Closures & Layoffs (June 28-July 4): Imperial Shutting Down Just-Rite Supply
July 1st, 2009Imperial Industries Inc. has terminated and discontinued all operations of its Just-Rite Supply Inc. distribution facilities. Based in Pompano Beach, FL, Just-Rite will be sold and liquidated.
Just-Rite distribution facilities typically consist of…
Opus Opts to Liquidate Opus East and Put Opus West into Chapter 11
July 1st, 2009The Opus Group today announced that two more of its independent operating companies will join Opus South in bankruptcy. Opus East, LLC and certain related subsidiaries filed for Chapter 7 liquidation, while Opus West plans to file for Chapter 11 reorganization…
Opus Opts to Liquidate Opus East; Put Opus West into Chapter 11
July 1st, 2009The Opus Group today announced that two more of its independent operating companies will join Opus South in bankruptcy. Opus East, LLC and certain related subsidiaries filed for Chapter 7 liquidation, while Opus West plans to file for Chapter 11 reorganization…
Bank of the West Signs 240,000-Sq-Ft Lease to Consolidate East Bay Offices
July 1st, 2009San Francisco-based Bank of the West has signed a long-term lease for 240,000 square feet of office space in San Ramon, CA, where it will consolidate 1,600 employees. The transaction is the largest new lease on the West Coast this year and among the largest…
Capstar, Cambay On Track to Deliver Giant Texas Data Center in 1Q 2010
July 1st, 2009Dallas-based Capstar Commercial Real Estate Services and Walnut Creek, CA-based Cambay Group announced this week they’re planning to deliver the first phase of 3000 Skyline Dallas early next year. At 770,000 square feet, the project is one of the largest…
Property Finance: BofA Tower Receives $1.3 Billion Loan
July 1st, 2009In this week’s issue:
Bank of America and Durst secure a $1.3 billion loan
Plus we give you new property finance deals and a valuable leads list of lenders on recent office building acquisitions
BofA Tower Receives $1.3 Billion Loan – from BofA
Bank…
Property Finance (June 28 – July 4): BofA Tower Receives $1.3 Billion Loan
July 1st, 2009In this week’s issue:
Bank of America and Durst secure a $1.3 billion loan
Plus we give you new property finance deals and a valuable leads list of lenders on recent office building acquisitions
BofA Tower Receives $1.3 Billion Loan – from BofA
Bank…
Low Point on High Streets: Elite Retail Corridors Feeling Effects of Recession
July 1st, 2009During the first half of this recession, retail buildings housing luxury retailers that line the world’s “prime fashion corridors” were often touted as “immune” to the plummeting sales per square foot trends that mainstream retailers were suffering from…
Low Point on High Streets: Even Elite Retail Corridors Not Immune to Recession
July 1st, 2009Buoyed by a strong base of extremely loyal, high income shoppers, and with little or no direct competition in their local markets, luxury retailers located on the world’s “prime fashion corridors” have long enjoyed sales that rank among the highest per…
Affiliate of Neverland Owner Colony Capital Files for IPO to Buy Troubled Assets
July 1st, 2009Colony Financial Inc., a newly formed subsidiary of Century City, CA-based real estate investment company Colony Capital, LLC, is launching an initial public offering to buy distressed commercial real estate debt and other assets, according to a June…
