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News Feed Regulatory Reform: What Impact Will It Have On Commercial Real Estate?
07/28/10
The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law by President Obama last week, is a cornerstone of Congress and the Administration?s financial regulatory reform agenda, creating the most sweeping changes in U.S. financial...
Retail Leasing Continues to Strengthen, But Investment Activity Remains Sluggish
07/28/10
Retailers, consumers and the general economy are clearly better off than they were a year ago -- and that?s translating into an increase in leasing acyivity and overall occupancy together with a deceleration in rent declines for retail property owners...
True Value Renews 1.2 Million SF in Harvard, IL
07/28/10
True Value Co. renewed 1.19 million square feet of warehouse space for 10 years in Harvard, IL. The distribution center, one of 12 the retailer-owned hardware cooperative owns in the U.S., will continue to ship products from this location to its stores...
Pritzker, Bozzuto Form $75M Multifamily Joint Venture
07/28/10
Pritzker Realty Group has partnered with The Bozzuto Group to establish a multifamily equity fund with an initial investment of $75 million. The fund will purchase and develop apartment communities in the Mid-Atlantic and Northeast with a primary focus...
Lease Up/Lease Down (July 25-31): Major NYC Deals for CBS, NFL & Healthfirst
07/28/10
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...
SL Green Signs CBS & Healthfirst to Major Office Deals
07/27/10
It was another landmark week for SL Green. The office REIT inked long-term deals for CBS Broadcasting and Healthfirst in Manhattan, while one of its subsidiaries closed two leases for PepsiCo and Citigroup in the Westchester/Southern Connecticut region...
Study Finds Commercial Retrofits Could Save $41B Annually In Energy Costs
07/28/10
Although energy-efficient retrofitting of commercial buildings has the potential to return twice as much in savings to owners and tenants as they require in investments, interest in pursuing retrofits has remained relatively low, dampened by the financial...
NFL Relocates, Cuts Back on Space
07/28/10
The National Football League (NFL) officially announced Tuesday that it is relocating its headquarters to 345 Park Ave. in Manhattan. But although the nation's most popular sports league inked one of the New York's largest office leases this year, it...
CoStar to Introduce the First Comprehensive Repeat Sales Index for Commercial Real Estate
07/27/10
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 The Pipeline: CoStar Development and Construction News for July 25-31
07/26/10
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...
Onyx Pharmaceuticals Inks 126,493-SF Office Deal
07/26/10
Onyx Pharmaceuticals Inc., a cancer biopharmaceutical company, signed for 126,493 square feet at 249 E. Grand Ave. in South San Francisco, CA. The deal includes 68,738 square feet subleased from Exelixis and an entire first and second floor space leased...
Inland Announces $209M in Retail Acquisitions
07/21/10
Inland Real Estate Acquisitions (IREA), announced Wednesday that it has recently purchased five shopping centers totaling 1.3 million square feet, for a combined total of $209 million. IREA acquired the properties on behalf of Inland American Real Estate...
U.S. Industrial Real Estate Markets Now In Recovery
07/21/10
The U.S. industrial real estate market now appears to be headed into recovery after several quarters of negative absorption.
With the economy sending out mixed signals but generally gaining strength, absorption of industrial buildings turned positive...
REIT Bank Lending Lines Remain Open, At A Cost
07/20/10
Despite concerns during the financial crisis about whether bank credit would remain available, equity REITs generally have been able to renew maturing unsecured lines of credit throughout the downturn. Credit has remained available -- but not surprisingly...
CGA Capital Arranges $697 Million in Financing for National Security Project In Kansas City
07/21/10
Baltimore, MD-based CGA Capital Corp. has closed $687 million in financing for construction of the National Nuclear Security Administration?s new 1.5 million-square-foot manufacturing facility in Kansas City, MO.
The NNSA National Security Campus...
Avison Young CEO Mark Rose On The Record About U.S. Expansion
07/20/10
Avison Young's appetite for growth shows no signs of waning. The Toronto, Ontario-based company has been snapping up real estate services firms as it continues its U.S. expansion, most recently adding Hodges Management and Leasing Co. in Atlanta to bolster...
AIA Forecast: Private Commercial Construction To Fall Nearly 30% in 2010
07/20/10
Spending on commercial and other nonresidential construction is likely to fall more than 20% this year -- significantly more than forecasters predicted six months ago -- with hotel and office construction down by more than 43% and 29%, respectively, according...
In The Pipeline: CoStar Development and Construction News For July 18-24
07/20/10
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...
Lease Up/Lease Down (July 18-24): Daily News Relocates, J&J Cuts Jobs
07/20/10
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...
Whirlpool Corp. Announces $85M HQ Project in W. Michigan
07/20/10
Home appliance manufacturer Whirlpool Corp. said it will stay in Western Michigan, building a new office campus in Benton Harbor, MI, at a reported cost of $85 million as part of a five-year plan to consolidate its 15 owned and leased facilities into...
Avison Young Acquires Hodges Management and Leasing
07/18/10
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...
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