Watch List (May 4-10): Lenders Continue To Tighten Money SupplyIn this week’s issue:
-- The Federal Reserve tells us that it is getting harder to get a CRE loan;
-- However, Fitch Ratings says most borrowers with large loans coming due should be able to extend or refinance with little trouble;
-- American Realty...
Facility Closures and Layoffs (May 4-10)This article is excerpted from Watch List, a weekly column of market conditions, company expansions and contractions and real estate investment opportunities.
Pliant Corp. in Schaumburg, IL, plans to consolidate a number of locations: 299 Clukey Drive...
CoStar's Daily Deals of Note for ThursdayNATIONAL MARKETS
Walgreens Makes One Times Square Lease Final
by Kevin Bryant
In another big medical property portfolio deal, mixed office/industrial owner HRPT Properties Trust (NYSE: HRP) has agreed to the $565 million sale of 48 medical offices...
Business Expansions, Relocations (May 4-10)ALMO Distributing Wisconsin leased 107,505 square feet at 7515 N. 81st St. in Milwaukee, WI. It will move from its current site at 4200 N. Port Washington Road this month. Tom Shepherd of Inland Cos. represented Centerpoint Properties. Jim Young of Colliers...
Under Contract (May 4-10)Winthrop Realty Trust announced that the condition to transferring the property at 600 W. Jackson St. in Chicago, IL, a property in its Marc Realty portfolio, has been satisfied and that the sale of the property is expected to occur within the next 90...
Studley Taps Hanke as Managing DirectorInternational tenant advisory firm Studley named Eric Hanke, formerly chief investment officer at BellaVista Capital, managing director of its national Structured Finance Group (SFG).
Established in 2006, SFG provides a comprehensive range of services...
Investor Trades Van Nuys Industrials for $3.2MLieser Holdings LP sold two industrial buildings totaling 54,810 square feet at 14558 and 14620 Keswick Street in Van Nuys, CA, to 14620 Keswick LLC. Total consideration for the sale was $3.2 million, or approximately $58 per square foot.
The buyer...
Flex Bldg. in Chatsworth Sells for $6.8 MillionDaryl Parker of Parker Industrial Properties sold the flex property at 20630 Nordhoff St. in Chatsworth, CA, to 20630 Nordhoff LLC. Total consideration for the sale was $6.8 million, or about $134.50 per square foot.
The buyer will occupy the 50,620...
CoStar Salutes 2007 Los Angeles CoStar Power Broker Award WinnersThis week, CoStar announced the winners of the 2007 CoStar Power Broker Awards, recognizing the achievement of top brokerage firms and individual brokers who closed the highest transaction volume in commercial property sales and leases in 2007.
Now...
CoStar's Retail News Roundup: May 4 to 10, 2008This week in the Retail Roundup, CoStar reports on expansions or new concepts at Kohl's and Steve & Barry's; new retail developments in NY, MI, CA, FL, and TX; acquisition, merger, loan or sale activity at Hanley Investment Group, Centro Properties Group...
