoStar Development and Construction News For July 4-10
In this week's edition of In The Pipeline, long-planned mixed-use projects are emerging in New York and L.A. In Lower Manhattan, The Moinian Group will open the W New York - Downtown Hotel & Residences, following three years of planning and delays in...
Categories: Market News
Lease Down (July 4-10): United Space Alliance Cutting Workforce by 15%
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 (July 4-10): Sallie Mae Moving HQ to Delaware
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 People of Note (June 27-July 3)
This week's People of Note includes the following markets: Chicago, Kansas City, National, San Francisco and Southern California
SAN FRANCISCO, NATIONAL
Walter Shorenstein, Real Estate Mogul, Dies at 95
Commercial real estate entrepreneur Walter...
Categories: Market News