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CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.
Updated: 13 hours 48 min ago
CoStar's People of Note (July 25-31)
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...
Categories: Commercial RE News
iStar Portfolio Fetches $1.3 Billion
Dividend Capital Total Realty Trust Inc., a Denver-based REIT, acquired a portfolio of 39 office and industrial properties for $1.3 billion from iStar Financial Inc. The portfolio is 99% occupied and consists of single-tenant corporate users. Neither...
Categories: Commercial RE News
JLL Promotes 3 in L.A.
Jones Lang LaSalle promoted Aaron Ahlburn, John Strauss and Troy Freeman in its Los Angeles area offices.
Ahlburn (pictured, left), based in El Segundo, specializes in the research of industrial properties and analyzes economic trends in the distribution...
Categories: Commercial RE News
Lease Up/Lease Down (July 25-31): Major NYC Deals for CBS, NFL & Healthfirst
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: Commercial RE News
CoStar to Introduce the First Comprehensive Repeat Sales Index for Commercial Real Estate
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...
Categories: Commercial RE News
In The Pipeline: CoStar Development and Construction News for July 25-31
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...
Categories: Commercial RE News
CoStar's Deals of Note (July 25-31)
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...
Categories: Commercial RE News
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: Commercial RE News
Pico Rivera Industrial Bldg. Sells for $2.5M
Tien Chun and Tien Shiang Pan acquired a 28,890-square-foot industrial building at 8226 Whittier Blvd. in Pico Rivera, CA, from Swami Equipment Leasing Co. for $2.5 million, or about $87 per square foot.
Built in 1955, the building is on a 3.1-acre...
Categories: Commercial RE News
Two L.A. Multifamilies Trade for $12.2 Million
Rohit Mehta of Investment Corp. purchased two multifamily properties at 200 S. Sycamore Ave. and 11645 Gorham St. in Los Angeles, CA. The property on Sycamore totaled 19 units and was purchased for $4.95 million, or approximately $260,315 per unit. The...
Categories: Commercial RE News
Jam'n Products Signs 3-Year Lease in L.A.
Jam'n Products Inc., a Vernon, CA-based wholesaler, signed an 85,550-square-foot lease for three years with Vernon Bandini Partnership. Jam'n will occupy more than half of the building.
The 147,300-square-foot industrial property is at 4177-4199 Bandini...
Categories: Commercial RE News
Amway Distributor Leases 155,484 SF
Alticor/Access Business Group, a Michigan-based manufacturer and distributor of consumer goods for Amway and other companies, signed a seven-year lease with Golden Springs Development Co. at the Golden Springs Business Center. It will fully occupy building...
Categories: Commercial RE 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: Commercial RE 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: Commercial RE News
Helios Productions Buys Park Mile Office for $4.3M
Helios Productions, an entertainment and production company, purchased 4500 Wilshire Blvd. in Los Angeles from 4500 Wilshire LLC for $4.3 million, or nearly $317 per square foot. The new owner will occupy the third floor of the property and lease out...
Categories: Commercial RE 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: Commercial RE 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: Commercial RE News
Finley To Lead Colliers' Integrated Client Services in O.C.
Michael J. Finley joined Colliers International Corporate Solutions as managing director. He will oversee the company’s integrated client services efforts in Orange County, CA.
Finley got his start nearly two decades ago working for Grubb & Ellis,...
Categories: Commercial RE News
Colony Capital Wins Second Billion-Dollar FDIC CRE Loan Portfolio from 22 Failed Banks
The Federal Deposit Insurance Corp. (FDIC) recently closed on a sale to Colony Capital LLC of 40% equity interest in a limited liability company (LLC) created to hold assets consisting of approximately 1,660 distressed commercial real estate loans with...
Categories: Commercial RE News
Retail Development Planned for Redondo Beach
LaSalle Investment Management purchased 9 acres at 1515 Hawthorne Blvd. in Redondo Beach, CA, for $12 million, or about $1.33 million per acre.
The property, which is part of South Bay South Center, will be developed into a new 117,585-square-foot...
Categories: Commercial RE News
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