Hotel Woes: Lightstone’s Extended Stay Chain Files for Bankruptcy
June 17th, 2009The news this week that Extended Stay Hotels filed for Chapter 11 protection citing $7.1 billion in assets against $7.6 billion in liabilities drew few surprises in the commercial real estate industry — though many were struck when David Lichtenstein…
Lightstone’s Extended Stay Hotels Files for Bankruptcy
June 17th, 2009The news this week that Extended Stay Hotels filed for Chapter 11 protection citing $7.1 billion in assets against $7.6 billion in liabilities drew few surprises in the commercial real estate industry — though many were struck when David Lichtenstein…
Vornado and Syms Partner to Save Iconic Retailer Filene’s Basement
June 17th, 2009What a difference a week can make. On June 5, 2009, an affiliate of Houston-based Men’s Wearhouse (NYSE: MW) emerged as the winning bidder in a bankruptcy auction of iconic off-price department store retailer, Filene’s Basement’s assets. The men’s apparel…
Expansions, Relocations & Extensions (June 14-20): Farmers and Roskam Expand in West Michigan
June 16th, 2009In this week’s issue:
Farmers and Roskam expand in West Michigan
NOL moves its Americas HQ to Scottsdale
3com inks a $36.6 million lease near Boston
QinetiQ signs a 121,00-square-foot lease in Virginia
Tree of Life leases 312,000 square feet
Dean…
The Green Building Review: Limited’s Lighting and Greenbuild 2009
June 16th, 2009Limited Brands, the owner of Victoria’s Secret and Bath & Body Works, has completed a lighting retrofit at three of its Ohio distribution centers, cutting energy consumption from lighting in half at those properties. Limited installed three different…
Maguire Completes Sale of 3161 Michelson
June 16th, 2009Maguire Properties, one of California’s largest but also most financially troubled REITs, sold 3161 Michelson in Irvine to an affiliate of the New York-based Emmes Group of Cos.
Maguire said in a filing Tuesday that the sale was valued at $160 million…
Farmers, Roskam Launch Major Expansions in West Michigan
June 15th, 2009Farmers Insurance Group and Roskam Baking Co. are expanding operations in West Michigan, creating an estimated 3,100 jobs for the Grand Rapids region.
Farmers’ $84.4 million investment includes the construction of a new 175,000-square-foot office building…
IN THE PIPELINE: CoStar Development News for June 14-20
June 15th, 2009In this week’s issue, Denmark-based medical product manufacturer Coloplast holds a grand opening for its new U.S. headquarters in Minneapolis; General Mills breaks ground on a new distribution facility near Atlanta; a medical real estate developer partners…
IN THE PIPELINE: CoStar Development News for June 15-21
June 15th, 2009In this week’s issue, Denmark-based medical product manufacturer Coloplast opens a new U.S. headquarters in Minneapolis; General Mills breaks ground on a new distribution facility near Atlanta; a medical real estate developer partners with a healthcare…
CoStar’s Retail News Roundup: Jun. 14 to 20, 2009
June 15th, 2009This week in the Retail Roundup, CoStar reports on expansions or new concepts at Costco, Smart Buys, CVS ; new retail development news in NY; acquisition, merger, loan or sale activity at Benderson and Developers Diversified, Centro Properties Group,…
