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

This week's People of Note includes the following markets: Atlanta, Milwaukee/Madison and Washington, DC. ATLANTA Green Bldg. Expert Joins Grubb's Office Group Grubb & Ellis Co. appointed Greg O’Brien as senior vice president of the office group...

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...

Bank Watch: Regulator Says Bankers, Not Bricks, Main Reason Behind Most Bank Failures

Don't blame the current wave of bank failures on commercial real estate; much of the blame belongs to bad bankers. While it is clear that commercial real estate and construction and land development loans have figured in most every bank failure in...

Long Beach Senior Living Facility Sells for $8M

Sunny Hills Palladium LLC purchased the senior living facility at 3360 Magnolia Ave. in Long Beach, CA, from Richard J. Scotti Trust for $8 million, or about $43,011 per unit. The buyer paid cash for the property. The senior living facility has 186...

Pool Water Products Buys Van Nuys Industrial

Pool Water Products acquired an industrial building at 8151 Orion Ave. in Van Nuys, CA, from Heller Trust for $3.3 million, or about $165 per square foot. The property consists of a 20,000-square-foot building on 0.9 acres completed in 1975. Pool...

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...

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...

On Assignment Relocating Corporate HQ

On Assignment Inc. is relocating its corporate headquarters to 26745 Malibu Hills Road in Calabasas, CA. The science and health care staffing agency signed a 10-year, eight-month deal with Calabasas BDC for the entire 37,172-square-foot office building...

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...

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...

Kingsbridge Invests $11.4M in Simi Valley Portfolio

Kingsbridge International Inc. acquired 208,493 square feet in property at 2900-2950 Madera Road in Simi Valley, CA, from Bank of America for a value of $11.42 million. The two-building portfolio includes a 135,683-square-foot distribution center and...

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...

Abercrombie & Fitch Shuttering 110 Stores

Abercrombie & Fitch intends to close 110 of its domestic stores by 2012. The Ohio-based apparel retailer said in an SEC filing last week that its would be shuttering 60 locations by the end of the year, with the remaining 50 stores closing in 2011...

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,...

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,...

This Week in Retail: NFL's Ray Lewis Looks To Be 'All Business' Off the Field Too

Baltimore Ravens star linebacker and likely Hall-of-Famer Ray Lewis has drafted a new team, RL52 Realty, a full service commercial real estate advisory firm. While the firm will help advise clients on decisions affecting all property types, the official...

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...

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...