Cobalt Spends $57M on 2 Atlanta Portfolios
June 24th, 2009Cobalt Capital Partners purchased a 1.7 million-square-foot industrial portfolio in Atlanta for $47.8 million. Prudential Insurance Co. of America sold the nine buildings in Shawnee Ridge business park for approximately $28 per square foot. Cobalt, a…
Former Grubb Exec Joins FirstService CRE
June 23rd, 2009Former Grubb & Ellis executive Dylan E. Taylor will take the reins of the U.S. operations of FirstService Commercial Real Estate.
Taylor was named president on Tuesday in an announcement by FirstService Commercial Real Estate, the real estate company…
IN THE PIPELINE: CoStar Development News for June 21-27
June 23rd, 2009In this week’s edition, St. John Properties will take over development of a 413-acre project at Aberdeen Proving Grounds, MD from embattled developer Opus East; officials say roll ’em to a $500 million film and television studio in Plymouth, MA. In Central…
IN THE PIPELINE: CoStar Development News for June 21-28
June 23rd, 2009In this week’s edition, officials say roll ’em to a $500 million film and television studio in Plymouth, MA. In Central California, Famous Footwear opens a major distribution center in the Tejon Industrial Center in Kern County; famed architect Santiago…
St. John To Take Over for Opus at MD Army Base Development
June 23rd, 2009Baltimore-based St. John Properties Inc. announced Tuesday it will replace financially troubled Opus East LLC as developer of a planned 413-acre business park at Aberdeen Proving Ground, MD.
The Government and Technology Enterprise Enhanced Learning…
St. John to Take Over For Opus at MD Army Base Development
June 23rd, 2009Baltimore-based St. John Properties Inc. announced Tuesday it will replace financially troubled Opus East LLC as developer of a planned 413-acre business park at Aberdeen Proving Ground, MD.
The Government and Technology Enterprise Enhanced Learning…
CoStar’s Retail News Roundup: Jun. 21 to 27, 2009
June 22nd, 2009This week in the Retail Roundup, CoStar reports on expansions or new concepts at Aeropostale, Perry Ellis and Cubavera, and H-E-B; new retail development news in NV and NC; acquisition, merger, loan or sale activity at Jimmy Jazz and Man Alive, Filene…
Expansions, Relocations & Extensions (June 21-27): Three Major Deals Near DC, Plus One Slam Dunk in New York
June 22nd, 2009In this week’s issue:
The NBA scores a major renewal in New York
Arlington County saves millions by relocating its DHS programs
Deloitte and CEB agree to a 171,000-square-foot sublease
The FDA renews in Rockville, MD
Trek Bicycle reaches the finish…
UPDATED: Eddie Bauer Files Bankruptcy; Private Equity Comes Through With $220M Offer
June 22nd, 2009Eddie Bauer, outdoor apparel and accessories retailer with a rich, 89-year history and 371 stores in the U.S. and Canada, filed bankruptcy on June 17, 2009 at both U.S. and Canadian courts. The company listed approximately $476 million in assets and…
Abercrombie & Fitch Liquidating 29-Store Ruehl Chain
June 18th, 2009Specialty apparel retailer, Abercrombie & Fitch (NYSE: ANF) is discontinuing its Ruehl division. The retailer is closing all of its 29 Ruehl stores by the end of 2009.
Abercrombie launched the Ruehl brand in late 2004 with the first store opening…
