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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.
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CoStar Repeat Sale Indices: Distress Contributing to a 'Shaky Bottom' for CRE Sales, Pricing

September 1, 2010 - 20:43
The CoStar Commercial Repeat-Sale Indices (CCRSI), produced by CoStar Group, found that investment-grade property continued to decline in value for the second straight month in July. Property of sufficient quality and size for inclusion in large institutional...

Tenants, Landlords Could Face Dramatic Changes from New Lease Accounting Rules

September 1, 2010 - 20:25
Northrop Grumman Corp.'s decision in July to relocate its corporate headquarters from Los Angeles to a 14-story, 334,385-square-foot building it acquired in Falls Church, VA, was a huge economic development victory for Fairfax County and the state of...

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

September 1, 2010 - 20:12
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...

Latest CMBS Data Show More Secondary Markets Doing Better Than Some Larger Markets

August 31, 2010 - 20:14
The summer has brought little relief to metro areas experiencing the most distress on loans held in the commercial mortgage-backed securities (CMBS) universe. However, two markets have seen a noted improvement in their respective levels of CMBS loan distress...

Deloitte Leases 166,435 SF in San Francisco

August 31, 2010 - 19:23
Deloitte finalized its 15-year, 166,435-square-foot lease with Tishman Speyer at 555 Mission St. in San Francisco. The major international accounting and consulting firm will occupy nine full floors (four through seven and 10-15) with a move in date scheduled...

In The Pipeline: CoStar Development and Construction News for Aug. 29 - Sept. 4

August 31, 2010 - 06:06
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...

Lease Down (Aug. 29 - Sept. 4): Northrop Grumman, Aviat Continue to Downsize

August 30, 2010 - 23:47
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...

Lease Up (Aug. 29 - Sept. 4): BP Selects Memphis Facility to Store Gulf Cleanup Materials

August 30, 2010 - 02:43
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)

August 26, 2010 - 20:19
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...

Cornerstone, Kettler Sell Pentagon City Multifamily for $125M

August 26, 2010 - 00:59
Cornerstone Real Estate Advisers LLC and Kettler sold the Metropolitan at Pentagon City, a 325-unit multifamily complex at 901 S. 15th St. in Arlington, VA, to Invesco for $125 million. Invesco paid $111.7 million, or about $343,700 per unit, for the...

Eight Takeaways on the Current State of Distress Opportunities

August 25, 2010 - 20:15
Since the start of 2009, buyers and sellers have transacted about $16.5 billion in distressed commercial real estate sales. Certainly more are expected to follow. Banks and CMBS special servicers are currently dealing with nearly $290 billion in distressed...

Bank Watch: Regulators Close Seven Banks with $4.4 Bil. in Assets

August 25, 2010 - 20:13
The Federal Deposit Insurance Corp. (FDIC) lined up five buyers for seven newly closed banks this past week. Together the seven failed banks reported distressed commercial real estates of nearly $548 million combined. Summary of the seven banks deals...

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

August 25, 2010 - 20:12
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...

Speculation Rising Over Impact of Expiring Capital Gains Tax Cuts on CRE Sales

August 25, 2010 - 01:44
The debate over tax cuts enacted in 2001 is expected to heat up when the U.S. Senate reconvenes in September after its summer recess. The maximum tax rate on capital gains and dividends will revert from the current 15%, a 70-year low, back to 20% on Jan...

STG Leases 111,900 SF at Reston Town Center

August 25, 2010 - 01:11
STG, a contractor that provides IT services to the U.S. government, signed a 10-year office lease for 111,896 square feet at 12011 Sunset Hills Road in Reston, VA. The 12-story property totals 321,394 square feet in One Reston Overlook in the Reston...

InComm Expands to 186,000 SF in Downtown Atlanta

August 25, 2010 - 00:20
InComm signed an expansion deal that nearly doubled its space from 95,000 square feet to 186,000 square feet at the American Cancer Society Center in Atlanta. The stored-value gift and prepaid products marketer and distributor, a 14-year tenant of the...

Survey: Recession Weakens 'NIMBY' Resistance to New Development Projects

August 24, 2010 - 21:53
Even as the level of new development and construction has fallen to historic lows nationally, a recent study suggests that recession-stung Americans appear to be more willing to support new commercial projects in their communities. That would be a rare...

Abercrombie & Fitch Shuttering 110 Stores, GM Shrinks Real Estate Holdings, More Retailer Right-Sizings

August 24, 2010 - 21:21
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. 22 - 28

August 24, 2010 - 05:15
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...

Boston Properties to Acquire 510 Madison

August 24, 2010 - 00:54
Boston Properties said Monday 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 the principal and accrued interest on the office tower's senior mortgage and...

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