Nike Signs 817,300-SF Renewal In Memphis
May 13th, 2009Nike Inc. signed an 817,274-square-foot lease renewal at 8400 Winchester Road in Memphis. The popular athletic shoe manufacturer will remain the building’s sole tenant for another five years.
The Nike Distribution Center was built in 1982 in the Southeast…
IN THE PIPELINE: CoStar Development News for May 10-16
May 13th, 2009In this week’s edition, Kaiser Permanente breaks ground on a replacement hospital and supporting facilities in Fontana, CA. Meanwhile, in another healthcare project, San Diego-based healthcare real estate developer Pacific Medical Buildings is getting…
Expansions, Relocations & Extensions (May 10-16): Ford Thinks Big, Builds Small
May 13th, 2009In this week’s issue:
Ford unveils its $550 million consolidation plan in Detroit
GSA renews a 310,000-square-foot lease near the Pentagon
ADP stays in its namesake building in Portland
U.S. Bank continues its southern California expansion
Marcum…
Falcon’s Jack Miller On Prospects for More Foreign Investment in US Real Estate
May 13th, 2009In 1991, at the height of a previous real estate recession, Howard Hallengren and Jack Miller left Chase Manhattan Bank to found Falcon Real Estate Investment Co. LP, a New York City-based company that specializes in working with international investors…
Government Renews 310,000 SF Near Pentagon
May 13th, 2009The U.S. General Services Administration signed a lease renewal for more than 310,000 square feet at the Jefferson Plaza office complex in Arlington, VA, the property’s owner, real estate firm Lowe Enterprises, said Wednesday.
The complex, comprised…
Updated: General Growth Properties Files for Bankruptcy Protection
May 12th, 2009General Growth’s DIP Financing Approved, May 13, 2009
The U.S. Bankruptcy Court for the Southern District of New York approved $400 million of debtor-in-possession financing that General Growth said would be used to refinance certain pre-petition secured…
CoStar’s Retail News Roundup: May 10 to 16, 2009
May 11th, 2009This week in the Retail Roundup, CoStar reports on expansions or new concepts at Merlin Entertainment Group, Big Lots, Twenty-Three, Steak n Shake, and Fresh & Easy; new retail development news in NH and CA; acquisition, merger, loan or sale activity…
Ford Thinks Big, Builds Small with $550M Plan
May 10th, 2009As part of a continuing effort to reinvent itself amidst the financial crisis, Ford Motor Co. is spending $550 million to convert its Michigan Assembly Plant in western Detroit from a gas-guzzling SUV factory into a production facility for smaller, fuel…
