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Updated: 5 hours 47 min ago

CRE Revisited, or Learning To Love the Collapse

June 2, 2010 - 20:15
Despite real near-term challenges -- and in some ways because of them -- there is a compelling case for private real estate in a diversified portfolio, according to Philip Conner, U.S. office principal of Prudential Real Estate Investors in a new report...

Bank Watch: EverBank Picks Up $1.3 Billion in Assets from 3 Failed Florida Banks

June 2, 2010 - 20:13
EverBank Financial Corp. in Jacksonville, FL, acquired all the deposits, substantially all of the assets, and certain liabilities of three Florida banks operating under the umbrella of Bank of Florida Corp. The three banks, Bank of Florida - Southwest...

This Week in Retail: Toys R Us Files $800 Million IPO

June 2, 2010 - 20:12
Toys R Us Inc. filed a preliminary registration statement this past week with the U.S Securities and Exchange Commission for a proposed initial public offering of its common stock. The offering will consist of newly issued shares but the number and price...

Real Money: Capital Raisings

June 2, 2010 - 20:11
Cedar Fair Entertainment Co. in Sandusky, OH, plans to offer $500 million aggregate principal amount of senior unsecured notes due 2020 and is also launching the syndication of new senior secured credit facilities. The company intends to use the net proceeds...

Rockefeller Group Delivers LEED Gold General Mills Distribution Ctr

June 2, 2010 - 00:19
Rockefeller Group Development Corp. announced today it has wrapped up work on its 1.5-million-square foot distribution center built for General Mills in Social Circle, GA. The New York-based real estate owner and developer says the building located about...

Real Estate Groups Warn That Carried Interest Tax Could Harm Recovery

June 1, 2010 - 21:17
Legislation changing the tax treatment of so-called carried-interest income by investment partnerships will result in tax hikes that could discourage commercial real estate ventures from making investments -- and possibly put the brakes to a fledgling...

Lease Up/Lease Down (May 30 - June 5): HP Laying Off 9,000, Hiring 6,000

May 31, 2010 - 20:23
Editor's Note: This week, I will be attending the NAREE Conference in Austin, TX, to accept an award for last year's special report, Landlords Offer Major Perks in Uncertain Market. As a result, Lease Up and Lease Down have been condensed, and will...

CoStar's People of Note (May 23-29)

May 27, 2010 - 20:16
This week's People of Note includes the following markets: Atlanta, Charlotte, Houston Los Angeles, New York City and Retail LOS ANGELES, RETAIL Champion Targets $500M in Retail Acquisitions; Boss to Lead Initiative Champion Real Estate Co. announced...

In The Pipeline: CoStar Development and Construction News for May 23 - 29

May 27, 2010 - 05:45
This week's edition of In The Pipeline, BioBAT, a huge proposed bioscience facility at the 97-acre Brooklyn Army Terminal, has moved onto the architect’s drawing board; New York City Schools last week broke ground on a $500 million mixed-use development...

RXR Acquiring Interest in 340 Madison

May 26, 2010 - 23:10
RXR Realty is under contract to purchase a 49 percent stake in 340 Madison in Manhattan from D.E. Shaw Group. The real estate firm is paying $279.3 million, based on a property valuation of $570 million. RXR is expected to assume day-to-day management...

CRE Lending Remains Constricted, but Loosening for Office and Retail

May 26, 2010 - 20:17
On an absolute level, commercial real estate lending remained depressed through the first quarter of 2010 and loan portfolio credit quality further weakened. However, there were significant variations between lenders, property types and borrowers. Overall...

This Week In Retail: Confidence Picks Up as Retailers Plan Store Openings and Deal Momentum Builds

May 26, 2010 - 20:16
Nearly 70% of U.S. retailers believe that the overall economy is improving, and 92% are planning to increase store openings, according to a new survey released by CB Richard Ellis Group. One reason may be the retailers' interest in taking advantage...

Real Money: Property Financings

May 26, 2010 - 20:15
General Growth Properties Inc. restructured its Fashion Show LLC loan and Phase II Mall Subsidiary LLC loan, the final two major secured mortgage loans in its portfolio. The revised terms on the $645.9 million syndicated Fashion Show loan, which is secured...

Work Starts on Brooklyn Bioscience Facility

May 26, 2010 - 03:06
Design has begun on BioBAT, a 486,000-square-foot center for commercial bioscience on the waterfront at the 97-acre Brooklyn Army Terminal co-developed by New York City and State University of New York (SUNY). Mayor Michael R. Bloomberg, New York...

Senior Housing Experts See Rewards -- And Potential Risks -- in New Health Care Law

May 26, 2010 - 00:33
The passage of reform legislation and the prospect of millions of newly insured patients coming into the health-care system are generally seen as a net positive for medical office building owners and investors. Less tangible, however -- and more difficult...

Nowhere To Go But Up? Reports Show Signs of Improvement in Commercial Construction

May 25, 2010 - 23:42
After falling to unprecedented low levels over the past two years, nonresidential construction may be moving beyond government and public works stimulus projects into private-sector development, according to a pair of key indicators of future construction...

Lease Up (May 23-29): Tesla Partners with Toyota, Takes Over NUMMI

May 25, 2010 - 22:30
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...

Kohl’s Leases 102,000-SF Office Space

May 25, 2010 - 20:31
Kohl’s Department Stores Inc. signed a long-term lease for 102,000 square feet of office space at Myers & Crow’s Westover Office Center I in San Antonio, TX. The two-story, 102,000-square-foot, LEED Silver certified building is at 10000 Rogers Run...

Lease Down (May 23-29): Polaris Employees: On The Way Out

May 25, 2010 - 04:32
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...

Champion Targets $500M in Retail Acquisitions

May 24, 2010 - 01:03
Champion Real Estate Co. announced that it is seeking to purchase $500 million in shopping center assets located in the western U.S. by 2013 and appointed Steve Boss to spearhead the new initiative. The decision represents a change in strategy for the...

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