CoStar Convenes Experts to Discuss Opportunities, Challenges of Green Building
June 18th, 2009If the energy consumption of commercial buildings was likened to the fuel efficiency of cars and trucks, it would look something like this: one quarter of Americans currently work in buildings that are the equivalent of a Toyota Prius or other type of…
CoStar Convenes Experts To Discuss Opportunities, Challenges of Green Building
June 18th, 2009If energy consumption of commercial buildings was likened to the fuel efficiency of cars and trucks, It would look something like this: a quarter of Americans work in buildings on par with a fuel-efficient Toyota Prius, while the remaining three-quarters…
In NBA Renewal, a Home Court Advantage
June 18th, 2009The National Basketball Association renewed the lease on its corporate offices in New York’s Olympic Tower, its home for more than three decades.
It occupies more than 153,000 square feet on seven floors in the Fifth Avenue building, which is between…
Arlington County Projected to Save $22M with DHS Relocation
June 18th, 2009The Arlington County Department of Human Services (DHS) is relocating, a move that is estimated to save the local government agency more than $22 million.
The DHS signed a 13-year, 144,740-square-foot lease with Foulger-Pratt at Sequoia Plaza One…
Eddie Bauer Files Bankruptcy; Private Equity Comes Through With $220M Offer
June 18th, 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…
Despite Promising Signs, Many Wary that Recession’s Knockout Punch Could Still Come
June 17th, 2009The End Is Near (for This Recession).
So read some of the economic placards that have been trotted out in policy statements these days with catchphrases such as ‘Sustainable Recovery.’ ‘Recession Is Coming To An End.’ ‘Policy Actions Having an Effect…
Bank, CMBS Defaults Continue Record Setting Increases
June 17th, 2009The default rate of U.S. commercial real estate bank loans reached its highest level in 15 years and is not expected to peak until 2011, according to a report by Real Estate Econometrics.
During the first quarter 2009, the national default rate for…
Bank Watch (June 14-20): Two Alabama Banks Hit with Cease & Desist Orders
June 17th, 2009Colonial Bank in Montgomery, AL, was hit with a cease and desist order by the Federal Deposit Insurance Corp. (FDIC) and the Alabama State Banking Department.
Colonial agreed to address various financial condition and performance issues. Among other…
Lease Cancellations (June 14-20): Z Gallerie To Cancel 25 Store Leases
June 17th, 2009Z Gallerie, a Los Angeles-based eclectic home furnishings, art and accessories retailer, has asked the U.S. Bankruptcy Court to cancel leases on 25 closed stores across the country. The retailer currently operates 77 stores in 24 states that, according…
Closures & Layoffs (June 14-20): More Tech Downsizings
June 17th, 2009National Layoffs
AMR Corp. parent of American Airline plans to reduce mainline seating capacity by 7.5% in 2009 versus 2008, compared to previous expectations for a 6.5% year-over-year decline. The company did not specify how many jobs would be at risk…
