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NAIOP Chapter Comes Out in Support of NC "Bathroom Bill" Repeal Compromise

Stung by the loss of what it describes as dozens of economic development opportunities that have directly impacted North Carolina's commercial property industry, a major CRE trade group has thrown its .....»»

Category: realestateSource: COSTARFeb 24th, 2017Related News

JCPenney Closing up to 140 Stores Over Next Few Months

Anchor department store closures just keep coming, as J. C. Penney Company Inc. (NYSE: JCP) announced plans this morning to close two distribution facilities and between 130 and 140 of its retail sto.....»»

Category: realestateSource: COSTARFeb 24th, 2017Related News

CoStar"s People of Note (Feb. 24)

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 is.....»»

Category: realestateSource: COSTARFeb 24th, 2017Related News

JCPenney To Close up to 140 Stores in Next Few Months

Anchor department store closures just keep coming, as J. C. Penney Company Inc. (NYSE: JCP) announced plans this morning to close two distribution facilities and from 130 to 140 stores over the next .....»»

Category: realestateSource: COSTARFeb 24th, 2017Related News

Busy Week for RAIT Financial Trust Concludes with New Transformation Initiative

Facing a proxy fight with one of its investors, a net loss last year and a decline in the amount of assets under management, Philadelphia-based CRE lender RAIT Financial Trust (NYSE:RAS) has approv.....»»

Category: realestateSource: COSTARFeb 24th, 2017Related News

JCPenney To Close up to 140 in Next Few Months

Anchor department store closures just keep coming, as J. C. Penney Company Inc. (NYSE: JCP) announced plans this morning to close two distribution facilities and from 130 to 140 stores over the next .....»»

Category: realestateSource: COSTARFeb 24th, 2017Related News

FinCEN Renews Cash-Only Real Estate Reporting Orders

The Financial Crimes Enforcement Network (FinCEN) renewed existing Geographic Targeting Orders (GTO) that were scheduled to expire today. GTOs temporarily require U.S. title insurance companies to identify t.....»»

Category: realestateSource: COSTARFeb 23rd, 2017Related News

What Impact Will Rising Interest Rates Have on Continued Apt. Rental Rate, Occupancy Growth?

If you're a multifamily property investor, you may be understandably conflicted over the prospect that Federal Reserve Chairman Janet Yellen and her fellow central bank governors are expected to rais.....»»

Category: realestateSource: COSTARFeb 23rd, 2017Related News

Whole Foods Shrinking Store Count Amid Early Signs of Attrition in Increasingly Crowded Specialty Grocery Sector

After becoming the darlings of shopping center developers and fast-tracking expansion plans, national organic and specialty grocers such as Whole Foods Market Inc. (NASDAQ: WFM) and several regional .....»»

Category: realestateSource: COSTARFeb 23rd, 2017Related News

Beacon Hits Jackpot; Brings in GIC as Investment Partner in $1 Billion DC Office Portfolio

In a stunning development, Beacon Capital Partners has arranged to sell more than 2.1 million square feet of office properties in the Washington D.C. metro with an aggregate value of more than $1.05 .....»»

Category: realestateSource: COSTARFeb 23rd, 2017Related News

Tesla Expects to Finalize Locations for Up to Three More "Gigafactories" This Year

Tesla, Inc. expects to finalize locations for two and possibly three more Gigafactories this year as the Palo Alto, CA-based electric vehicle maker prepares to begin production of its much anticipat.....»»

Category: realestateSource: COSTARFeb 23rd, 2017Related News

Mack-Cali Puts Large Office Portfolio Under Contract in Pivot to Closer-In NYC Suburban Markets

Moving to divest its office holdings in southern and central New Jersey, Mack-Cali Realty Corp. (NYSE: CLI) has contracted to acquire more than 1 million square feet of space in the closer-in norther.....»»

Category: realestateSource: COSTARFeb 22nd, 2017Related News

REITs Expected to Keep Selling Properties to Fund Development Pipelines

The nation’s publicly traded REITs are projecting to remain net sellers again this year with current disposition plans announced by 39 major REITs calling for the sale of more than $15 billion in p.....»»

Category: realestateSource: COSTARFeb 22nd, 2017Related News

Swedish Pension Fund Alecta Completes $2.1 Billion Sale of US, UK Portfolio

Completing its plan to divest direct property investments outside its home country, Swedish pension fund Alecta finalized the sale of a 47-property portfolio of office, retail, multifamily and indust.....»»

Category: realestateSource: COSTARFeb 21st, 2017Related News

Ashford Hospitality Launches Hostile Takeover of FelCor Lodging in REIT Consolidation Move

After months of direct negotiations failed to produce an agreement, Ashford Hospitality Trust (NYSE: AHT) today went public with its bid for rival lodging REIT, FelCor Lodging Trust (NYSE: FCH), launc.....»»

Category: realestateSource: COSTARFeb 21st, 2017Related News

Office Lease Up (February 21) Spotify to Relocate, Expand HQ at Silverstein"s 4WTC

Digital music service Spotify has signed a 378,000-square-foot lease covering 11 floors in one of the new World Trade Center towers in New York City for the new location of its US headquarters. S.....»»

Category: realestateSource: COSTARFeb 21st, 2017Related News

Mitsui to Invest up to $550 Million in CIM Group

In its first investment in the U.S. real estate asset management market, Tokyo-based Mitsui & Co. Ltd. agreed to acquire a 20% stake in Los Angeles-based CIM Group LLC. As part of the agreement, Mit.....»»

Category: realestateSource: COSTARFeb 21st, 2017Related News

Canada Pension Plan Buying Interest in Houston Office Portfolio

The Canada Pension Plan Investment Board (CPPIB) agreed to acquire a major stake in an 11-building Houston office portfolio consisting of Greenway Plaza and Phoenix Tower from Parkway Inc. for $141 mi.....»»

Category: realestateSource: COSTARFeb 21st, 2017Related News

Mapletree Acquires Oakwood Worldwide

In a move to step up its acquisition and development of corporate housing, Singapore-based Mapletree Investments Pte Ltd. has acquired Los Angeles-based Oakwood Worldwide for an undisclosed price. .....»»

Category: realestateSource: COSTARFeb 20th, 2017Related News

Mitsui To Invest up to $550 Million in CIM Group

Tokyo-based Mitsui & Co. Ltd. and CIM Group LLC have agreed to enter into a strategic partnership whereby Mitsui will acquire a 20% interest in CIM, a full-service US urban real estate and infrastruct.....»»

Category: realestateSource: COSTARFeb 20th, 2017Related News