Going The Extra Mile to Lease Retail Space in Today’s Market
July 9th, 2009The job of retail leasing brokers has become more challenging than ever in today’s commercial real estate market. That said, deals — while much fewer and further between — are still getting done. So what does it take to lease that vacant shopping center…
Biotech, Lab Properties Feeling Recession’s Pinch
July 8th, 2009Evidence that the life science property sector is not immune to the economic ills plaguing broader markets has accumulated steadily in the first half of 2009. Two of the most vivid examples of the economic forces facing the biotech and life science real…
Bank Watch: Deteriorating CRE Quality Cited as Reason for Loan Loss Boost at WI’s Associated Bank
July 8th, 2009Associated Banc-Corp, parent company of Associated Bank in Green Bay, WI, said it expects to record a provision for loan losses between $145 million and $160 million for the second quarter of 2009, which may result in a loss in the second quarter. Second…
Lease Cancellations: Anchor Blue Leaving Some Landlords Blue
July 8th, 2009Altus Pharmaceuticals Inc. amended its leases for two facilities in Waltham, MA. It will vacate its facility at 333 Wyman St. where it leased 83,405 square feet and consolidate into 610 Lincoln St. where it previously leased 63,880 square feet; that square…
Closures & Layoffs: Look for Newspapers To Ditch In-House Printing Ops
July 8th, 2009Kenosha News in Kenosha, WI, filed notice that it will close its printing and packaging departments at 5800 Seventh Ave. in Kenosha on Aug. 30. While the layoff will affect just a few more than 50 employees, by all indications a string of such occurrences…
Takeovers & Tenancy: $3.5 Bil. Towers Watson Merger Could Mean Consolidation in Major Cities
July 8th, 2009In this week’s issue:
Towers Perrin and Watson announce a $3.5 billion partnership
Dow Chemical’s merger with Rohm and Haas leaves 2,500 people jobless
Boeing takes over Vought’s operations in South Carolina
@properties moves into property management…
Go The Extra Mile to Lease Retail Space in Today’s Market
July 8th, 2009The job of retail leasing brokers has become more challenging than ever in today’s commercial real estate market. That said, deals — while much fewer and further between — are still getting done. So what does it take to lease that vacant shopping center…
Tsakopoulos Delivers 433,000-Sq-Ft Bank of the West Tower in Sacramento
July 8th, 2009Tsakopoulos Investments has completed development of Bank of the West Tower, a 25-story, 433,000-square-foot Class A office tower at 500 Capitol Mall in downtown Sacramento. It’s the third-tallest building in the Golden State’s capital city.
Rudolph…
CBRE Plays Matchmaker for Building Owners, LEED-EB
July 8th, 2009Roughly one out of every 12 buildings that is currently registered for LEED for Existing Buildings (LEED-EB) certification was enrolled by CB Richard Ellis, according to figures released Tuesday by the commercial real estate services firm.
A shade…
IN THE PIPELINE: CoStar Development and Construction News for July 5-11
July 7th, 2009In this week’s edition of In The Pipeline, Campbell Soup Co. completes the land assemblage for its 100-acre office park in Camden, NJ; drug company Pfizer has halted plans to lease life science space in a new building in San Francisco’s Mission Bay; after…
