RISMEDIA, March 10, 2010—This week’s headlines from the NATIONAL ASSOCIATION OF REALTORS® include: 121 ways to market yourself from NAR’s Right Tools, Right Now initiative; save up to 40% on select rentals from REALTOR Benefits® Program Partner, Avis and be aware…Read More
RISMEDIA, March 10, 2010—RISMedia’s 2010 Real Estate Leadership Conference—‘The Real Estate Social Media Summit’—will provide the perfect backdrop for real estate professionals who are looking to capitalize, even in today’s challenging market.
Industry experts Brett Billington, Anita Rich, Rosemary Wes...Read More
RISMEDIA, March 10, 2010—Golden Gateway Financial, a financial resource for seniors and retirees, recently released new usage data from its online Reverse Mortgage Calculator that showed average home values for older Americans have halted their slide after remaining flat or declining…Read More
RISMEDIA, March 10, 2010—Even in a difficult market, opportunities abound—real estate professionals simply need to know where to position themselves in order to best take advantage of them. Here, Roger Soderstrom, Owner, Stirling Sotheby’s International Realty discusses how he positions his…Read More
RISMEDIA, March 10, 2010—Real estate brokerage firm, Baird & Warner launched a new interactive search tool that enhances the online experience of those looking for foreclosed property or houses, the company has announced.
According to the company, this new feature delivers…Read More
RISMEDIA, March 10, 2010—USA Cares has launched a new education course designed to provide loan officers with a clear understanding of how to work with military clients. Through the USA Cares Military Family Housing Lender Education Program-accessed online at www.usacares.org,…Read More
The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million...Read More
Bank of America plans to announce that it is eliminating $35 overdraft fees on debit-card purchases as the bank tries to stay ahead of a sweeping round of regulations...Read More
With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand....Read More
CHICAGO
UBS Renews, Consolidates in Chicago
By Andrew Deichler
UBS is extending its stay at One North Wacker Drive in Chicago, also known as the UBS Tower. The Swiss financial services firm has renewed for 400,000 square feet in the office tower.....Read More
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.....Read More
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.....Read More
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.....Read More
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.....Read More
This week's People of Note includes the following markets: Atlanta, Boston, Chicago, Dallas/Fort Worth, Houston, Los Angeles, National, Northern New Jersey, Phoenix, St. Louis and Tampa/St. Petersburg.
NATIONAL
CBRE Names CFO; Turns Over Reins of.....Read More
In a sale that may strongly signal the stabilization of Florida's troubled residential real estate market, Starwood Land Ventures LLC and Lennar Corp. finalized the purchase of 5,449 residential lots and 36 model homes in 38 Florida markets from Tousa.....Read More
Ceyden LLC acquired the Rainbow Dos Shopping Center in Hialeah, FL, from Malaga Enteprises Inc. for $1.06 million, or about $225 per square foot.
The 4,730-square-foot retail center at 3700-3724 W. Palm Ave. was built in 1983.
Jeff Stubins of New.....Read More
The CocoWalk retail center in Coconut Grove, FL, is reportedly at least three-months behind on payments to CWCapital.
CWCapital, who services the defaulted $79 million dollar loan, has already rejected two workout proposals. While moving forward.....Read More
A private buyer acquired the 22.4-acre parking lot at 2200 N.E. 7th Ave. in Dania, FL, from Park N Fly Inc. for $4.6 million, or about $205,500 per acre.
The property was leased back to Park N Fly.
No buyer or seller brokers were involved in the.....Read More
While Miami's office market vacancy rate lingers beneath the U.S.
average, it has not gone unscathed by the worldwide economic crisis.
However, law firm Bilzin Sumberg Baena Price & Axelrod L.L.P's
pre-lease of 80,000 square feet at the 576,000-square-foot 1450
Brickell office tower downtown has players in the Miami office market
game buzz...Read More
After multiple quarters of dismal investment activity, new funds and
investment entities are cropping up to capitalize on the discounted
commercial real estate assets that are hitting the market.
Atlanta-based Wood Partners L.L.C. has just entered the game, too. The
multi-family developer has expanded its business platform to include
acquisiti...Read More
The grip of the credit crunch is reportedly loosening for hopeful real
estate buyers, and investors with cash on hand are mining the market
for deals, but it is a rare occasion that a transaction involving the
general partnership interests in a multi-million-square-foot portfolio
transpires these days. Orlando-based Eola Capital, however, recen...Read More
Highwoods Properties Inc. and USAA Real Estate Co. were awarded a build-to-suit lease by the U.S. General Services Administration to develop an approximately $45 million field office for the Federal Bureau of Investigation in Charlotte, N.C. The joint venture is scheduled to begin building the 171,000-square-foot, five-story Class A office building...Read More
Post Properties Inc. sold Post Ridge in Atlanta to a locally based entity affiliated with Centennial Holding Company L.L.C. for $44.8 million following Monday's sale of Post Forest in Fairfax, Va., to an entity affiliated with Pantzer Properties Inc. for $57.5 million. CB Richard Ellis Inc. brokered the most recent transaction, while the Post Fores...Read More
Real estate firm IDI has executed a 171,800-square-foot, five-yearlease in Lithia Springs, Ga., with Sensormatic Electronics Corp., aprovider of security and fire safety products and services for thecommercial and residential sectors.
Third-party leasing and management firm Crossman & Co. has been
named the exclusive leasing representatives for all Publix-owned retail
properties in Florida, Georgia, Alabama, Tennessee and South Carolina.
Grubb & Ellis Healthcare REIT Inc. agreed to purchase a 16-building portfolio from Greenville Hospital System of Greenville, S.C., including approximately 855,000 square feet of medical office and related space, for $161.7 million. The hospital system is among the largest healthcare service providers in the state and will continue to occupy 83 ...Read More
CDS International Holdings Inc. has received approvals for its Atlantic Plaza II, a planned $325 million mixed-use community that will transform two city blocks in Delray Beach, Fla.
