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Updated: 20 hours 9 min ago
March 8, 2010 - 05:44
In this week's edition of In The Pipeline, Forest City's Atlantic Yards mixed-use project is scheduled to finally break ground this week. Meanwhile, another long delayed development project, the Guasti Historic District in Ontario, CA,has begun with...
March 7, 2010 - 20:06
This week in the Retail Roundup, CoStar reports on expansions or new concepts at TJX Companies and Kohl's; closings, cutbacks, bankruptcy, default, receivership or foreclosure news at Swoozie's and the Northgate Mall; acquisition, merger, loan, sale...
March 5, 2010 - 03:54
Elbit Plaza USA, a new real estate investment venture jointly formed by Elbit Imaging and Plaza Centers N.V., has entered into a co-investment agreement with Eastgate Property, an affiliate of international real estate fund manager, NCH Capital. Specifically...
March 4, 2010 - 23:17
Gil Borok was promoted to chief financial officer of CB Richard Ellis Group Inc. He takes over from Bob Sulentic who will continue as CBRE’s president running day-to-day operations and principal business activities worldwide. Both will report to CEO Brett...
March 4, 2010 - 21:15
Oakbrook, IL-based Inland Real Estate Acquisitions, Inc., the purchasing arm of The Inland Real Estate Group of Companies, Inc., completed the acquisition of a portfolio of 16 shopping centers totaling 3.5 million square feet. The REIT acquired the portfolio...
March 4, 2010 - 06:00
U.S. Bankruptcy Court Judge Allan Gropper granted General Growth Properties an additional 120-day exclusive window to file its bankruptcy reorganization plan. The four-month extension is less than the 180 days that General Growth requested, but is significantly...
March 3, 2010 - 21:17
Large dollar property sales seem to be emitting faint sparks of hope for the commercial real estate outlook so far in 2010, particularly in the multifamily and hospitality sectors.
To be certain, the number of property sales with price tags of $5 million...
March 3, 2010 - 21:15
While multifamily vacancy rates are expected to stabilize in certain markets, Fitch Ratings' outlook for the sector in the near-term remains negative. Although vacancy rates are expected to reach their peak of 8.9% in 2010, rents will take longer to recover...
March 3, 2010 - 21:03
Pacific Western Bank in San Diego, CA, sold 61 non-covered adversely classified loans totaling $323.6 million, which includes $107.6 million of nonaccrual loans, to an institutional buyer for $200.6 million in cash - or about 62 cents on the dollar.
Among...
March 3, 2010 - 05:03
CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial...
March 3, 2010 - 02:40
Add store closings to the list of categories where 'less bad' has become the 'new good.'
The International Council of Shopping Centers (ICSC) issued its latest semi-annual report on store closings and found that the huge wave of store closures that...
March 3, 2010 - 01:50
Commercial real estate development and construction activity continued to plumb new depths in 2010, according to new government data. And a leading indicator of future construction activity finds even fewer projects on the drawing boards.
According...
March 1, 2010 - 22:02
LaSalle Hotel Properties, a Bethesda, MD-based hotel REIT, purchased the Sofitel Washington, DC Lafayette Square for $95 million. Gem Realty Capital Inc., a real estate investment company headquartered in Chicago, sold the 237-room property at 806 15th...
March 1, 2010 - 21:08
Peerless Industries is consolidating operations, inking a full-building lease just west of Chicago. The manufacturer of television and speaker mounts plans to add about 85 jobs over the next three years, and retain its 405 local employees.
Peerless...
March 1, 2010 - 02:34
Liberty International Plc, the largest owner of shopping centers in the U.K., is considering selling off its U.S. office buildings and malls in an effort to reduce its U.S. exposure, according to a Feb. 24 report from Bloomberg.
Bloomberg identified...
February 28, 2010 - 21:49
Keeping with the ongoing contraction of the traditional movie rental retail business, Blockbuster Inc. (NYSE: BBI, BBI.B) said it would close 500 to 545 of its company-owned U.S. retail stores during 2010. To date, the retailer has already closed 253...
February 24, 2010 - 21:17
The amount of distressed commercial real estate assets on the books of the nation's banks and thrifts approached $60 billion as of year-end 2009. That is up from $52 billion just three months earlier, a 15% increase.
The $59.9 billion includes loans...
February 24, 2010 - 21:15
Starwood Property Trust agreed to acquire a $503 million portfolio of performing commercial mortgages from TIAA-CREF for approximately $510 million, plus accrued interest.
The fixed-rate portfolio consists of 18 senior first mortgage A-notes and two...
February 24, 2010 - 21:13
International real estate investment and services investment firm Kennedy Wilson has acquired a $342 million loan portfolio from a large regional bank.
The loan portfolio is composed of residential, hotel, retail, office, land, multifamily and other...
February 24, 2010 - 21:03
In an attempt to hang on to every penny Citizens First Bancorp Inc., the Port Huron, MI-based holding company for CF Bancorp, has voluntarily delisted its common stock from the NASDAQ stock exchange.
The decision to delist is part of the company's...