Rolls-Royce to Launch $100M Aircraft Engine Parts Plant in Virginia’s Prince George Co.
September 2nd, 2009Rolls-Royce North America is ready to begin the $100 million construction of Crosspointe, its new aircraft components manufacturing facility in Prince George County, Virginia.
This first building at Crosspointe will be a 140,000-square-foot disc manufacturing…
Institutional Investors Back In Play With New Funds and REITs
September 2nd, 2009The recent rash of well-established commercial real estate companies launching investment vehicles intended to become non-traded REITs will likely provide a much-needed boost to the commercial real estate investment sales market. At this time, several…
Tranche Warfare: Mezzanine Lenders Stepping Into Foreclosure Fray
September 2nd, 2009Battles between junior and senior players in the commercial property mortgage capital stack are heating up as lenders try to avoid having their investments wiped out by the wave of troubled loans reaching maturities.
Mezzanine debt holders have been…
Samsonite Closing Up to 84 U.S. Stores in Bankruptcy
September 1st, 2009The world’s largest luggage company, Samsonite, put its U.S. retail division into bankruptcy on Sept. 2, 2009. Kyle Gendreau, the treasurer of Samsonite Company Stores and CFO of Samsonite Corp. said in a statement, “The recession caused a severe decline…
Vornado Deals 1999 K St. for $208 Million
September 1st, 2009In the Washington, DC, region’s largest property sale this year, Vornado Realty Trust has dealt its newly developed office building at 1999 K St. NW to the German investment fund Deka Immobilien Investment GmbH for nearly $208 million, or a whopping…
Commercial Real Estate Portends Crisis
September 1st, 2009Fed and Treasury officials are scrambling to prevent the commercial-real-estate sector from delivering a roundhouse punch to the U.S. economy as it struggles to recover.
The Lease Up (Aug. 30 – Sept. 5): Harley-Davidson Trims List of Relocation Sites
September 1st, 2009Editor’s Note: Expansions Relocations & Extensions is now The Lease Up. Here you will find news on companies that are bucking the trend of the recession by expanding, or taking advantage of the market by relocating. You will also find stories on businesses…
The Lease Up (Aug. 31 – Sept. 5): Harley-Davidson Trims List of Relocation Sites
September 1st, 2009Editor’s Note: Expansions Relocations & Extensions is now The Lease Up. Here you will find news on companies that are bucking the trend of the recession by expanding, or taking advantage of the market by relocating. You will also find stories on businesses…
Defense Intelligence Agency Renews Big Lease in Arlington
September 1st, 2009The Defense Intelligence Agency, a sub-agency of the U.S. Department of Defense, is staying put at 3100 Clarendon Blvd. in Arlington, VA.
The General Services Administration signed a renewal for the agency’s 221,084-square-foot space that runs through…
