IN THE PIPELINE: CoStar Development and Construction News for July 19-25
July 21st, 2009This week’s edition of In The Pipeline includes a report on the unveiling of a long-planned development in Hollywood, CA, that will house the famed Madame Tussauds wax museum; also in L.A., movie and TV camera maker Panavision searches for a new site…
CoStar Acquires PPR, Global Real Estate Analysis and Market Forecasting Leader
July 20th, 2009CoStar Group, Inc. (Nasdaq:CSGP) this week announced the acquisition of Property and Portfolio Research, Inc. (PPR), a leading, independent provider of global real estate analysis, market forecasts and credit risk analytics to the commercial real estate…
Home Sweet (Platinum) Home for USGBC
July 20th, 2009The U.S. Green Building Council said Monday it has earned LEED Platinum certification, the program’s highest sustainability rating, for its new headquarters in downtown Washington, DC.
USGBC occupies 75,000 square feet on the fifth and sixth floors…
CoStar’s Retail News Roundup: Jul. 19 to Jul. 25, 2009
July 20th, 2009This week in the Retail Roundup, CoStar reports on expansions or new concepts at Bebe and Levi Strauss; new retail development news inGA and NJ; acquisition, merger, loan or sale activity at Regency and Macquarie, Racetrac Petroleum, and Golden Gate and…
Macquarie Selling 75% Interest in 86 U.S. Centers for $1.3 Billion
July 20th, 2009On July 17, Australia-based Macquarie CountryWide Trust (“MCW”) announced that agreements were reached to sell its 75% interest in a portfolio of 86 U.S. shopping centers it owns with Regency Centers (NYSE: REG) for a total sale price of $1.3 billion…
Clif Bar Takes 115,000 SF in Emeryville
July 20th, 2009Clif Bar & Co. signed a 15-year lease at the EmeryTech Centre for 115,000 square feet. The company’s headquarters will move from Berkeley, CA, to 1400 65th St. in Emeryville.
Clif Bar, an environmentally conscious, health food company, plans to move…
Cliff Bar Takes 115,000 SF in Emeryville
July 20th, 2009Clif Bar & Co. signed a 15-year lease at the EmeryTech Centre for 115,000 square feet. The company’s headquarters will move from Berkeley, CA, to 1400 65th St. in Emeryville.
Clif Bar, an environmentally conscious, health food company, plans to move…
REIT To Pay $162M for Greenville Hospital System Assets
July 16th, 2009Grubb & Ellis Healthcare REIT, a California-based medical-office and healthcare real estate investment trust, agreed to purchase 16 buildings in Greenville, SC, from Greenville Hospital System for $161.63 million, or approximately $189 per square foot…
FDIC Moving HQ to Empire State Building
July 15th, 2009The Federal Deposit Insurance Corp. (FDIC) is moving its headquarters to the Empire State Building.
The government insurer signed a 10-year lease for 102,960 square feet in the iconic Manhattan office tower. The FDIC plans to relocate from 20 Exchange…
Mortgages Making Money Again for Life Insurers, At Least for Now
July 15th, 2009Returns on private commercial mortgages held by life insurance companies rebounded into positive territory in first quarter 2009 after two consecutive quarters of negative returns, according to the LifeComps Commercial Mortgage Index. First quarter’s…
