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Office Lease Up (December 19) City National Bank Signs 300,000-SF Office Lease at 2Cal

City National Bank has signed a long-term lease for 11 lower floors totaling 300,000 square feet in the Two California Plaza office tower at 350 S. Grand Ave. in Los Angeles, CA. The 52-story, 1.....»»

Category: realestateSource: COSTARDec 20th, 2016Related News

CBL & Associates Closes on Sale of Three Malls for $32 Million

CBL & Associates Properties Inc. (NYSE:CBL) closed on the sale of three of its lowest tiered enclosed malls for $32.25 million to Hull Property Group. The 1.67 million-gross leasable square-foot po.....»»

Category: realestateSource: COSTARDec 20th, 2016Related News

CoStar"s People of Note (Dec. 16)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Washington DC, Cleveland, Houston, Chicago, Seattle, Jacksonville, Sout.....»»

Category: realestateSource: COSTARDec 16th, 2016Related News

Gramercy Property Trust Acquires $521 Million Core Logistics Portfolio

Gramercy Property Trust (NYSE:GPT), a real estate investment trust, closed on the acquisition of a 17-property, 10.3 million-square-foot, Class A warehouse portfolio for $521 million. The portfolio consists of 17 bulk warehouses located in key logistic.....»»

Category: realestateSource: COSTARDec 16th, 2016Related News

Colliers to Merge With Largest Affiliate, Expanding in Northern CA, Nevada

Colliers International Group, Inc. (Nasdaq:CIGI) today announced plans to merge with its largest independently owned U.S. affiliate, Colliers Parrish International Inc. (CPI), bringing 400 real estate professionals across nine offices in Northern Californ.....»»

Category: realestateSource: COSTARDec 16th, 2016Related News

While Reviewing Strategic Options, GLP Ramps Up for Another $1.5 Billion in US Investments

Even as it undertakes a strategic review of its worldwide logistics holdings, Global Logistic Properties Ltd. (SGX:MC0), has established a new U.S.-based investment fund: GLP US Income Partners III. The fund is seeded with total equity commitments of $.....»»

Category: realestateSource: COSTARDec 15th, 2016Related News

Citi Opts to be an Owner Rather than a Renter in Florida

After considering other locations in the Tampa market for expansion, Citigroup decided to buy its 92-acre Citibank Center complex from an affiliate of Zurich Alternative Asset Management (ZAAM), gaining full control over the property. The bank houses a.....»»

Category: realestateSource: COSTARDec 15th, 2016Related News

No Surprise as Fed Raises Key Interest Rate, but Hike Still Sends Shiver Through REIT Sector

While commercial real estate analysts and investors have anticipated an increase in the Federal Reserve's key short-term interest rate for several months, baked-in expectations failed to prevent a sell off of stocks in REITs and the broader market when Fe.....»»

Category: realestateSource: COSTARDec 15th, 2016Related News

CEO Succession at Host Hotels as Walter to Step Down Dec. 31

Host Hotels & Resorts, Inc. (NYSE:HST) announced that W. Edward Walter will step down as president, CEO and board director at the end of the month. Walter will be succeeded in those executive positions by James F. Risoleo, who currently serves as executi.....»»

Category: realestateSource: COSTARDec 15th, 2016Related News

New Round of Stores Closings Expected as Dept. Store Chains Shrink Real Estate Footprints

Like watching a car wreck unfold in slow motion, department store chains continued to deliver disappointing financial results ahead of a holiday season which are projected to see higher sales than last year. However, the important retail sales period i.....»»

Category: realestateSource: COSTARDec 14th, 2016Related News

FDIC Sees Early Signs of Stress Showing Up in CRE Lending

It could be that, after hitting 20-year lows, deliquency rates for bank loans on commercial real estate had no where to go but up. Or it could also be an early sign of stress in CRE lending starting to emerge. Either way, the Federal Deposit Insurance .....»»

Category: realestateSource: COSTARDec 14th, 2016Related News

Speculation Mounting Over Who Will Buy Stores Unloaded by Walgreens/Rite Aid to Win Merger Approval

As 2017 quickly approaches, speculation is mounting over which of Walgreens/Rite Aid's rivals will buy up to 1,000 stores the two pharmacy retailing giants are expected to be asked to sell in order to satisfy federal antitrust concerns over their planned .....»»

Category: realestateSource: COSTARDec 14th, 2016Related News

DDR Names Former Forest City Exec COO

Cleveland-based DDR Corp. (NYSE: DDR) announced William T. Ross, a former executive vice president of asset management at Forest City Realty Trust, will join the firm as its chief operating officer, effective Jan. 3, 2017. Ross will oversee asset and p.....»»

Category: realestateSource: COSTARDec 14th, 2016Related News

Office Lease Up (December 12) Facebook Preleases 384,000 SF in Arbor Blocks Towers

Social media giant Facebook pre-leased the Arbor Blocks project, encompassing 384,000 square feet in two six-story, mid-rise office buildings currently under construction at 300 and 333 8th Ave. N in Seattle, WA. The project broke ground in December 20.....»»

Category: realestateSource: COSTARDec 12th, 2016Related News

CBRE Adds Retail Project Manager Skye Group

CBRE acquired privately held Skye Group, a national retail project management firm led by Brad Sanders who founded the company in Cleveland in 2000. The business will operate as CBRE / Skye. Terms were not disclosed. Skye provides a wide range of proje.....»»

Category: realestateSource: COSTARDec 12th, 2016Related News

Oceanwide Holdings Breaks Ground on SF’s Second-Tallest Tower

Beijing-based Oceanwide Holdings has broken ground on Oceanwide Center, a mixed-use project including two towers, including one that will stand second only to Salesforce Tower as the tallest building in San Francisco. The taller of the structures in th.....»»

Category: realestateSource: COSTARDec 9th, 2016Related News

CoStar"s People of Note (Dec. 9)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City, Atlanta, Washington DC, Los Angeles, Dallas / Ft. Worth,.....»»

Category: realestateSource: COSTARDec 9th, 2016Related News

Musical Chairs Among Top NYC Brokers Continues as Investment Activity Stays Hot

New York City is the most competitive real estate market in the country if not the world, so it comes as little surprise that the competition for top-shelf CRE brokerage investment sales talent is equally as keen. In the latest high-level move, one of.....»»

Category: realestateSource: COSTARDec 8th, 2016Related News

Starwood Jumping Into MOB Market with $838M Portfolio Purchase

Starwood Property Trust (NYSE:STWD) is expecting to wrap up a year-end $838 million deal to buy a 38-building, 2.2 million-square-foot medical office building portfolio across 14 states as the mortgage REIT and net-leased property owner expands into the M.....»»

Category: realestateSource: COSTARDec 8th, 2016Related News

Avoiding Past Boom or Bust Cycle, US Office Construction Extends Recovery by Closely Matching Demand

The 135 million square feet of office space under construction across the U.S. at the end of the third quarter only modestly exceeds the long-term historical average of 127 million square feet. Office construction has remained surprisingly 'in tune' w.....»»

Category: realestateSource: COSTARDec 8th, 2016Related News