Russell Investments Moving to Former WaMu Center
September 10th, 2009Russell Investments is relocating its headquarters to the former WaMu Center in downtown Seattle after a 73-year stint in nearby Tacoma, WA. The global investment company is slated to take occupancy in 2010.
Northwestern Mutual, which owns Russell…
CIC May Invest in U.S. Real Estate
September 9th, 2009China is looking to invest cash from its $300 billion sovereign-wealth fund in U.S. real estate, and it may rely on the U.S. government to finance some of the deals.
Hotels, Retail Properties Make Up More Than 63% of Largest Problem Loans
September 9th, 2009Declining property performance and increasing CMBS defaults remain the chief contributors to a sharp increase in the number of troubled loans within the U.S. CMBS market.
The addition of 432 commercial real estate loans totaling approximately $5.2…
Hotels, Retail Properties Make Up More 63% of Largest Problem Loans
September 9th, 2009Declining property performance and increasing CMBS defaults remain the chief contributors to a sharp increase in the number of troubled loans within the U.S. CMBS market.
The addition of 432 commercial real estate loans totaling approximately $5.2…
Postal Service Whittles List of Possible Closures from Thousands to Hundreds
September 9th, 2009Still a month away from any final decisions on post office consolidations, the U.S. Postal Service this past week said it has trimmed the list of possible locations for closure from thousands down to 413 retail stations.
The announcement updates a…
Bank Watch: Fire Sale or Bankruptcy: Capmark Faces a Choice
September 9th, 2009A Warren Buffet-led group has struck a deal to acquire Capmark Financial Group Inc.’s mortgage banking business – a deal that has two potential prices based on whether the commercial real estate finance company seeks bankruptcy reorganization or not.
A…
Lease Cancellations: ADS Logistics Packs Up Some Facilities
September 9th, 2009ADS Logistics filed for Chapter 11 bankruptcy reorganization earlier this month. ADS provides integrated transportation, distribution and logistics services for the metals industry. It operates a nationwide network of warehousing, shipping and distribution…
Lower Manhattan’s Office-Supply Glut
September 9th, 2009Reliant on the financial-services industry, downtown Manhattan has seen vacancy rates soar as firms have gone out of business or laid off workers.
Equinix to Build Data Centers in D.C., Silicon Valley
September 9th, 2009Equinix Inc. announced plans to build a 170,000-square-foot data center in San Jose, CA and a 152,000-square-foot facility in the Washington, D.C. area, two of the nation’s most networked regions.
Foster City, CA-based Equinix will build its $145…
Consumer Shift To Value Affecting Anchor Tenant Mix
September 9th, 2009The bankruptcy, liquidation and underperforming-store-closure efforts executed by retail chains during this recession created a swath of junior anchor and anchor store vacancies across the nation. Combined with the screeching halt that healthy retailers…
